Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gallery Resources (Alberta GYR) -- Ignore unavailable to you. Want to Upgrade?

To: William Jones who wrote (1268)	6/3/1998 6:42:00 PM
From: 1king	Respond to of 1829

William, I too am a small time investor. I just happen to have worked at Voisey for a couple years. I cannot agree more that there are more economic Ni deposits in Labrador. In my opinion one would be a fool to think otherwise. Good Luck 1King

To: William Jones who wrote (1268)	6/8/1998 12:59:00 PM
From: Kent C.	Respond to of 1829

Evaluation of Geophysical Results on Harp Lake 2 (last years survey): GeoScott Exploration Consultants and Quantec Consutling both examined the results of the MaxMin survey of the Harp Lake 2 property. GeoScott stated: At first glance the HLEM results are impressive in their strenght. Figure 1 shows the MaxMin profiles on Line 500N. On this line, the in-phase component reaches -86%, yet the quadrature component is no stronger than -4%. This imbalance between in-phase and quadrature is rare but not impossible if the casusative body is an extremely strong conductor. Typical conductance (conductivity-thickness product) values for such conditions would be well over 100 siemens(S). GeoScott modelled the HLEM response with EMIX MM Pluss. This program allows the user to model the profiles at each frequency separately. If the separate models are similar then there is reasonable confidence that the model and the field data are consistent. Further Evaluation of Geophysics Results - Harp Lake 2 Quantec completed a more comprehensive analysis of the survey data to determine why the two drill holes did not explain the highly conductive HLEM responses. Based on their analysis Quantec has made the following observations: 1. The ground magnetic and electromagnetic results at the Harp Lake Project identify physical property signatures relating to the subsurface geology and likely also concentrations of magnetite and possibly sulphide mineralization potentially associated with Voisey's Bay type Ni-Cu-Co deposits. 2. A 200 meter long, NNE-trending, multiple (2 zones) or 60 meter wide-body HLEM signature has been identified which host significant conductivity, width, strike-length and geoelectric characteristics to warrant drill-testing. 3. The highly conductive (and magnetic) nature of the response within the main zone suggests it represents either Ni-sulphides and pyrrhotite, or magnetite-rich graphite material, lying close to the surface. 4. Of interest, this HLEM conductive zone occurs immediately east of a gossan, containing Ni-Cu mineralization and centered on a magnetic high, possibly representing stronger mineralization down-dip. 5. The HLEM conductor cannot be explained simply by either a) coil - misalignment errors, b) operator error during data input, or c) purely magnetic sources. 6. Professional opinion offered by outside expertise has corroborated the authenticity of the conductor and the likely bedrock source relating to possible Ni-rich, pyrrohotitc ores which are know to produce similar responses in the highly resistive Voisey's Bay environment. Conclusion Quantec concludes that the HLEM conductor is valid and likely remains unexplained due to the fact that it lies very near surface. They suggest that of the six holes drilled, the two holes designed to intersect the conductor probably passed below the conductive body.