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: Shake-Out

Re: Rhodium Assays From Jan. 2008.

in response to by
posted on Aug 06, 2009 08:04AM

PRECIOUS GROUP ELEMENT TEST WORK

Twenty samples from holes NOT-07-01, NOT-07-02 and NOT-07-05 were selected for Precious Group

Elements (PGE’s) as part of the ongoing evaluation of Eagle One. The samples were selected on the

basis of initial platinum and palladium content, nickel and copper content as well as lithology. The

samples initially underwent analysis for rhodium at ALS Chemex laboratory in Vancouver B.C., then labsplits

of the same sample set were sent to ALS’s affiliate lab in Australia, and additional splits were sent

to Activation Laboratory in Ancaster, Ontario. The test work recently received confirms that other PGE’s

are present in Eagle One and now need to be analyzed for on a regular basis. Variance between the two

laboratories was within acceptable limits.

The test-work included three consecutive samples selected

from Hole NOT-07-05 between 111.5 meters and 115.6 meters down-hole. This 4.1 meter section

averaged 3.2% copper, 3.62% nickel, 30.2 g/t platinum, 15.95 g/t palladium, 3.3 g/t gold, 8.1 g/t

silver, 0.84 g/t rhodium, 0.15 g/t osmium, 0.21 g/t iridium and 0.42 g/t ruthenium.

Noront will now be assaying previous samples from Eagle One for rhodium and completing additional assaying for the other

PGE’s on a regular basis, to determine ratios of the other elements with respect to rhodium assays.

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