Remember our first news of Double Eagle on August 28, 2007? Here is some of it.
Notice the last sentence. Assays rushed.
TORONTO, ONTARIO August 28, 2007 Noront Resources Ltd. (“Noront”)(TSX Venture: NOT) announces that it has been advised by its project manager (Billiken Management Services Inc.) of Toronto results of the first two holes of the diamond drilling program started August 24, 2007 on the recently optioned claims of the Company’s Double Eagle project located in James Bay Lowlands, northeastern Ontario. The first hole of the current drill program NOT-07-01 has intersected visible copper sulphide mineralization (chalcopyrite) in a pyrrhotite – chalcopyrite – peridotite geological setting. The initial hole was drilled at -45 degrees and intersected chalcopyrite and pyrrhotite mineralization between 56 meters to 82 meters, however the total sulphide percentage dropped off between 69 and 82 meters downhole. Between 82 and 122 the mineralization slowly decreases to trace levels beyond 125 meters. The total drill intercept of the mineralized sulphide zone was 69 meters. The first hole continued to 140 meters and was terminated. A second hole drilled from same location, undercut hole NOT-07-01 at -65 degrees. This second hole entered similar mineralization (as in the first hole) at 91.3 meters core length. The hole intersected 72.9 meters of mineralization, the overall tenor of mineralization in the second hole is similar to that of the first hole, however a massive section of pyrrhotite and chalcopyrite over 1.93 meters (104.67 to 106.6) has been observed in the second hole and was not seen in the first hole. Plotting on section for the two holes suggests a vertical dipping structure that is in the order of 50 meters wide (true width). Hole NOT-07-02 was terminated at 191 meters and the drill has been moved 100 meters to the northeast to test for a northeasterly extension of this structure. These above descriptions are taken from preliminary drill logs as prepared by site geologist, and I.Q.P. for the drill program, Dr. Howard Lahti, P.Geo., of Fredericton, New Brunswick. The samples from hole NOT-07-01 have now been selected, and sealed and readied for immediate shipment to ALS Chemex laboratory in Thunder Bay Ontario. The first ten samples have been labeled “RUSH” for assay
When did news come in? Answer: Sept. 10.-2007. That is exactly 13 days.
We had our news release June, 29, 2009 for hole 49. Thirteen days makes it this Saturday. So we should get news Tomorrow or Monday. If the previously removed board could make this happen in 13 days I am sure this board can since this current economic situation has created less assays to be tested. After all I am sure the new Ceo wants to regain some trust in retail. I would also look pretty bad to not expedite this info in a timely manner since the previous board was verbally bashed so badly during the proxy fight. Taking longer than 13 days wouldn't sit well.
