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Gold Discoveries



Gold Discoveries > Post news here. > NAI - A 10-bagger in the making View modes: 
  • NAI - A 10-bagger in the making

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    Guys,

    Below is my one more attempt to refresh your memories about the potential ofNAI. Note that all this info is available online at NAI website (http://www.naminco.ca). I have highlighted thekey points.

    Viking Gold Project
    http://www.naminco.ca/viking.phphttp://www.naminco.ca/viking.php

    The Viking property is 900 hectares insize. *The dominant rock types are augen gneiss, fine grained granite withlesser diorite dikes and sills. Gold-in-soilsdefine a 4 kilometre long gold system which increases in width to theeast. This gold anomaly has only seen significant exploration on the east sidealong the Thor Trend. The 3 kilometre long northeast trending gold anomaly inthe west and central part of the property has not yet been drilled by Northern Abitibi.

    Gold mineralization along the Thor Trend hasbeen traced for over 1000 metres, with widths of 30 to 60 metres and to depthsof 100 to 200 metres. The Thor Trend remains open along strike and atdepth and geophysical data suggest it could be up to 1600 metres long. The zonehas been partially drill tested over a 600metre strike length and every hole has intersected gold mineralization.

    To date Northern Abitibi has drilled a totalof 4187 metres of core in 45 holes alongthe Thor Trend, excavated 41 trenches, completed a high resolution airbornemagnetic survey over the property, and constructed a 2.5 kilometer long accessroad into the project from highway 420.

    Grains of visible gold, ranging from very small up to 1 or 2 millimeters, havebeen observed in most of the drill holes. Theresults show that 86.1% to 96.4% of the gold in the samples is cyanide soluble,with an average of 92.4%. These results are extremely positive, showingthe Viking mineralization is not refractory, and suggesting it could be amenable to relatively simple extraction techniques.

    Untested Potential
    In addition to the Thor Trend, which has excellent potential for expansion,there are several large exploration targets on the Viking property that remainuntested.  The airborne magnetic map below shows several large linearmagnetic lows that are interpreted to be reflecting magnetite destruction associatedwith hydrothermal alteration and gold mineralization.


    Selected High Grades
    =========================
    218.8 g/t gold over 0.5 m
    176.2 g/t gold over 0.5 m
    136 g/t gold over 0.5 m
    119.6 g/t gold over 0.9 m
    50 g/t gold over 3.7 m
    41.4 g/t gold over 4.8 m   
    33.7 g/t gold over 5.75 m

    Selected Low Grades
    =========================
    7.9 g/t gold over 27 m
    5.12 g/t gold over 23.0 m
    4.1 g/t gold over 18.2 m
    4.1 g/t gold over 18.2 m
    2.8 g/t gold over 57.4 m
    2.9 g/t gold over 17.5 m
    2.0 g/t gold over 41.4 m
    1.8 g/t gold over 40.5 m


    NAI Evaluation based on THOR trend parameters:


    1000m x 60m x 250m = 15,000,000 cubic meters
    15,000,000 m3 x approx. *2.8 ton/m3(for crushed rock) = 42,000,000 tons
    42,000,000 tons x 5 gr/t = 210,000,000 grams of gold
    210 Million grams / 31.1 grams/troy oz = 6,752,411million ounces of gold

    * Specificgravity (I am using 2.8)
    Gneiss, bed in place    = 2.87
    Granite, solid=2.69
    http://www.reade.com/Particle_Briefings/spec_gra2.html


    I have evaluated more than 100 junior miners so far, and NAI is the only one(beside couple others) which is highly undervalued at this time. If the upcomingdrill season proves successful, we, no doubt, will have a ten bagger giant.

    Good luck to all NAI investors.

    Wimzie



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