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: What's the good word now Glorieux!

Aussie1, you said:

$875K won't get you to many holes in that neck of the woods. I hope they're spending more than that before the drill season is over?

All you have to do is look at the the recommended budget breakdown as provided by P&E Mining Consultants Inc.

P&E is recommending that Noront drill 2500 metres to deliniate AT12. I suspect that if further drilling is deemed necessary, you can be assured that Noront won't stop at 2500 metres.

I for one and I suspect Noront as well values the recommendations of P&E. IMHO, they are both more qualified than any posters here doing the second guessing.

Cheers,



Milsy1

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