Re: I just spoke with Richard - Cadillac - QQ
posted on
Dec 05, 2007 09:15AM
The New Brunswick situation is looking very good.
A couple of weeks ago Geodex reported that their Sisson Brook Prospect would be moving toward Production aimed at Q2, 2011. Geodex also recently found additional Mineralization adjacent to their Development Project at Sisson Brook and added significantly to their own Claims there.
This is very important and equally significant for Noront/Cadillac as these two areas are very close to one another and with the recent additional claim staking by both these two may now be adjoining one another. Will know for sure when revised Claim Maps are made.
What is actually the most significant aspect of all this is that Geodex is signaling that they have the full support of the New Brunswick Government and Environmental considerations are positive (ie. NOT a concern). Thus Development permitting is expected to be procedural in nature. That is very reassuring for Noront/Cadallac as it is breaking the ground work for them in advance of their own process in like manner. The Burnt Hill Project will consequently be hot on the heals of Geodex.
With likely reshuffling of the Properties Holdings Deck (a well stacked deck may I add) Noront has there can be some interesting dealings in store in New Brunswick as well. Noront has potentials we are NOT looking closely enough at due to the excitement DE has been generating.
Personally, I like what I see in New Brunswick and wisely, so does Richard Nemis. Thus, the thoughts on the triple Spin Out being made a month or so ago!
So, just imagine the legal acrobatics Noront is currently juggling to prepare for all near term eventualities.
Ready for some HEAD SPINNING action? Could be the thrill of a life time (just maybe an understatement)!
Old Joe
PS: DE, WF, and BH! And these are only the three most prospective of many very prospective Noront situations.