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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: jpthoma1 who wrote (24730)11/29/2003 8:13:09 PM
From: Frankly Speaking  Respond to of 39344
 
JP,

Thanks for the detailed info. I've been watching this one for a while, and I think that under $2.00 might be a good entry point.

Cheers
F.S.



To: jpthoma1 who wrote (24730)12/6/2003 1:28:52 AM
From: aknahow  Read Replies (1) | Respond to of 39344
 
I have to ask, which will reveal my lack of knowledge, but I want to know if what surprised you was considered good or bad.

"Whereas preliminary fieldwork led to the interpretation that the mineralized ultramafic rocks were channelized flows belonging to the Povungnituk Group, extensive mapping in 2003 has shown that they are sharply discordant magmatic conduits in all cases. Mineral fabrics, metamorphic grades, detailed drill sections and map patterns show that the entire South Raglan trend can be interpreted as a series of en echelon or parallel dikes trending approximately N70E, which can collectively be termed the Expo Dikes. The Expo Dikes were emplaced into the New Quebec Orogen after the development of km-scale open folds in the metasedimentary and metavolcanic supracrustal succession

"Although the overall similarity of the mineralization in the Expo Dikes invites correlation with the Raglan trend, the grossly different Cu/Ni ratios (1.0 in the Expo Dikes, 0.3 at Raglan) suggest that the two suites are unrelated. The timing of emplacement of the Expo Dikes is problematic and may require re-evaluation of the tectonic evolution of the New Quebec Orogen. "

Thanks. I assume it is a positive or the company would not have gone into such detail.