OK Gang... I'm probably grasping for straws but there are a couple of
sentences here that makes me think that they have saved the best
until last and the results from hole 98 -131 make me think it so...
We know that they have been conducting PEM survey's all over the area
and it's only recently that they have been drilling their so called
"highly conductive" ones, which means that we haven't heard anything
about the recent MGJ hole and obviously we haven't heard anything
about the one they are currently drilling on that property...
With results like these it makes one wonder why they are even
bothering to continue...
Answer: (in my mind only)...
They are drilling and are going to continue drilling their most
recently discovered "high PEM conductivity" holes, if one can
describe them as such...
I've bolded the statement that make me think this way...
____________________________________________________________________
Mr. Harvey Keats reports
SOUTH VOISEY BAY PROJECT
Since commencement of drilling in May, approximately 14,000m of drilling have been completed in 37 new holes and five deepened holes, with 10 holes drilled since the progress report in Stockwatch Sept. 24, 1998.
The table below lists selected assay results in 1997 and 1998 drilling programss and illustrates the variability in the nickel and copper grades and tenor (nickel and copper recalculated to 100 per cent sulphide). Four drill holes (97-67, 97-75, 97-97 and 98-131) have nickel tenors greater 2 per cent, several holes have nickel tenors between 1 per cent and per cent and several holes have nickel tenors less than 1 per cent. With the exception of the high grade massive sulphides in the footwall gneisses in 97-75 and 98-131, all of the intersections are contained within widespread blanket mineralization at the base of the gabbro. This flat lying blanket mineralization is highly conductive and is detected by in-loop pulse EM.
In hole 98-131, on the Northern Abitibi/Donner joint venture high-grade semi-massive sulphides were encountered at the base of the gabbro (4.5 per cent Ni, 2.6 per cent Cu, 0.28 per cent Co over 0.2m) and massive sulphides in the footwall gneiss (3.4 per cent Ni, 0.5 per cent Cu, 0.46 per cent Co over 0.3m). These results and the variability in nickel grade and tenor encourages management to continue to explore for thicker high grade mineralization throughout the South Voisey Bay project. Management believes results to date demonstrate that the project has the potential to host a high grade nickel-copper sulphide deposit comparable to Voisey's Bay.
The continuing PEM geophysical survey is nearing completion. The original region gravity survey coverage is now complete. Additional traverses of regional gravity are being carried out on the east portion of the South Voisey's Bay project to extend coverage to the suture zone.
Work in the suture area, including limited drilling, has encouraged Donner to plan a systematic exploration program for this region in 1999, in addition to continued exploration in the North Gabbro and South Gabbro and extensions beneath the overlying gneisses.
It is expected that drilling will continue with one drill rig on the South Voisey Bay project until mid-December, with additional holes to be drilled on the Donner/Northern Abitibi, Donner/Major General and Donner/Cypress joint ventures. Donner will also be drilling, as contractor, on ground held by the Labrador Nickel Syndicate. Upcoming drilling will continue to test PEM anomalies and extensions to known favourable geology.
___________________________________________________________________
But then again, what the 'ell do I know...My largest holding is LAB based on the rumours that they have the highest conductors seen in SVB...
I'm looking for a selloff of major proportions in the morning, but then again I've been known to be completely out of whack many times before and probably will be many times in the future...
GLTUA...
...ed
EDIT: PS...Marty thanks for the wakeup call...Going out for coffee and digest this chit or rather indigest this stuff.. |
