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: An Oversight?

An Oversight?

posted on Sep 23, 2009 10:55PM

Just reviewing some of the recent N/R's and I was looking at the longitudinal section as provided in the Sept. 15 N/R. http://norontresources.com/find/id/19/$w

I noticed that hole 44 with an intercept of 28.8 meters (from 294 - 322.8) grading 4.21% Nickel, 2.14% Copper, 0.35 g/t Platinum and 6.30 g/t Palladium is not plotted.

Also, hole 48 with an intercept of roughly 37 meters (from 269 - 306 meters) was not plotted. (albeit, there was a massive section of only 1.77 meters with the rest being disseminated)

When looking at the longitudinal section provided, there appears to be cumulative gaps of roughly 400 meters between E1A-E1B and E1B-E1C. In light of these oversights the gap has narrowed somewhat.

In the N/R on June 29, it stated: "At Eagle One, hole NOT-09-049, drilled subvertically below known mineralization, intersected two zones of disseminated, semi-massive and massive sulphides, one from 269.54 metres to 510.69 metres and the other from 749.7 metres to 945.67 metres; more than tripling the known down dip extent of the mineralization" and in the September Corporate Presentation it states on page 9:"EAGLE'S NEST assays for E1B, E1C demonstrate resource grades, 3 x potential."

I would think that in order for the Eagles Nest to triple known reserves (ie. roughly 9MM tonnes) it will be likely that Noront will have to demonstrate that the lenses are connected and not independent pods.

As I am not a geo by any stretch, I would certainy value any insights/opinions that some of you might have.

Cheers,

Milsy1

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Sep 23, 2009 11:46PM
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