Noront Resources identifies distinct gold zone at McFaulds lake property

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SymbolPriceChange NOT.V

1.70	0.00

{"s" : "not.v","k" : "c10,l10,p20,t10","o" : "","j" : ""}

The "Triple J" zone has been drill traced over a 1.0 kilometre strike length to a depth of over 300 metres. A total of 44 holes define the zone to date. Gold mineralization is directly related to contact between granodiorite and peridotite and ranges in thickness from several centimeters to tens of metres. Gold grades range from 0.3 to 30.0 grams per tonne. Gold mineralization was encountered in holes targeting Eagle Two and the Blackbird deposits. In a number of cases holes encountered gold, nickel-copper and chromite mineralization in the same hole.

	    All holes were drilled using NQ diameter core and sample intervals range	    ------------------------------------------------------------------------	    from 10 centimetres to 2.5 metres.	    ----------------------------------	    Highlights of the recently received drill results include:	    HIGHLIGHTS:	    -----------	    -  Hole NOT-08-1G058 intersected 1.1 metres averaging 12.65 grams per	       tonne gold	    -  Hole NOT-08-1G051 intersected 10.0 metres of 1.72 grams per tonne gold	         -  Including 4.4 metres of 3.43 grams per tonne gold	    -  Hole NOT-08-1G062 intersected 9.6 metres of 1.54 grams per tonne gold	         -  Including 4.4 metres of 3.04 grams per tonne gold	    -  Hole NOT-08-1G039 intersected 24.0 metres of 1.01 grams per tonne gold	    

Additional resampling work on all holes will be reported once results are available.

Noront's President and CEO, Wes Hanson, states: "The discovery of a discrete gold zone is further evidence of the robust potential of the Ring of Fire district. Gold has long been associated as part of our high grade nickel copper sulphide discoveries but until now, had not been identified as a distinct zone of mineralization." Mr. Hanson added: "No drilling is currently planned for the Triple J zone at this time. The Company's immediate objective remains the aggressive resource expansion at Eagle's Nest which is ongoing as of the date of this press release."

A complete list of all samples which intersected the Triple J zone is available on the Company's website http://norontresources.com/find/id/24/IB. A plan map of the Triple J zone and the known mineralization in the vicinity can be found on the Company's website http://norontresources.com/find/id/23/R6.

Jeremy Niemi, Noront's Vice President of Exploration notes: "The gold mineralization at the Triple J zone provides further evidence of the mineralogical diversity and economic potential of our properties. We consider this zone to be another long-term target for the Noront exploration team and a positive indication of our ability to identify additional mineralized zones on our extensive land holding in the Ring of Fire. Going forward, the current management is continuing to compile and re-evaluate all of the data acquired to date. This review, combined with comprehensive modeling, is identifying new trends and opportunities. The Triple J zone is a direct example of the results of this of work."

For further information on the McFaulds Lake property, please refer to the Company's NI 43-101 - Standards of Disclosure for Mineral Projects compliant technical report "Technical Report and Preliminary Economic Assessment on the Eagle One Deposit, Double Eagle Property, McFaulds Lake Area, James Bay Lowlands, Ontario" (effective: October 20, 2008) available on the Company's website and at www.sedar.com.

	    Exploration Update:	    -------------------	    

Four drills continue to delineate the Eagle's Nest along strike, down dip and to greater depths due to previously announced drilling capacity. Current drilling has traced portions of the Eagle's Nest deposit more than 100 metres along strike and indicates widths up to 50 metres. Results from the drilling will be released as they become available.

All drill holes are currently tested using Bore Hole Electro Magnetic geophysics to assist in the interpretation of the nickel-copper-PGE mineralization and to assist in targeting future drill targets. Since hole NOT-09-49, all drill holes targeting the Eagle's Nest have been angle holes planned to cross the vertically dipping mineralization along east-west cross sections parallel to east-west coordinate lines of the Universal Transverse Mercator (UTM) grid system. A surveyed (GPS Gradient) grid of east-west lines with UTM coordinates has been established on the surface to facilitate accurate orientation of the drill hole collars.

INDEPENDENT QUALITY CONTROL AND ANALYTICAL PROTOCOL

A thorough Quality Control program has been in effect for the project which includes grouping samples into batches of 35 into which are added 2 certified reference material standards, 2 field and pulp duplicates also form part of the Quality Control program. It can be said with confidence that all assays reported in this Press Release have passed the strict quality control guidelines set out by Noront's independent Qualified Person.

All samples reported upon herein were completed by Activation Labs (Actlabs) of Ancaster, Ontario. The samples submitted to Actlabs were analyzed for multi-elements, including Ni and Cu using a four acid digestion and by ICP analysis. The samples that received base metal values greater than the upper limit for the method underwent further analysis using ICP-OES. For the Au, Pd and Pt, the assay methodology was Fire Assay on a 30 gram aliquot with an ICP finish. Silver was analyzed using a 3-acid digest with an ICP analysis. For more information on assay methodology please visit the Activation Laboratories Ltd. Website at http://www.actlabsint.com.

Drilling results in this press release have been approved for dissemination by Noront's senior management including Jeremy Niemi, P.Geo. Vice President, Geology, who is a Qualified Person under Canadian Securities Administrators guidelines.

About Noront:

Noront Resources Ltd. is focused on its significant and multiple, high-grade nickel-copper-platinum-palladium, chromite and vanadium discoveries in an area known as the "Ring of Fire", an emerging multi-metals district located in the James Bay Lowlands of Ontario, Canada. Noront is the dominant land holder at the Ring of Fire and continues to delineate and prove up its discoveries with NI 43-101 technical and economic reports and an aggressive and well financed drill plan for the remainder of 2009 and 2010. All material information on Noront can be found on the Company's website at www.norontresources.com or at SEDAR at www.sedar.com

	                                                        Wesley (Wes) Hanson	                                        President & Chief Executive Officer	    ==================================

Here's why da Rock plunked down 'is cash

====================
UC Drilling in SPQ/KWG West Block – Oct 2009

http://www.ucresources.net/_resources/Pages_from_SHA_UC_ZTEM_Drill_Report2.pdf

http://in.us.biz.yahoo.com/ccn/090804/200908040545950001.html?.v=1

Extract:

posted on Sep 03, 09 01:10PM

That's a fair question. One I kind of expected, too.

The more traditional aerial survey methods, e.g. Aerotem or VTEM, are active methods for surveying for subsurface conductors. An aerial radio frequency transmitter and detector loop look for disturbances in the reflected signal caused by current flowing in the ground stimulated by the radio waves themselves. The main limitation of these methods is that they can only penetrate 250-400 metres, depending on the rock type.

ZTEM is a passive system. It detects minute variations in the Earth's own field caused by conductors in the ground. The advantage it has over e.g. VTEM is the depth penetration.

When you look at those pages, the top two sets of images are of the East Block VMS district near the old Spider targets known as VMS 5 and 6. The large image to the right is a surface map of conductivity, looking down on the targets. The lines running the length of the image are individual transects flown by the helicopter. The coloured images to the left are called inversions. They are generated by a computer by a complex mathematical process which compares the various frequency responses along one of the transects.

These images are a little blurry when you blow them up (the originals are quite clear), but the top inversion is of transect L5040, which is shown on the surface map to its right. It is a two-dimensional model of the line 5040 in the region of the pink blobs in the map, showing a 10 kilometer long by 2 km deep slice of the subsurface rock. The colour scale on the inversion gives you the resistivity of the rock. Resistivity is the inverse of conductance, so the lower the resistivity, the higher the conductance. Conductors can be metal deposits. The best conductors are in blue and pink. I know the length scales are a little blurry, but inversion 5040 shows a two-part conductive body that together cover a strike length of about 4 km side to side, and goes from surface to a depth of 2 km (the depth limit of the method).

In a similar manner, we can interpret the next set of images (transect L4960) as indicating more intense near surface conductance, over a similar 4 km strike, but to a depth of about 1 km.

The image at the very bottom of the page is the inversion only, along one transect at the bullseye conductor combination on the McFaulds West block. That particular image shows a conductor of about 6 km length, dipping to the north, from near surface down to about 1500 metres.

ZTEM is not the type of geophysical method that will give you drill-ready targeting. It's just not distinct enough of an image to allow precise drill collar selections. Ground surveys (e.g. Crone Pulse EM) will give you that sort of detail. ZTEM draws your attention. Crone (or similar) fine tunes it.

If any of these conductors turn out to be ore-grade mineralization, I don't have to tell you that strikes of 6 km or so might be very exciting going forward. I must caution everyone that there is a heck of a lot more work to be done before any such conclusion can be reached. We don't yet even have the assays from the preliminary drilling conducted earlier this summer, so everything is still entirely speculative. It may yet require a fairly substantial drill program to rule anything in or out. Even with clearly defined drill targets, more holes miss than hit, on average. But I must say, conductors in the multiples of kilometres long and hundreds of metres thick get my attention.

I have recently spoken extensively with Jim Voisin and his new target is indeed very interesting.

The following information is available in recent news releases:

The deeper target is over 10 kms long and 3 km wide.

The shallow target, although smaller, is thought to be within 30 meters of the surface.

Both targets are conductive and the smaller target has higher conductivity.

Both targets are situated within a highly magnetic anomaly

JVX Geophysics is currently conducting 2 ground geophysics surveys.

The first will identify the best location to place the drill and the proper angle at which to drill to test the shallow anomaly.

The second, an EM loop (TDEM), will test the deeper anomaly in order to more acurately predict it's location and depth. (It is believed to start at 350 meters).

It is anticipated and highly probable that the 2 anomalys are connected. These surveys are expected to verify this theory.

Following completion of these surveys, drills will be mobilized and the sahllow target will be drilled first.

Depending on the results of the shallow drilling and the TDEM survey, a deeper hole will be drilled in such a location as to test the deeper anomaly to a maximum depth of 600 meters. If the anomalys are connected they will attempt to drill through the entire length with the second drill.

IMHO potential investors should consider the following:

These anomalies are located within 200 meters of recent extensive Noront drilling, the resiults of which have yet to be reported in spite of investor requests.

These anomalies are located 12 km south west of Noronts eagle one.

ZTEM surveys show that the deeper anomaly is 10 km by 3 km by 1800 meters deep. The potential for massive reserves clearly exists.

The stock price is currently very "affordable".

UC recently drilled (Aug 2009) this magnetic zone and has requested "extended assays based on initial results".

Jim is showing great patience and maturity by delaying drilling pending further geophysics....previous ZTEM and VTEM results have provided plenty of evidence that a huge coincident conductor and magnetic structure exists at this "bulls-eye" location. Jim has explained that ground geophysics is more accurate than arial work in determining collar locations. (no air or trees to interfere).

These are simply some of my personal observations. Also I am not a geologist or the HOOV so bear with me. Please do your own Due Dilligence and research.

What say you HOOV?

SN