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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I'm guessing, but what I think RN might of meant is how does its occurrence fit into an overall deposit model. Their previous NR, as I said, left me somewhat confused as to what working model they were using. I doubt that RN's comment had any connotations re its $value importance.

Its occurrence, as well as any drill hole information, including blank holes, provide important information to the geologist for the construction of a conceptual model which will form a scientific basis for future exploration strategies.



We have a ways to go. Don't forget the early "donut" model at Voisey's Bay! If you haven't read "The Big Score", I strongly suggest you get a copy and enjoy a leisurely read and await more positive news from McFaulds.



Cheers

geoprof

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