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: Next release should be an update

"It is my belief that one of the drills will be lent to PRB for deep drilling on the PRB/NOT JV property just northwest of Eagle 1."

Brutus, this makes a lot of sense. I hope it happens. PRB will only drill north of Eagle if they have a lot of confidence that they will hit nickel. The PRB/NOT JV (50/50) is approx. 400-500 meters north of Eagle so the drill would certainly be close to begin with. I've heard that PRB drilled the area previously without a hit. Deep drilling may be the answer.

I am thinking that just an announcement of plans to drill there should give both PRB and NOT a nice pop. then, if they end up hitting nickel, both should take off. Since PRB has so few shares in their float, PRB's increase should be higher, % wise. Since it would add to critical mass of making Eagle area mining economical, NOT should benefit very nicely as well. It's win/win for both companies.

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