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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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MaCloud

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posted on Jul 20, 2009 09:06PM

I'm trying to have my expectation to be moderate, but I wish this chart tells us something in advance. It all depends on the solid assay results of the hole 49, 50, etc.

The Ring of Fire – McFaulds Lake area, James Bay Lowlands, Ontario

In September 2007, Noront’s first significant discovery, known as Eagle One, yielded some exceptional grades, including 5.90% nickel, 3.10% copper, 2.87 g/t platinum and 9.78 g/t palladium over 68.3 metres (NOT-07-05) as well as 6.30% nickel, 2.80% copper, 1.90 g/t platinum and 10.20 g/t palladium over 46.2 metres (NOT-07-27). Subsequent drilling has continued to intersect high-grade mineralization and just recently, Noront announced the discovery of Eagle Two, a second nickel-copper massive sulphide occurrence situated 2 kilometres southwest of Eagle One.

Please have a review of the following chart. I was there before but it was not long enough.