Re: Noront Resources identifies distinct gold zone at McFaulds lake property
posted on
Oct 27, 2009 08:21PM
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)
"44 holes takes a few months to drill. Odd that they left it this long to mention."
Not odd at all. This group has had a plan for a long time and like wise investors, kept some dry powder for strategic moments. Remember that these guys are not so much explorers as business men with chess being part of the game. I'm sure that they also have all means of explaining why material info. was not revealed at an earlier time.