Page 52 Crew or Ext ended Cabs S hor t or Long B o x 10 P l y T ire s Sk id P la t e s B ugg y W hip s F ire Ext inguishers F lare K i t s Long term a nd s ho rt term re n ta l s ava il a bl e S e r v i c in g t h e M i n in g I ndu s t r y a cr o ss C a n a d a T r u c k s D e l i v e r e d S i t e R e a d y Y o ur Mi n i n g I n d u s t r y S p e c i a l i s t s F o r i n f o e ma i l c o r p s a l e s d i s c o u n t c a r c o m o r c a l l 1 8 6 6 82 9 7 6 3 5 covery in Labrador in September 1993 Investors continue to speculate on the Ring of Fire Many juniors have staked claims near the rich nickelcopper deposit that Noront Resources Ltd struck there in September 2007 Many believe that the Noront Double Eagle strike will become a very sig nifcant discovery and this district will transform into a major new min ing region for years to come Noront s discovery of a second mas sive sulphide occurrence located two kilometers southwest of its Eagle One lends credence to the notion of this region becoming the next big nickel copper play On March 15 2013 the company an nounced as per the letter agreement signed on Jan 15 2012 Dundee had advanced a 5 million interest free loan to Metalex The funds will be used for preparatory work for the 10000plus ton bulk sample Once the amount provided under the loan has been expended Dundee will be deemed to have earned a fve per cent interest in the project which it shall have the option to convert into Metalex shares at 090 per share If Dundee makes the First Election it will be committed to invest a mini mum of a further 125 million in addition to the 5 million loan com mencing one month after receipt by Metalex of the fnal permittin g for the bulk sample Should Dundee and Metalex agree on a budget of greater than 125 million Dundee shall earn an additional one per cent interest for each 1 million spent over and above 125 million 175 million inclusive of the 5 mil lion loan Once payment is received Dundee will hold a minimum of a 175 in terest in the project will have earned its Second Right and may undertake its Third Right Under the Third Right investment Dundee will make a further payment to bring its total contribution to 40 million which will bring its interest to 40 During this phase Dundee will in crementally earn a one per cent inter est in the project for each 1 million spent Upon the Fourth Right investment of an addit ional 1 1 million 51 million total Dundee will have earned a 51 interest in the project These funds are to be used to com plete a feasibili ty study on the project If the study is positive Dundee will use its reasonable commercial ef forts to secure funding for the development of a mine to commercial production within four years Contd from pg 51 Dundee pr ovides inter est fr ee loan