To All
I am not sure if everyone caught one of the implications of this news release but allow me to float a trial balloon by all of you?
If you refer to the latter portion of my post #1442 for reference:
"The massive sulfide intersection in the 22% hole actually occurred in what appeared to be a horrizontal zone of weakness within the Churchill Province basement gneiss a number of meters below the Churchill gniess/Nain gabro contact where it should have been found if it were following the VB model."
"In my mind, the implication here is that there appears to be at least two different geological structures/ore types, and the latter, while very preliminary, would seem to bear many of the characteristics of a Rift type intrusion."
You may have noted that hole 67's massive sulfides were found at, and above, the Churchill gniess/Nain gabro contact. This is also where today's announced hole 96 found them.
Hole 97-96 encountered the massive sulphide mineralization from 184.3 meters to 200.0 meters at the base of the olivine gabbro/troctolitic intrusion and drilling is continuing within the basement gneisses to test possible extensions of the mineralization encountered in hole 97-75.
So Teck are,or were, still drilling down below the Churchill gniess/Nain gabro contact to see if the 22% "pots & pans" hole 75 type mineralization extends that far to the southwest.
Hole 97-96 is located approximately 200 meters southwest of Hole 97-75 and approximately 470 meters west of Hole 97-67.
Assay results for hole 97-96 will be released as soon as they are available.
Hole 67 hit the Churchill gniess/Nain gabro contact at approximately 180 meters, where a 1 meter combined intersection assayed up to: 1.93% nickel, 1.64% copper and 0.26% cobalt.
Today's hole 96 hit the Churchill gniess/Nain gabro contact at 200 meters with 15 meters of massive sulphide mineralization up to 184.3 meters.
I suspect that the massive sulfide mineralization announced in today's hole 96 news release may assay closer to that found in hole 67 as both were found near the Churchill gniess/Nain gabro contact.
If Teck finds or has found, another massive sulfide lense below the Churchill gniess/Nain gabro contact and within the Churchill gniess, I suspect its assays will more closely resemble the 22% "pots & pans" hole 75.
Finally, if we do get 30,000,000 tonnes of 15 or more meters of consistent massive sulfides mineralization 200 meters down, and it averages 3% Ni, 2% Cu & .2% Co, then we probably also have an economic open pit mine.
Terry should perhaps speak to this, but I would imagine we would not want to go much deeper and still go open pit.
Comments?
Regards |
