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: Wondering out loud.

PM, also consider that to make an announcement on a new discovery it would be helpful for management to have sufficient information on the new discovery so as to have developed a strong sense of what they expect to be the next step or two in drilling it up. Given that the area is apparently consisting of somewhat complex geology of very old placement and geomorphic working/reworking over the eons, a first hit may not be through the heart of the new deposit and more than several drill holes into any such new discivery likely would be necessary to get a sense of where the core or central conductor(s) are likely to be located let alone any suggestion as to the strike orientation. Recall that it was only after hole #12 did we have any real assurance that there was a strike length to be maped out on Eagle 1 and the full extent and actual orientation/direction(s) of Eagle 1 are still very much in the works. Once the data for the Resource Estimate have been collected (note the current infill drilling on Eagle 1) we can expect to see the new real big step outs on Eagle 1 to start. So, the same expectations can be considered as par the course for the new Anomaly drilling now underway.

Though Richard Nemis has been very positive in his commentary, he appears to do this with a strong underlying knowledge of what is next and also what will follow 'next'. I cvall it being more than one step ahead of the game and reflects good, strong, wise, knowledge based management.

Old Joe

PS: If a hole # 5 is drilled up early on a new anomoly, then the supression of leaking rumors from camp will be a difficulty, but past experience has helped with knowing how to prevent such and failing prevention of leakage rumoring, then knowing how to deal with it effectively should be a very colse second to supression of possable rumors.

 

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