RE: NOT releases results next doorYou are absolutely correct, and bids are building. When she goes she is going to really go so be ready for a fun ride. GLTA and I agree we will be hereing something this week.
----------Original Message Posted 11/29/2010 10:18:38 AM----------
And guess where its all heading, smack on Butler property
Exploration Update:
Eagle's Nest Deep
The Company has terminated deep drilling at the Eagle's Nest Complex due to continued difficulties in completing wedged holes from NOT-10-094. Hole NOT-10-094 drilled beneath the intersection reported in NOT-10-085-W2 returned a borehole geophysical target indicating that the Eagle's Nest deposit continues at depth but the mineralization trends to the south west. The Company lost three attempted wedge holes targeting the geophysical target. In light of the inability to complete these deep wedge holes and the high costs associated with this type of drilling, the Company has decided to terminate the deep drilling program while it re-evaluates various alternatives.
The Company is confident, based on the down hole geophysical results, that Eagle's Nest mineralization remains open at depth and definition of the deposit below the 1,400 metre level will occur at a future date as part of advanced exploration and potentially from underground drill stations
P.S. Eagle's Nest deposit continues at depth BUT the mineralization trends to the south west and guess who's there, Butler property. Starting to understand why management called it Matagami type VMS camp deposit. Step aside Noront, Hudbay mineral will be all over this. This drill program will confirm it
La creme of the creme is coming
The Company is very encouraged by this large VMS system which is open in all directions and yields VMS mineralization over a potential cumulative strike length of approximately 20 kilometres. Upcoming drilling will focus on finding the best economic intersections along the VMS horizons. As noted in the Company's recent news releases, many other EM targets found during this winter/spring's revised data compilation will also be subject to follow-up prior to drill target selection.
Starting to smell chromite around here