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Gold/Mining/Energy : Nuinsco Resources (NWI)
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To: E. Charters who wrote (2608)3/30/1999 1:39:00 PM
From: mineman  Read Replies (1) of 5821
 
Eric, my words "projected sulphide trend" is from the release where they say for 7 holes "targeted on sulphide trend". Pre-drill planning will always entails probable projected trends for sulphides for this is what you use to plan your next holes. You are correct, though, for many a projected trend turned out to incorrect which was only shown by later drilling.

I have taken all variables into account to say say the 2.3 m thick bed is too small and thin to mine at a 100 m depth. I am not discounting the open pit potential, but I think that a much larger zone would need to be indicated to consider that proposal.

The high grade could return in 50 m but the odds of hitting other lenses of similar grades diminishes as you step further away from the one that you have delineated.

The mag and IP anonamiles do extend 1 km E-W, but the EM done over the project area has not returned highly conductive zones that one would expect with sulphide bodies within 200 metres of surface. Also the mag indicates the gabbro body is plunging east so as present drilling progesses east the depth will increase.

The one high grade zone does show that this gabbro body was sulphide-rich when it was emplaced and could indeed have more similar types of Ni-Cu bodies along it's length. But the further out the drilling progresses from the one small body intersected to date reduces the potential of finding more.



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