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: Our Chromite - CMP

Our Chromite - CMP

posted on Sep 24, 2008 09:35AM

Good post CMP. To take it a step further, please find denoted below a table that includes all assayed holes to date for the Chromite. (including hole 1G31)

I have caculated weighted averages for the Cr2O3%, Cr%, Fe% and the Cr/Fe ratio. As you can see, to date we are not at the 40% Cr2O3% nor are we at the 2:1 Cr/Fe ratio.

Having said that, our average intercept length for the assayed holes is 57.8 metres which is huge indeed. Keep in mind that this average intercept is for these assayed holes only and does not include hole 1G69 (visuals only) that has 192.8 metres of mineralization by my calculations. Also, Fwr's recent 100 metre intercept is great news indeed. Although I do not own any FWR, I am hopeful that they knock it out of the park. Can only be good for us as well.

Cheers,

Milsy1

Hole ID From To Int Cr2O3 (%) Cr (%) Fe (%) Cr/Fe
NOT-08-1G17 192.1 241.5 49.4 39.1 27.4 11.1 2.47
NOT-08-1G20 234 246.4 12.4 10.2 7 10.7 0.65
followed by 246.4 285.7 39.3 31.6 21.6 16 1.35
including also including 246.4 264 17.6 28.2 19.3 15.9 1.21
including 264 285.7 21.7 34.4 23.5 16 1.47
NOT-08-1G24 310.7 368.2 57.5 40.4 27.5 15.8 1.74
including 324 364.5 40.5 42.3 28.9 15.8 1.83
NOT-08-1G25 374.1 416.7 43.6 24.9 17.1 13.9 1.23
including 387 416.4 29.4 29.3 20 15.2 1.32
NOT-08-1G28 355.5 425.1 69.6 39.6 27.1 14.9 1.82
including 365.2 413 47.8 51.1 34.9 17.1 2.04
NOT-08-1G31 337.5 412.5 75 38.2 26.1 15.2 1.72
including 373.5 385.5 12 58.4 39.9 15.5 2.57
TOTAL INTERCEPT 346.8
AVERAGE ASSAYED INTER 57.8
WEIGHTED AVERAGE Cr2O3 35.6
WEIGHTED AVERAGE Cr(%) 24.39
WEIGHTED AVERAGE Fe(%) 14.42
WEIGHTED AVERAGE Cr/Fe 1.69
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