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: FNC news from Stockwatch
9
Dec 19, 2008 11:10AM

the holes have chromite and some trace other minerals - still a viable target for future drilling after the assays come back...

however - the primary focus is now back to eagle 1 environs... i believe the run up in NOT has to do more with Eagle 1 than At12 - but i do not know that for 100% accuracy... Just heard that after hole 44 which showed visuals below hole 5 on eagle 1 - that NOT has had more activity in that area looking at deeper holes

My guess is that the latest action and rumours say that they are finding more NI/CU.

Given the latest interview from the Co - Ceo's saying that Eagle one is a stand alone viable ore body and requires more attention - that was in essence a hint - maybe just wishful thinking on my part but then again.

Apparently the Eagle 1 has the formation of Ultrabasic rock (where Massive sulfides are located) contacting Granite and Fancamp seemingly has a target with a similar formation that is screaming to be drilled at depth.

Eventually as Eagle 1 is enlarged at depth - the NOT - At1 targets and Fancamp C-1 targets need to be explored in greater depth.... the logical outcome is the consolidation that the board has been mentioning... Fancamp is strategically situated adjacent to NOT and wants to prove up some NI/Cu/PGM's so that the share consolidation ration is a bit more fair....

So for now wait for the assays on C-5 (Chromite - ho hum!) but watch the January drills and news from NOT.

Have a nice weekend



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