NI 43-101

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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NI 43-101

posted on Mar 07, 2008 08:21AM

NI 43-101 is a set of standards and policies that govern the reporting of mining information. Everything from independent verification of assays, QC etc etc.

The part of NI43-101 people are referring to is the reporting of a 43-101 compliant RESOURCE ESTIMATE. A report that compiles the drill results, metallurgy results from bench tests, estimates mining costs etc etc. Being done independently from the company it is designed to give the market confidence that the estimate is based on fact and hasn't been dreamt up by some crook.