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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (28657)	12/31/2006 1:12:32 PM
From: onepath	Respond to of 78408

Yes also J. Embry was quite hot on NAC for both their projects and mgmt. but last I heard he had cooled somewhat on them. But price is beaten down,low shares out,under the radar for their u. holdings and there appears to be a lot of upside potential with their gold projects.Huge land holdings. N.A. Resources revises FT gold resource estimate 2006-12-05 18:27 ET - News Release Mr. Jon North reports NORTH ATLANTIC RESOURCES LTD. REVISED RESOURCE ESTIMATE FOR THE FT GOLD PROJECT, MALI SRK Consulting (Canada) Inc. has completed its review and revision of the initial mineral resource estimate for North Atlantic Resources Ltd.'s FT gold deposit. The estimate is based on the results of 73 diamond drill holes and 150 reverse circulation drill holes. The majority of the drill holes intersected the deposit above 150 metres vertical depth. Six ore zones were modelled; three at the Tiekoumala segment and three at the Foulalaba segment. The modelled zones are based on a minimum true width of three metres and a cut-off grade of 0.2 gram of gold per tonne. The results of the revised mineral resource estimate are reported at a 0.5-gram-of-gold-per-tonne cut-off in the following. MINERAL RESOURCE ESTIMATE(I), FT DEPOSIT, TIEKOUMALA AND FOULALABA SEGMENTS Deposit Oxide category Sulphide category Indicated Inferred (saprolite + mineral mineral (transition zone resource resource (ounces gold) (ounces gold) Tonnes Gold Tonnes Gold (g/t) (g/t) Indicated mineral resources Tiekoumala 518,000 1.04 4,459,000 1.00 160,700 - Inferred mineral resources Tiekoumala 263,000 1.09 2,297,000 1.09 - 89,800 Foulalaba 348,000 1.14 3,048,000 1.19 - 129,000 ------- ------- Total 160,700 218,800 ======= ======= (i) reported at a cut-off grade of 0.5 grams of gold per tonne. Description of the deposit The FT gold deposit consists of the west-northwest-trending Tiekoumala segment and the northwest-trending Foulalaba segment. The overall strike length of the deposit is 2,100 metres. The Tiekoumala segment has three vertical to steeply southwest-dipping zones and the Foulalaba segment has three zones that dip steeply northeast. The total length of the deposit along strike is unknown and will be determined by future exploration and delineation drilling. The cut-off grade of 0.5 gram per tonne gold was applied by SRK Consulting based on typical cut-off grades for producing gold mines in West Africa. Future drilling and expansion of the ore resource Future drilling is planned to expand the FT gold resource along strike and downdip, and to evaluate the nature, distribution and significance of the higher-grade parts of the deposit. The drilling at the FT gold deposit was completed by the professional staff of West African Drilling Services. The drill core samples were both HQ and NQ size and were cut in half by a diamond saw on-site. Half of the core from one-metre-long samples was shipped to the Analabs Morila facility, and ALS Chemex, Vancouver and analyzed for gold by fire assay-AA on a 50-gram sample charge. Two-metre-long intervals of RC (reverse circulation) samples were split on-site and sent to Analabs Morila facility and analyzed for gold by fire assay-AA on a 50-gram sample charge. The company inserts a standard, duplicate and blank in each batch of 20 samples analyzed to monitor laboratory accuracy and precision. The drafting was completed by Burt Consulting Services. The company's current landholdings consist of 1,491 square kilometres (km) (368,400 acres) of mineral rights in seven gold projects in the Republic of Mali. The revised resource estimate for the FT project, as set out above, was prepared by Yan Bourassa, PGeo, and Dr. Jean-Francois Couture, PhD, PGeo, of SRK Consulting (Canada) Inc., each of whom is an independent qualified person as defined by National Instrument 43-101. Top Print this Page Old Site \| Home \| Products \| Help \| Contact Us \| Your Account \| System Status © 2006 Canjex Publishing Ltd. All rights reserved. Terms of Use, Privacy Policy