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: Lab

Lab

posted on Apr 10, 2008 04:17AM

There are two issues with regard to timely assays from the lab. Most important is providing information that will define the orebody and increase value in the company and therefore increased share value. The second and at this stage of the properties early developement is providing information to guide the drilling program. There are certain field tests and geologists can make visual assessments when the core is exposed. We have all had conversations in recent days about the importance of PGE's and JD has reported they can only be detected through lab analysis. This means timely information will make drilling more efficient and productive. Given the cost of drilling and the excrutiating wait time to get a hole completed, this is paramount right now.

With regard to security and conflict, you will notice on the assay reports from NOT that they use Biliken and their P.Geo. to handle their core and supervise the transportation and P&E Mining Consultants to supervise lab work and provide quality assurance. These people are professional engineers and geoscientists that are independant from NOT and have to put their stamp on results. This is the safeguard the market requires in my opinion.

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