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: Pick me up notes from Nemis Interview

Pick me up notes from Nemis Interview

posted on Nov 15, 2007 05:27AM

Let we forget...

Nemis paraphrases From November 6th.. just 9 days ago.

Windfall Lake gold project, ongoing for 4-5 years, very startling assay results. Need continuity to establish resource estimate.

170 holes drilled. Many with high grade gold results.

16 feet at 52 ounces per ton gold. One of the best holes ever drilled in Canada. Many high grade and wide intercepts of gold.

Unable to put continuity here. Going underground by way of a ramp and look at it and 'shake hands with it' underground.

Completing the permitting process. Camp site ready for 70 - 80 people, surface work of pond, water, sewage infrastructure going in.

Underground ramping to start later this fall. Get underground and do bulk sampling. This will go through the winter and be completed sometime late summer.

Double Eagle WOULD have taken attention away from windfall if we hadn't been in business as long as we have and have the competent people who can do the job. The managers can do this with very little work from Toronto, the head office, which is concentration on Double Eagle. Looking for a white night, a major that will be our benefactor and will slowly earn its interest in this nickel project.

Horrendous amount of land that we have.. impossible for us to develop.. bring in juniors. We act as operators. Juniors spend the risk money to earn 50%, we maintain 50%.

Should we bring in a major, we can deliver to the major these contracts with the juniors and the major is able to also control these land position.

double eagle update - #1) grade is certainly being maintained. Grade is very very significant. #2) be careful reading the latest release, notice that the ore is widening at depth, now about 85 meters. #3) hole 17 and 18 indicates the deposit is now going to depth, to a depth at hole 18 or 19 of 200 meters... so its getting bigger... time will tell how much bigger it will be.

I like to be conservative. You take one hole at a time. You never expect to hit on every hole, ore bodies aren't made that way, they undulate, they move, their here, their there, however, the latest series of holes are spectacular.

I don't know now how big its going to be but I do know you don't need awful lot of tonnages with ore grades like this to make an ore body

Major major companies are asking for 2nd and 3rd meetings. We at some point will find a party to work with and devlelope the ring of fire.

I am anxiously awaiting assays on hole 17, 18

and looking forward to drilling holes 19,20,21,22

-----------------------------------

Theis downturn could be from LACK of news or it could be from the fact, as Richard says that 'You never expect to hit on every hole' this might be the case now with one of these holes. Never fear, this is normal and a buying opportunity.

Wish I had more cash!! My highest position is at $5.65 so I'm in with most everyone here.

Cheers.

BK

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