Blast from the Past....regarding: NOT going to production.......
posted on
May 22, 2009 07:43AM
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)
directional focus. Eagle One valued at around 2 billion if extracted could pay for a heck of a lot of infrastructure eg: our portion of the all weather road , new airstrip, mine scale DMS plant and the list goes on...in order to exploit our chromite deposits.
Joseph Hamilton, Co-Chief Executive Officer states that "These metallurgical results are an excellent preliminary start, demonstrating that Noront's chromite discoveries not only have the potential to be world class, but are high grade and of desirable quality, giving Noront the flexibility to produce a range of chromite materials for a wide variety of end-users. We look forward to finalizing our metallurgical testing."
Flexibility to produce........hmmmmmmm.
Bring on those assays.
Notster
...then on the 30th. of April came the news of a wild hole full of Vanadium and Titanium and Iron........NOT 09- 1G21 with 277.64m of mineralization assays below.
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Hole From To Interval V(2)O(5) TiO(2) Fe(3)O(4)
(m) (m) (m) (%) (%) (%)
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NOT-09-1G21
(A zone) 132.55 310.58 178.03 0.36 2.77 24.72
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including 230.50 276.38 45.88 0.51 3.71 31.71
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and 289.00 296.47 7.47 0.64 4.08 36.71
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Then (B zone) 397.20 496.84 99.64 0.36 2.66 23.58
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including 397.20 404.67 7.47 0.58 3.77 33.42
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and 427.81 463.10 35.29 0.51 3.56 30.38
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and 481.00 496.84 15.84 0.42 7.23 26.58
HIGHLIGHTS
- Noront has intersected two zones of disseminated to semi-massive
V-enriched magnetite over a width totalling 277.64 metres in hole
NOT-09-2G21, mineralization continues downhole, additional assays are
pending
- The A zone returned grades of 0.36% V2O5, 2.77 TiO2 and 24.72% Fe3O4
over 178 metres from 132.55 to 310.58 metres in hole NOT-09-2G21,
including 45.88 metres averaging 0.51% V2O5, 3.71% TiO2 and
31.71% Fe3O4
- The B zone returned grades of 0.36% V2O5, 2.66% TiO2 and 23.58% Fe3O4
over 99.64 metres from 397.20 to 496.84 metres in hole NOT-09-2G21,
including 35.29 metres averaging 0.51% V2O5, 3.56% TiO2 and
30.38% Fe3O4
- Similar mineralization was intersected over similar widths in two
holes, one 300 metres north and the other 600 metres south of hole
NOT-09-2G21; assays are pending
- A preliminary metallurgical study is planned to examine possible
means to extract iron, vanadium, and titanium from the mineralization.
I would not be the least surprized to learn that NOT has begun the permitting/environmental
processes for extraction of Eagle One. One word and one word only will take this and the Ring
to skyward....ASSAYS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Best Regards
Notster