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: NOT/UC JV

Re: NOT/UC JV-FANTOMAS

in response to by
posted on Oct 26, 2009 06:14PM

With all due respect, the "proxy" issue is long behind us. VMS deposits are not the focus presently for NOT. The airborne mag suggests that the rocks in this area are intermediate to felsic volcanics, a horizon which was originally used to delineate the "red line", or the ROF. NOT still retains an interest, but does not have to contribute $$ right now........a good strategic move by the BOD in my opinion.

Lets see if the two BOD's can come up with a similar arrangement re the NOT claims southwest of AT4 and UC et al's McFauld's West claim group for their Au potential.

Respectfully submitted

geoprof

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