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: We waited a long time for just 5 holes

The hole I calculated is in the new area (not in fill). My comment relates to the situation say for example where in the 43-101 calculation the models suggest say 100 M at 3% and when you infill you actually find 75 M at 2%.... that is what costs you volume my friend. Don't mix apples and oranges. In fill drilling only increases volumes if the grade/widths are increased over the assumed model values.

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