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: Plans for roads to Ring of Fire development in limbo with inconclusive study

"When asked whether any federal infrastructure money will go toward the Ring of Fire, a spokesperson for Infrastructure Canada said this week that it has not received any applications related to the development from the Ontario government.

Michael Gravelle, Ontario’s Minister of Northern Development and Mines, confirmed in an interview that no application has been made. He said that’s because Ontario won’t submit a request without the support of area First Nations and the province continues to negotiate with them in an effort to reach consensus.

“There’s still some important discussions that are taking place,” he said. “I continue to be optimistic that we can find a resolution whereby recommendations will come forward related to the road structure. ... I can’t see us moving ahead without the support of the First Nations.”

Mr. Gravelle said the province is also pressing the federal government “pretty hard” to match the $1-billion promised by Ontario."

http://www.theglobeandmail.com//news/politics/plans-for-roads-to-ring-of-fire-development-in-limbo-with-inconclusive-study/article31555369/?cmpid=rss1&click=sf_globe

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