No estimate yet. This is what they are working on now. Very difficult with the drills alone. They hit gold in some 70 holes as I remember, over the last few years, but could not identity the trend. Thus they are putting down a ramp to the most promising areas. One of those being the mother of all holes.
BK
From the web site:
Summary:
This project currently covers two adjacent claim blocks (1,440 hectares) of which Noront holds a 100% interest.
Advanced drilling (over 200 holes to date) has outlined a number of high grade gold zones at various depths including 4.8 meters of 52.3 ounces per ton of gold.
The Company and its engineers have designed and permitted an exploration ramp (4.5 meter diameter) to bulk sample some of these zones. The ramp should greatly enhance the geological understanding of the mineralized system and allow the Company to formalize a resource estimate. Preparatory work is underway for the exploration ramp and construction is planned for January 2008.