What the truth machine may reveal.I hope things work out for EQT as they certainly have the appearance of a well run shop with the people to back up their exploration efforts. I hope that the drill will hit high grade nickle.
For those who wish to to take some profits off of the table may I offer the following information.
THE RICE ISLAND NICKEL-COPPER DEPOSIT:
The Rice Island nickel-copper deposit was explored by drill programs completed by Inco Ltd. (1949-1950 and 1967). The drilling delineated a magmatic nickel-copper deposit over a strike length of 250 metres and to a maximum vertical depth of 500 metres. Historical drill intercepts encountered good nickel grades over appreciable widths including 2.35% Ni, 0.72% Cu over 13.72 metres, 2.35% Ni, 1.11% Cu over 10.67 metres, 2.63% Ni, 0.98% Cu over 10.30 metres, 2.39% Ni, 1.24% Cu over 10.06 metres, 1.02% Ni, 0.85% Cu over 35.57 metres, 1.03% Ni, 0.50% Cu over 22.86 metres, 4.31% Ni, 1.28% Cu over 5.18 metres and 3.20% Ni, 1.23% Cu across 5.95 metres (see Figure 1).
The above results are from a current news release from Wolfden Resources V.WLF, and I suspect that there drill results from their program will be released some time this week. I also expect to see the drill results from 2 of their properties from within New Brunswick. Let us see how their results compare with the EQT results.
Cheers.