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: All this talk about SPQ and...

From what has been discussed on this site 10M tonnes of ore will be the ballpark to justify a mine.  We can get there a few different ways.  We can keep extending our current deposit (that so far has about 7m tonnes) to the south, south west.  This will take 2 to 3 months.  Our current find has been established at 300 meters and some surface geophysics put this thing at over 2km in lenght.  If we are anywhere close to 2 km, we will all be very happy.  Other option is to have another anomaly come back with positive drill results.  This could occur at anytime now with BMK or in the next few weeks to months from NOT, or other JV or other properties in the area.  My guess is that in 3 months, we will have established over 10M tonnes for sure. 

Good luck to you,

Glorieux

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