Agoracom: Small Cap Investment - Noront Resources

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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Re: gravel supply

posted on Dec 01, 2010 02:58PM

In Ontario you get the right to explore for 'subsurface' minerals when you 'stake a claim'. Surface deposits such as sand and gravel belong to the government and are not covered when you stake a claim. Sand and gravel DO NOT belong to the owner of the claim.

If you or I want to set up a 'gravel pit' on someones claim you apply to the goverment, meet their requirements and if they grant you a permit you pay royalties on production.

When you own a claim you do not own or control surface rights. The government does and they can grant those rights to anyone they want to.