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: Must be discussed - different samples, WORLD-CLASS
10
Dec 08, 2009 10:01PM

Same hole, different samples (and intervals?)

  1. 0.5m returned a rhodium grade of 2.19 gpt with 312.0 gpt platinum
  2. 0.15m returned a rhodium grade of 3.13 gpt with 943 gpt platinum

I doubt that 2. is a subset of 1., since the usual methodology is to split the cores and ship half to the lab. Yes, it's a stunningly high concentration of Pt. I think that they compare quite favorably to similar deposits anywhere in the world. See the reference http://petrology.oxfordjournals.org/cgi/content/full/44/10/1787

Mr. Hansen appears extremely pleased with the Rhodium, too... top 25% in the world. From the NR, "rhodium grades are within the upper quartile worldwide albeit, over a very limited area".

And to go a bit blue-sky on this, the cores are going to be re-sampled for the *other* -iums: There "will be a complete resampling of the entire mineralized interval in hole NOT-09-070-W1 for the additional platinum group elements including rhodium, iridium, osmium, ruthenium and rhenium. The Company anticipates this analysis to be completed in the coming weeks and results will be reported when available."

Very exciting!

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