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: Ready for the next round
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Aug 26, 2009 10:28AM
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Aug 26, 2009 10:44AM

Aug 26, 2009 11:12AM

Rumors of 50 being barren and 51 being very good were circulated by some people that I trust. Hole 50 being 400 meters away and barren seems to have been confirmed at the luncheon so the first half of the rumors seems solid. Hole 51 was said to have very good mineralization...I choose to hold my shares till those rumors are proven one way or the other.

Wes did indicate to me that hole 49 assays came back in 6 weeks with him pushing very hard. He will not be pushing like this for these new sets of assays so I believe we will see a turn around time closer to 10 weeks from drill to NR. However, once these assays start coming back, we should get a steady stream of news.

Glorieux

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