Re: Pending Assays - Eagle 3
posted on
Jun 05, 2008 07:47AM
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)
AT4 ANOMALY
A total of 951 meters in three holes were completed to test airborne anomaly AT4 and its southwestern extension, located 5.5 kilometers southwest of Eagle One. Two holes encountered volcanogenic massive sulphide ("VMS") style mineralization in intermediate to felsic volcanic assemblages and the third hole was lost. The holes returned several large widths of barren sulphide mineralization in favourable volcanic rocks uncomformably overlying the Ring of Fire. Minor visible copper - zinc mineralization observed here justifies continued exploration along this favorable north-east to south-west trending stratigraphy. All samples selected will be reported upon once assays have been received. The following table lists the holes drilled in this anomaly area; all assays for these holes are pending.
AT8 ANOMALY
Only one hole tested this anomaly located 6.3 kilometers to the southwest of Eagle One and 2.0 kilometers east of AT3 anomaly. Hole NOT-08-1G29 tested airborne anomaly labeled AT8. The hole encountered altered peridotite with little sulphide mineralization. The peridotite exhibited strong chlorite alteration and only minor sulphide mineralization was observed. No sampling was done on this hole. Deeper penetrating geophysical surveying is required here to further explain the cause of the airborne anomaly.
ON SITE QUALITY ASSURANCE / QUALITY CONTROL MEASURES
The aforementioned assay and sample information, as well as geological descriptions are taken from drill logs as prepared by the Project geologists for the drill program onsite. Billiken Management Services Inc. is providing all services on site for the Noront Double Eagle Project., Billiken is a holder of Certificate of Authorization issued by the Association of Professional Geoscientists of Ontario. All samples from the early part of the 2008 exploration program were submitted to SGS Mineral Services in Toronto, Ontario. Samples were selected in the field under the supervision of the site geologist, then were cut by diamond saw. One half of the sample is retained for record at the base camp, the other half of the sample was placed in a plastic bag and individually sealed. The sealed bags are then placed in durable rice bags in batches of 5 and a numbered security tag seals each rice bag. The rice bags are placed in plastic pails and batches of 40 samples were sent by bonded courier to SGS Mineral Services in Toronto, Ontario.
INDEPENDENT QUALITY CONTROL AND ANALYTICAL PROTOCOL
A thorough quality control program was implemented for the Double Eagle project which included grouping samples into batches of 35 into which was added 2 certified reference material standards, 2 field blanks comprised of sterile drill core, and a field duplicate. It can be said with confidence that all assays as reported in this Press Release have passed the strict quality control guidelines as set out by an Independent Qualified Person ("IQP").
All samples reported upon herein were completed by SGS Mineral Services (SGS) at Toronto, Ontario or Activation Labs (Actlabs) of Ancaster, Ontario. The samples submitted to SGS were analyzed using four acid digestion followed by multi-element analysis ICP40B. The samples that received base metal analyses greater than the detection limit using the multi-element analysis underwent further analysis using FAI323 (Fire Assay) for precious metals and ICP90Q for copper and nickel. For more information on assay methodology please visit the SGS website www.sgs.com.
Drilling results in this press release have been reviewed and approved for dissemination by Noront's senior management including Neil Novak P.Geo., a director and Vice President-Exploration and John Harvey P.Eng. Executive Vice President of Noront, being Qualified Persons under Canadian Securities guidelines.
This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".
Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,493,883 shares issued to date.
Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to NOT@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.
ON BEHALF OF THE BOARD OF DIRECTORS
R. Nemis, President and Chief Executive Officer
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information, please contact
Noront Resources Ltd.
Richard Nemis
President and Chief Executive Officer
(416) 864-1456
(416) 367-5444 (FAX)
Email: info@norontresources.com
Website: www.norontresources.com
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