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: Re: Here's my take. 6th drill.
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Jun 18, 2010 10:07AM
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Jun 18, 2010 10:39AM
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Jun 18, 2010 10:52AM
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Jun 18, 2010 10:59AM
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Jun 18, 2010 11:06AM

I agree. They have moved the drill from AT12.. I take this not as bad news but good news as they drilled there for 2.5 months.. You can drill alot of 500m holes in 2.5 months. Also they just want to know the proximity of the deposit there. They are not looking to put it in the 43-101 right away. They know there is lots of Ni they have good drill results so why not move on to find other deposits. Finding new deposits would add more value than drilling more holes into AT12. The Ni is there we know that. The last 3 drills hit increasingly higher values. So i for one am pleased they are drilling other high priority targets.. Would you rather only have 2 deposits and prove them up or have 10 different know Ni deposits? I take the latter.. TTY

- NOT-09-2G32 intersected 48.4 metres averaging 0.74% Ni, 0.25% Cu,
0.30 gpt Pt and 1.19 gpt Pd;
- Including 10.2 metres averaging 1.38% Ni, 0.51% Cu, 0.51 gpt Pt
and 1.34 gpt Pd
- NOT-09-2G33 intersected 42.8 metres averaging 0.81% Ni, 0.19% Cu,
0.39 gpt Pt and 0.92 gpt Pd;
- NOT-09-2G37 intersected 3.0 metres averaging 4.71% Ni, 3.08% Cu,
0.77 gpt Pt and 4.29 gpt Pd.

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Jun 18, 2010 11:53AM
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