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Gold/Mining/Energy : Nuinsco Resources (NWI)
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To: George Castilarin who wrote (628)2/4/1999 5:15:00 PM
From: E. Charters  Read Replies (1) of 5821
 
Not having been faulted or deformed is hard to get in that region and many others. Deformed it most certainly is. They are on the edge of an antiform so it will be a plunging shoot. It was once laid down flat somewhat before the overlying gabbroic/serpentine flow. Now it is tilted near vertical. I would say here it could plunge to the southeast. It may be about 200 metres in length judging by the rate of change of grade of successive 50 metre spaced holes. If it is 200 metres long and 30 metres wide and is 1000 metres deep, it could exceed 18 million tons. (More likely 1/2 of that as I doubt it would have that continuity) That is an orebody if they can maintain 1.5% nickel equivalent grade. I don't think it would be mined for ten years or more as nickel is too weak but it is a good asset for the company.

The reality is if they can pull 5 million tons they have done well. Unless it is an extremely anomalous monster their chances of even doing that are not that good.

EC<:-}
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