Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Re: News - Drilling Update
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Oct 14, 2009 02:50PM

Thats fantastic news SRV, thank you

I find these parts, very intriguing:

Metallurgical Update

The companies are pleased to report that it has received the results of scoping level mineral beneficiation test work conducted by SGS Lakefield Research Limited and a geometallugical study conducted by CLIFFS NATURAL RESOURCES on the Big Daddy Chromite Prospect. These early stage studies will guide both ongoing sampling requirements during drilling and subsequent resource modelling and beneficiaton studies.

The result of conducting gravity separation test on eight samples covering the range from low grade to high grade led to the following conclusions;

A sulphide flotation test of the chromitite produced a concentrate containing 14 g/t palladium, 3 g/t platinum, and 1 g/t gold. An evaluation of the distribution of all 6 PGE's is underway. The minerals sperrylite (PtAs2) and stibiopalladinite (Pd3Sb) and an unkown compound of Os-Ru-As-S were identified by Cliffs in a hanging wall pyroxenite sample containing 2.24 g/t palladium and 2.36 g/t platinum over 0.5 metres.

Exciting times ahead........RL

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