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: Noront's lab for assays

Here's some info on SPQ's lab utilization, which I posted on the SPQ board. "Project" refers to the SPQ-FWR-KWG joint venture drilling.

"Spider is currently using Actlabs for this project, as to whether we will continue to use only the Actlabs facility in ThunderBay the answer is no.

Actlabs in Ancaster has access to a nuclear reactor at McMaster University that is needed for the Chrome analysis and we doubt very much that ActLabs will build a nuclear reactor in ThunderBay. The lab in TBay is a sample prep lab and will be able to do in TBay analysis as well, but there are many types of analytical procedures that are required that Actlabs has no intention to move to ThunderBay.

Neil"

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