Good day to all shareholders.
posted on
Feb 24, 2009 08:20AM
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)
Good Day to you all. I have received several pm’s since my last post
regarding the shareholder group, thank you.I will try to respond by pm
on an individual basis asap. Meanwhile I’ve been looking over the drilling
at BB1 And BB2 to try to get a handle on just what we’ve got and where
we’re going with expansion of this known resource, I've Pasted some
assay results, notes and the current drillplan here today to give
everyone something to digest. I have my theory as too tonnage estimates
but do to the limited info I will reserve posting such until more info is
provided, which hopefully should be soon. From the drillplan jpg.
its evident that the strike length as shown is around 1600m, assays
received to date on BB2 while not near the results of BB1 are encouraging
and further delineation of BB2 should produce better results especially
if they do some down hole geophysics to get a better look at things.
On BB1 I hope they are doing some stepback drilling to define true widths
much as FWRs been doing, its my hope that pending assays will yield the
kind of results we are looking for. IMO, when I look at the different
areas drilled on BB1 we’ve actually moved off strike with this newer
drilling about 200m South/Southeast which to me suggests a potential
new zone not unlike that of Blacklabel on FWR claim,
I hope assays confirm this.
NOT-08-1G57 392.0 392.4 0.4 31.07 21.30 16.90 1.26
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NOT-08-1G59 273.0 283.2 10.2 36.60 25.00 17.30 1.45
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NOT-08-1G61 502.0 526.0 24.0 35.56 24.33 12.00 2.03
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NOT-08-1G64 510.0 527.0 17.0 43.84 29.98 15.02 2.00
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NOT-08-1G70 140.7 145.5 4.8 34.28 23.44 20.26 1.16
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NOT-08-1G72 433.0 441.5 8.5 25.47 17.43 9.14 1.91
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NOT-08-1G74 640.2 676.4 36.2 39.33 26.90 12.22 2.20
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NOT-08-1G76 260.7 266.6 5.9 33.68 23.02 14.64 1.57
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SELECTED ASSAY RESULTS FROM BLACKBIRD ONE
Hole ID from to length CR203 Cr/Fe
(m) (m) (m) (%) ratio
NOT‐08‐2GO1 192.1 241.5 49.4 39.1 2.34
NOT‐08‐1G20 246.4 285.7 39.3 31.6 1.35
NOT‐08‐IG20 (inc) 264.0 285.7 21.7 34.4 1.47
NOT‐08‐1G24 310.7 368.2 57.5 40.4 1.74
NOT‐08‐1G24 (inc) 324.0 364.5 40.5 42.3 1.83
NOT‐08‐1G28 355.5 425.1 69.6 39.6 1.82
NOT‐08‐1G28 (incl) 365.2 413.0 47.8 51.1 2.04
NOT‐08‐1G31 337.5 12.5 75.0 38.2 1.72
NOT‐08‐1G31 (incl) 373.5 385.5 12.0 58.4 2.57
Blackbird Two is a high gravity geophysical
Blackbird Two: Chromite Highlights
anomaly of 900 metres in length.
Early drilling of Blackbird Two has
identified three zones of massive chromite
layers that are up to 50 metres thickness
in aggregate.
The three zones are dipping to the north
and resemble Blackbird One’s grades.
Noront is conducting step out drilling at 100 metre intervals along and
Drills are moved by helicopter at McFauld’s Lake
across the anomaly to confirm the geophysical footprint of Blackbird Two.
Blackbird Two along with Blackbird One and a number of other high gravity
targets indicate the possible presence of a world class size (and grade)
resource
In light of a review of the mining and beneficiation practises of major
chromite producers elsewhere in the world, Noront has initiated a major
re-sampling program on existing core aimed at the delineation of a large
deposit amenable to open pit methods of exploitation. In addition,
representative samples have been selected from various drill intersections and
have been submitted to SGS Lakefield for initial metallurgical studies.
Our recent financing will allow us to continue to be opportunistic regarding
acquiring strategic land positions in the Ring of Fire.
I believe a good portion of the PP money raise will be used for the above mentioned. Just what and when's the million dollar question.
Again, just my honest opinion.
I eagerly anticipate Heliums workup of the Blackbirds and am hoping that Rockaur’s had a chance to do some calculations on his end.
Cheers
Notster