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The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.

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Message: When might we see this news? ......and will it be news?

When might we see this news? ......and will it be news?

posted on Feb 05, 2010 08:02PM

From the filings:

"During the past fiscal year, a formal request has been submitted to the Ministry of Northern Development & Mines to convert the Langmuir (including the former Lutha Claims adjacent to the Northeast which were acquired in 2005) into a mineral lease. Mineral claims, under which the Company presently holds the Langmuir Property, provides the holder only the exclusive right to explore the property. A mineral lease provides much broader rights including the rights to produce a mineral product for sale. It also can provide patent rights to the surface of the property.

Part of the process involves a detailed surface survey of the property. The professional surveying firm of Sutcliffe Rody Quesnel, Inc., an Ontario professional land surveyors of Timmins, Ontario, were retained to conduct the necessary land surveys for the leasing process. Basic to that process is to perform that survey in accordance to the specific instructions of the Ministry of Natural Resources and the Survey General. At the present time, all matters have been submitted to that Ministry and the surveyors are awaiting its final comments and instructions. Those final instructions should be received in the near future. The Company expects to complete the survey and obtain a mineral lease on the entire property during the fiscal year 2009/2010."

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How much more attractive does this make the entire property if a mineral lease was in place?

I am also iinterested in the progress on the dewatering/permitting process that was initiated amd announced last year. But that's another post

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