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: Bulls eye stuff

Bulls eye stuff

posted on Aug 14, 2009 10:30AM

What a coincidence. My previous post from Jim Sinclair talks about a November Bull's eye..talks about jumps to commodities. We've been wondering for sometime why the stalling at the Noront JV with Freewest. "Come on guys" drill the bugger we've been thinking. How smart these guys are to wait for the Nov. Bulls eye to do their bull's eye stuff. So, they start drilling late Sept. and by the "bull's eye time frame have a great opportunity to release "timely" news at during the perfect storm. Love those bulls and their eyes.

Jim Sinclair Writes:

"Add this all together and you get a November bull’s eye for a loss of confidence in the US dollar internally as well as externally.

Pandora’s Box is open, only to be closed by markets as the downward spiral goes to its practical end, a return to commodity money."

FREEWEST-NORONT JOINT-VENTURE PROPERTY:

In other developments, Freewest is currently planning a fall exploration program on the 55.8 hectare property jointly held by Freewest Resource Canada Inc. and Noront Resources Ltd. The joint-venture property (FWR-NOT JV) covers a prominent bull's eye-shaped magnetic feature resembling the magnetic anomaly associated with the Eagle One deposit situated some 7 kilometres to the southwest of the former. The circular magnetic feature on the FWR-NOT JV property is also coincident with a conductor defined by an AeroTEM II airborne geophysical survey and a series of weak conductors recently defined by a moving-loop ground TDEM (Time Domain Electromagnetic) survey.

It is envisaged that an initial exploration program will involve the completion of limited surface Pulse Electromagnetic surveys (by Crone Geophysics and Exploration Ltd.) over the magnetic feature, to be followed by preliminary shallow drilling of the target. Once the geological setting has been established deeper drilling and borehole Pulse EM surveys may be warranted. It is anticipated that the surface Pulse EM survey will be completed within the next few weeks with initial drilling slated for late September.

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