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: Nunavik nickel project goes ahead
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The Nunavik Nickel project has measured resources of 560,000 tonnes grading 0.93% nickel, 1.1% copper, 0.04% cobalt, 0.6 gram platinum, 2.66 grams palladium and 0.1 gram gold per tonne.

Indicated resources stand at 21.3 million tonnes grading 0.93% nickel, 1.15% copper, 0.054% cobalt, 0.54 gram platinum, 2.17 grams palladium and 0.14 gram gold per tonne.
There are also inferred resources of 5.2 million tonnes grading 0.73% nickel and 0.92% copper plus cobalt and platinum group metals.

Resources are found in five deposits: Allammaq, Expo, Ivakkak, Mequillon, Mesamax and Puimajuq.

Jien Canada mining is funding the entire project. Goldbrook will be required to pay for its 25% once the project is cash flow positive.

http://www.northernminer.com/issues/story.aspx?aid=1000382368

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