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: What's going on?

What's going on?

posted on Oct 28, 2009 10:46AM

Let's see

1) they have a NI 43-101 on eagle one....includes only 1A portion of the eagle's nest

2) they have discovered under eagle 1A what was first thought to be 2 lences....eagle 1B and 1C.....now they believe these two lences are joined to make one lence...they anticipate X3 the original resource estimate (that was before the new theory of these lences being joined)

3) the eagle's nest has been drilled to 1000 metres and is open at depth.....they have brought in 1500 meter drills to test this to further depth...they now have 4 drills at eagle's nest

4) the grades of nickel, copper and PGE's appears to be remaining consistant in the lower sections (massive sections of NI > 7% and high values for CU and PGE's)

5) they have another NI, CU deposit called eagle 2...in close proximity to eagle two, we also have chromite deposits named blackbird's 1 and 2....the blackbird deposits contain massive chrome which can be brought to market with little or no additional work...a 43-101 is expected on the blackbird deposits before year end...recent testing by FWR on their chromite suggests there are material amounts of gold and PGE's mixed in with the chrome

6) another discovery was made in the area of vanadium & titanium...early stages, but the deposit appears large

7) the company has made an offer to buy FWR....FWR so far has two very large and massive chromite discoveries in the area.....and a third for which they have JV partners...a large U.S. company (Cliffs) has taken a 10% interest in FWR and has also bought into KWG, one of the JV partner's on the 3rd chromite deposit....it appears lands have been staked to allow for road or rail access to the area

8) some NI, CU, PGE's were found in the AT-12 area by both NOT and FWR....NOT is currently moving one drill to this area for further work

9) other companies drilling in the ring of fire include FWR, UC, BMK and others...a JV between NOT and FWR is now drilling the bull's eye target...originally felt to be quite similar to the eagle one deposit based on various preliminary testing

10) from the recent news, it appears we now have a well defined gold deposit which has the potential to stretch for over 1 KM through areas containing NI, CU and Chrome

11) from the recent news, it appears the eagles nest deposit at depth is expanding in strike length and width....interpreted by some as a 100 meter step out

12) gold and PGE prices have been trending up for a few months now....base metal prices also trending up

So much going on....I'm sure I've overlooked something...feel free to add to the list

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