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: 2 goods, 1 bad.

2 goods, 1 bad.

posted on Jun 10, 2008 06:04AM

News release

1. Good. Dr Mungall on board.

Professor of Economic Geology.

I like that. Not just geology but geology to make $$$$.

2. Good. Dr. Mungall on board.

I assume this means his theory is proving to be correct. If not, I don't think they would want him to come on full tiime.

From the web site:
Geological consultant Jim Mungall, Ph.D, Associate Professor from the University of Toronto [states] "The large amounts of sulfide and of ultramafic cumulate make it absolutely clear that the Eagle One deposit has formed in a magmatic conduit. No magma could have carried the observed amount of sulfide in solution; therefore the sulfides have been left behind by a through-going volume of magma much greater than what presently remains in the intrusion. If the intrusion is accepted to be a conduit then it must be continuous over considerable distances likely measurable in kilometres."

3. Bad. Resignation of Mr. Robert Suttie from the position of Chief Financial Officer.

I'm feeling bad for Mr. Suttie. He's done a great job so far. They don't indicate what his job will be now.

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