Folks, this is where the strength of our investment lies in the next few years, the chromium is later, if are in it for that many year:
“The exploration focus for 2018 is on copper/zinc mineralisation at the Butler and McFaulds deposits, between which the company has already outlined a million tonnes grading nearly 4% copper and 1.1% zinc,” president and CEO Alan Coutts told Mining Weekly Online in an interview.
He said their development could potentially move up the priority list as prices for these commodities continue their respective upward trajectories.
The McFaulds #1 and #3 volcanogenic massive sulphide (VMS) deposits are the centrepiece of an 80-claim property held 85% by Noront and 15% by KWG Resources.The Butler claim block consists of 77 claims covering a well-defined VMS trend (75% Noront, 25% MacDonald). Previous exploration work has returned notable copper and zinc showings at Butler Zones 1 to 4.
Coutts is extremely bullish on nickel and its increasingly important role in the electric vehicle supply chain. The high-grade nickel market has extremely compelling fundamentals that continue to tighten over the next five years.
Noront recently intersected encouraging mineralisation at the McFaulds No 8 volcanogenic massive sulphide (VMS) deposit, hosted on the property where the first discoveries in the RoF were made and which spurred the initial staking rush in 2002 to 2003.