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: AT5

Re: AT5

posted on Jul 21, 2008 01:23PM

One thing to consider about the AT-1 to AT-6 holes was that it was done PRIOR to the latest VTEM survey run by FNC/NOT/FWR... and targets were NOT precise enough.. but now those areas are better defined... and reason we saw the news from genuity that Eagle 1 trends southerly and deeper..these will be retested in due course.

On the other hand - AT12 was a target that JVX (geologists tha the 3 firms are using to unravel the complex structure) told NOT to drill based on VTEM map .

What i now understand is that VTEM is very accurate (along with pulse EM) in identifying successful targets... hence the last news release talking about NOT flying vtem on rest of their claims.

the step out to AT12 is very significant - not yet appreciated by the market.

FNC - will drill this week C-` targets from the VTEM that JVX and prove what genuity described in terms of southerly expansion . the mag targets on fnc claims are "hot" and similar to eagle 1... visuals should be out within 10-14 days.

from there deep eagle (per kaiser last report) will be the focus to test the other trend from Eagle 1 northeast onto FWR claims thru FNC taget - c-5





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