Lots of holes and NR's,...but has the resource got any bigger?
I thought they were talking up the PGM's but a quick look at NR's doesn't seem to show any assays.
History of Property
The potential of the minerals was first tested in 1959. From 1970 through 1978, a small independent mining concern sank a shaft on the site known as Langmuir #2 to an approximate depth of 445 meters. That mining operation produced approximately 1,250,000 tons of ore averaging 1.45% nickel. In 1976, Noranda-INCO Joint Venture completed a ramp to approximately 230 feet to the deposit and calculated resources of approximately 164,000 tons grading 2.1% nickel. In 1990 to 1991, Timmins Nickel Incorporated, a small independent mining concern, completed a ramp to a 400-foot depth with 3 levels of development from which they mined approximately 111,500 tons of ore grading 1.74% nickel. They also calculated remaining inferred resources at approximately 125,000 tons with an average grade of 2.21% nickel.
Two other locations, designated Langmuir North and Langmuir South, were also tested. Langmuir North is calculated as having approximately 450,000 tons of inferred resources averaging 1.20% nickel and Langmuir South is estimated as having approximately 180,000 tons of inferred resources averaging 1.5% nickel. In 1991, Timmins Nickel Incorporated became bankrupt because of depressed nickel market and abandoned the claims. In 1998 the present chain of ownership then reclaimed those claims. |
