chrome assays

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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khareema

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chrome assays

posted on Dec 15, 2008 07:57AM

Much has been posted about the length of time required to process our chrome assays. The report from SPQ/FWR today is a good example of a very confusing set of questions raised.

SPQ/FWR has one drill working. FWR has one drill working. NOT has four.

Spq/FWR has had two reports out of hits since mid August. The time from hit to assay reports was 63 days and 80 days respectively.

FWR has had three hits since mid September. The first two reports took 71 days and 80 days respectively.

We here have had (four ?) drills turning during this time, and have had one semi report of a hit. I am of the understanding that NOT should have priority at the labs, since they financed the startup of it. This won't apply to chrome as it is a different lab, but the confusion remains.

I know I have stated that there will be little movement before the new year, (and the word is that there is still a blackout?), but if the SPQ/FWR hit is causing the run up here, then imagine the result if NOT was to come out with some news.