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: assays result : some already take more than 100 days

assays result : some already take more than 100 days

posted on Aug 25, 2008 08:36AM

Reasons:

1.Noront keep them and will announce when the time is right..(as many in our forum speculate)

2. Noront assays requirments are very different from other companies: ( the potential big partner will not have any doubt on assays result once entering negotiation)

a/ reference ( monitored )samples ,

b/10% are placed to second lab

c/ when materials are in upper limit, retest is needed

Take much more time..may be 120 days in each cycle

3. During # 2 process, the result do not match with the original???

( that may be the worst scenario )

4. April 25 news : 19 drilled holes had 776 samples ie: ~40 samples per hole, as we are drilling three times deeper, each holes has 120 samples to be tested, = longer period for each hole.

5.Unexpected backlog in labs in summer time

6.we only can deliver holes sample once in every month..as drillers/helicopters are in high demand



BH





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