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: Exciting News Release

Exciting News Release

posted on Aug 05, 2009 05:55PM

A first blush, it appears that the core gets richer at depth.

When I compare holes NOT-07-01 through NOT-08-35 (upon which the NI 43-101 was based) I do not see any mineralized core lengths exceeding either the 178.m of Eagle 1B or the 149.5m of Eagle 1C. The closest is NOT-07-18 with 124.6 m averaging 2.4NI and 1.1 PT. Whereas it is true that certain portions of that core length (and others) returned included shorter lengths of higher percentages, there are none that approach the lengths of mineralization now achieved.

It also looks like Eagle 1C is much richer than Eagle 1B, with it's average of 2.4 NI, and PT concentrates as high as 3.89 g/t and 5.04 g/t. Other than NOT-07-07 which returned approximately 22 g/t of PT over 2.8 meters, we have seen no other concentrations this high (as far as I can tell).

And we remain open to depth.

All of these results seem to be within a fairly narrow perimeter around the first Eagle 1 discovery.

We know that, in all liklihood, Eagle 1B and 1C extend beyond NOT 09-49 because it intercepted those two lenses no less than five times.

If we are to believe any part of the rumours regarding the additional holes drilled (far enough away to be interesting if indeed sulphides were hit, but close enough to be wholly owned and quite possibly connected) to the extent they hit further mineralization, this bodes very well indeed.

Although this is the kind of news release that can cause sleeplessness, I am certain that I will need my rest to deal with what is coming in the days and weeks ahead.

Ergo...

ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

Wake me up at $20.00

crazydik

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