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: Vanadium
6
Apr 30, 2009 02:44PM
3
Jul 25, 2011 07:35PM

Sorry, we have our own, and it may be better than yours

TORONTO, July 29 /CNW/ - Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) is pleased to announce results from two additional drill holes at the newly discovered Thunderbird vanadium occurrence where significant concentrations of vanadium, titanium, and iron were reported in Noront's April 30, 2009 Press Release http://www.norontresources.com/News/Release/143. The Thunderbird anomaly is located in the McFaulds Lake area of the James Bay lowlands within the Ring of Fire mineral district.

HIGHLIGHTS

-   Drilling extends vanadium and titanium mineralization over a
    900 metre strike length;
-   Drilling confirms significant width component;
-   Hole 2G24 intersected 164.9 metres of 0.36% V(2)O(5) including
    45.9 meters 0.51% V(2)O(5) and 113.7 metres of 0.33% V(2)O(5)
    including 20.9m of 0.47% V(2)O(5);
-   Hole 2G25 intersected 241.4 metres of 0.37% V(2)O(5) which included
    59.8 metres averaging 0.54% V(2)O(5);

Mr. Wes Hanson President and CEO of Noront, states that "The extensive vanadium mineralization at Thunderbird is further evidence of the robust potential of the Ring of Fire. Thunderbird is the third intriguing target discovered on our claims in the Ring of Fire. Recent developments at the Eagle One and the pending resource estimate for the Blackbird chromite deposits will continue to be our primary focus for the foreseeable future."

Geology of the Occurrence:

The Thunderbird anomaly was identified by ground magnetometer and gravity surveys completed during the fall and winter of 2009. This data, combined with existing airborne electromagnetic and magnetometer surveys (VTEM), identified the Thunderbird anomaly which was targeted for follow up drilling.

Three holes were completed on the Thunderbird anomaly. Hole NOT-09-2G21, reported April 30, 2009 http://www.norontresources.com/News/Release/143 was drilled through the centre of the interpreted anomaly at an inclination of -50 degrees and intersected two distinct zones of mineralization.

The following table presents the results for hole NOT09-2G24, collared 300 metres to the north of hole 2G21 and NOT09-2G25, collared 600 metres to the south. Both holes were drilled using the same collar orientation and dip as hole NOT09-2G21.

Select assay results for Holes NOT-09-2G24 and NOT-09-2G25 are shown in Table 1.

-------------------------------------------------------------------------
Hole            From       To       Interval  V(2)O(5)  TiO(2)  Fe(3)O(4)
                 (m)       (m)         (m)       (%)      (%)      (%)
-------------------------------------------------------------------------
NOT-09-2G24
 (A zone)       64.73     229.59     164.86     0.36     2.79      24.63
-------------------------------------------------------------------------
including      111.15     133.18      22.03     0.47     3.89      30.54
-------------------------------------------------------------------------
and             170.0      215.0      45.87     0.51     3.59      30.85
-------------------------------------------------------------------------
Then (B Zone)  319.91     433.56     113.65     0.33     2.65       23.2
-------------------------------------------------------------------------
including      331.00     351.90      20.90     0.47     3.34      28.51
-------------------------------------------------------------------------

-------------------------------------------------------------------------
NOT-09-2G25
 (Single Zone)   75.8     317.21     241.41     0.37     3.07      25.85
-------------------------------------------------------------------------
Including      119.95     145.48      25.33     0.44     3.39      28.52
-------------------------------------------------------------------------
and            183.78     243.54      59.76     0.54      4.4      33.46
-------------------------------------------------------------------------

Notes: Drill intercepts are not true width intercepts; all measurements are in metres. Fe is reported as Fe(3)O(4) to serve as an approximate estimate of the modal abundance of magnetite in the whole rock. Actual magnetite modes are somewhat lower because some Fe is also contained in ilmenite and silicate minerals. To calculate Fe as Fe(3)O(4), one multiplies the concentration stated as Fe(2)O(3) by a factor of 0.9666.

Please follow the link to Noront's website for locations of the Thunderbird holes. http://norontresources.com/find/id/14/7b

The three holes drilled in the Thunderbird magnetic and gravity anomaly suggest a mineralized strike length of over 900 metres and overall widths between 165 and 242 metres. The assay results suggest that the vanadium mineralization in this zone may be economically significant. The results to date suggest that there is every reason to believe that similar mineralization extends to the limits of this 1.6 km linear magnetic trend. Numerous other linear highly magnetic anomalies exist within Noront's claims in the Thunderbird area.

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