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: One final thought that's been running around in my head...
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Memory was failing me, so I had to go back and review some of THE BIG SCORE.

They had pretty well figured what they had with the ovoid by the 8th hole. They had a couple of drills infill drilling on the ovoid and 2 more searching for the source of it. The infill drilling continued to prove up nickel, but always within the original boundaries, while the others came up dry hole after hole. It was not until the 166th hole that they got another sniff of nickel (remember these were all dry holes. There was no chrome or vanadium to keep the hype up). They hit 1 meter of massive sulphides in hole 166, then continued to hit bits and pieces (1-2 metres) until hole 202, when they hit 40m of massive sulphides.

I am not sure, but in total, I would imagine we are around 160 holes drilled to date, but that is only one of the similarities.

Regrds

K

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