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: Additional drilling targets.

Additional drilling targets.

posted on May 21, 2008 10:05AM

These reports are consistent with Michael Gray's comments on Feb 26th:



Drilling New EM Targets That Flank Eagle One – Noront still has 6 more targets to be tested, plus potential “partial anomalies” H & I as shown the picture above. While one drill has been dedicated to drilling Eagle Two, a second drill is committed to drilling the other conductors. Gray adds “of the target conductors shown in Exhibit 1 have been subjected to detailed ground geophysics on grids (MaxMin, TDEM, gravity, magnetics, VLF). We rate the potential for additional discovery along this eight kilometre NW-SE “trend” dotted with EM conductors to be very high. In particular, target B, although only a Channel 3 expression, appears to be a very attractive EM target as it is larger than Eagle One and would appear to be just as strong.”

BK

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May 21, 2008 03:35PM
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