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: This confirms theories of the exploration team --
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This confirms theories of the exploration team --

posted on Aug 05, 2009 06:34PM

It seems to me that the Company is more excited about the potential for follow-up finds than with what they have found with these holes.

They say clearly that this confirms the theories of the exploration team (ie geos including Prof. Mungall) - which means that the E1 A,B,and C pods are part of a much larger deposit, perhaps kilometres in extent, a conduit with multiple pods, i think.

All drilling will now concentrate on this area. So expect quite a lot of results over the next few months. Not sure what that means in regard to the chromite, looks like it is on the back-burner for now; and yet some are going to S. Africa -- perhaps someone there might be interested in a j.v. for just the chromite deposits?

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