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: A few points

A few points

posted on Jan 15, 2009 02:58AM

From the Nov 26/08 news release from Freewest

"Assays obtained from the first hole drilled on the Black Thor chromite zone (BT-08-01), yielded 40.4% Cr2O3 over 46.3 metres

The above high-grade interval is contained within a broader zone of chromite mineralization assaying 30.1% Cr2O3 over a core length of 100.8 metres"

Then they go on to say...

"Additional assays from BT-08-01 including those for platinum, palladium, rhodium, gold, copper and nickel have yet to be received. Such assays will be released when available."

Which begs the question, is Noront testing their samples for platinum, palladium....ect?

They also give this interesting stat in that same news release...

"Currently, high-quality chromite producers in the world have ores that are characterized by chrome to iron ratios of greater than 1.8:1.”

The other point, which I can't find the quote as of yet, is with respect to the metallurgy of the chrome. I believe it was Freewest that mentioned they were going to test that aspect....the timing of that statement I feel is important as I suspect Noront should get similar results

The last point is this......finally, Noront has lifted the news blackout.....good....however, they still seem to be holding their cards close to their chest....no visuals, although the map clearly indicates they have been busy drilling between BB1 and BB2

I just hope that they don't do any further PP's without revealing all that is known so that we do not suffer further dilution at these fire sale prices.....or worse yet, a buyout

All in all, a good start to the year

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