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: Resuming drilling early next week?

Resuming drilling early next week?

posted on Feb 15, 2010 09:33PM

Well, we have heard that the FN will lift the blockade this Thursday. Last week, I asked JJ if the blockade is lifted, are we resuming drilling right away to which she answered yes.

So this week could be very interesting. If there is a delay in lifting the halt, we will see more selling pressure. I believe the halt will be lifted though and that this will lead to the removal of anxiety both on this board and in our SP. We should get a few NR coming in the next 2 weeks. First, we should get one indicating that Noront is resuming normal activities and will be resuming drilling shortly. We are due some assays and I am most intrigued at what AT12 results will be. I believe there is still 2-4 weeks before this is released though. Then, there is an update on our deep drills. When they arrive, they could be a big catalyst for us as extending our Eagle's nest down much deeper and this should provide fuel for a great boost to our share price.

But all this starts with the lifting of the blockade or as JJ likes to call, the logistics halt. Thursday is the day to watch this week.

Cheers,

Glorieux

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