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: Re: Exploration History-McFaulds - geoprof
27
Sep 19, 2008 06:49AM

And in the big scheme if things;

If the Global Banking Markets remain well stressed, as looks to be the case, for years to come it will be sufficient Nickel Grades/Tonnage that will allow Noront Resources to Develop this Mining Camp independant of seeking a Billion Bucks for rapid Development. Theus the New Vision thing. And by the apparent sound of the Corporate behaviour and comments (including thise by FWR in recent days) it is Nickel they are looking to build up Tonnage on so as to be able to move to the next level - DEVELOPMENT. To date the Drilling is telling them there is Nickel struen throughout the entire area but mostly in relative average grades as opposed to very high grade deposits. And they believe, based on Theory and Example, that there has to be several DE1" look-a-likes" in the immediate area if not a FEEDER SYSTEM from which the Disimated Nickel was delivered to the area. But locating these twins of DE1 is CHALLENGING due to the nature of the Geological Event(s) that created the entire mineralized area. The Geophysicals are telling them there is huge potential for Chromite and hinting at the idea that there is/are Nickel Deposits/Pods waiting to be found/discovered, but the Geochemistry/Geophysics is NOT making finding the Nickel so easy.

Old Joe

PS: Hope the rush typing is decent and the thinking cohearent!

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