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: NEWS: Noront intersects new chromite mineralization at McFauld's Lake Project

Great news, imo

Unfortunately hole NOT-10-1G184A was abandoned early and did not go completely through the zone due to poor ground conditions.... The airborne anomaly that was targeted is not explained by the presence of chromite and further work is planned at a later date to evaluate this discovery.

I, for one, am glad that they are not going to look at it for a while, but instead are looking at other targets, for other metals. Cliffs has a lot of chromite property already, for the next 100 years or so, so finding more really won't be a benefit. Just consider the Blackstone as another iron in the fire.

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