Structure

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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CMP

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Structure

posted on Jan 27, 2009 10:23AM

Noront has some structural issues it needs to address. For one, the new CEO who will complete our corporate structure and hopefully provide some leadership and get us out of this nonproductive noncommunicative consensus arrangement we have now. That is a big issue but even bigger is the structure of the blackbirds. Freewest are describing their orebody, giving estimated true thicknesses, strike lengths etc. based on eight or ten holes. Impressive grades and impressive dimensions. However, I can't find any projection of the Noront thicknesses other than a mention of a 30m massive thickness and we have quite a few holes drilled. The problem is the angle set up on the drill impacts the core length of chromite drilled but doesn't tell you the thickness. You can position a drill at 60 degrees dip and encounter the ore all the way down for probably 500m or more since it is open at depth. Some of our assays are 36.2m at 43.8% and 75m at 38.2% but what does that mean? Unless Rockaur interprets and plots and models the orebody, we don't know what the structure of the orebody is. It appears that NOT is being ultra conservative in not only divulging assays, but also interpretive analysis.

Another structural issue is the ore itself. This deals with the composition of the ore and how it is adhered to the waste rock, how difficult it is to crush, separate and concentrate. KWG had a James Guilinger of World Industrial Metals do petrographic and XRF/XRD (whatever that is lol) analysis on eight selected coresamples of "BIG Daddy" Apparantly the results were excellent which augers well for all the McFaulds chromite deposits or so you would think. Noront has done some preliminary analysis and in their technical report they give a very short statement on it. Ten random sections were analyzed and the CR:FE ratio's ranged from 1.6 to 2.2 and that when processed, the resulting concentrate would likely exceed 52%. This is significant and positive because the higher the grade of concentrate, the higher its value per tonne and the lower the shipping costs.

I am sure work of this nature is ongoing but we are not receiving the information or the interpretation.