CORRECTION FROM SOURCE: Noront Resources Ltd.-Clarification for High Grade Initial Resource Estimate at Eagle One Deposit
14:54 EDT Friday, July 04, 2008
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TORONTO, ONTARIO--(Marketwire - July 4, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT) is issuing this press release to clarify two items disclosed in its July 3 release. Firstly, Noront retracts the usage of the word Windfall in its press release title in that it inadvertently draws potentially undue attention to a lottery style win rather than the intended reference to Noront's Windfall Lake property in Northern Quebec. Secondly, Noront retracts the usage of NSR $ value per tonne in its resource estimate table in that it implies that at least a preliminary economic analysis (scoping study) has been undertaken on the Eagle One property where in fact it has not.
Noront is pleased to report the results of an initial resource estimate by P&E Mining Consultants Inc. of Brampton Ontario on its recently discovered Eagle One Cu-Ni-PGE Deposit, lying within the Double Eagle Project located in the James Bay Lowlands, northeastern Ontario.............................