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First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Big Daddy - Massive Chromite was intersected

Big Daddy - Massive Chromite was intersected

posted on Oct 21, 2008 07:10AM

Massive Chromite was intersected in both of these new holes. The following table provides visual descriptions of the core as noted by site geologists in the drill logs. These are visuals only - assays are pending on these two holes. Once all assays are received, downhole assay grade intervals will be released along with hole collar locations on the local and UTM grid for these as well as earlier holes where collar locations have not yet been reported.

- Jim Guilinger states " The processed cores easily exceed the minimum 40% Cr2O3 grade threshold that the market place prefers"

Overall, it was concluded that the ferrochrome product from the aforementioned testing of the Big Daddy Chrome Deposit provides a concentrate that is very close to meeting specifications for the largest consumers of chromite (ferrochrome), representing about 95% of the market. Results of the metallurgical study also concluded that the concentrate has a favourable Cr:Fe ratio of 2.07. It was noted by Jim Guilinger that "With optimization of the gravity and flotation it should be possible to create a product suitable for approximately 98% of the world markets. In these two markets approximately 18.4 million tons of chromite were consumed in 2005."

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