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: Re: Looking at the surface plots
7
Sep 15, 2009 09:45PM

JJ said to me that they expected holes 51 and 52 to come up empty, these were the holes drilled as BHEM holes to coordinate the next few holes. Every hole will be used for BHEM wether they hit of not from now on.

Milsy, hole 49 was finished in late June not late July as you wrote.

Funny Milsy how we were both crunching numbers at the same time. Your average grade for lens B is nice (1.34%) to see but I am happier looking at how much better the results were this time - 60% better, quite a jump!! However the shorter intervals dilute this fact in your presentation. It will be interesting as they drill more if the next assays confirm that lens B is closer to 2% nickel or closer to the original 1.2% nickel.

Glorieux

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