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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Message: All this talk about SPQ and...

The new technologies for surveying area (aerial as well as ground) before drilling does help by eliminating areas were it's just not worth wasting money on drilling. It doesn't however mean anything economic is down below. This 'technology' has been used for a good few years now and junior exploration companies haven't been all of a sudden hitting the jackpot because of it.

Noront actually stands to benefit more than anyone else however because they actually have results from an indicated anomality and can trace that 'stringer or pod' and try to match it up with others in close proximaty. Odds of them benefiting from aerial and ground surveys are better than any other player in the area.

*Fancamp are interpreting these surveys to indicate a continuation of the 'stringer or pod' mineralization heading over their property. It stands to reason Noront would like to tie up this property with a jv but evidently FNC aren't interested, yet! FNC can afford a couple of drill holes and will then want to deal with Noront. Going to be interesting to see how that will play out but bet RN will want a great deal for Noront.

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