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: NEWS - Noront Options Out the Inner Northern Rim Property to Passport Metals Inc.
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This is a Summary from last 9 months news:

Noront JV with 1st year commitment plan to drill



Passort 450,000

Bold 600,000

Hawk 1,000,000 started

Intrinsic 1,300,000

Seafield 600,000

Southampton 1,000,000

WSR 1,500,000 very soon

Lund 1,000,000

FWR Shared very soon

Tme and Baltic Shared

Golden Valley + WSR 1,000,000

total 11 > 8,000,000



From Hawk April news, they mentioned Hawk will be using one of the three drills from Noront....

From Snug's message in SPQ forum, Neil mentioned SPQ is spending around Cad 400,000/month if drilling takes place...( let assume 4 holes /month,each hole costs 100,000) we will have.. may be.. 80 holes from JV discounting the collectively effort/cost spent in geophysics

The coming months is going to be very interesting...some of "street rumors " will definitely become facts...

BH



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