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: Position of this new hit relative to known resources at Eagle 1

I concur with your summation Lar, i'd theorized in the past that the nickel mineralization must be present in great quantities in the feeder conduit as the high concentrations just do not appear out ot thin air, until we find the source the conduit is the source and now we know it is laden with 7% nickel and I would bet the PG&E is already crunching the numbers with this new data. This will add significant tonnage and will eventually add significant value to Eagle One. As the mineralization is definitely in a running to depth conduit NOT needs to set up and drill down the throat to this thing targeting the intercepted area of hole 44, this conduit could potentially run for quite a distance and i think Mungall knows that, we know where this zone in the conduit is so chase it and save the step out drilling for later.

I got my News this Am at 7:37 from Noront Resources, not bad timing and my RBC alert 10 minutes later. Its amazing how fast it made it to this forum with the help of the membership. Thanks for that everyone!

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