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: Platinum and palladium

Platinum and palladium

posted on Jan 17, 2009 05:58PM

"I don't beleive that INAA testing at McMaster has been looking for platinum and palladium, . Did we miss the ball here in not reguesting pge testing, i think that MNGMT new prior to the release that SPQ had returns of PGE's in its core, hence the our major resampling.... just my opinion." Notster

It is my feeling that the geos looking at the assays (NOT, FWR, SPQ) to this point, and with their growing understanding of the ROF geology, they know they will (possibly) find platinum and palladium between the chromite lens.

In the case of Spider Resources, Neil Novak (CEO) has chosen Micon International to do his 43-101 because they not only understand chromite, but they also understand PGEs. Since SPQ hasn't the same dollars as NOT, Neil probably has chosen not to spend extra money on assay testing for PGEs - since the money being spent on the 43-101 core assay work and infill drilling by Micon will cover assay testing not only for chromite but also for the PGEs.

If the geology for SPQ's Big Daddy find is basically the same as the chromite finds of NOT and FWR, then the general findings and conclusions found in the 2009 SPQ 43-101 could be extrapolated to cover NOT and FWR - just multiply a little bit. :)

IMHO

Snug

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