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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DE1 43-101

posted on May 05, 2008 05:10AM

Morning all

From past NR's, 6 of the cores coming from SGS (this week?) are to allow Noront to complete the initial 43-101 resource calc. for DE1. This report IMO should have a major impact on the share price (in a good way) as many funds will hold off on buying untill there is a resource calculation in place.

Can any Geo's/Eng. on the hub comment on the typical time required to prepare a 43-101. It would tend to make sense that Noronts engineering people have already been working on the 43-101 based on the 30(?) holes they already have data for and are chomping at the bit for the data from the final 6 holes.

Appreciate any input from those knowledgable in the 43-101 process.

Cheers & GLTA

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