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Gold/Mining/Energy : Nuinsco Resources (NWI)

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To: E. Charters who wrote (2204)	3/23/1999 8:31:00 AM
From: mineman	Read Replies (1) of 5821

The gabbro body plunges to the east where it is detected by the mag for about 1 km in length. The IP follows this same trend for 1 km. The surface exposure is about 120 m wide. The drilling shows the gabbro bottoms in the gneisses. All these clues indicate the gabbro body is 120 metres wide and at least 1 km along it's plunge. The thin 2.3 m thick 8% Ni body is too thin to be economic at the intersected depth. The Thompson orebodies were thicker and there was a long series of them which gave substantial tonnage in total. As of now NWI has one isolated gabbro body - something like the McNickel deposit which looked very interesting at first but proved to be small and uneconomic! 1 km thick melts do not come to surface but are emplaced kilometers deep where temperatures and pressures are sufficient to keep the melt in equalibrium. Granites plugs that form the base of volcanoes are usually small bodies in the cupolas of much larger intrusive bodies at depth. I agree that small gabbroic bodies can develop rich and sizeable nickel deposits; I am not closely following the drill-results of this project for the good of my health. It is always possible a thicker nickel zone could be intersected at depth.

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