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: Outokumpu Oy - Keminmaa

Outokumpu Oy - Keminmaa

posted on Sep 02, 2008 02:40PM

No, that´s not Chinese, that is the company that is running the Kemi mine in Finland and the name of the mining area.

As I posted a couple of days ago, I found some interesting information about the Kemi mine and I still believe that the chrome story could be the turnaround factor for Noront and be a "company maker" towards the production stage.

Although it will be a long way and who knows what else and in what quantities the deposits in the RoF will be discovered, but Noront certainly did get it´s "new vision" with the chromite.

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"The closest geological analogs to the Blackbird One Deposit are the Kemi Mine in Finland, the Ipueira-Medrados Deposit in Brazil, and the Sukinda Valley Deposit in India.

All consist of massive chromite bodies up to several tens of metres thick and hundreds of metres long, hosted by ultramafic rocks predominantly consisting of dunite and harzburgite.

All the deposits are currently being mined.

The Kemi Mine is the best described of these similar deposits. It is series of 11 chromite deposits up to 40 metres thick. Chromite Ore reserves in January 2006 were 41.1 million tonnes grading 24.5% Cr

2O3 with Inferred Resources of 86.1million tonnes at 29% Cr2O3. Average mine production is running at 26% Cr2O3 with the Cr/Fe elemental weight percent ratio at 1.53.

These grades are significantly lower than what has been found at Blackbird One. "

(Source: NORONT MD&A Q4, Y/E 30 April 2008)

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So here is a bit of information about the Kemi mine and the stainless steel production of Outokumpu:

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