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Noront Resources > Message
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Re: Financial Post article on a bidding war..Ni Grades at Kevista

Posted by: johndefur on April 22, 2008 06:29PM

In response to: Financial Post article on a... by SnugTheJoiner

Thnaks Snug for that link...very interesting reading...below is a snippet from an article on Kevista, the "large" deposit of Scandanavian Met. being fought hard over with overall Grades for comparisson to NOT....just for comparisson..

Notice...Final average Grades Ni 0.295%.....CU o.425%...Cobalt 0.014%...and 0.64 grams/ton Pt+Pd+ Au as ...As one can plainly see, this is a mere fraction of what NOT's deposit is...Even if NOT deposit is averaged at 1% Ni, it is nearly 4 times a rich....and they have approx 60 Million tons defined , divide by four, would give the equivilent of 15 Million NOT tons...

JD*

Mar1/07, announced remaining results from last year’s infill drilling
program:
• KV34: 124 metres at 0.39% nickel, 0.83% copper, 0.018% cobalt and
0.91 g/t Pt+Pd+Au
• KV36: 164 metres at 0.35% nickel, 0.50% copper, 0.015% cobalt and
0.57 g/t Pt+Pd+Au
• KV47: 118 metres at 0.44% nickel, 0.30% copper, 0.017% cobalt and
1.02 g/t Pt+Pd+Au
• KV48: 70 metres at 0.43% nickel, 0.35% copper, 0.017% cobalt and
0.94 g/t Pt+Pd+Au
• KV50: 144 metres at 0.38% nickel, 0.33% copper, 0.015% cobalt and
0.90 g/t Pt+Pd+Au


This correlates well with the proven and probable reserve grades of 0.295% Ni, 0.427% Cu, 0.014% Co and 0.64 grams/ton Pt+Pd+ Au as determined in the Pre-Feasibility Study of July 2006.

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