Today's NR.
posted on
Sep 28, 2010 09:06PM
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)
I was pleased at today's NR with it's report on initial assay results. (initial meaning "occuring at the beginning.")
Do you remember our NR in August 11, 2010 . Here are some of the results. Do you notice Not 10-085?
Eagle's Nest
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NOT-09-049 EXT Abandoned hole - excessive deviation
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NOT-09-049W1 791.1 979.5 188.4 1.67 1.30 1.13 4.24 0.22
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NOT-09-079W2 Abandoned hole
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NOT-10-085 Abandoned hole - driller error, rods lost in hole
It was nice to see the results of the wedgies
TORONTO, Sept. 28 /CNW/ - Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) is pleased to report initial assay results from the deep drilling program at the Eagle's Nest deposit at the Company's McFaulds Lake Project in the James Bay lowlands, Ontario.
<< HIGHLIGHTS: ----------- - NOT-10-085-W1 intersected 104.7 metres averaging 1.66% Ni, 0.81% Cu - Including 2.4 metres averaging 7.45% Ni, 0.23% Cu - NOT-10-085-W2 intersected 203.3 metres averaging 1.69% Ni, 1.01% Cu >>
Platinum and palladium results of the two holes reported are not complete at this time. These results will be released at a later date
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I very much liked the platinum results in hole 83 and 84 as presented in the July 20, 2010 NR.
DRILL HIGHLIGHTS:
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Eagle's Nest:
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- NOT-10-083 intersected 87.4 metres averaging 1.93% Ni, 0.82% Cu,
1.80 gpt Pt and 3.17 gpt Pd;
- Including 7.5 metres averaging 4.83% Ni, 1.85% Cu, 11.14 gpt Pt
and 6.69 gpt Pd
- NOT-10-087A intersected 89.3 metres averaging 2.49% Ni, 0.99% Cu,
0.85 gpt Pt and 3.97 gpt Pd;
- Including 13.8 metres averaging 6.97% Ni, 1.03% Cu, 0.70 gpt Pt
and 7.72 Pd
- NOT-10-084 intersected 89.2 metres averaging 1.75% Ni, 0.87% Cu,
0.80 gpt Pt and 3.29 gpt Pd;
- Including 5.2 metres averaging 5.21% Ni, 2.54% Cu, 0.81 gpt Pt and
11.10 gpt Pd
So, we wait for the platinum palladium results for hole 10-85 w1 & w2. I like what was found in the vicinity before and Wes's words in the July 20 NR:
"Hole NOT-10-083 targeted and intersected a structure bearing high grade platinum mineralization as predicted by the Company's geological model."
Can't wait to see the platinum & Palladium #'s for the 104.7 & the 203.3 meters based on the 10-83 results.
The link below is a drawing of eagles nest drill holes from a July 20, 2010 NR.
http://norontresources.com/find/id/45/BM
Today we have this drawing showing more holes.
http://norontresources.com/find/id/50/iR
Take a look at both drawings. On today's drawing I notice there are some nice holes to the left of 583500. Especially the one that goes to about 800meters. What are these holes? Anyone know?