Research Pit

[sende99]

From yahoo message board:

NAI - Refresher for new investors 17-Apr-10 05:12 pm
Guys,

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

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

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

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

To date Northern Abitibi has drilled a total of 4187 metres of core in 45 holes along the Thor Trend, excavated 41 trenches, completed a high resolution airborne magnetic survey over the property, and constructed a 2.5 kilometer long access road into the project from highway 420.

Grains of visible gold, ranging from very small up to 1 or 2 millimeters, have been observed in most of the drill holes. The results 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, showing the 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 remain untested. The airborne magnetic map below shows several large linear magnetic lows that are interpreted to be reflecting magnetite destruction associated with hydrothermal alteration and gold mineralization.


Selected High Grades
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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 = 6,752,411 million ounces of gold

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


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 upcoming drill season proves successful, we, no doubt, will have a ten bagger giant.

Good luck to all NAI investors.

Wimzie