Northern Miner
posted on
Dec 31, 2007 03:36AM
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)
It is a good chase to see what this article do today! if it atracks new investors. Then we now how long it takes for news is spreading........
#13931 - From: The Northern Miner, Monday, December 31, 2007
Noront reports new high-grade intervals at Double Eagle
Noront Resources (NOT-V, NOSOF-O) is reporting promising new assay
results from its rich nickel-copper find in the remote James Bay region
of northern Ontario.Results from the Eagle One occurrence at Noront's
Double Eagle project, in the McFaulds Lake area, appear to lend weight
to the company's belief that it has stumbled upon what could become the
country's next large base metals camp.Assays from new drill-hole data
indicate high-grade intersections of nickel, copper, platinum and
palladium over "impressive widths," the company said in a press
release.Highlights include hole 14, where 3.6 metres of massive
sulphides averaged 3.43% copper, 7.45% nickel, 5 grams platinum per
tonne, 9.1 grams palladium and 0.12 gram gold, at depths of between
52.8 and 56.4 metres.Those intervals were part of a much larger
intersection at depths of between 45.9 and 80 metres, which averaged
1.22% copper, 2.28% nickel, 1.6 grams platinum, 4.13 grams palladium
and 0.14 gram gold.The assay results also show a lower-grade zone from
80 to 110 metres, averaging 0.28% copper, 0.59% nickel, 0.37 gram
platinum, 1.18 grams palladium and 0.1 gram gold.Hole 16 encountered a
net-textured peridotite section combined with the massive sulphide
section over 12.7 metres, between depths of 121.1 and 133.8 metres,
averaging 1.55% copper, 2.4% nickel, 2.63 grams platinum, 5.1 grams
palladium, 0.12 gram gold and 4.5 grams silver.That hole also
encountered a lower-grade section between 92.9 metres and 121.1 metres
at a width of 28.2 metres, averaging 0.5% copper, 0.57% nickel, 0.47
gram platinum, 1.5 grams palladium, 0.17 gram gold and 1.5 grams
silver.Since drilling began on the Eagle One occurrence in late August,
Noront has completed 5,047 metres of drilling in 27 diamond-drill holes.
In addition, Noront said preliminary analytical work on
selected samples for other platinum group elements suggest that rhodium
is also present. Rhodium "could add significant value to the zone's
resource potential," Richard Nemis, Noront's president and chief
executive said in a prepared statement.The price of rhodium has shot up
to US$6,725 per oz. on Dec. 12 from US$452 per oz. in January 2004.
Rhodium is a silver-white metallic element and is used as a finish for
jewelry, mirrors, and searchlights. It is also used in electric
connections and when alloyed with platinum, can be used in aircraft
turbine engines. The metal can also be used, together with platinum and
palladium, to control exhaust emissions.