Re: South Africa lots of chrome south Africa lots of platinum - palladium
posted on
Sep 04, 2009 12:00PM
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)
Roodepoort, this thing with Rhodium and NOT goes back in time and there has been much discussion on the board regarding same.
We have never been privy to any information surrounding Rhodium on NOT lands other than that given to us by Richard. To date, no assays on rhodium? Is it managements "jewel in the box" , to be saved for that rainy day, the kicker of kickers?
I do believe the samples were sent to Vancouver....
like Fantomas said back in August..
P.P.S. And where is the Rhodium ? Was the whole PGE suite analysed ?
Now that the "iums" are being thrown around again perhaps it would be good of NOT to clarify the situation surrounding the Rhodium indications.
09:00 EDT Tuesday, June 24, 2008 ......an excerpt from the release.
TORONTO, ONTARIO--(Marketwire - June 24, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT) is very pleased to announce it has been named to the 2008 TSX Venture 50, a ranking of Canada's top emerging public companies listed on TSX Venture Exchange. Within the TSX Venture 50, Noront Resources was the #1 ranked company in the mining category. The TSX Venture 50 identifies the top 10 companies in five major industry sectors, based on a ranking formula that includes revenue, return on investment, market cap growth and trading volume.
In a ceremony that took place at the Toronto Stock Exchange on the evening of June 19th, Kevan Cowan, the President of the TSX Venture Exchange, announced Noront Resources as the top ranked company in the mining sector and awarded President and CEO, Richard Nemis with the TSX Venture 50 Top Mining Company award for 2008. A video of the announcement and award, as well as, photos of the Noront Team, can be viewed at: http://www.agoracom.com/executive/TS...
Richard Nemis, President and CEO of Noront Resources, discusses the importance of this historical achievement via the following video address outside the Toronto Stock Exchange prior to the ceremony: http://www.agoracom.com/executive/TS...
DOUBLE EAGLE "RING OF FIRE"
This award is representative of the exceptional year experienced by Noront Resources Ltd. In September 2007, Noront announced the discovery of high grade nickel, copper, platinum, palladium, as well as, indications of rhodium on its Double Eagle property in the James Bay Lowland area of north-eastern Ontario, Canada. The discovery was then tested by several drill holes, three of which returned assays as follows:
- NOT-07-05 for which final assay results included 68.3 meters averaging 5.9% nickel, 3.1% copper, 2.87 g/t platinum, 9.78 g/t palladium, 0.61 g/t gold and 8.5 g/t silver. (See press release September 27, 2007)
- NOT-07-18 for which final assay results included 124.6 meters averaging 2.39% nickel, 1.09% copper, 1.12 g/t platinum, 3.86 g/t palladium, 0.28 g/t gold and 3.89 g/t silver. (See press release January 3, 2008)
- NOT-07-27 for which final assay results included 46.2 meters averaging 6.3% nickel, 2.8% copper, 1.9 g/t platinum, 10.2 g/t palladium, 3.0 g/t gold and 7.3 g/t silver. (See press release January 28, 2008)
The consistency of exceptional drill results at the Double Eagle project continued to add to the potential of this discovery. Thirty five holes were completed by early 2008 on the Eagle One magmatic massive sulphide deposit, the assay and drill hole data is currently being reviewed and compiled as required for an initial resource estimate, that is progressing extremely well. Noront continues to actively explore and stake ground in the area and currently holds 100% of over 48,600 hectares of prospective ground and is joint venture with several other resource companies on approximately 68,000 hectares. Collectively Noront holds interest in approximately 116,800 hectares or 1,166 square kilometers of staked land within the Ring of Fire exploration area.
The Noront discovery triggered an unprecedented staking rush in the area, including in excess of 100 mining exploration companies and a few major mining companies. The Ring of Fire area now totals approximately 4,000 square kilometers of staked land.
Cheers
Notster.