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: Probe Noront JV
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It looks to me as if Noront just picked up 50% of some highly prospective claims for NOTHING.

OK they'll split the costs of exploration with Probe but anyway you look at this it's a sweet deal for Noront and kind of sucks for Probe. Pretty obvious there was something in the paperwork over options on claims or whatever that tied Probe's hands.

While I have doubts about this having any effect on share price, immediately, it is still a big plus for Noront.

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