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: Eagle One, Drill time away and the JV with Probe.

January 23rd. we awoke to find a press release outlining the assays received from hole NOT-08-44, 28.8m inclusive of a zone of 7.6m yielding 1.16% Nickel, then a zone of 14.1m yielding 7.46% Nickel and then a zone of 7.1 yielding 1.03% nickel, for an average of :

Hole ID           from    to        int    Ni%   Cu%  Pt g/t  Pd g/t Au g/t  Ag g/t
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NOT-08-44 294.0 322.8 28.8 4.21 2.14 0.35 6.30 0.14 4.31

also in the release were assays from ongoing drilling at AT12.

Now, at the end of the Eagle One assay update we see this:

While hole NOT-08-44 had the best drill intersection (not true width) of massive sulphide, a further 10 holes drilled in the area returned mineralization that is considered less significant. Nevertheless, this drilling has expanded the geological and mineralogical information available to Noront and has allowed the Company to better target further drilling on this deposit. Details with respect to locations for these holes are available on Noront's website at:

http://www.norontresources.com/proje...

The posts on the forum that day reflected a large degree of disbelief that another 10 holes drilled in the immediate vacinity encountered mineralization which was considered and said to be, less significant.

Still no assays released for these additional 10 holes drilled.

So just what was found?



Like all excellent intersections in exploration it is followed by a flurry of fresh holes in anticipation of expanding the intersection into a resource. However the geological reality rears its prominent head. no press releases = no significant values, and so they move the drill on in search of the next discovery. It just may be that simple

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