GREY:FNKLF - Post by User
Comment by
canoe92on Apr 23, 2007 12:25pm
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Post# 12658148
RE: Production stocksnbonds
RE: Production stocksnbondswhat do you make of the "noseeum" statements from FNI? Possible new reserves?
"First Nickel's exploration program was successful in discovering "no seeum", or low sulphide type platinum group element (PGE) mineralization, hosted in the footwall granites stratigraphically below the Conwest Deposit and associated with Sudbury breccia and less than 5% sulphides. FNI2020, drilled subparallel to the Sudbury Igneous Complex (SIC) contact in the footwall of the Conwest Deposit, intersected several zones of elevated PGE mineralization including 1.35 metres of 1.82 gpt Pt, 1.17 gpt Pd and 0.77gpt Au and 0.57 metres of 2.7 gpt Pt, 1.93 gpt Pd and 0.13 gpt Au. All assay intervals reported are core length and do not represent true widths (defined as being measured at right angles to the direction of extension of the sulphide body).
This low sulphide, PGE zone represents a new mineralization style not previously recognized on the West Graham Property. Limited exploration has been focused on footwall hosted mineralization on the West Graham property and the discovery of this new zone of "no seeum" style PGE mineralization emphasizes the potential of the West Graham Property to host additional footwall zones. Surface mapping has identified Sudbury breccia extending several hundreds of metres into the footwall granites that will require further follow-up exploration. "
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