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)

Free
Message: Re: And now for something completely different- Canseco

Re: And now for something completely different- Canseco

posted on Nov 13, 2009 01:24AM

Hey Canseco - Yes, you are correct that the release of the NI 43-101 seems to be taking much longer than expected. Remember that we heard at the Noront Luncheon that part of the 100 day mission was to "receive a draft of the NI 43-101 for the Blackbird deposits and determine value".

It was of interest to me that no mention of this was made of this as part of the 100 day progress report however, their goal for the next 100 days was to "announce Canada's first NI 43-101 chromite resource". Because the first 100 days were Aug-Nov '09 this could mean it could be Jan or Feb before that report is released.

To me this says that these things take time- and probably more time than anyone can predict and by using the word "expected" Freewest has simply covered their bases. Things never happen quite as fast as expected.

Best,

Scott

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