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: Not what I expected, but....

Well, clearly this drilling for the Nickel & Chromite is near the border of the FNC claim blocks. I was sure they were going in the opposite direction, towards the old Probe claims. I was wrong apparently. But they do have a number of targets around the Nest so I suspect it's a matter of time when we see some drilling there.

Not great nickel, plat. or pall. grades, but it does all add to tonnage and as a few have said already, it appears that NOT has the deposit signature down pat and that can only lead to more tonnage. And there was some good Chromite intersects and some not that great, but again this also adds to tonnage.

But what's got me thinking is why they are drilling so close to the FNC claims. Okay yes, there are targets, but apparently there are several targets to choose from around Eagles Nest, so why here and why now or more accurately, at the end of last year.

Many have suspected an FNC takeover or probably more likely a buyout of their ROF claims. I would guess that NOT is watching very closely for the remaining assays from FNC's drilling.

strato

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