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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Rocket Red who wrote (68093)11/23/2009 12:27:26 PM
From: E. Charters   of 78417
 
It's 48.95 feet of "stuff". But there is, respectively within that larger interval, 2.8 metres, 0.3 metres, another 2.8 metres, 1.2 metres, and 3.0 metres of, we presume, just rock. 33 feet of nothing (It would appear). So they in fact have only 16.72 feet or 33% that is mineralized. How mineralized we can only guess.

The bands are rather thin. 1.5 meters, of 5 feet, 0.6 metres or 0.6 m or 1.97 feet, 0.6 m or 1.97 feet, 0.2 meters or 0.66 feet, 1.6 metres or 5.25 feet, and 0.6 metres 1.97 feet.

The low grade sulphides are often higher in PGMs. My wild guess is that the mineralization will not crack more than 1% Ni in the sulphide pods, and no more than 1% Cu. PGMs are anyone's guess but I will go out on a limb with a lottery ticket that says less than 2 grams all told in the sulphide zones. Divide that by 3 for the whole interval.

I don't think it will be that exciting by and of itself, but it represents for that company an new area of mineralization. You never know what the next hole will show, as we would like to know about off hole anomalies and the nature of the geofizz. They have something with copper in it evidently, and it is not the richest zone in the world, but it may lead somewhere. We know there is other stuff around there now, now it takes some explo.

When you initially hit a zone like that and you see sulphide up and down the core for 50 feet, (2.5 boxes of core) and zones of 1 feet of solid sulphide, it looks nice. It is technical success as they say. Not a miss. You believe you have hit a system, in some area of it. It could get better you surmise, what you see is the interfingering of a layer of valuable mineral injection or conversely in sedimentary theory, the stringer or feeder zone of a more massive area, or the edge of a lens that was laid down under a serpentine flow and distributed itself in sediments. If it is Cu-Ni, traditionally the edge of the zone or the outside is richer in PGM's. This is classic and we see this in the FNX deposit in Sudbury, which was called Mcreedy "West") Mind you McReedy is some wide and some rich in Ni as well.

Comparing the Tribute intersection to this one at the Levack Footwall deposit of FNX is perhaps unfair, but it does serve to give some perspective. There is lots of Stuff at McReedy that goes 1% Ni and 1% Cu. In fact the Sudbury average is 1.2% Ni for the all the mines since 1890.


DH# Interval Cu% Ni% Pd/Pt/Au Pt/Pd/AU
Ft. gms oz/short T
FNX6047B 64.2 7.7 1.2 4.1 0.12
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