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: Thoughts/ speculation.
16
Apr 01, 2008 09:39AM
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Apr 01, 2008 10:01AM
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Apr 01, 2008 10:26AM

I just need to clarify this post.  When I called the office and talked to Richard Nemis, he kept reffering to the anomaly at the far south west, 4km from DE1 as DE3.  In the past he reffered to it as anomaly 3.  He even corrected TCP when he reffered to it as DE3.  He said you cannot call it that until we know that there is mineralization there.  Some of us here have concluded based on this rather so-so evidence but also the rumor mill that DE3 has been drilled and returned positive results.

As for anomaly 4, Richard kept calling it that in our conversation.  This is the anomaly directly south of DE1 that is 100% on NOT land but adjacent to the FNC claim.  They drilled this anomaly apparently in late February (RN never said this, I have other sources for this) and they apparently overshot the deposit meaning they did not drill deep enough.  This was only 2 holes.  Now, they are continuing to do Geophysics work on that anomaly as per RN.  My other source said that RN reffered to something about this anomaly being a barn burner.  Now we all know this is one of RN's favorite phrases so anyone could of said he said this.  However, when he was talking about this anomaly and the work they are doing there, I got a sense that he was excited about it.  Take that for what it is worth.

 The 43-101 seemed to be his least favorite subject.  He basically said that it will be done when it is done and was not intersted in discussing it further. 

I hope this clears things up,

Glorieux

PS  Patients everyone, There is no bad news as RN would say.  We just need to trust our DD and RN.

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