Jean-Marc Lulin (CEO Azimut) gave a presentation virtually to a Quebec focused NYC OTC conference on Wed last week. He gave very little away however, when speaking on Wapatik, he stated that they had just completed the EM survey down to approx 500m and based on preliminary interpretation they are planning a drilling program in a few weeks from now (last Wed). Then, in summing up his presentation he stated that "Wapatik is a
major Ni-Cu target which we will drill very soon - few weeks". Hopefully there is news out sometime next week.
One of his presentation slides continued to make analogous references to Eagle's Nest Mine in Ontario and Eagle Mine in Michigan - both ultramafic intrusives. Whilst not overly large type deposits, these can be highly enriched. Extremely interesting to note for comparison purposes the best drill intercepts on both projects. According to their N 43-101 reports
- Eagle's Nest best drill was 117m of massive sulphides averaging 4.10 Ni, 2.20 Cu, 2.09 Pt 7.13 Pd .42 Au and 6.30 Ag.
- Eagle Mine best drill was 84m of massive sulphides averaging 6.30 Ni and 4.00 Cu + pge
Not sure ASX would have seen too many announcements re intercepts like the above. Not even Sirius's Nova discovery got close from memory. As for the share price on a hit of massive sulphides - who knows - could be anything given low shares on issues and Michael O'Keeffe effect. Should be exciting weeks ahead!!!
