HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Just talked to Neil Novak

I'm a bit confused by your comment about hitting ore body at depth and saying that's what we want.

In fact the closer to the surface the better. Hitting 20 meters of ore at depth isn't what we want to see. What we want to see, for example, is 120 meters of rich ore body instead of 20 meters.

There does seem to be an indication that the ore body does dip at some points and that's no big deal as long as more and more gets proved up.

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