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: NR on 43-101

NR on 43-101

posted on Apr 26, 2010 12:26PM

I dont like this statement.. Delays suck... TTY

The deep drilling program at Eagle's Nest has been delayed by approximately two weeks, due to difficulties faced by our drill contractor, Forage Orbit, with travel logistics into the Camp and in locating specialized crews necessary to operate these new drills. Both deep drills are now on site and are fully

crewed and deep drilling has begun with one of the drills. Our current plan is to extend hole NOT-09-049 as deep as possible and once again utilize it as a platform hole for down hole geophysics. Given the depth of the planned drilling, the Company cannot reasonably determine if this deepening will or will not follow mineralization. Follow on holes will be contingent upon the results of this hole. While there has been a slight delay in the deep drill program, we do not expect it will prevent the Company from completing its planned drilling for 2010 nor do we expect it will delay any of the engineering studies planned for Eagle's Nest."

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