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: Noront is not just a nickel play.

Yes indeed crazytrade...some interesting quotes from the latest news release with respect to the 43-101 on the chrome

"an initial resource estimate for a portion of its Blackbird chromite deposit, McFaulds Lake Project."....note the words "initial" and "portion"

"This estimate represents a starting point for Noront’s chromite resource, as there is excellent potential to increase the resource in the future"

"We are currently in the process of evaluating alternatives for developing our many mineral deposits in the Ring of Fire. The close proximity of the Eagle’s Nest nickel-copper-platinum-palladium deposit, the Blackbird chromite deposit, the Eagle Two nickel-copper deposit and the Triple J gold deposit now being referred to as the “Eagle’s Nest – Blackbird Complex”) provides a unique opportunity whereby all four deposits can be potentially accessed and developed from a centrally located shaft"

"Incomplete sampling has resulted in a general understatement of grade that we can address in the future through re-sampling programs"....I wonder if they have sampled the ore for PGE's yet? Furthermore; on this same point, it certainly is interesting the comments from FWR's November 5/09 release in which they stated

"In addition to chromite, the Black Thor occurrence has the potential to host between 278,000 and 406,000 ounces of platinum as wellas between 260,000 and 381,000 ounces of palladium."

Certainly more to come

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