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: Does this lend credence

Does this lend credence

posted on Sep 26, 2008 07:50AM

to the rumour of the gold hit some weeks back? Re: banded iron formation...... I'm not counting my chickens before they're hatched, just making conversation about possibilities.

Gold is the only metal mined at Musselwhite. Gold bearing mineralisation is characteristically hosted in folded oxide-silicate facies banded iron formations. The cash cost of mining is $178 per ounce and the total cost (including equipment use and associated environmental work) is $288 per ounce. The mill processes 3500 tonnes per day.

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