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: didn't finish post

I don't know what happened... but, I think I pressed a button by accident and my last post was sent before I was finished with it.

The workings in the energy dept. are progessing nicely.

My last post addressed coal plants being converted into Natural gas fired. In the article pay special attention to the words,"

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"OPG put out a biomass procurement call for potential suppliers last March to give the utility a better handle on fuel costs as part of the plan to do the Atikokan modifications.

“It will form an integral piece of the business case that we need to develop before getting ultimate approval (from the Energy Minister),” said Fralick.

With one generating unit at Atikokan, the estimated wood pellet supply will be 90,000 tonnes a year, between one and two per cent of the allowable yield in the forest industry, said Fralick.

The government expects to create 20 to 25 jobs in wood pellet production and sustain other forestry jobs.

Mauro harboured some doubts about the supply and cost of biomass, but he’s satisfied enough research has been done to show that an abundant supply is available."

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I bring this up because if you go into http://www.peatresources.com/

On the left hand side you will see:

Coverage of the Ring of Fire

mining development in northern Ontario by ResourceWorld magazine (Volume 8/5, May 2010) includes a side-bar article about Peat Resources Limited. For your interest we are pleased to forward a copy of the article.

When you click on the arrow it will download some interesting information to read.

Now the Ceo of Peatresources, Peter, Telford,

Peter G. Telford, B.Sc., Ph.D.

President and CEO, is the former manager of Ontario peat resource inventory program (Ontario Geological Survey) and has held senior positions with Ontario Ministries of Northern Development and Mines, Environment and Energy

So, I guess he knows Michael Gravelle well!

Looks to me like things are moving along very well in the Peat/Biomass energy dept. because on Dec. 8 there was this JV announced. When you go back to the P&A that Noront released last year, you start to realize that the infrastructure sharing that Noront proposed is very real.

Peat Resources Limited and BioEnergy Inc. Sign Letter of Intent

  • On Wednesday December 8, 2010, 12:31 pm EST

TORONTO, ONTARIO--(Marketwire - Dec. 8, 2010) - Peat Resources Limited (CDNX:PET.V) and BioEnergy Inc. are pleased to advise that they have reached agreement through a Letter of Intent to collaborate on technological research and development. This work is intended to lead towards the establishment of a Joint Venture to develop advanced biomass processing technologies and products derived from peat.

Peat Resources Limited is active in Newfoundland and Ontario and holds rights to large peatland properties in both provinces. The company has designed an environmentally acceptable harvesting and processing system to supply peat fuel to utilities and other industrial facilities for heat and power generation, and has established a small-scale peat fuel processing facility in Stephenville (Newfoundland).

Based in Nova Scotia, BioEnergy Inc. is developing new technologies for biomass densification and torrefaction processes for the manufacture of specialized biomass products, derived from peat and other materials, for energy generation, water purification, gas purification and other applications.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts

Peter Telford
Peat Resources Limited
President and CEO
416 862-7885
416 862-7889 (FAX)
peatfuel@peatresources.com
www.peatresources.com

Barry MacLean
BioEnergy Inc.
Vice President
902 564-9229
902 564-8474 (FAX)
bioenergyinc@seaside.ns.ca
www.bioenergy.ca



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