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: Ring of Fire doubts 'baseless and false'

Fedeli, who has been to the Ring four times, believes in a three-phase development for it.

The first is to encourage private companies, such as Noront Resources, which is developing a nickel mine and east-west road. While not as expansive as the $60-billion chromite plans, "it gets us into the Ring of Fire quickly, efficiently, for a lot less money and starts proving the results," said Fedeli.

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