today news
posted on
Apr 28, 2009 06:51AM
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)
press Release Source: Noront Resources Ltd.
HIGHLIGHTSDrilling Details:
- Noront continues with two drills focussing on chromite over the break-
up period, exploring the Blackbird deposits
- Wide drill core intersections being encountered of massive chromite up
to 32.2 metres averaging 36.96 % Cr2O3 and resulting Cr:Fe ratio of
1.96
- Resource Drill pattern being adjusted to accommodate recent
metallurgical test results;
- Drilling continues on anomaly testing for new base metal, PGE
deposits.
Noront's winter exploration program was designed to delineate a chromium resource for the Blackbird deposits and to test airborne geophysical anomalies elsewhere on Noront's extensive properties in the Ring of Fire. The Company has continuously employed two diamond drills on the Blackbird deposits since early January, and will continue to drill through the break up period in the Ring of Fire area of Northern Ontario.....
Has thirteen holes assays, 7 holes were given, the rest had to go to Noront website to read...
Talked about 23 holes more on Cr after End March... progress very fast indeed
AT 12 drilled depth need to go down to > 400 meter
Others drilled holes, no visual reports..
From reading the last three news besides the appointment of CFO, I personally feel that the reports still missed something , very different from what RN wrote..
there are to many referrals/missing links in the news that makes a layman like me feels that the news can only interprete just OK instead of a good one..
Hope someone from the forum can assist.
BH