GREY:CPMNF - Post by User
Comment by
MakeMyDay2on Jun 09, 2011 10:18am
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Post# 18692665
RE: News: Continues to Delineate High-Grade (Iron
RE: News: Continues to Delineate High-Grade (IronSo more good good results and we are talking about " Definition drilling " ! Go on CHM's website and read carefuly today's news release and take a look at the Figures at the bottom. The drilling is intended to deliminate the outskirts of the open pits and they are still hitting, hitting and hitting significant iron intersections.
If you look at figure 2 and 3, you will see they intersected iron beyond the initial proposed open pits. Like it is mentionned in the second paragraph below the drill results: ...definition drilling will require the final pit design to be significantly modified. The new pit design will likely significantly increase current in-pit ressources ... !!! 120 meters of iron intersected in definition drilling is a very pleasant surprise in my books ! At Fire Lake North the total drilling was increased fropm 20,000 to 23,000 meters (still 7,000 left to drill). Moire Lake is increased from 5,000 to 7,000 meters. I guess they must like their findings ... !
More drill results will be pouring in the weeks to come and several 43-101 updates will come out with some very, very, very interesting numbers !!! Arcelor and other big guns out there must be watching carefully the situation ...
Patience my friends, patience. At the most unexpected moment, we will get hit by a takeover offer. JMHO of course but shared by many people and financial analysts ... !