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: NI 43-101 coming this quarter! -bananaboy (accuracy)

I would like to see a bit more attention paid to accuracy.

Exactly !

There are two different versions of NI 43-101 reports :

1. NI 43-101 Technical Report

(this is the version from Micon on Big Daddy , FWR/SPQ/KWG which can be found here:

http://www.spiderresources.com/pdfs/NI_43_101_Micon_report.pdf )

Note that this contains NO resource estimates !

2. NI 43-101 Economical Report

This is the one which contains a NI 43-101 compliant resource estimate and the one most people refer to when talking about NI 43-101 reports.

If Noronts statement is using this terminology then they are right :

There is NO NI 43-101 ECONOMICAL REPORT existing for any Chromite deposit in the RoF yet.

And Noront will release such a report in the near future and therefore will have the first such report on Chromite in the RoF !

Just to be accurate !

FANTOMAS

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