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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Noront shares lost their shine when it became apparent that this was not going to be anything close to a 'Voisey Bay' Nickel discovery. The ROF looked positive for a world class deposit and instead turned into an expensive and difficult search for rich 'pods'.

Now it appears that indeed a 'world class' deposit(s) are in the ROF but it's Chromite not Nickel. Not to say that other metals are valuable and add value to explorers market cap but developing a mining camp requires a 'World Class Deposit' and right now Chromite looks like a winner.



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