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)

Free
Message: Are we still drilling?

This is a portion of the June 27th, 2011 NR. Couldn't find anything else that indicates there is drilling going on elsewhere at this time, but.........

BLACKBIRD UPDATE

Drilling at Blackbird resumed in May with two drills focused on expanding the Blackbird chromite resource along strike and down dip. Ten to twelve thousand metres of drilling is planned over the summer field season. The Company’s objective is to double the total chromite resource in advance of a Pre-Feasibility Study slated for completion in H1, 2012.

Drilling at Blackbird will allow for limited testing of the Eagle 2 nickel copper sulphide discovery. Eagle 2 remains open down dip and there is potential to increase the Company’s nickel-copper resource through additional drilling.

CLAIM STAKING:

On June 17, 2011, the Company staked six mineral claims comprising 32 units on open ground that lies directly to the north of Noront claims 4226694 and 4226662 (and directly south of Fancamp Exploration Limited’s claims 3012257 and 3012258). These two 16-unit claims were formerly claims 4221148 and 4221149 of MacDonald Mines Exploration Ltd. Another exploration company active in the Ring of Fire has announced that they have staked these claims.

The Company has filed notice with the Mining Recorders Office contesting the validity of the staking by the other company.

Noront also staked another 16-unit mineral claim, further to east. This claim lies directly to the north of Noront’s claim 4226616 and lies on the west shore of McFaulds Lake, and was formerly claim 4212366 of MacDonald Mines Exploration Ltd.

Share
New Message
Please login to post a reply