Hole #28 (deepest so far) is an excellent hole.

From the NR

DDH MQ-13-028: at 182m down the hole:

• Intersected 24.75m grading: 3.19% nickel, 1.14% copper, 0.11% cobalt, and 0.01 g/t PGM
  • Including: 17.91m of 3.80% nickel, 1.42% copper, 0.13% cobalt and 0.01 g/t PGM
  • including: 2.40m of 4.44% nickel, 1.13% copper, 0.15% cobalt and 0.01 g/t PGM

If Ni Equivalent is calculated, using current price of the other metals, the results for the average section of 24.75m would be something like this.

- Ni: 3.19% = 72% of Total

- Cu: 0.57% Ni Eq = 13%

- Co: 0.22 % Ni Eq= 5%

- PGM: 0.47 %Ni Eq 10%

---------------------------------------

Total: 4.45%Ni Eq 100%

It's interesting to note a significant contribution of PGM (almost the same as Cu) in the total Ni Eq. Similarly, for Cobalt is not bad.

At 4.45% Ni Eq, 1 tonne rock would contain 0.045 x1000 = 45 kg of Ni Eq. This is equivalent to about 0.5 oz Au/tonne rock ($650/tonne rock) or about 14 gpt Au rock (for ~25 m). Excellent results imo.

Please check my math to see if you have similar results.

goldhunter