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: Just spoke to Richard
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These (NI 43 - 101's) do take some time and to expect one based on drill data up to XMass, the time line will more realistically be April before one can be properly prepared.

As for the drilling, they are already moving along well.

As for the Tonnage, having moved past Hole #12 clearly shows they have the direction to follow in tracking down the deposit and are smartly (briskly) doing so. Indications from the step out drilling is indicating the deposit is growing in size at an increased rate as they continue steping out on the drilling. With this and the EMag's and Ground Geophysics, it is now past being clear that there is much more that will be proved up, and consequently the Tonnage will be very large.

What was very good is becoming even more so with time!!!

Old Joe

PS: With all this well in mind, I remain cautious!

Up, Up, And AWAY UP we GO!

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