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: A little disappointed...

I'd be surprised if the office was even open this week.

There was a definate window before the 25th, where news could have had an impact, but probably nothing now till the end of next week.

They will pretty much have their winter programs all laid out ready to go, and drilling would likely commence by mid month. That alone would justify a news release, and one could hope they would provide an update along with it. A lot of answers will come with their plans to either continue local exploration, or move everything back to AT12. I just have a hard time understanding their spending 3 mill on a drill program if the first hole or two were dusters.

And then there is the question of an upgraded road. Will they just do normal opening of the road, or put some extra work into getting equipment and supplies in to allow summer work to commence.

Best regards

K

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