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: Doing some Trig

Assuming a pretty standard 60 deg collar angle and about 275m of surface projection that would put the northern hole 1G243 mineralized zone towards the last 1/8th of the hole on the north boundary of FNC. I suspect that the rumour of "on the FNC boundary" hit pertained the 1G243 drill hole.

Maybe all that quite time at NOT and FNC had to do with negotiating a deal on the property

Geologically both hits open up significant exploration potential and mining potential. On the exploration front anything that helps dial in a geological/geophysical marker makes the job significantly easier .... just a little less blind. Any anomaly that has that signature anywhere near the Eagle Nest (old Probe property???) is going to get (is probably being) drilled as a much higher priority. Similarly any mineralization that is in close proximity to the eventual mine shaft is going to get mined as long as the revenue per tonne exceeds the mining and processing costs.

.... Been There

PS. Curious point ---- 37m mineralization zone from 384-421m doesn't agree with the assay values of the table included in the news release.

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Feb 07, 2012 04:38AM
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Feb 07, 2012 11:08AM
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