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: Noront Management conversation...

Noront Management conversation...

posted on Sep 08, 2008 11:30AM

I asked, "How good is our Chromite discovery?"



Answer, "Exceptional". Why? The thickness of the intercepts. The grades are equal to, or, superior to, the deposits currently being mined world wide. Many of the others "pale in comparison". The Chrome to iron ratio is superior as well. The overall size of the deposit is large and growing as they continue to drill. They are now down to 700 metres and still in Chrome, and sulphides. This lends credence to Roos 2000's comment today,

"also double eagle II being a monster on lower grades came from a good source."



Something that I had not heard before, is that Noront is finding the chrome to be a very useful "geological tool" to assit in tracking down the nickel/copper/pge motherlode.....hence the drilling continuing at depth.

All the above, is particularly meaningful in my opinion, due to the tone in which it was delivered, and the reputation of the speaker.

Another item is that Noront representatives are currently at the Denver Gold Conference. One of the reasons they are there, is because they were asked to attend, by a group they encountered on the summer road trip.



Holding with confidence, Canseco

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