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: Reality sucks
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Apr 20, 2010 11:24AM
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Apr 20, 2010 11:28AM
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Apr 20, 2010 11:58AM

"I will be waiting for results from iums, JJJ ,2000m drills,updated 43-101 on Eagles nest and AT12(Condor 1) results before making ANY descisions.."

Well said Curt,

Once again we find ourselves the expectant benefactors of the expertise of Micon International, these boys did the 43-101 on our Blackbirds Chromite as well as Neil used them for Spiders 43-101 on the Big Daddy deposit.

Micon, now officially on board to effect a feasability study to take this area to the Mining stage, not a simple task given the geology of Eagles Nest and the expressed need to be able to have a cost effective shared access to the chromite/gold zone via the Eagles Nest mine complex. This means the Micon folks have thier work cut out for them especially if the deep drilling can prove up the connection between Eagles Nest and the Chromite at the convergence zone, lord knows what lies in wait. To say that these folks have an intimate working knowledge of the geology which lies beneath our involved claims would be an understatement to say the least. ,Yes, this feasability will take time. Meanwhile the drills still turn and return core to surface in the quest for nickel. The re-entry of Hole 49 by the big drill imo should bring us more sulfides at depths well below the known mineralization if indeed it continues to track as it has to date. This Dyke/Sill convergence zone has me on the edge of my seat once again. Damn, what's the hold up with that real time telemetry??

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We've got Aecom doing environmental......are they still at it??

Micon, now doing a feasibility study, completion mid 2011?

SNC Lavalin- should be near done its first phase of it's transportation study we hired them for back in November. When will we hear an update on this?

"The study is intended to be in two phases with the first phase to be completed in the first quarter of 2010. The first phase will evaluate all options and recommend a preferred route and method of all season access into the site. The first phase will also define a work program required to minimize the transportation risks in support of a Feasibility Study. Assuming successful completion of the early phases and the subsequent field work, the Feasibility Study on Infrastructure and Transportation will be completed by the fourth quarter 2010."

the inground value has been steadily climbing skyward and i do mean skyward and will continue to so as the tonnages accumulate and the price of metals appreciate.

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