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: back to drilling
17
Feb 02, 2011 03:32PM

The black creek chromite claim belonged to PRB 100% as well as the northwestern claim less than 400 metres from noront,s eagle 1 property.Over the years,Nemis tried to negotiate a JV deal with PRB but failed until Wes took over and successfully brokered the JV deal.Why David Palmer agreed to it is also a mystery to us shareholders although probe had the funds to explore the properties on theIr own at the time.In 2008,PRB drilled that claim to 400 metres deep and founded nothing significant and subsequently abandoned the drilling all together.I believe that NOT had a lot more geological info regarding the claim than probe does and they refused to drill on it until a deal can be made to swap deal with the chromite claim.You are right on with your question:why aren't they drilling over the northwestern claim now?

13
djo
Feb 02, 2011 05:35PM
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