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: Re: Summer stock option Patterns-Storm5151
11
Aug 10, 2010 02:45PM

I don't know where these last releases say we will be focusing on exploration more? Noront is an exploration company and at the same time derisking the location. Same thing they have always done and should be doing. They will be doing more exploration around the area as they have finished with the infill drilling of Eaglenest to 1100m and the drills need to move somewhere. Its a normal operation as they look for more shallow ore because there are only 2 deep drills to look for the conversion zone. Sometimes this board over-analizes every word and writes so much inbetween the lines that people think something is happening out of normal exploration/development. Noront needs to show that not only do we have the ore, that it is going to be able to be mined.Hence, dealing with FN issues and infrastructure issues. Cliffs seems to be going to lead in the infrastructure respect so Noront does not need to push that avenue so much anymore. IMO

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