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: Still a Puzzle
3
May 03, 2011 10:29AM

I think it was too far away from the complex and mine plan. Useless to Noront for many years. The traded for property was closer with good prospects for continuation of underground mine. This will be a direction of trending resource suspected by the geologist to look into at a future time. Why own what you have no plan to mine. Baosteel should have enough chromite for many years without it. That is why they are funding more drilling at Blackbird

"Fund completion of a feasibility study on the Blackbird chromite deposit including exploration drilling to increase the current resource"

And we are not getting any value for the chrome, or the nickel for that matter. Sheesh, soon, when its proved to be able to make its way to a smelter.

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