I have just finished reading my favorite news paper (the northern miner). This is an interesting article, for our regular contributors and believers, and this should put an end to the bashers. Read non-believers, then use your noggin!!
Nuinsco sees widely disseminated sulphides at Lac Rocher
The release of new drill results from the Lac Rocher property in northwestern Quebec seems to have disappointed the market less this time around. Shares in the proper holder nwi were off slightly as the explorer announced it had drilled 26 more holes and intersected mostly disseminated sulphide mineralization.
Nuinsco, which became a market darling early in the year when it released assays from the discovery hole on the project, was beaten up by the market when it announced results in March. The "early-stage" exploration project, while it continues to show results that company management describes as encouraging, has not fulfilled the inflated hopes the market had placed on it.
In the newest drilling, the most strongly mineralized intersection was in hole 11, drilled vertically near the discovery area. The hole cut a 48.3-metre interval grading an average of 0.65% nickle and 0.27% copper.
Four holes collared 600-800 metres southeast of the discovery area all intersected disseminated sulphides in gabbro and pyroxenite. Hole 30, drilled about 1 km southeast of the main mineralized intersections, encountered only the parageneiss country rock outside the gabbro intrusion. Samples from anther six holes, drilled southwest of the intrusion to intersect it at depth, are out for assay.
Nwi's exploration strategy has two prongs: the company is trying to trace the extension of the known massive sulphide mineralization to a deep central feeder zone, persumably southeast of the discovery area, and, at the same time, is testing other areas on the property where geophysical evidence suggests there may be other gabbro bodies that could be mineralized
The massive sulphide body appears to be faulted, and its' extension has yet to be found. Nwi is using down-hole geophysics as a guide, and thinks the massive sulphides found so far may be part of an upward-faulted block, indication the the extension may be deeper, than the discovery zone. Thing have certainly been disrupted by faulting, and it's going to take some time and effort to sort it out.
To asses other parts of the property, Nwi has cut grids at the locations of three magnetic anomalies found in earlier airborne surveys, and has performed some ground magnetic surveys to spot likely drill targets.
An airborne survey is also under was to cover the entire land package.
Bandyayera and Morin consider the Lac Rocher gabbro to be one of the late tectonic plutons and dykes that intrude the greenstones and the enclosing gneisses. They suggest that geochemical evidence points to late, rather than early, accumulations of sluphides in these rocks, which favors the development of MASSIVE sulphide bodies near the base of the intrusion.
Now people, notice, early stages of exploration, where does it say dead, and that they are movin on, wake up!!!!! Now, lets all say duhhhh!!!
Regards
G |
