Deep drills and regional targets

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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IAMSUDBURY

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Deep drills and regional targets

posted on Jul 31, 2010 10:03AM

Quote from last paragraph in the June 3 2010 release

EXPLORATION UPDATE:

Plans for 2010 remain focused on completing the infill drilling and testing the Eagle's Nest deposit at depth. The Company has commenced drilling at prioritized geophysical targets proximal to the Eagle's Nest deposit. Currently we have six drills operating with five dedicated to the Eagle's Nest program. The sixth drill will focus on regional target follow up.

Currently have 6 drills operating 5 at eagles nest...well dosen't that tell us that the technical problem we have with deep drills per last release is a new problem or same problem as to why the start up was so long.It clearly states here that they are drilling using the deep drills as per June 3 2010.Also the six drill is drilling regional targets, so the new targets have started to be drilled 2 months ago.If all six drills are operating as of June 3 2010 then we will see deep drill hole assays soon...and with new targets being drilled 8 weeks ago, and JJ stating it takes 10 to 12 weeks for results...August should be fun!