This is BIG. On Dec 21 NOT identifies a periodotite filled conduit in Eagle 1, which they say they will keep tracing to the south.
Yesderday they find it again, two kilometers away! If these are indeed connected this is stupendous!
Eagle 2 landed? NO Eagle 1 has S T R E T C H E D
ON DEC 21 Noront Reported:
TORONTO, ONTARIO--(Marketwire - Dec. 21, 2007) - Noront Resources Ltd. ("Noront")(TSX VENTURE:NOT - News) is pleased to announce further progress of the diamond drilling and geophysical program, as well as recently received assay results on its 100%-owned Eagle One occurrence within Noront's Double Eagle Project in the McFauld's Lake Area of northeastern Ontario. "The Eagle One occurrence continues to display consistent high grade intersections of Nickel, Copper, Platinum and Palladium over quite impressive widths. The southerly stepout assay results in hole 19 confirms that the Ni-Cu-PGE sulphide zone continues within the southerly striking peridotite filled conduit. We will keep on tracing this to the south and to depth after the Christmas break." states Richard Nemis, President and CEO of Noront
Yesterday NORONT reported:
"We are pleased to announce that semi-massive to massive sulphide mineralization has been encountered about 2 kilometers to the southwest of Eagle One, in what is believed to be a peridotite filled conduit of the Eagle One magmatic massive sulphide occurrence. Our new drill objectives are to focus on this new occurrence and also to complete drill testing several other high-priority geophysical targets within the Double Eagle project area," states Richard Nemis, President and CEO of Noront.
I think John Defur or someone pointed this out already, but somehow I missed the importance here until I started re reading the news release, then did a google search on 'peridotite filled conduit' and lo and behold, google found the Dec 21 release to match.... the same conduit 2 kilometers away!!!
Sweet Jeheebus!
BK