11 drills Voisy bay...Noront needs at least 5+9 =14 drills

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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bernardho

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11 drills Voisy bay...Noront needs at least 5+9 =14 drills

in response to

Re: 4 drills now working on NOT territory - Don

cappysmart

posted on Aug 27, 2008 08:37AM

From previous news, Noront act as operator for :

WSR, SV, SFF, Lund , 2 JV with Intrinsic , Bold , Passport metal and/or Hui ( not mentioned in News )

Total 8 + 1 , assume each JV has only one drill operating,

Noront needs at least 5 + 9 = 14 drills when VTEM mapping and Geophysics finished, when all in drilling/exploration stage...

in addition,

JV with Temex and Baltic...Temex is the operator ( immense land )

JV with FWR ...... FWR is the operator

Grand total drills : 5+ 9+ 2= 16 drills ...all result will certainly affect Noront share price

So far we have 4 drills on Noront ground...

From BMK forum, I was amazed that the drillers had taken 2 weeks rest after they only started in early July..

An indication that the resources is very ,very tight in DE area..

Not to mention the labs , helicopters so on and so forth....

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