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: While were talking valuation

It is likely more deposits will be found worth mining, some smaller and some larger. Proving up even two more this year will take a lot of drilling after intercepting proving up more than two in one season of drilling seems unlikely, nice but unlikely.

Now that's not to say Noront couldn't concentrate on proving up deposits with two drills and go searching for hits with a third.

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