Welcome To The Golden chalice Resources HUB On AGORACOM
Strong Focus on Gold and Nickel in the Northern Ontario Exploration Belt
Hub Controls
  • Demo Video
  • Upload Photo
  • Edit Company Profile
  • Add a Link
  • Update Fast Facts
  • Add Management Bios
  • Private Messages
  • Edit My Profile
  • View/Edit My Portfolio
AGORACOM News Flash

Agoracom Update Complete.

Our system upgrade is now complete. If you encounter any problems, please notify us using our contact form

Thanks for your continued support in making Agoracom the best online community for Small Cap Investors.

Golden Chalice Resources > Message
Nickel2

Re: Langmuir

Posted by: whaler on May 09, 2008 03:30PM

In response to: Re: Langmuir by dvconnection

Hi guys

I can say its all about whats deep underground. As for the majors. I will paste a tidbit from an analysts report James Darcel wrote last Nov that is really what the whole game of Ni exploration is all about. Pay attention to the first paragraph. Of course he is speaking about ISM. But in reading what he says, the whole Shaw dome is a target. Where will the present mills find and feed ore from. God imagine the JV speculations. Thats why the maps might glue some talk together.

I like the "tip of the iceberg" theories.

"This valuation does not attempt to compare the Company with other exploration projects nearby including Golden Chalice,Liberty Mines, First Nickel, and Starfire Minerals. The area appears to have large structures that extend across claims. The entirearea may become a target for development by a multi-national mining company, which suggests that a higher in-situ Ni valuationis warranted. If the Company doubles this reports estimate of Ni at Langmuir through detailed drilling, then it is likely to become a target.

The methodology applied to estimating Ni at Langmuir 1 did not attempt to “fill-in” gaps in core sample data, where the summarized report excluded a length between reported samples. It is the opinion of the writer that the effect would be that Ni estimated at Langmuir 1 is low.

From the Jensen report (p.48): “Detailed mapping and interpretation indicates that both the Langmuir No.1 and No.2 deposits occur at the same stratigraphic position on opposite limbs of an anticline / syncline pair and implies that the favourable stratigraphy may be repeated at several locations on the property.” In the author’s opinion, this should be interpreted as meaning that the above Ni poundage estimates are a starting point, and that significantly more Ni is highly likely to be found at the Company’s Langmuir area properties after they drill into the 40-60 anomalies they are targeting over the next year."

Post a Reply

Please login to reply to this message.