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: ACT LABS

ACT LABS

posted on Jan 27, 2009 07:32AM

As announced on March 25, 2008, resource studies at the Eagle One have commenced but this

work, as well as progress on the anomaly drilling, has been hampered by this extremely lengthy

turn-around time for drill core sample analysis. This is due to the current heavy demand on the

Analytical Laboratories. To alleviate the slow turn - around time for assays, the Company has

entered into an agreement with Activation Laboratories (“ActLabs”), headquartered in

Ancaster, Ontario, whereby ActLabs will provide priority processing to the Company in

exchange for a $200,000 advance payment used by ActLabs to construct a new lab facility in

Thunder Bay, Ontario. ActLabs will reimburse Noront at a rate of $5 per sample processed. At

present the new laboratory in Thunder Bay is accepting samples from the Double Eagle project

and providing sample preparation. The resulting sample pulps are forwarded to the ActLabs

Ancaster facility for final analysis. It is expected that the total analytical process will begin to be

accomplished in Thunder Bay sometime in May of this year. Noront anticipates that this will

substantially speed up the turn-around time for analytical results.



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Jan 27, 2009 07:44AM
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Jan 27, 2009 07:55AM
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