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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: talked to nemis
From my last guess-analysis May 27th

Today the news mentioned about 8 drill holes result ,May 8th news mentioned 3 drills holes result in Eagle 1...

April said we had 19 holes pending from SGS therefore we have at least

19- 3 -8 = 8 more holes waiting from SGS ..but again,today news also talked about Actlabs result, looks like we have some result from Actlab,

I assume we still have more than 23 - 8 = 15 holes drill holes from Eagle 2 waiting

(in addition to the drilled holes after mid april...and much more to come from now..)..

Mid april -June 5th

If we did not stop drilling in spring break,

we now have drilled for almosts 7 weeks from mid April,

let say we drill one hole a week as we are now getting down to 400 meters 2x 7 = 14 more holes , total 15+ 14 holes = 29 holes...

I did not count the third drill on other At's

only that we now need much more time to analysis the CR content ...

hopefully, end of June /July is the month the share price.. fly to the blue sky...

Bernard



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