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: Suspense

Suspense

posted on May 09, 2008 07:06AM

This is a great news release on DE1, it further legitimizes the orebody. However there was mention that the orebody is irregularly shaped which makes a precise estimate of reserves a bit harder but nothing a few holes won't fix. The boundaries between ore and hostrock seem to be very distinct. This release dealt with 31 sections of seven holes. There are 760 samples that we were waiting on and this was probably a small percentage of them. This press release was somewhat easy because they were infill holes and no halt was required. The next release is dealing with a far greater volume of data on a new orebody and in my opinion will require a halt due to it's significance. The suspense on the next release, hopefully next week, is killing me. We have had a hint of what will be, we just need the beef to get us to where we should be.

Mike

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