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: Re: PGE Assays
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Apr 22, 2008 07:59PM
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Apr 22, 2008 09:24PM

Re: PGE Assays

in response to by
posted on Apr 23, 2008 04:33AM

I tend to agree with you Milsy that the first news this week might be corporate in nature coincident with or quickly followed by assay results. I suspect that our NOT announcements will be coordinated with Neil's SPQ/FWR/KWG assay results. I think most of the two month delay has been lab delays - hopefully resampling to confirm the high %'s obtained from DE2. The last week or so delay may have resulted from trying to construct a new corporate entity or JV that combines some ROF resources. Any time you get more than one lawyer involved these things take a long time. John Defur's conversation with the FWR geologist indicated that Neil was working on a press release that will be out by the end of this week.

The corporate announcements will probably be the start of trying to engineer the "New Vision" that supports Richard's statement that "We eventually are looking to have control of 80% of the ring of fire".

Maybe I am too optomistic that we will have the start of a grandaddy JV to go along with DE2 assay results. I am just trying to explain the delays. Anyways we are looking for great assay results on DE2 and visuals on DE3 (and maybe DE4?) along with results from SPQ/FWR/KWG.

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