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: Re: The rumour?
26
Nov 17, 2008 05:04AM

I am told that the hit below Eagle 1 could go 3 to 5 million on its own.

I tend to agree with Canseco. They are concentrating or have been at the E1 anomaly. As was mentioned on this forum many times, they should have remained there and kept drilling at depth like they are now.

The news of a second anomaly under E1 would have been spectacular news 6 months ago rather than read about no hits or few hits, thats regarding nickel. The Chromite is good of course.

It is a very odd situation to be in I must say. Here we have from what I understand up to this point, a huge Chromite find which will probably marvel any in the world. The fact that not too many in the business is too familiar with the mineral is mind blowing to say the least. Everyone should be well versed in Chromium deposits by now. This is a guaranteed mine down the road and that is excluding the pgms.

We have a ring more than 100 kms across. Just think about this for 1 minute.

In 1 year we have hit E1. We have hit on a few other anomalies. We have found more chrome that anyone could imagine, WSR and area plays are hitting as well. All this and we are still trying to figure out the area. This is all in a year.

What will we be discussing at the end of this next year? How much more will we find? Does this anomaly beneath E1 represent the beginning of our path to the motherlode? Or will FWR or FNC wind up finding it? How much will Probe's claim blocks be worth around E1 if the second anomaly holds true?

Lets get to the professor. Mungal I believe it was who stated that the ROF should be viewed a special way. it is suggested that the E1 anomaly was akin to an elephant's leg upside down. They surmise that there is a herd of upside down elephants in the ROF. I think it was QQ who had an avatar of a heard of elephants.

This might still come to pass. We don't know yet. perhaps the heard is huddled together under E1.

We have so much to learn about this area.

Don





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