![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, March 26, 2014 3:32:05 PM
NioCorp:
Indicated 19,319,000 .67%
Inferred 83,288,000 .63%
The resource estimate was derived from the drill data which was from 400m X 600m x 400m in depth area
Some of the 30 drill holes are below:
NioCorp
EC-11: 71.6m 1.19%
EC-16: 67.1m 0.91%
EC-29: 201.2m 0.99%
NEC-11-001: 235.2m 0.73%
Including 54.3m 1.17%
NEC-11-002: 179.18m 0.87%
Including: 131.03m 1.02%
NEC-11-003: 130.37m 0.58%
Including 34.16m 0.94%
Sarissa's Nb deposit is probably 200m X 200m X 200m - 300m depth from all the evidence I can see
The average drill hole is .4% nb and the highest grade hole is .58%
My guess is the deposit is 30-40 million tonnes at .45% nb
This is a lot different than NioCorp's Elk Creek of roughly 100 million tonnes between .63% and .67%
The thing about an underground mine is you can go after the high grade sections first. Elk Creek has significant tonnage near 1% as you can see from the drill data above.
Also Elk Creek has a paved road, electricity, water and rail on the deposit which is pretty expensive to build for SRSR.
I will say that I like both projects and am invested in both...
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM