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: Looks like resource tripled

Looks like resource tripled

posted on Mar 09, 2010 07:12AM

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http://www.cnxmarketlink.com/en/releases/archive/March2010/09/c8075.html

The Eagle's Nest deposit has more than tripled previously reported
resources, and now contains:

	    <<
	    -   Indicated resource of 6.9 million tonnes grading 2.04% Ni, 0.95% Cu,
	        1.3 gpt Pt and 3.4 gpt Pd;
	    -   Inferred resource of 4.3 million tonnes grading 1.42% Ni, 0.87% Cu,
	        0.8 gpt Pt and 3.4 gpt Pd;
	    >>

	    At a 3.0% Ni cutoff, blocks included in the resource are:

	    <<
	    -   Indicated: 1.3 million tonnes grading 5.31% Ni, 2.16% Cu, 2.8 gpt Pt
	        and 7.6 gpt Pd;
	    -   Inferred: 0.3 million tonnes grading 4.60% Ni, 1.17% Cu, 0.6 gpt Pt
	        and 6.3 gpt Pd;
	        Note: The resource at a 3% cutoff stated above represents a
	        tabulation of blocks above a 3% nickel grade.
	    >>
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