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: From August 18 43-101

In addition to the exploration work, it is recommended to construct a semi-permanent airstrip, as the current one is on McFaulds Lake which necessitates skis in the winter, floats in the summer and during spring break-up is not accessible. Currently the camp houses temporary facilities and a new camp more appropriately sized to house the large numbers of people should be built. A budget of $1,750,000 should be allotted for this. The proposed budget is presented in Table 18-1.

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