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: NOT/FWR JV info

I wonder if some of this delay in drilling is attributable to these new VTEM survey results, and a rethinking of previous Geophysics Surveys.

JD,

these VTEM maps are NOT NEW - maybe new to the board because I posted them 4 days ago on the FWR board (for the first time, as far as I´m aware) - but they originated from a company presentation that Mac Watson and Don Hoy of FWR did back in May 2008 in New York (see p. 25/26):

"Wall Street Wonders Presentation"

http://www.freewest.com/_resources/W...

So they can´t be a reason for a delay in drilling because this information would have been available since May.

But I agree that VTEM (plus INFINITEM) seems to be the key survey for the RoF because of its ability to detect deep targets (>1km) even with conductive overburden and beeing more precise compared to AeroTEM surveys (see my previous post on VTEM).

And that´s why FWR detected Noront´s AT-12 with this VTEM survey and reported the find, which didn´t show on Noront´s previous AeroTEM surveys.

And for the "Blackbird search" (downhole) gravity surveys seem to be the key, because chromite doesn´t have a very strong magnetic susceptibility (not really detectable with EM surveys) but a very high density compared even with ultramafic rocks.

My conclusion is that these two surveys seem to be the best choice to have a high success rate in locating the two main deposit types found so far in the RoF.

And I´m pretty sure, the company Geos are way ahead of all of us because they have far more information and knowledge, so let them do their job !

Caution: and be sure that most of the publicly available maps DON´T show the "real" picture (i.e. see NOT/FWR Anomaly JV maps).

FANTOMAS



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