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: So where would hole 08-44 be?
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To undercut the Eagle 1 deposit with the azimuth and dip specified, the UTM co-ordinate would probably be in 547100 to 547200 range.

In order to undercut Eagle 1 deposit for a collar set at Easting UTM 547700, the azimuth I believe needs to be more like 270.

If in fact the released information is accurate, this may in fact have identified something that is out to the East that is significant.

This is extract of the table that was released including 08-44 info:

http://www.norontresources.com/proje...

Drill hole location data
EAGLE ONE
Jan-09
HoleID Anomaly Northing UTM Easting UTM azimuth dip Length
NOT08-36 Eagle1 South 5843426 547350 270 -50 294
NOT08-37 Eagle1 South 5843426 547746 270 -50 489
NOT08-38 Eagle1 South 5843426 547560 270 -60 513
NOT08-39 Eagle1 South 5843314 547576 270 -50 633
NOT08-40 Eagle1 South 5842850 547014 90 -55 519
NOT08-41 Eagle1 South 5842850 546814 90 -50 544.3
NOT08-42 Eagle1 South 5842850 546814 270 -70 342
NOT08-43 Eagle1 South 5482825 547225 vertical -90 425.9
NOT08-44 Eagle1 South 5843600 547700 90 -50 375
NOT08-45 Eagle1 South 5843600 547700 90 -60 404.4
NOT08-46 Eagle1 South 5843558 547014 90 -50 471

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