RE: RE: RE: RE: Goldenring - w/attachmentThe Properties occur proximal to the greenstone belt containing the Double Eagle nickelcopper-
PGE deposit owned by Noront Resources Ltd. (As previously announced on July
4, 2008 the Eagle One Deposit currently hosts an indicated resource of 1.83 million
tonnes averaging 1.96% nickel, 1.18% copper, 1.12g/t Pt, 3.91 g/t Pd, as well as an
inferred resource of 1.09 million tonnes averaging 2.39% nickel, 1.27% copper, 1.37 g/t
Pt and 4.5 g/tPd.) The area also contains the seven closely spaced McFauld’s Lake
copper-zinc volcanogenic massive sulphide (VMS) occurrences owned in a joint venture
by Spider Resources Inc. and KWG Resources Inc. Assays from drill holes testing these
occurrences include 18.0 m @ 5.88% Zn and 0.61% Cu (News Release dated October 28,
2003) and 4.63 m @ 10.4% Cu and 0.86% Zn (Burns, 2004). The Noront nickel deposit
is located approximately 20 km south of the West Rim Nickel property and
approximately 35 km southwest of the East Rim Nickel property (Fig. 15). The McFaulds
Lake VMS occurrences are approximately 25 km to the southeast of the West Rim Nickel
property, and 15 km west of the East Rim Nickel property (Fig. 15).
The greenstone belt that hosts the Noront discovery and the McFauld’s Lake VMS
occurrences is identifiable on regional geology and airborne magnetic maps, and forms
an almost completely circular feature, the so-called Ring of Fire. Virtually all of this belt
of rocks, and most of the adjacent magnetic and gravity anomalies associated with it,
have been staked recently by numerous mining companies. Staking defines an incomplete
ring up to 25 km across, with a collective strike length of 150 km (Fig. 15). The West
Rim Nickel property is directly west of and adjacent to the northeast-trending strike of
the greenstone belt near McFauld’s Lake, in the center of the Ring of Fire.
In addition to the major discoveries by Noront and KWG/Spider, there have been several
other notable occurrences found by drilling, including VMS style Zn-Cu mineralization
found by Macdonald on its McNugget property in the far southwest of the belt; the Probe
Mines Ltd/Mantis Mineral Corp/Tamarack Cu-Zn VMS discovery north of the
McFauld’s Lake VMS; the WSR/Metalex/Arctic Star Cu-Zn VMS discovery on the north
limb of the belt; and the Kyle Lake kimberlite pipe discoveries by Spider/KWG/Renforth
east and northeast of the greenstone belt. As indicated (Section 12) several gravity
anomalies associated with Large Igneous Complexes and are located in the area (Figure
13) and most
----------Original Message Posted 12/3/2010----------
Here is an old article saying who the players aree
Boils down to 4 left as two have been taken out
Probe is 2.00
Noront is 1.00
Melkior .28
and Macdonald at .18 with HBM backing
I would say as a minimum with any result we are equal to Noront and right now we are past Melkior as we have done more exploration in the area. With the Ontario govt coming onboard with infrasturcture support and Chris's announcing production for 2015 we are worth as minimum right now
.50 - 1.00. Drill results will be the telling tale but this is as a minimum.
----------Original Message Posted 12/2/2010----------
One of the more perplexing stocks I have, oh well nothing to do but wait er out and see what gives (me or them). Hopefully them - lol. Just kidding I am here for the long haul. GLTA
----------Original Message Posted 12/2/2010 9:59:35 AM----------
any prediction on just how high this could really go, I guess it all depends on how good the lab results will be but it sure seems like most of the posters are positive. Don't see to much bashing going on here