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)

Free
Message: Lining Up First Mining Finance Deals-Davis

Ringer, in the article you posted:

"These miners often generate significant amounts of silver and gold as by-products. To raise cash, they are increasingly willing to sell rights to their precious metal output to streaming companies at attractive prices."

I'm sure Sybil Veenman a former top executive at Barrick who is now at Noront appreciates the level of precious metals that have been found at Noront.

One of my favorite NR's from the past is below.

http://norontresources.com/noront-resources-intersects-high-grade-platinum-drilling-now-confirms-continuity-at-eagles-nest/

I hope Hoov doesn't mind me re-posting a portion of his post after his visit at the ROF which I believe was in 2010.

"I spoke for a good while with Jim Atkinson about the PGEs. He was particularly excited about the visible sperrylite (platinum arsenide) crystals visible in some of the core (70W2?). The platinum crystals were secondary (remobilized) deposits, and the hope is that there is a rich source nearby. I'm sure that's one of the prospective drivers for the deep drill program at Eagle's Nest. He also commented that the average PGE grade at Eagle's Nest is better than that of Magma Metals, which is billed as a PGE play. (I did not verify that assertion, however.)"

=================================================

So what happened to Magma metals?

http://www.marketwired.com/press-release/magma-metals-limited-unsolicited-proposed-takeover-offer-by-panoramic-resources-tsx-mmw-1614791.htm

Panoramic was successful with an offer of 1 Panoramic Share for every 7 Magma Shares

http://www.delisted.com.au/company/magma-metals-limited

==================================================

I'm pretty sure that since Magma was taken over ....and it was stated by a Noront employee...that Noront's average PGE grades are BETTER than Magma....certain folks might be quite interested in buying the rights to the precious metal output.

Share
New Message
Please login to post a reply