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First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Re: The Big Score - a quote
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Feb 14, 2008 08:26AM

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Feb 14, 2008 09:06AM
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Feb 14, 2008 02:53PM

Feb 14, 2008 03:54PM

Snug, re your thoughts on waiting, perhaps our expectations could be tempered a bit by recalling the drilling timelines at Voisey's B. I felt such a reality check was in order in a post on McF earlier today, so perhaps you won't mind if I pasted it here too.

Well put Poly on Helium's excellent summary of all the NRs.

I think its time to do a reality check on the past at V Bay to help us in thinking what the future may hold timing-wise wrt ONLY the drilling at McFaulds. A short timeline history would look like the following:

22 Oct '94: Hole#2 MMS (unexpected) visuals.Big time staking (in office)

3 Nov : 7 sentence NR "potentially significant occurrence of base metal mineralisation Ni Cu Co discovered in Labrador". No ref to VB etal

17 Nov: Assays #2: 2.2Ni, 1.5 Cu, 0.12 Co over 33m. DFR $8. 1 Mt

2 months later

18 Jan '95: #7 &#8: Visual MMS over 104 m & 111m. DFR $20. 25 Mt

6.5 months later. 10+ drill rigs full time. World classConsultants/geos.

3 Aug '95: #166 : 1 m of MMS in searchy for 2nd ovoid/deposit

3.5 months later. 10+ rigs full time. Mag/Em Surveys. More experts.

18 Nov: HOLE #202: BINGO. 40 m MMS. 3.36 Ni. Eastern Deeps. Inco est reserves at 132 Mt, Falconbridge 88 Mt (no 43-101's here !).

By end of '95, 200 Juniors promoting V Bay with total Mkt Cap $2.4B

By end of '97, NONE of the Juniors had made a discovery and 150,000 claims reverted to the Province. Ref to all above-The Big Story by J McNish

Moral of this story--even with all the mag/em surveys/anomalies evident/expertise/10+drill rigs/driven masters, finding an elusive MMS body takes time, patience, and big $$$. Perhaps McF will be easier but lets not forget VB as we all go forward in the hope of being part of VB ll.

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