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: 4 drills now working on NOT territory

Thanks Bernard,

Good info and just to follow up on your point re the BMK drillers. I was sure this spring that by the way things were moving with jvs all over etc.. I thought we would get an NR at least every week from one or another of the plays in the ROF. On the contrary, Probe is through until October. All we're waiting for, of all the jvs is news from FNC.

We won't hear from NOT re drill results for a while because of their policy for accuracy. It seems that everything NOT is at least double tested. So the turn around from Actlabs is 2 weeks but now we have this other delay anyway.

I guess the one consolation is that without Actlabs it might be that much longer a wait.

Another point. I think the markets are changing. I believe in those positive analysts. With a better market I wouldn't be surprised to see the news and NRs being released in a more timely manner.

Don

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