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: Re: About PRB
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rav
Jun 07, 2008 10:34AM
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Jun 07, 2008 11:21AM

While we are all taking turns speculation, my conjecture, based on the evidence below, is that someone messed up on defining the boundary lines between PRB and NOT near the eagles.

I think PRB has already spent a good deal of money geosurveying etc., and until the boundary dispute is clarified they don't want to spend any more money.

They also want to know what NOT will pay them for what they've done already, especially is some of that work drifted close to or over the boundary line.

Who know? Fun to guess.

====== The Evidence (slim) ========

As reported by TCP

there is an issue with PRB and what they claim they have staked.

NOT press release

Noront confirms that it has had some discussions with Probe regarding the potential disposition by Probe of all of its land holdings in the McFauld's Lake area.

PRB press release

ongoing discussions with Noront Resources Inc. Noront owns ... ground previously held by Condor Diamond Corp. and Greenstone Exploration Company Ltd., immediately south of Probe's 100%-owned McFauld's West property.
Probe and Noront are reviewing their ownership interests in these lands, ...work undertaken by each company on these properties, and the history of their contractual arrangements to determine [a] strategy for the ownership....
In light of these discussions, the drilling program scheduled to commence on the McFauld's West property is being postponed

BK

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rav
Jun 07, 2008 06:21PM
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