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: Hoov, can you explain this ?

Hoov, can you explain this ?

posted on Aug 06, 2009 06:59AM

I've bolded the hole numbers from the June 29th and Aug. 4th NR's. My question now is, are there two separate series of drill holes here ? 08's & 09's ?

TIA

strato

Hole NOT-08-045, which failed to intersect the mineralized zone in 2008, was deepened in 2009 and intersected 46.12 metres of nickel, copper sulphides. This zone starts approximately 375 metres below surface, whereas the previously interpreted limit of mineralization at Eagle One was about 225 metres below surface. Hole NOT-08-46, drilled beneath hole 045 failed to intersect any significant mineralization. Hole NOT-09-047, targeted 100 metres below the mineralization limit defined in the Eagle One Technical Report, intersected 2.15 metres of nickel, copper sulphides including 1.75 metres of massive sulphide within a 55 metre thick peridotite zone considered to be the keel of the conduit that hosts the Eagle One Ni sulphide deposit. Hole NOT-09-048 was drilled beneath the extension of the Eagle One deposit intersected by NOT-08-044 but remained in granodiorite to the bottom of the hole

At present, three drills are currently active, testing the extent of the newly discovered mineralization, which extends vertically below the original Eagle One deposit, and located entirely within Noront’s existing land holdings. A total of five holes; NOT-09-45 through NOT-09-49 have been completed and assayed to date.

NOT-09-45 EAGLE 1B- LENS

445.68 460.30 14.62 Overall 0.77 0.27 0.43 1.30 0.06 0.52

Incl. 445.68 446.83 1.15 Disseminated 0.39 0.18 0.48 0.88 0.03 0.23

and 446.83 447.19 0.36 Massive 3.27 2.28 1.00 7.18 0.21 3.04

and 447.19 454.38 7.19 Disseminated 0.42 0.09 0.29 0.68 0.03 0.07

and 454.38 460.30 5.92 Net Textured 1.12 0.38 0.56 1.77 0.09 0.98

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