noront did the surveys, drilling and report...not the jv's. Hope they did their best in picking the few drill holes. How deep did they drill? Can't find any info on that.

I keep thinking about the proxy battle and one of the big issues being the JV's. Now all of a sudden under Noront direction these JV's have nothing. What a coincidence. There was anger that they were there and now after NORONT's Report there is no reason to further investigate.

Southampton Ventures wishes to announce that Noront Resources Ltd.
("Noront") has provided Southampton Ventures with its final report on the
drill program conducted on its Moonbeam Property in the "Ring of Fire"
McFauld's Lake Area, Northern Ontario.

The report provided by Noront relates to the drill results and airborne
and ground geophysical surveys that were completed on the claims in the
James Bay Lowlands of Ontario that are the subject of a Joint Venture
agreement with Noront (see press release dated January 4, 2008). Based on
geophysical interpretations of exploration results, three drill targets
were selected for exploration. The samples obtained from those targets were
tested, and the results returned were found not to warrant further
investigation. According to the report commissioned by Noront, no follow-up
exploration work was recommended and Southampton has decided to terminate
the option agreement with Noront.