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 spoke to Richard

I spoke to Richard

posted on May 07, 2008 07:13AM

I had to call as I was wondering why it's taking so long to get some news.

He couldn't talk much as he was in a meeting but he gave me a chance to ask a few questions, here's a couple of things.

The positive thing he said to me is that things will be back to normal soon as far as updates and news releases go. He is unhappy about the delays but that is to change soon. 43-101 on DE will be a while still before we get any results. I said they're not even providing visual updates as they use to and he said it's all because of the delays from the lab.

On Windfall he said they are 141 meters underground and I asked if they will test the stuff they're taking out for minerals. he said once they get close to the target they will begin to do Bulk sampling.

On China there is a lot of work being done by the operator but didn't say when we will hear something.

On The Tungsten property, I asked about the 43-101 and he said Cadillac has filed it and to check Cedar for the results as he has not read it yet. If anyone can check on this it would be appreciated.

I'm glad he gave me the one minute we spoke on all this. I felt good after the conversation.

We just need to let them do their work and be patient.

GLTA, Tcp

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