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Strategies & Market Trends : Ride the Tiger with CD

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To: koan who wrote (92811)	9/24/2007 9:39:05 AM
From: E. Charters	Read Replies (2) of 313036

Well I won't make it an argument. You never know until you know. Betting long on geology is a tough racket. Especially when we don't know half of what the field people know. The problem is I think that the massive sulphides do not outcrop. The rusty outcrop therefore must be the troctolite/olivine norite (hypersthene gabbro) dyke, which explains why the outcrop samples were lower in average nickel than the float samples, which presumably came up from the base of the 'dyke'. The dyke itself is 1000 metres wide and must be the feature in the mag map in purple contacting the enderbitic gneiss which in turn contacts the sulphur bearing Tasiuyak Gneiss. It appears to be a feature about 15 KM long or thereabouts. The dyke they say is the source of the 3 milligal gravity anomaly. Usually these anomalies are related to rock hosts and not their contained sulfides which don't usually form enough mass to make a difference. We can see from the map that the whole dyke system gives rise to local sulphide outcrops from 0.18% to 1.40% Ni. It is a fecund system. The trick is to find the putative area which gives rise to a sufficient localization of ore values. I warrant there may be copper or nickel sulfides all along the dyke. It also appears to have a shallowly NE striking companion dyke of fault on its south end, which is also productive of some nickel values. On the other hand, from a speculative standpoint, we can see they have 'lots of chances'. That gives the play some legs. Then there is the Tasisuak play as well. So, two legs to stand on. The stock may have a drop back if the initial outcrop does not drill off, but if they are smart they will continue to investigate the dyke and eletrix and other signs along its edges. It is interesting that the highest nickel samples are from another outcrop far from the Kingurutik discovery, in a place called the West Margin, about nine miles to the SW. The total exploration effort would not be a small task, as the dyke is a major feature. At least we have surface indications. The false starts at Garland Lake were simply shots in the geophysical dark, a game that is frustrated more often than not. EC<:-}

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