Okay, I'm a little confused.

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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Milsy1

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Okay, I'm a little confused.

posted on Feb 19, 2008 02:39PM

I am in the midst of updating my weighted average spreadsheet to include today's N/R and there is something not quite right.

Previously, hole 5 assays were reported to include a section:

112.6 - 115.6 meters downhole grading:

10.9% CU

8.7% NI

40.79 g/t PT

14.57 g/t PD

9.39 g/t AU

8.7 g/t AG

Now, todays N/R stated the following:

111.5 - 115.6 meters downhole grading

3.2% CU

3.62% NI

30.2 g/t PT

15.95 g/t PD

3.3 g/t AU

8.1 g/t AG

(plus other "ium" PGE's)

Would this suggest that the section from 111.5-112.6 is for the most part barren with respect to CU/NI/PT & AU but perhaps only this 1.1 meter section hosts the "ium" PGE's.

Can anybody else rationalize these changes?

Also, if we are finding "ium" PGE's, it sure would be nice to find some Rhenium which is more precious than Rhodium - currently Rhenium is trading at approx. $10K per ounce.