Boatboay's NR.

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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donypee

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Boatboay's NR.

posted on May 05, 2008 05:19AM

The property has been staked over the largest gravity anomaly in the McFauld's Lake area. This anomaly is of sufficiently large size and amplitude to suggest that it is a mafic/ultramafic body that could be the central intrusive source for the massive nickel/copper mineralization recently found by Noront. This interpretation would be consistent with the Noront mineralization occurring as an offset dyke from the main intrusive center similar to offset dyke deposits in the Sudbury basin.