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: Noront Expands Chromite Mineralization at McFaulds Lake

Noront Expands Chromite Mineralization at McFaulds Lake

TORONTO, Sep. 13, 2011, 2011 (Canada NewsWire via COMTEX News Network) --

Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) is pleased to announce the results from the initial 15 holes at the Company's Blackbird chromite deposit at the McFaulds Lake Project. The Company has completed 39 holes totaling 17,071 metres at Blackbird. Results of the remaining holes will be provided when received.

HIGHLIGHTS:


-- NOT-11-1G201 intersected 46.97 metres averaging 42.74% Cr(2)O
(3) at a 2.29:1 Cr to Fe ratio;
-- NOT-11-1G203 intersected 20.12 metres averaging 41.48% Cr(2)O
(3) at a 2.16:1 Cr to Fe ratio;
-- NOT-11-1G213 intersected 31.22 metres averaging 41.38% Cr(2)O
(3) at a 2.11:1 Cr to Fe ratio.


Wes Hanson, CEO of Noront states: "Our objective is to double the previously identified chromite resource at Blackbird. These initial results suggest that we are well on the way to achieving our stated objective, having intersected chromite mineralization in 80% of the holes reported herein. Drilling to date has identified new chromite lenses at Blackbird and expanded the previously identified lenses along strike and down dip. Chromite grades and chrome to iron ratios demonstrate exceptional quality, similar to the historical results at Blackbird and elsewhere in the district. Most importantly, Blackbird remains open along strike and at depth offering additional potential for continued resource increases. Our experience to date at Blackbird strongly suggests that the potential for future resource growth is directly related to drill density."

BLACKBIRD DRILL RESULTS

Noront's drill program for the summer of 2011 has focused on delineation drilling at the Blackbird chromite deposits. The drill program has been designed to take advantage of drier drill pad locations that allow drilling of the Blackbird chromite deposits during the summer months. To date, 39 holes have been drilled and drilling will continue to the end of September. Of the holes drilled to date, complete analyses have been received on 15 of the 39 holes. The following table summarizes the results of these 15 drill holes:





HOLE ID FROM TO INTERVAL Cr Cr:Fe
(2)O
(3)

(metres) (metres) (metres) (%)

NOT-11-1G201 571.95 618.92 46.97 42.74 2.29

NOT-11-1G202 547.53 561.77 14.24 35.61 2.04

NOT-11-1G203 381.83 385.54 3.71 30.20 1.67

739.26 751.51 12.25 29.70 1.67

769.09 789.21 20.12 41.48 2.16

NOT-11-1G204 266.69 270.59 3.90 37.23 1.63

NOT-09-1G143 435.30 449.46 14.16 36.09 1.68

NOT-09-1G144 No significant results

NOT-11-1G205 418.47 420.76 2.29 37.53 1.74

NOT-11-1G206 No significant results

NOT-11-1G207 73.42 80.90 7.48 20.50 1.10

NOT-11-1G208 No significant results

NOT-11-1G209 161.59 163.82 2.23 21.52 1.32

NOT-11-1G210 183.95 186.00 2.05 37.19 1.68

NOT-11-1G211 233.55 243.60 10.05 41.56 2.12

NOT-11-1G212 95.40 111.12 15.72 26.34 1.41

298.72 314.36 15.64 34.43 1.78

NOT-11-1G213 280.50 311.72 31.22 41.38 2.11




Denotes deepening of previous drill hole.

REGIONAL EXPLORATION UPDATE:

The Company has received the results of the Computer Aided Resource Detection System ("CARDS") analysis from DIAGNOS Inc. The CARDS analysis identified multiple targets throughout the southern half of the Company's Ring of Fire claims using company geophysical, drill-core, and geochemical data. Some of these targets were drill tested during the 2010 - 2011 field season. Company geologists are currently prioritizing the remaining CARDS target areas and follow up drilling is planned for a later date.

A deep penetrating induced polarity ("IP") survey is planned to assist Company geologists in prioritizing multiple nickel, copper sulphide targets within the Eagle's Nest Complex.

Company geologists have also reviewed the data obtained from the AT-12 area last winter and have begun developing a drill program to test areas of potential nickel, copper sulphide pooling at AT-12. Drilling at AT-12 is scheduled for the winter season

INDEPENDENT QUALITY CONTROL AND ANALYTICAL PROTOCOL

All holes are systematically logged, sampled and shipped under strict chain of custody procedures to Activation Labs ("Actlabs") in Thunder Bay, Ontario for sample preparation and initial analyses utilizing fusion X-ray fluorescence methods.

A thorough quality control program has been in effect for the McFaulds Lake Project, which includes grouping samples into batches of 35 into which are added one blank, two internationally certified reference materials ("ICRMs"), one quarter sawn field duplicate, a coarse reject duplicate and a pulp duplicate. The pass/fail criteria demands that if the measured concentrations of the ICRMs exhibit a difference greater than two standard deviations above or below the established mean grade of the ICRM the entire batch is considered to have failed and must be re-analysed.

It can be said with confidence that all assays have passed the strict quality control guidelines established by Noront's Qualified Person.

For more information on assay methodology please visit the Actlabs website at www.actlabsint.com. For more information on the Blackbird chromite deposits, please refer to the Company's National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") complaint technical report entitled "Technical Report on the Mineral Resource Estimate for the Blackbird Chromite Deposit, James Bay Lowlands, Ontario, Canada" (effective January 22, 2010) available on the Company's website and at www.sedar.com.

The preparation of this press release has been supervised by Noront's senior management including Mr. W. Hanson, P.Geo., President and CEO. Mr. Hanson is a "Qualified Person" as defined in NI 43-101.

About Noront: Noront Resources Ltd. is focused on developing the high-grade Eagle's Nest nickel-copper-platinum-palladium deposit, the exploration and development of the Blackbird chromite discovery and regional exploration for additional mineral deposits within it's large, highly prospective land position in an area known as the "Ring of Fire", an emerging multi-metals camp located in the James Bay Lowlands of Ontario, Canada.

Wesley (Wes) Hanson President & Chief Executive Officer

Share
New Message
Please login to post a reply