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: I think....

I think....

posted on Jan 13, 2010 06:20PM

some people here should read (and think) a lot more before posting:

1. Windfall - sad chapter (because of insufficient gold continuity), but Noront focused on a more important project, where they have to spent a lot of money ($ 250.000 for ONE deep-hole @ Eagle´s Nest). The results @ the ENB complex warrant the money spent more than @ Windfall , IMHO ! So, stop whining and if you are still interested in Windfall, buy EAG.

At least NOT still has 25% or 2% NSR. Not too bad for not spending any more money and get someone else to spent $ 5M to find out what is there (and get $ 1M cash).

2. Resuming of drilling

Noront clearly stated in it´s Dec. 10 PR that drilling won´t resume before "mid-January". It´s NOT mid-January yet, is it ?

So start complaining next week !

3. Assay Results

Yes, there are probably quite a few "new" unreported holes, but there was a massive backlog, too (see Dec. 10 PR).

Rhodium and other PGE assays take months (probably 3-5 months).

JJJ gold zone re-sampling was announced on Oct. 27, 44 holes were to be completely re-sampled . If this can be done in 6 weeks prior to Christmas break, who knows ?

But I think, that you can´t complain and say they are overdue !

Waiting is nerve-wrecking, but give it some more weeks and I´m very positive that we will see numerous releases on Noront´s very promising land portion in the Ring of Fire.

Until then I would keep the whining more "low-level", because it is unsubstantiated, IMHO !

FANTOMAS

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Jan 13, 2010 06:39PM
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