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: What If?? - miskealp - joesax con't
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Oct 23, 2008 04:54AM
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Oct 23, 2008 05:56AM
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Oct 23, 2008 06:33AM

Oct 23, 2008 07:04AM

sorry, got cut off at the bottom:

More of what NORONT is doing to increase share price:

Noront continues to drill actively both its nickel-copper-PGM and chromite discoveries, with a view to:
*expand the published nickel-copper-PGM resource at the discovery known as “Eagle One”
*articulate the magnitude and assess the continuity of the chromite results that have emerged at the discoveries known as “Blackbird One”
and “Blackbird Two”
*continue to build upon Noront’s strategic chromite potential, which could be attractive as an economic, geopolitical diversification strategy
for players within the ferrochrome sector, which is underscored by inflationary costs, power and supply issues in many parts of the world
at present
*continue to aggressively explore and develop Noront’s strategic landholdings in the McFaulds Lake area, which currently amount to
approximately 300,000 acres, held directly and through joint ventures, making it the dominant player by land position, in the region
The Company is pleased to be able to work with its financial advisors, J.P. Morgan Securities Incorporated and IBK Capital Corp., who, with
their complementary expertise assist Noront, even in these challenging financial markets to continue evaluate strategic alternatives to enhance the
development and funding of the Double Eagle Project, which management of Noront believes to be an important cornerstone in what may be a new
mining district in Canada.
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EXPLORATION HIGHLIGHTS
1) Assay results received from Hole NOT-08-1G43 (see Table 1) from Blackbird One returned 34.9 meters from
462.1 meters onwards, averaging 33.0% Cr2O3 containing 22.6% Chrome (Cr) and 14.5% Iron (Fe)
including 14 meters from 482 meters onwards, averaging 39.8% Cr2O3 containing 27.3% Cr and 15.7%
Fe (Cr:Fe ratio of 1.7)
2) Drilling over a one kilometer trend between Blackbird One and Blackbird Two continues to encounter chromite
mineralization in holes designed to test gravity anomaly.
One drill is currently drilling at the Blackbird Two chrome occurrence testing the area between Blackbird One and
Blackbird Two in systematic step outs of 100 meters to explore the intervening area to determine continuity of the two
chromium enriched zones. As previously announced (refer to press release dated July 29, 2008) Blackbird Two was
discovered while testing a large gravity anomaly extending approximately 1000 meters to the east of Blackbird One
and 1 kilometre south of the Eagle One magmatic massive sulphide (MMS) deposit. Current drilling is designed to
only indicate or outline, with widely spaced drill holes, the scope and ultimate potential dimensions of the chromite
mineralization.

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Noront and other Companies that continue to drill in the ROF area are now delineating a potential new chromite belt
that is still open at both ends along strike and to depth, where the ROF continues on ground wholly owned by Noront.
Preliminary discussions are underway between the four companies (Noront, Freewest, Spider and KWG) that are
actively exploring for chromium along this new belt, whereby they have agreed to share geological information. This
potential mega-project is rapidly progressing to the critical mass stage to support development. The Company is
committed to further identifying the chromite footprint
of Blackbird Two and testing its other holdings along the ROF
for chromite and related copper-nickel massive sulphide mineralization.

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Oct 23, 2008 07:36AM
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Oct 23, 2008 07:40AM
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