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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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NevilleD

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posted on Jan 19, 2011 01:58PM

about Kaminak gets me thinking about Underworld Resources. Same area as KAM. Kinross bought them out for the equivalent of 140 million. They had a 1.3 Million oz gold deposit. As I've mentioned before, Eagle One has the nickel PGE equivalent of 5 million oz gold. Let's see...140 x 3.84 (5/1.3) =537 million. Yes, I know UWs deposit was open pit and accessible by road and river and Kinross already had a 10 percent stake, but its good to have a frame of reference as to what Noront is sitting on.

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