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: For the Record

For the Record

posted on Feb 19, 2008 04:03PM

The assay results for the "other" PGE metals today added exactly $0.94 cents per tonne value on a weighted average basis. That is, if on a go forward basis, no additional "other" PGE metals are found, our value per tonne would have went up by again $0.94.

I know that via Canseco's conversation with Richard today, Richard appeared confident that there will be additional "other" grades of PGE metals assayed. As these samples came from a section of breccia sulphides, are we likely to find these PGE's is strickly Breccia sulphides or does other mineraliztion host these "other" PGE's as well?

Again, for the geos in the house.

Milsy1

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