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: Dwight Duncan-Fall Economic Budget

The Fall Economic statement was given by Dwight Duncan today.

Here is the link to the 138 page PDF. IT will take a bit of time to open.

Ring of Fire is mentioned on page 16 of the Document.

http://www.fin.gov.on.ca/en/budget/fallstatement/2011/paper_all.pdf

From page 16:

Mining and Opportunities in Ontario’s Ring of Fire

The mining sector is a major employer in many areas of northern Ontario

as well as Ontario’s second-largest source of merchandise exports, after

autos. Employment in northern Ontario’s mining sector (excluding oil and

gas) increased by over 1,500 jobs between 2010 and 2011 (year to date).

Ontario’s Ring of Fire, an area of the Far North with potentially large

deposits of important minerals such as chromite, nickel, copper and

platinum, presents a unique mining and economic development

opportunity. The Ring of Fire Coordinator is actively working with

industry and residents of northern Ontario to facilitate sustainable

development of this resource. A number of companies continue to move

forward with advanced planning for mines and infrastructure. At the same

time, the government is working directly with First Nations communities

to improve community relationships and engage in capacity building.

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