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: Future hope from Gravelle

http://www.northernlife.ca/news/localNews/2015/12/12-min-strag-sudbury.aspx

“We were working over the last number of years with a federal government that was not prepared to work in a true partnership with us in terms of some of the extraordinary resources needed to move this project,”
Gravelle said, responding to the auditor general's report. “We're now positioned differently in that regard, and I'm looking forward to working with the federal government.”

Gravelle said that while the provincial government has not yet spent any of its promised $1 billion to build a transportation corridor for the Ring of Fire, he said that money remains earmarked for the project's development.

“The important thing about the $1 billion is that it's locked in and committed from the province of Ontario,” he said.

“We don't control commodity pricing, but the industry is cyclical. We're in a tough period right now, but it will come back,” Gravelle added.

The province will be ready to invest in Ring of Fire infrastructure when the mining sector bounces back and commodity prices improve, Gravelle said.

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