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: Craig Stanley on Noront

Craig Stanley on Noront

posted on Jan 19, 2010 04:36PM

Don't know if this was posted earlier but the following is from todays Gold Report.

The Gold Report Interview with Craig Stanley (01/19/2010)
"Pinetree has been involved in Noront for a while. The company is advancing its Eagle Nest nickel, copper, and platinum group metals (PGE) and Blackbird chromite projects in northern Ontario. A big challenge to mining these deposits is infrastructure as they are located in a very remote region. Noront recently failed in its hostile takeover of Freewest Resources and its nearby Black Thor chromite project to Cliffs Natural Resources. However, we think it's positive for Noront and all the other companies active in the McFaulds Lake region that a large company like Cliffs, with its deep pockets, is moving into the camp as it could help address the infrastructure challenges. However Noront's Eagle Nest project is the lynchpin in developing the camp as it will likely be the first deposit to be mined, due to its higher rock value than the chromite deposits, and hence will drive and fund the camp's initial infrastructure. Also, Noront is much farther along in working and consulting with the First Nations communities in the region, who will be very important in getting these deposits developed."

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Jan 19, 2010 04:40PM
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