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: NR showing PT and PD nicely...

NR showing PT and PD nicely...

posted on Dec 01, 2009 09:24AM

As required by NI 43-101, the reader is cautioned that:

    <<
    -   the potential quantity and grade noted in the paragraph above is
        conceptual in nature
    -   there has been, as of this date, insufficient exploration to define a
        mineral resource, hence it's disclosure as mineralized material
    -   it is uncertain, at this time, if further exploration will result in
        discovery of a mineral resource.

    The following table summarizes the results of the five holes disclosed
herein:

    -------------------------------------------------------------------------
                        FROM    TO   INT.  MINERALIZATION  NI   CU  Pt   Pd
    HOLE ID              (m)    (m)   (m)  TYPE            %    %   g/t  g/t
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    NOT-09-053-W5       933.0 1020.6  87.6 Net Textured/ 1.83 1.84  1.44  4.2
                                           Massive
    -------------------------------------------------------------------------
                       Note NOT-09-053-W5 ended in mineralization,
                       reached drill depth capacity
    -------------------------------------------------------------------------
    NOT-09-053-W6       727.9  785.0  57.1 Net Textured/ 1.89 0.85  1.06 4.54
                                           Massive
    -------------------------------------------------------------------------
    NOT-09-064         1079.3 1132.5  53.1 Net Textured/ 1.94 0.95  0.60 3.85
                                           Massive
    -------------------------------------------------------------------------
    Including          1104.5 1117.7  13.2 Massive       4.98 1.92  0.07 6.71
    -------------------------------------------------------------------------
    NOT-09-068-W1       683.0  818.2 135.2 Net Textured  1.65 0.80  1.03 3.24
    -------------------------------------------------------------------------
    NOT-09-070-W1       607.6  630.4  22.8 Massive       4.41 2.38 28.07 7.95
    -------------------------------------------------------------------------
    Including           607.6  613.3   5.7 Massive       5.78 4.42 37.87 8.26
    -------------------------------------------------------------------------
    Also including      612.8  621.2   8.4 Massive       1.19 1.46 68.78 7.55
    -------------------------------------------------------------------------
    Also including      622.4  630.4   8.0 Massive       7.41 2.19  0.18 9.33
    -------------------------------------------------------------------------
    >>
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