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: News - Reading Between the Lines - It's Good!!!

News - Reading Between the Lines - It's Good!!!

posted on Feb 26, 2009 05:34AM

Others noticed one of the more important statements in this news release, but I'll paste below and then comment as to why this is really very good news.

"Due to the high Cr and Cr2O3 results that Noront is receiving on a regular basis, additional analyses are being completed using alternate labs to confirm and compare analytical methodologies using cross lab verification of chrome results."

What this tells me is that the NOT Board of Directors actually have "in hand" the initial grades from a number of these additional drill intercepts, and that because of the "high" grades, they are unwilling to release this info to the public until separate analysis is done (which is in progress) to confirm these initial "high" grades.

NOT did the same thing previously (when RN was at the helm) when the initial results of platinum and palladium they received were high. Back at that time we also wondered at the delay for those grades (but at the time were so enamored with the extremely high nickel and copper grades, that everyone was fairly patient waiting for those results).

To me, reading between the lines on this one, the BOD is saying that they have some good news coming, but want to be very careful to get confirmation before they make it public.

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