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: Size of DE1 - pencil

NOT's hit changed McFaulds from solely a VMS hydrothermal water deposit-based area to a VMS + MMS magma molten lava area. Franklin's 03 report (with its many spelling mistakes) on the SPQ web site stated that VMS deposits don't usually have Ni due to the dissolution/precipitation chemistry of Ni and water. MMS chemistry has Ni preferentially going from magma to sulfide liquid within the magma, hence becoming concentrated and being deposited on cooling in fissures/ovoids etc. All the anomalies that SPQ and others were drilling since 01 or earlier were aimed at Cu/Zn and diamonds when deBeers was involved. I believe what first excited RN was the chrome find by SPQ as that too is not expected in classic VMS ores. The GSC link I gave a while back is an excellent overview of the worlds MMS deposits. The faults/cracks etal for the magma flows in the Sudbury MMS deposit came from a meteor impact, only one known in the world, but I side with donypee that McF could turn out to be a second meteor hit site, particularly after PRB found cobalt in the soil sampling.

It would be highly unlikely that Eagle 1 is the sole MMS deposit in McF, so sit tight and watch the drilling by some 20 companies now.


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