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: More news on Cliffs Announcement, Road/Smelter etc.

From the Sudbury Star...

> 50 to 100 truckloads of ore and concentrate will be loaded into as many as 100 rail cars near Nakina and bound for the ferrochrome smelter north of Capreol daily.

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> At full capacity, the smelter will produce 1,500 tonnes of ferrochrome per day.

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> It will also generate about 2,100 tonnes of slag per day. (more info on this re stock pile and usage of slag).

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> The arc furnaces at the heart of the ferrochrome smelter will be heated electrically. Current estimates are approximately 300 megawatts, roughly the amount of electricity used to supply a city of 300,000 people.

.......RL

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