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: 5.5 cents

“We have consistently called for an Ontario-wide industrial electrical energy price in order to maintain and attract industry to this province and, in particular, to Northwestern Ontario. One key reason is that the Province of Manitoba, our nearest Canadian competitor, is selling its electricity anywhere from 3.56 cents to 4.94 cents per kilowatt hour (kwh) while Ontario is charging 7.5 cents per kwh. Tuesday`s announcement brings us much closer at 5.5 cents,” says NOMA Vice President Iain Angus.

“While the program is not as we would have designed it, we do welcome it because it represents an improvement to what exists today and an opportunity for a number of mining, forestry and manufacturing projects to enhance their viability,” continues Angus who is also Co-Chair of the Northwestern Ontario Energy Task Force

http://www.netnewsledger.com/2012/06/13/northwestern-ontario-municipal-association-welcomes-industrial-electricity-incentive/

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