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: Spoke to Dick Nemis

Spoke to Dick Nemis

posted on Jan 29, 2008 08:15AM

But it was a short call as he's determined to get out for lunch today which is unusual for him.

Dick is still bouncing and happy about giving us the 'fantastic' news release. He laughed when I said next it better be double digit but said if I want it he could cut out a few inches from the core and it would assay over 20%.

Dick remains absolutely positive that others in the Ring of Fire will find deposits. When I said that, in my opinion, it most probable only close anomalities would turn up the grades he's finding he said, we feel sure as rich or richer deposits are on our claims. Looking for DE 2 now.

Not much in the way of specific information given except I confirmed that a drill goes through 50 meters in a day, that's 25 meters a shift. So a 200 meter drill hole is going to take 4 days plus setup if it's being moved.

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