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: something to chew on!

something to chew on!

posted on Feb 05, 2010 10:07PM

This is in response to mynot's post. Look up his references to AECOM and Bechtel on google, both seem plausible to back up his "rumour" especially in conjuction with the following statements in a previous NR.

With respect to AT12

"...As part of the comprehensive data review conducted in the fall of 2009, the drilling and borehole geophysics were reviewed and all significant holes were re-surveyed and re-logged. This has lead to a new interpretation of the emplacement and potential orientation of the mineralization. An expanded exploration program for 2010 will test the new interpretation through ground geophysics and continued drilling.

Wes Hanson, Noront's CEO states, "Results at AT12 continue to indicate the presence of nickel-copper sulphides. Our additional drilling, coupled with down-hole geophysics and a geological review led by Dr. James Mungall, all offer the potential that a larger, higher grade deposit is situated nearby." Mr. Hanson adds: "The seasonal break allows our field crews the opportunity to recharge and refocus while the assay backlog is eliminated. It also provides an opportunity for our geological staff to work with our geophysical consultants in evaluating the results to date and, if necessary, adjust the drill program in the new year."

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