NEWSSSSSS WINDFALL
posted on
Nov 05, 2007 09:57PM
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)
Noront Resources Ltd.: Further Deep Gold Mineralization Encountered at Depth on Windfall Lake Property
Monday November 5, 6:31 pm ET
NOT-07-152 (1465 mW, 414 mN, azimuth 165 degrees, dip -65 degrees) is a deep hole that passes more than 100 m below previously known mineralization. The following intersections confirm that mineralization has a substantial down-dip dimension.
------------------------------------------------ ------------------------------------------------ From To Interval Gold ------------------------------------------------ m m m ft g/t oz/ton ------------------------------------------------ 486.00 488.40 2.40 7.9 8.29 0.24 ------------------------------------------------ 502.00 504.00 2.00 6.6 10.80 0.32 ------------------------------------------------ ------------------------------------------------
Hole NOT-07-157 (1310 mW, 234 mN, azimuth 340 degrees, dip -70 degrees) reported three separate mineralized intervals as follows.
------------------------------------------------ ------------------------------------------------ From To Interval Gold ------------------------------------------------ m m m ft g/t oz/ton ------------------------------------------------ 244.35 248.00 3.65 12.0 4.65 0.14 ------------------------------------------------ 255.00 259.00 4.00 13.1 19.37 0.56 ------------------------------------------------ 300.00 302.00 2.00 6.6 16.12 0.47 ------------------------------------------------ ------------------------------------------------
This hole was designed to provide additional detail of another previously discovered zone with a view to generating a resource estimate.
The true width of these intersections has not yet been established.
The Company's previous press release, dated November 1, 2007, contains an error in reporting the second interval in NOT-07-150 that should read from 38.40 m to 41.10 m (not 46.10 m), interval 2.70 m. In addition the paragraph describing NOT-07-150 the interval not submitted for analysis should read "34.29 (not 33.29 m) to 38.40 m."
Assay samples are taken from (NQ) drill core sawed in half with one half, packaged and delivered to the Bourlamaque Assay Laboratory located in Val d' Or, Quebec for analysis. The remaining half core is stored in a secure location for future reference or further testing. The initial gold assay method comprises a 30-gram fire assay charge with an atomic-absorption finish for which the upper detection limit of this method is 10 ppm. Samples reporting greater than 2 g/t gold are re-assayed in duplicate using aliquots of the original pulp and of an additional split of the coarse rejects. The re-assay method comprises a 30g fire assay charge followed by a gravimetric finish.
Noront designates samples in batches of 20. Each batch includes a certified standard, blanks (currently silica gel) and duplicates that are inserted at random at a rate of about one of each per batch. Duplicate samples are prepared by quartering a sample interval and submitting the quarters under separate tag numbers. The assay laboratory also reports its internal standards, and blanks and duplicates. The Bourlamaque Assay Lab holds a certificate of laboratory proficiency for the analysis of gold issued under the Proficiency Testing Program for Mineral Analysis Laboratories which is administered by CANMET.
Gold assays are reported to the company in parts per million (ppm) and reported publicly by the company in grams per tonne (1 ppm equals 1 gram per tonne). Conversion to ounces per ton (oz/ton) on the attached Tables employs a factor of 34.2857 grams per tonne equalling 1 troy ounce per short ton and core width of significant zones is also given in feet (1.0 meter equals 3.28 feet).
One of the qualified persons responsible for overseeing and reviewing the technical data on the Windfall Lake project is Patrick Chance P.Eng. The technical information prepared for disclosure in this Noront news release has been approved by Mr. Chance.
The current diamond drill program utilizing two diamond drills is being completed in an orderly fashion as determined by the Company's geological team including Tracy Armstrong, P.Geo., (a qualified geologist in the Province of Quebec) of P & E Mining Consultants Inc.
Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 117,754,482 shares issued to date.
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