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: Exploration Strategy & Some Thoughts re DE1 becoming bigger.

Quiz, early on there was mention of the Eagle 1 deposit appearing to be overturned somewhat and with the zone of deformation and shearing with likely localized faulting and veining now being described, the likelyhood of mineralization at depth, peripheral, and proximal to each area of mineral concentration located can be considered to be much more likely. Thus, once in the ground mining the deposits there is every likelyhood that any Resource Estimate prior to actual mining will eventually turn out to be very much on the low side tonnage wise. Deposits in these areas can be considered to be considerably larger than what any NI 43 - 101 can possably indicate.

Old Joe

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