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Message: Strange goings-on at Noront (3 ex directors ARU).....3 Joint Ventures leave
My post on Noront..............
Is Noront now the PARIAH in the ROF? (Hawk nips out the door!)
posted on Mar 15, 09 03:25PM
1. Hawk has a diversified portfolio of exploration projects at various stages of exploration and drilling. So why are they leaving when they have Gold, Nickel, Copper, Platinum (PGM group) experience albeit Uranium might be a bit thin on the ground.
2. Is it that they do not want to do business with NOT?
3. Note that Hawk are not leaving the area, maybe they do not want NOT as the operators?
4. Hawk were happy with the previous NOT board, why are they not happy now?
5. Can NOT afford to lose JV operators, surely a deal could have been concocted to keep them on board?
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- By the way Richard Nemis, ex CEO of Noront has recently joined Hawk.
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Hawk Terminates Interest in Noront Resources Hawk JV Property-"Ring of Fire"
posted on Feb 25, 09 06:28PM
| February 25, 2009 |
| Hawk Terminates Interest in Noront Resources Hawk JV Property-"Ring of Fire" Area, McFauld's Lake |
|
TORONTO, ONTARIO--(Marketwire - Feb. 25, 2009) - Hawk Uranium Inc. (TSX VENTURE:HUI)(FRANKFURT:HPM) ("Hawk") wishes to announce that Noront Resources Ltd. (TSX VENTURE:NOT) ("Noront") has provided Hawk with its final report on the diamond drill program conducted on its 50/50 Joint Venture Property in the "Ring of Fire" McFauld's Lake Area, Northern Ontario. |
SINCE.......................
Lund Gold, Noront cancel Ring of Fire project
2009-03-18 11:08 ET - News Release
Mr. Chet Idziszek reports
Lund Gold Ltd. has received the final summary report of work performed by Noront Resources Ltd. on the claims that are subject to an option to joint venture agreement in the Ring of Fire area of the James Bay Lowlands. As operator of the project, Noront performed two airborne surveys and ground-based, geophysical follow-up work that was designed to further detail two VTEM airborne anomalies that were identified. A diamond drilling program to test these two geophysical anomalies was carried out in December of 2008.
The drilling program consisted of two diamond drill holes that totalled 482.6 metres in length. Both targets were explained by narrow intercepts of disseminated to semi-massive sulphides, mostly in the form of pyrrhotite. The best result was a 0.85-metre interval that assayed 1.22 per cent zinc. The estimated cost of Noront's exploration on the property totals approximately $300,000.
Noront in its role as operator of the project has recommended no further work be carried out at this time. After a review of the data, Lund is in agreement with this recommendation and has opted to terminate the agreement. Lund expects to receive approximately $700,000 back from exploration funds advanced to Noront. On Lund's Black Fox gold property, the 2009 exploration program is currently being formulated and will be reported shortly. Lund has an option to acquire a 100-per-cent interest in the Black Fox gold property which is located within Tuuri township, Thunder Bay mining division, Ontario, in the Schreiber-Hemlo Greenstone belt. Lund remains well funded and is seeking additional, quality gold projects.
AND AGAIN..............................
Southampton Ventures Terminates Option Agreement With Noront
posted on Mar 20, 09 07:41PM
| March 20, 2009 |
| Southampton Ventures Terminates Option Agreement With Noront on Moonbeam Property in "Ring of Fire" Area, McFauld's Lake |
| TORONTO, ONTARIO--(Marketwire - March 20, 2009) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES Southampton Ventures (TSX VENTURE:SV) wishes to announce that Noront Resources Ltd. ("Noront") has provided Southampton Ventures with its final report on the drill program conducted on its Moonbeam Property in the "Ring of Fire" McFauld's Lake Area, Northern Ontario. The report provided by Noront relates to the drill results and airborne and ground geophysical surveys that were completed on the claims in the James Bay Lowlands of Ontario that are the subject of a Joint Venture agreement with Noront (see press release dated January 4, 2008). Based on geophysical interpretations of exploration results, three drill targets were selected for exploration. The samples obtained from those targets were tested, and the results returned were found not to warrant further investigation. According to the report commissioned by Noront, no follow-up exploration work was recommended and Southampton has decided to terminate the option agreement with Noront. |
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