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: Vanndium News

Vanndium News

posted on Jul 29, 2009 04:09PM



[CNW] Noront Resources reports Thunderbird vanadium assay results


	    <<
	    Symbol:               NOT:TSX-V
	    Shares Outstanding:   154,578,457
	    Fully Diluted:        164,098,457
	    >>

	    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.

	    Quality Assurance and Quality Control:

	    All holes drilled are systematically logged and then sampled. Samples are
shipped regularly to Actlabs in Thunder Bay, Ontario for sample preparation
and initial analysis (TD-ICP) following strict chain of custody procedures.
Whole rock assay including V(2)O(5), TiO(2), and Fe(2)O(3) is performed at
Actlabs by fusion X-ray fluorescence analysis (fusion XRF). For fusion XRF
assays the samples are melted with borate fluxes and quenched to a glass bead,
which is then irradiated with X-rays. The secondary X-ray emissions are
counted and used, with reference to several calibrants, to determine the whole
rock composition including the analytes and all other major oxide components
of the rock. For more information on Actlabs analytical procedures please
visit the Actlabs website at: http://www.actlabs.com. Under Noront's QA/QC
program each batch of 35 samples includes one blank, two internationally
certified reference materials (ICRM; henceforth referred to as standards), one
quarter-sawn field duplicate, a coarse reject duplicate, and a pulp duplicate.
The pass/fail criteria for the new V standard are the same as for the Cr, Cu,
Ni, Au, Pd and Pt standards previously reported. In particular, if measured
concentrations in standards differ from accepted values by more than two
standard deviations of the method as determined by numerous XRF repeats on the
standards at Actlabs, the entire batch fails and is re-analysed. Duplicates
and standards will be monitored to detect and correct, if necessary, any drift
bias or changes in precision that might appear through time. All QA/QC
procedures and checks are carried out by Tracy Armstrong, PGeo, of P&E Mining
Consultants Inc, who acts as the Qualified Person for Noront on matters
pertaining to assays.
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