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: glorieux's summation

I forgot to mention that the average hole at Eagle 2 is almost twice as deep as the the holes at Eagle 1 since we are really tracing 2 deposits at Eagle 2. The higher one is closer to Eagle 1 in composition but more Breccia sulphides so PGE could be even better than Eagle 1. The lower deposit is a chromitite deposit that may also contain PGE but in any case adds value to the tonnage although the depth of this part of Eagle 2 will not be available for open mining.

Glorieux

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