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: This is NOT low grade.
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This is NOT low grade.

posted on Oct 27, 2009 09:30PM

It would have been called that in the days of $300 gold. Now is a different era.

Example: Osisko's Malartic, (OSK at TSX) just a hop and a skip straight east from Ring of Fire into Quebec, has similar grades and they are in the process of building a mine.
Anything that is at or over a gram of gold per ton is economic. All that is needed is fair sized widths and overall quantity. The holes quoted would be highly desirable by any gold explorer. Hole 51 is a prime example.

My question is - 44 holes and hardly a peep!
These specific holes in themselves are not for me, but the news of this resource is a Barn Burner.
What this tells me is that this company has another bull in the pen by the name of Gold.
Again I say some of you here can not recognize a diamond in the ruff.
Sad.

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Re: This is NOT low grade.
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khareema
Oct 27, 2009 10:03PM
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