This release says...
Once underground, Noront expects to complete Phase 1 of the underground programme during the third quarter of 2008. This phase will enter the NOT-06-100 area about 100 metres below surface and two other mineralized zones at shallower depths.
remember this?
The first three holes (NOT 06-97 to 99) failed to encounter any new significant gold mineralization, however the fourth hole (NOT-06-100) encountered three significant zones of gold mineralization, the best of which covered a total width of 4.80 meters (15.7 feet) consisted of six individual split core samples, two of which contained visible gold. Each of these latter six samples were assayed twice (using two split/separate pulps of the same sample) with the normal fire assay method and a third time (a third split/separate pulp of the same sample) with a metallic screen test.
The assayed, weighted average of the three assay tests for the six individual samples over the 4.80 meters (15.7 feet) were; 1792.9 g/t (52.30 oz/t), 800.1 g/t (23.33 oz/t) from the fire assays and 1327.9 g/t (38.74 oz/t) for the metallic screening assay.
We have A LOT to look forward to this year.
BK