Re: update of drilling - from OCT 6
in response to
by
posted on
Nov 16, 2008 08:00AM
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)
Interesting in that this is basically a repeat of the Oct 6th release, yes?
Maybe this is a renewed attempt at getting the word out.
BK
Noront Resources Ltd. TSX VENTURE: NOT |
TORONTO, ONTARIO--(Marketwire - Oct. 6, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT) is pleased to report the following additional drilling results from the AT12 Anomaly site in the McFaulds Lake area of northern Ontario in the James Bay Lowlands.
Diamond drilling continues as 9 holes have been completed to date, one hole abandoned due to flattening (NOT-08-2G9) and two holes abandoned after 3 unsuccessful attempts to reach bedrock for each (hole nos. NOT-08-2G5 and 6). To date with the completion of hole no. NOT-08-2G12, 3665.5 meters (including 684.9 meters of overburden drilling) has been completed. While several weeks were lost with the unsuccessful attempts to penetrate the difficult overburden, the program is now progressing well by fanning out with multiple holes from drill set-ups where the thick overburden can be penetrated.
Assay turnaround time continues to be excessive (6-8 weeks) with assays from NOT-08-2G1 being previously reported and hole no. NOT-08-2G2 reported below. There are samples out from four other holes with assays pending. Two holes as indicated in Table 1 did not intersect any significant mineralization. The 9 holes completed to date have tested the north-south striking Airborne AT12 coincident, magnetic-conductive Airborne anomaly, which continues weakly to the south and abruptly terminates to the north where the overburden thickness increases. Drilling thus far has encountered significant iron-copper-nickel sulphide mineralization within a Peridotite host rock (conduit) encased within an older Granodiorite Intrusive similar to the Eagle One geological environment 9.5km to the southwest. The Peridotite host has not returned any significant sulphide mineralization below 200 meters thus far. The strike length of the occurrence tested to date is approximately 150 meters and core widths of the near vertical MMS dipping sulphide occurrence varies up to a maximum of 46.7 meters. The AT12 mineralized occurrence remains open to the south where future drilling will be carried out as well as fill-in definition drilling for Resource Inventory calculations.
Extension of the favourable Peridotite filled conduit will be tested along the north-south strike projection with deep penetrating geophysical methods to outline conductive bodies similar to AT12 beneath the existing shallow detection limits of the existing Airborne technology.
A previous press release (dated September 15, 2008) provided details of the first eight holes. The following table provides details of additional drilling as well as observed visual mineralization in the last two holes recently completed.
TABLE 1
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Hole ID Easting Northing Azimuth Dip Length Mineralization
UTM(m) UTM(m) (m) (observed)
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NOT-08-2G9 553990 5850520 295 -45 295.0 Hole abandoned due to
excessive deviation
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NOT-08-2G10 553990 5850520 295 -62 627.0 No significant
mineralization
encountered
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NOT-08-2G11 553772 5850735 315 -60 225.0 122.7-169.4 (46.7m)
Mineralized Peridotite
disseminated with
intermittent massive
to semi-massive bands
iron, copper, nickel
sulphides
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NOT-08-2G12 553772 5850735 315 -65 291.0 189.2-233.1 (43.9m)
Mineralized Peridotite
disseminated with
intermittent massive
to semi-massive bands
iron, copper, nickel
sulphides
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Assay results have recently been received for hole NOT-08-1G2.
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Hole ID From To Int. Ni% Cu% Pt Pd Au Ag
(m) (m) (m) (g/t) (g/t) (g/t) (g/t)
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NOT-08-2G02 196.5 226.1 29.6 0.72 0.18 0.13 0.57 0.21 0.13
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including 216.3 226.1 9.8 1.41 0.29 0.16 0.77 0.55 1.54
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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.