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: Neil Novak transcript

Neil Novak transcript

posted on May 22, 2008 06:20PM

While we're waiting for news of our own, here's another blast from the past.

Ring of Fire corporate luncheon March 6, 2008

Interview with Neil Novak, chief geologist for Noront



Agoracom: What we’ve got on the table here is some core from hole 27. Neil, if you wouldn’t mind, why don’t you take us through some of the pertinent facts of what we’re looking at here.

NN: Okay, yeah, this is the entire section, the mineralized section of hole 27. We started off, the drill went through the granodirite, which is the surrounding rock, and it entered the massive sulphide zone at this location here ( pointing) and we maintained ourselves in massive sulphide for most of, about 46 metres in this particular hole. The average grade over the whole intersection was 6.5 percent nickel, but there’s some very interesting parts of it as we go along. See all this first part is all massive sulphide and then we eventually grade into net textured rock, which is down about 4 or five boxes ( of core sample display boxes). While we were logging this and sampling it, some little things pop out at you. One of them is assays in gold that are extremely high, 160 grams, that’s about 4 or 5 ounces of gold per ton, over a metre and a half section. These are things that we are constantly getting in this body here, uh, it goes on and we have platinum, palladium grades all the way through it. I think the average grade of palladium over the entire section is about 10 and a half grams. Uh, and we went right through the whole massive sulphide zone with this, we wanted to put it on display so everybody here could have a good look at it and formulate their own opinion and have some fun with the geology.

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