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)

Free
Message: Retail shareholders-can we unite again?
Reply New Message
Prev Message Back To Forum Threaded View Next Message

This is the agreement between Nornt-Murgor-Freswest (exerpt from NR Feb. 05, 2007)

Under the agreement, Noront has agreed to issue, subject to all regulatory
approvals, 750,000 common shares in aggregate, of Noront and further match
Murgor/Freewest’s total exploration dollars spent by them on the project over the
past several years, estimated to be approximately $4 million over three years, in
order to earn a participating 50% interest in the claims.
Noront shall at all times act as operator of the project and further shall have the
right to propose to complete a feasibility study and should Murgor/Freewest not
participate in the costs of such feasibility study, Noront may earn an additional 10%
3 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply