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: Hey Herb.... Hate to tell ya .....

"I do not expect the 'Elephant body' to be at 2000 m but a bit deeper."

That is a reasonable assumption. Ed, and what does it tell us? We have 11m+ tons of ore to the 1200m mark, and that will no doubt be improved to some extent with infill drilling. It is also improving in size as it goes lower. It is also a safe assumption that this mineralization is coming from somewhere down there, so we either have a longer elephant leg, or a shorter one and the body. I understand these drills could be used a deep as 2400m if the ground is right. The parameters suggested by this is that these drills should be capable of extending this tube down to 2000m, and increase the mineralization to 20+mt, or we will hit the body of the beast, where there is no upper limit to what we could find. Rather a nice situation to be in.

Best regards

K

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