Quadrupled resource

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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Woodporter

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Quadrupled resource

posted on Aug 30, 2010 02:14PM

First, I will ask if it is even possible to have any idea of the resource size increase due to deep drill discovery. That would take much more than a couple of holes hitting ore, and timeline of the deep drilling program has had enough time for only a few assayed holes at best.

Secondly, given the better grades of the infill program, a resource quadrupling from the original 4 MT kind of fits.