Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Looking Ahead

In early July, I noted this stock will look better from September till February next year independent of Peter's incompetence to create shareholders value. Anon's dumping activity has been dwindled upon selling over 10 mil shares. That's good news too.

Anonymous

Bought

Sold

From Jan. 5 to Aug 30

Total

4,432,500

10,019,500

1) Dr. Foud is leading the Magpine project which seems to be on schedule. Phase II metallurgical tests to fine-tuning of phase I is expected to start this week to further improve recovery and the purity of the recovered TiO2, together with the recovery of vanadium.

2) Magpie drilling is expected to complete by the end of next week.

3) By mid of September, Lac Lamelee 3000 metre drilling will be complete.

4) CHM: A mineral resource estimate for the Moire Lake project is anticipated in September.

5) CHM O'Keefe-Purdy: 10,000-metre diamond drilling program, which started in July with three drills will complete by mid of September.

6) RGX: An updated mineral resource estimate is scheduled for completion in September to be followed shortly thereafter by an update of the PEA.

7) Phase III metallurgical tests will consist of a mini-pilot-plant-scale test for the production of high-grade iron oxide and acid regeneration to commence in October.

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Aug 30, 2011 05:46PM
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