I have complained for some time now; this policy of not reporting on visuals. These photos provided by Hoov are a great example of why this policy should not be allowed. How many people got to see these cores before the assay results were publicly announced. As a recap, here is the initial news of hole 49....

"Hole NOT-09-49 was planned as a 1,000 metre platform hole for BHEM survey
evaluating the depth extension of the Eagle One mineralization. The hole was
located at the northwestern contact of the Eagle One conduit. Visual
inspection suggests the hole parallels the contact between the peridotite and
granodiorite for its entire length. This hole 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 Eagle One mineralization to greater
than 900 metres. The current results provide no information regarding the true
thickness of the newly discovered zones because the hole was designed to
follow the mineralization down dip and determine vertical continuity.
Subsequent drilling will test these zones at higher angles to establish
thickness."

That was on June 29, 2009. On that day the stock closed at .56 on a little over 500,000 shares traded. Then on June 30, 2010 we get a close at .62 on about 2.5 million shares traded and then this news...

"Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) announces that pursuant to the Company's Stock Option Plan and subject to any regulatory approvals, it has granted 3,865,000 Stock Options set at Cdn.$0.62 for a period of five years (2014) to new and existing employees and consultants of the Company."

And that's not the whole story. Seems to me somebody got a glimse of those cores around July 15, when the stock price jumped from .63 to .99 on over 15 million shares traded. Then this release on July 15....

"Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) announced today that there are no corporate developments or undisclosed material changes involving the Corporation to account for its recent rise in stock price."

The next day, the stock jumped to $1.42 on over 20 million shares traded. And when did retail finally get the assay results? Well that would have been on August 5; the day after we reached our high of $3.01; right around the time those who got in under a buck began to sell to retail....so that they could get in on the next PP; and they certainly didn't have to wait long. On August 5 we got the assay results and on August 6 they got this....

" TORONTO, Aug. 6 /CNW/ - Noront Resources Ltd. ("Noront") (TSX Venture:
NOT) is pleased to announce that it has entered into an agreement with a
syndicate of agents led by Wellington West Capital Markets Inc. (the "Agents")
under which they have agreed to offer for sale, on a best efforts basis,
flow-through common shares of Noront ("Flow-Through Shares") at $2.80 per
share for aggregate gross proceeds of approximately $20 million."

My feeling personally is that management was being underhanded....knowing very well what was there visually....Hoov has demonstrated that quite nice now with these pics of hole 49...thanks for that.

I also believe that they continue this game of underhandedness. People in the know are seeing what is coming out of the ground and I believe they are working on their next round of how to capitalize on this without offering the same benefit to the retial shareholder. As a reminder, this is what we got out of our last news release with respect to the deep drilling....

"Deep drilling at Eagle's Nest has encountered technical difficulties which have delayed results. We will report results from the deep drilling when they become available. Two holes are currently underway to test the promising structural convergence zone at depth at Eagle's Nest"

That's it!!!!

Will we see pictures in a year or two from now just exactly what others are seeing now or will be seeing soon? Will management try to cover up the uptick in the stock price again with some lame announcement that they don't know why the stock is moving up? So far, all I'm seeing is much of the same.

My opinion of course