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: One of our Major shareholders is Pinetree

An intersect from 80 to 90 meter on a 60 degree hole is a 70 - 80 meter DEEP intersection which is well in the ballpark of the accuracy of interpreting geophysics. Estimating the depth and horizontal position of an anomaly is a very imprecise science with a degree of hocus pocus thrown in (the interpretation of the results).



They may still hit another intersection in the targeted 100-150 meter depth but I suspect the anomaly will be explained by the massive sulphide horizon they already hit.





12 meters of massive sulphide would given a very strong response. If it is a VMS deposit the good thing is that they tend to have both length and depth so there is some real tonnage potential. Assuming no major faulting/displacement they also tend to be fairly easy to delineate.





The guys and gals that hold WSR/MTX should be happy campers over the next month or so as the results come in.





.... Been There (but doesn't hold either stock)





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