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Gold/Mining/Energy : Metallica (MR T) -- Ignore unavailable to you. Want to Upgrade?


To: TrueScouse who wrote (227)4/19/2001 11:20:29 PM
From: Little Joe  Read Replies (1) | Respond to of 263
 
Howard:

Is Noranda a big player?

Little joe



To: TrueScouse who wrote (227)4/20/2001 9:19:21 AM
From: Dan P  Read Replies (1) | Respond to of 263
 
Howie (and Gord and Little Joe):

Indeed, this is becoming the most important target for MR. These are very significant stepouts (200 m+) and looks like a very large deposit. The company is working on simplifying all of these results, and they will most likely report on a resource later this year. The drilling season is over , for now, and a lot more drilling was actually done than Noranda had actually planned: indicating the great interest that Noranda has. Apparently, they are looking for 1 % copper or more, and with the gold credits, this looks most likely to be economic. Of course, with higher copper prices, it would be even better. More news to come, but drilling is done for this season.

Dan