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: Re: About PRB - miskealp
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rav
Jun 07, 2008 10:34AM
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Jun 07, 2008 01:53PM

Re: About PRB - miskealp

posted on Jun 07, 2008 03:23PM

If you were about to enter into a deal of some kind where you would be giving operational control, if not more, to another company (in this case giving control to Noront Resources) on claims both you and the partnered company knew had several former deals on ( thus with changing arrangements in successive deals, etc. and both of you knew the other company no longer involved had various problems around the time they seeded control od all the claims in the area) would you not want to ensure both of you were standing on firm ground. And both standing on the same firm ground. And would you also think it better to proceed with long planed Drilling on very good claims you were to maintain Full and total control of while you had the Drilling Contractor under contract and also while the nitty gritty details of your pending deal with Noront Resources was being Fully Vetted?

When Noront Resources stated they were in early stage discussions with Probe Mines respecting the Mc Fauld's Lake area Claim Blocks, I took it to mean ALL the Mc Fauld's Lake area Probe Claims. That means the Tamarack Project JC claims as well as the smaller isolated claims adjacent to DE1 and there may a few others just to the north west or north east of the FWR Caim Blocks that may still need to be fully vetted as well. Note that in this sinario Probe will be retaining full ownership of the Victory Project and thus the shift to those well advanced, drill ready targets while all the other claim blocks are worked into a deal with Noront Resources.

Thus, I have no need to feel threatened either which way and most especially having seen Probe ensure they inserted the term "FRIENDLY" into their NR on the matter.

Old Joe

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Jun 07, 2008 06:21PM
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