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: From March 3 Nothern Miner

From March 3 Nothern Miner

posted on May 18, 2008 01:31PM


A few quotes from the above March 3 issue which offers some perspective for what may be coming soon to a news release near you!

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Title: Eagle one unlikely to be isolated occurence:

...Massive sulphide intersections from 35 holes to date have been notable for their high grades of nickle, copper, platinum, palladium and, more recently gold and rhodium.

...looking less like a standalone occurence and more like part of a magma conduit that could contain other massive sulphide deposits. "we... could find another blow of massive sulphide down along that conduit" says Neil Novak.. "The current drilling program is designed to test that".

...Noront is seeing evidence of mineralized sills at the northern flank of the occurence... more drilling is needed to test this theory...

"We don't want to be drilling blind because the cost of drilling up there is horrendous" he (Neil) says.

The original program will attempt to outline more anomalies that carry Eagle One's geophysical signature: and electromagnetic conductor... with an associated magnetic high. Those with the strongest signatures will be drill tested [recent FWR joint announcement included?].

Noront completed a $26 million fiancing... and is spending about $2 million per month in the effort.

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Should be a VERY interesting week ahead!

BK

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