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: Who is working at ROF?
"There has been some word coming out of the bush that there is something signifigant under the chromite. Not sure if it is new or just found out from earlier drilling.-- crazyT CT: Back in the day, i regularly talked to Jeremy Niemi when he was vp exploration of NOT. This was before Paul Semple. I posted these Niemi talks at the time, FYI. I got an education from scratch, and still have Niemi drawings of the deep drilling targets being attempted at the time . This was during the time of >1100 meter holes. wedge drilling; lost hole /info and $1m cost per hole drill efforts. These deep drilling attempts were aimed at finding the inverted body of the buried elephant, one leg of which is currently resourced at apprx 20mt Jeremy exploration drilling ended ; costs saved new strategy phase began; Jeremy left;Another less costly (no more exploration) strategy was devised (underPaul Semple' FS pla:- drill the known ni/pgm targets from the 200-300 meter depth of the ramp during ramp construction with exponentially less cost and increased accuracy. I think these results are now less than two years away. It has been known for at least three years that the elephants body is under the 40T chromite resource already found, but getting to the elephant drill cost; FN and EA permissions; permitting; political con-census, etc now would take NOT strategy precedence. Enter Paul Semple and his execution of his FS plan/timetable . I have been waiting patiently for ramp construction start/ finish and those targeted ramp drill results from those extremely stable granite drill platforms 250 M down. Some recent events, factual and rumoured As Niemy used to say to me: "we know where it is". Semple told me much later that limited but very targeted deep drilling would occur with a cover story of no exploration, just verification of known targets to known anomalies in order to expand the known resource size. All of the above is from memory.... I didn't reread my old posts. CT, .. Your post has triggered this post from me and causes a question:- is the source of "some word coming from the bush" authentic/reliable?? In your opinion, might it just be just preliminary construction drilling for the base camp/ramp?? Peter
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