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Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

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Message: It's a wash

Re: It's a wash - not

posted on Apr 30, 2008 08:05AM

Somehow I must look at the Hart news a little differently. If this had been infill drilling then I would be really perturbed to see the NSV holes. This drilling was being used to define the size of the deposit. As to the grades - if you go back to most of the deposits around here - the upper zone is usually not where the best grades are. The grades improve as we go deeper. The gabbroic dyke appears to have displaced the mineralization. The ore zone may continue on the far side of the dyke - this will be investigated shortly. This site was never planned to be an open pit site. The ore body has an average strike length of approx 265 m divided between an upper and lower zone.

The good news also is that on Apr 25th we made our last payment so we now own it 100%. We have also now applied for a lease for this property which is required before we can advance the permitting process. This project has now been handed over to the mining department and the exploration department is moving on to other projects.

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