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: Re: Question for the board members with GEO friends...

0.2% nickel is the cut off for processing, so they have to include it.  However low it is, and the fact that it does lower the overall average, it still increases the length by 4 meters of 10% which adds tonnage.  We have the grade already, we are trying to prove up tonnage and this helps us with that.

Glorieux

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