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: Grades and Widths-Hoov

Grades and Widths-Hoov

posted on Mar 11, 2009 11:40AM

Hey Lar,

When you were at the PDAC could you detirmine on the more recent plans available of the cross sections of the orebody how the actual widths of Blackbird and Black Thor compared? For instance, if you started a hole in the chromite deposit and followed the orebody down, you could theoretically encounter chromite for several hundred meters. This would be impressive as a drillhole but not as an orebody if it was not very thick. Most of the drilling is at an angle so it intersects the orebody at depth and unless you had the info modelled, it is difficult to tell from drill hole data.

Also, NOT appears to have some very high grades reported like 51.1% over 47.8m, 58.4% over12m, 38.2% over 75m etc. FWR has reported longer intervals and lower percentages. Did you get a sense that FWR were averaging their assays over the longer intervals and not reporting the high grade sections separately? Or is the orebody that structurally different on Noronts property due the temperature and pressure changes causing the mineral to precipitate out differently?

Thanks,Mike

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