Drill core for Stricklands metallurgical holes has been cut and...

Drill core for Stricklands metallurgical holes has been cut and massive sulphide intervals

have been tested with portable XRF analyser, recording the following average XRF values

(* XRF results are preliminary in nature and laboratory assays are required to confirm the metal content of the

drill core; matrix and disseminated sulphides were not included in the XRF analysis):

 STD015:

o 3.84% Ni and 0.61% Cu from 67.3m to 69m, and

o 3.00% Ni and 1.6% Cu from 70.4m to 73.1m

 STD014:

o 6.86% Ni and 0.61% Cu from 40.2m to 41.7m, and

o 4.92% Ni and 5.4% Cu from 48.2m to 48.9m

 STD013:

o 2.6% Ni and 0.9% Cu from 47.2m to 50.6m

• Samples have been sent for laboratory assaying which will provide a definitive account of

the metal values in the sulphide intersections of the Stricklands drill holes

• Approximately 300kg of drill core samples are in transit to Canada for completion of

metallurgical test work and flowsheet design