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: Conversation with Noront

Conversation with Noront

posted on Jan 23, 2008 09:05AM

OK, try to get it down. First and minor to most of us is the drilling on Lizard last year. Assays still not received but feeling is while something there it's not earth shattering.

HOLE 28 : Dick won't say how deep before they stopped but it is drilled and I did get him to say it was more than the extra 20 meters that I suggested was expected. He said we would be pleased with this one.

New drills, one starts turning tomorrow and the other shortly after. One to drill DE 1 to get enough holes for preliminary resource calculations. As soon as this is done they will drill to step out and add to resource.

One anomality is in process of being drilled. THIS IS NEWS so pay attention. Evidently down hole geophysics identified an offshoot anomality from DE 1 and they are going to try and hit on this. Surface studies didn't indicate this. It's a big if but IF it extends Dick said expect a double (2 bagger to you pros).

Dick again express conviction that the story is far from over and holding on to every share will pay off in future. Nobody he's talked to is doing anything but scraping up extra dollars to buy more shares cheaply.

Yeah I know you want to know when a news release will come out, Dick won't say, "it's not proper to say."

Dick's phone is ringing constantly and another meeting starts shortly so nice of him to take my call. He did mention that contracts are being reviewed and steps taken to get assay results within 2 or 3 weeks instead of the time it's been taking.

This was a fairly short conversation, not earth shattering news but of course positive.

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