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: How many drills?

How many drills?

posted on Jan 15, 2009 10:55AM

Sorry to continue to rehash this subject, but I have been reading old releases,etc, trying to determine where we are in this regard.

I am going to go out on a limb here and say that we still only have 4 drills in the area. These drills belong to (Orbit Drilling?), and were built by them for Noront and are under long term lease to them. The 2 old drills were leased from Cabo and are no longer in use there. One of them may still be on site as a backup as that was the last we heard from it, but it is not in service. I do believe that all the news release is saying is that 2 of these drills are going to be concentrating on increasing the chrome deposit. No doubt there is another release in the works which will update us on the nickel search and it may determine where the other 2 drills are being uitilized. I do not consider this good or bad, as the fewer drills the less the cost, and we have been told we are in a cost saving environment. Conversely, the fewer drills, the less holes drilled.

The above is simply the result of what I have dug up from the information available. It is not fact, merely my opinion.

Regards

K

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Jan 15, 2009 11:36AM
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