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: I just spoke with David Graham at Noront

Seawind ... fabulous job.

I wanted to comment on this paragraph:

They are getting better at interpreting the geophysics of the area. (The way he responded to this suggested he thought they had progressed a tremendous amount. This helps gives me confidence that Noront will have a much higher success ratio than other companies operating in the area.)

It should be noted that Neil Novak (VP - Exploration) is working closely with Mac Watson (Freewest) and Jim Voisin) on their JVs.  Neil probably along with other NOT geos are getting very, very good at reading the new EMs.

On the topic of "other companies", PM sent me an email saying that he had corresponded via email with Neil on the topic of the current drilling at the Freewest Option.  Neil is punching a drill into an MMS on this site.  Chromitite and PGEs have been previously found.

I have every expectation that SPQ and FWR will help find a northeast extension of NOT-FNC conduits.  Evidence is compelling, but still speculative.  If it happens, BAMMMMMMMMMM!!!!

Snug

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