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: Assays and timeframe?

The release sequence is not based on the receipt of each assay but rather a set of assays, which they then need to interpret before writing up the release in order to give an intelligent progress report.

It is not a matter of "Assay in?" "Put them on the web site!"

We have had surprizes at every turn (they weren't even expecting nickel when this started). I have no doubt they are working as fast as they can to put out the information, but in a manner that will hep the investor understand its total significance.

Here is a discussion from a mining journal which describes some of what is involved here. I know from the past that Noront is doing the best for us and the future of the company.

Cheers

BK

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e. ASSAYING

Two basic assay methods are available: geochemical and quantitative. Geochemical methods are semi-quantitative but have very low levels of detection and are generally used during the exploration drilling phase. Quantitative procedures are used during exploration, target analysis, and the sampling and analysis for ore reserve estimation and subsequent stages of development and operation. These may be by classical volumetric and gravimetric methods, calorimetric methods or instrumental analysis, or fire assay methods.

Precision and accuracy are best established and maintained through the use of reference standard samples or replicates (3 of each 20). When the results from control samples do not agree within acceptable limits, the entire group of assays must be rejected until the differences are resolved. [BK note: remember this one?]

Metallurgical testing of mineralized rocks is an essential step that must be carried out early in the investigation. Expenditures on a project should be curtailed when it becomes established that mineralization under investigation will not yield to current technology, or the treatment will result in unacceptable environmental problems.

5. DISCOVERY

Mineral deposits are detected by individuals, and the importance of the human resource cannot be overemphasized. Local knowledge, detection methods, and time and money expended are of little value if the explorationist fails to recognize or misinterprets favorable indications, fails to accurately record geological data, lacks accurate sampling data, or if management lacks the courage or economic or technical resources to proceed.

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