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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  • Hole #NOT-09-070-W1 original assaying intersected 22.8 metres averaging 28.1 gpt Pt and 8.0 gpt Pd
    • Including 8.4 metres averaging 1.2% Ni, 1.5% Cu, 68.8 gpt Pt and 7.6 gpt Pd
  • Hole #NOT-09-070-W1 check assaying intersected 22.8 metres averaging 26.0 gpt Pt and 7.6 gpt Pd
    • Note a sample within the interval (619.3-620m) had insufficient material to accurately rerun, considering this the intervals above and below this sample are as follows
    • (607.6 – 619.3m) original Pt was 50.3gpt and rerun Pt 50.0gpt, original Pd 9.0gpt rerun Pd 9.0gpt
    • (620-630.4m) original Pt was 2.6gpt and rerun Pt 3.9gpt, original Pd 6.7gpt and rerun 6.4gpt
  • Sample 432113 measuring 0.5m returned a rhodium grade of 2.19 gpt with 312.0 gpt platinum and 11.5 gpt palladium
  • Sample 432116 measuring 0.15m returned a rhodium grade of 3.13 gpt with 943 gpt platinum and 11.3 gpt palladium
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