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Timmins Nickel exploration confirms Langmuir ore body.

Timmins Nickel exploration confirms Langmuir ore body

Positive exploration by Timmins Nickel, Inc. at its Langmuir number one zone property has led to a decision to proceed to production.

Timmins Nickel president Stephen McIntype said the company feels the ore reserves and grades have been confirmed. "The priority right now is to add definition so we can start mining."

The property is located about 20 miles southeast of Timmins.

In the second of two underground drill holes completed as of early September, the company found an intersection of 40 feet of 3.44-per-cent nickel.

The intersection is nearly horizontal and is estimated to be nearly true width.

The first hole in the program recorded four feet of 2.78-per-cent nickel approximately 100 feet to the north.

McIntyre noted that the company is doing further confirmation work on the ore reserve.

Diamond drilling is continuing, with another 2,000 feet planned.

The drilling so far has confirmed and enhanced previous diamond drilling by Noranda which outlined a mineable reserve of 187,475 tons at a grade of 1.8-per-cent nickel.

In a telephone interview from Timmins Nickel's head office in Toronto, McIntyre said his company wanted to confirm the ore reserves indicated by Noranda data.

It sought to ensure there wasn't a "funny dip" in the ore body, he explained. "We're confident the reserves are the true width of the ore."

The ore zone slopes downward to the north, and McIntyre said there is a good chance of a continuation in that direction. He explained that the hypothesis is that, if exploration proceeds to the north and deeper, more ore could be found.

However, the possibility of further finds does not affect current decisions.

"We've got enough stuff to motivate what we're doing already," McIntyre said.

Success in this program is expected to enable Timmins Nickel to double its nickel production within six months.

"We have quite a feasible plan to double production right now," McIntyre said.

The Langmuir property would be a new mine which will employ about 30 people. It would produce about 500 tons per day.

Timmins Nickel recently completed de-watering of the Langmuir number one ramp which is within 250 feet of the ore zone.

McIntyre said the existence of a ramp is the reason why the deposit can be developed quickly.

The ramp was built in the mid-1970s as part of the exploration work by Noranda.

Timmins Nickel also operates the Redstone Nickel Mine about six miles away.

Timmins Nickel trades on the Toronto Stock Exchange under the symbol TMN.
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Title Annotation:Mining Report
Publication:Northern Ontario Business
Date:Oct 1, 1990
Previous Article:Shortage of managers predicted by industry.
Next Article:Exploration firm owner blames feds for the industry's slump.

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