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: Looking Forward
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The one small misstep everyone here seems to be taking concerns hole 50. If everyone recalls, hole 49 was not designed to hit any mineralization. The fact that it did is good, as evidenced by the present SP. Hole 50 was designed to accomplish the same duties as hole 49 was, to provide a platform from which to run BHEM tests.

What everyone should be paying attention to is hole 51. It was drilled based on information obtained from hole 50, and is rumored to have been collared 382m from hole 49.

JMHO

K

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