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: Exploration highlights - NR

Exploration highlights - NR

posted on Oct 10, 2008 12:33PM

Exploration highlights

At Eagle Two, hole NOT-08-1G40 encountered 5.4 metres that averaged 2.17 per cent Ni, 0.77 per cent Cu and 0.23 g/t Pd. This was contained within a much broader mineralized zone of 24.7 metres that averaged 1.03 per cent Ni, 0.31 per cent Cu, and 0.11 g/t Pd between 270.8 and 295.5 metres down-hole. Hole NOT-08-1G42 encountered 2.19 per cent Ni, 0.78 per cent Cu over 1.8 metres starting at 425 metres down-hole.

Three drills continue with an aggressive drilling program on Noront's 100-per-cent-owned Double Eagle project, with one drill testing the chrome potential of Blackbird Two chrome occurrence, which is located approximately 1 kilometre east of Blackbird One (chrome component of the AT2 anomaly and stratigraphically related to Eagle Two). A second drill continues to test anomaly AT12 located 9.5 kilometres to the northeast of the Eagle One Deposit (see press release dated October 6, 2008), while the third drill has been moved to continue to test the depth and strike extension potential south of the Eagle One Magmatic Massive Sulphide Deposit.

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