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: accept to wait Not-Fan (a-1)
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Nov 26, 2010 11:20AM

God afternoon my friend: While the basic geology of the windfall may be just what you visualize, what about the Escondida and the others?

The results posted for the Escondida were the av. of 23 different asays of each of the minerals, showing a strong vein structure. According to my last bit of data, at 90 ft the vein structure was a 3 ft lens of massive sulphides within a 12 ft vein. A 6 ft vein contains replaced mineralized nodules which increase in depth.

The high Au assay was 171 grams (5.3 oz), the low 2.8. average 24 grams

The high Ag assay was 114 grames ( 3.66 Oz) the low 10. Average 29 grams

Cu high asay 342 ppm low 72. average 137.6

Pb high assay 1859 ppm, low 147. average 567

Zn high assay 5191 ppm, low 510 average 1460

This in a mine that is only 500 meters from a paved all weather, state maintained road with hi power lines along side of it. Only 55 kilometers to a RR shipping sideing, and 70+ to a modern major city.

There has to be a reason that Noront optioned it for $ 175,000 Cdn in cash and 300,000 shares for it Relative value = $370,000 Cdn.

What about the others? These could develop working capital for the ROF with relatively minor development / operating costs.

Don Jose de La Mancha

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