Ni, Co, Cu, PGM, Au Properties in Ontario Canada

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Message: News. Wonder if this will help

Re: News. Wonder if this will help

posted on May 23, 2008 03:36AM

We have to also remember that Falconbridge (now Xstrata) held alot of exploration properties. Some properties may not be exactly what they wanted to keep but for our size property (and with the Groves property really close) we may be able to build on synergies. The drilling that they are going to do could easily be some DD for the deal. There are no up front fees so if we find something and we like it we have to have $500,000 spent by Apr 1,2009.

In the meantime, we have to spend the flow through money on exploring by the end of the year anyway. Should be interesting to see the news coming down the pipe. $6.9 million to be spent on exploration should give us a good chunk of news and info. ISM has a whole bunch to spend on exploration too and GCR as well. There should be a whole bunch of info discovered about the Komatiite flow in the Shaw Dome and we hold a large land mass. There are some direct comparisons to the flow between McWatters and Galata and the area that the Ni43-101 covers that ISM will be putting out. Should make some very interesting reading. Alot of money, time and expertise goes into each one of these reports. Ours I found very interesting.

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