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: Infill drilling Rationale - Increased tonnage and PGE surprises

Hey guys - Here's a reminder of the text from the March 9th release:

"The extent of the mineralization now extends to a depth of approximately 1,200 metres from surface. The majority of the deposit remains open along strike to a depth of 1,200 metres and remains open down dip below 1,200 metres providing significant potential for further resource growth."

A key step to proving up this resource will be to establish its size in all directions (I know, I know- preaching to the choir). But...... one thing that hasn't come up in these discussions is the fact that our superb PGE grades came as a pleasant surprise from this very sort of infill drilling on the Eagle's nest lenses. Wouldn't it be wonderful if they could identify several more pockets of PGEs (or a whole PGE zone) as a result of this infill program?

Best,

Scott

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Apr 01, 2010 12:34PM
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