HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Noront has 50% of the good ground..

Noront has 50% of the good ground..

posted on Jan 15, 2008 05:04PM

"Noront has 50% of the good ground around the ring of fire!" If one was to bet on a speculation you gotta like the stakes (no pun intended) that NOT represents.

I do get the impression they (Noront Management) are looking hard to get DE2, if for anything, to put the naysayers at bay and to get this project rolling. Again, this is very similar to the hunt by Diamond Fields (Voisey's Bay) as they two were working hard to find the next hole to confirm the size and value of their deposit; of course, I do not have to remind you what the outcome was there and Noront's DE1 demonstrated much better assay results over Diamond Fields discovery holes!! If Noront punch through another mineralized zone in their target zones, which are 5km aways from DE1 and they can replicate similar results then look out. We will be in for the ride of a life time.

No doubt after listening to JH in todays interview he would like to have his SP higher as they attempt to secure a JV partner. Given his monotone demeanor and borderline lethargic responses, it was difficult to collect any upbeat excitement specific to his own involvement in NOT; however, towards the end of his interview he did show some life by commenting on the potential around the whole McFaulds area which he does imply has tremendous opportunites for all of us. Regardless of how I feel about his presentation his comments were very much appreciated as we all look for any bits of information that supports our commitment in McFauld lake plays. Thanks for the update. Please continue to keep us informed.

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