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: drill result comparables and price per tonne

drill result comparables and price per tonne

posted on Jan 30, 2008 05:10PM

Drill Results Comparables

Noront’s drill hole results

Length

(m)

Nickel

(%)

Copper

(%)

Platinum

(g/t)

Palladium

(g/t)

Gold

(g/t)

Silver

(g/t)

Value /tonne

(CAD$)

NOT-07-01 36.0 1.8% 1.5% 1.1 3.5 0.1 4.8 712

NOT-07-02 57.9 2.0% 1.4% 1.0 3.3 0.1 5.3 740

NOT-07-05 (average) 117.4 4.1% 2.2% 2.1 7.1 0.4 6.3 1,468

NOT-07-05 (47.4m-115.6m) 68.2 5.9% 3.1% 2.9 9.8 0.6 8.5 2,094

NOT-07-05 (112.6m-115.6m) 3.0 8.7% 10.9% 40.8 14.6 9.4 8.7 5,800

NOT-07-07 51.5 3.7% 1.5% 2.3 7.5 0.8 5.2 1,338

NOT-07-09 45.6 2.9% 1.8% 0.6 7.2 0.2 5.0 1,028

NOT-07-11 21.3 1.7% 1.0% 0.6 3.8 0.1 3.9 607

NOT-07-12 94.5 1.4% 0.6% 0.7 2.6 0.1 1.9 489

NOT-07-14 64.1 1.5% 0.8% 1.0 2.8 0.1 — 546

NOT-07-17 81.0 1.6% 0.8% 0.9 3.0 0.1 3.1 560

NOT-07-18 124.6 2.4% 1.1% 1.1 3.9 0.3 3.9 834

NOT-07-27 46.2 6.3% 2.8% 1.9 10.2 3.0 7.3 2,182

Drill Hole Comparables

Voisey’s Bay, VB-95-07 104.0 3.9% 2.8% 0.0 0.0 0.0 0.0 1,327

First Quantum, Subo (highlights) 80.0 0.0% 2.2% 0.0 0.0 0.0 0.0 322

Aurelian, Fruta Del Norte, CP-06-51 237.3 0.0% 0.0% 0.0 0.0 4.1 8.5 128

Aurelian, Fruta Del Norte, CP-06-56 204.8 0.0% 0.0% 0.0 0.0 8.4 8.5 254

Aurelian, Fruta Del Norte, CP-06-57 189.2 0.0% 0.0% 0.0 0.0 24.0 21.4 727

Goldstrike discovery hole 150.0 0.0% 0.0% 0.0 0.0 33.9 0.0 1009

You know what? Here is the link. You can get a good idea of what they estimate for tonnage then add them up and divide and you have an average. But check hole over 2000 bucks each....Don

http://norontresources.com/investor/noront/2008-Jan30-Presentation.pdf

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