Noront Resources Ltd. has identified more nickel sulphide and chromite mineralization at its McFauld’s Lake Project in the Ring of Fire mining camp.
“While drilling to increase the chromite resource at Blackbird continued to return excellent results, the discovery of two new zones of nickel sulphide mineralization within 500 metres of (the company’s) Eagle’s Nest (deposit), highlights the tremendous exploration potential of this area,” company CEO Wes Hanson said in a news release.
“Both zones of nickel sulphide mineralization were identified by a new, ground-based geophysical survey that was completed in November,” he said.
Hanson noted that the Eagle’s Nest feasibility study is progressing on time and on budget as is the resource update and preliminary assessment of the Blackbird chromite deposit.
“We continue to work closely with all levels of government to identify an environmentally and socially responsible plan for infrastructure development in Northwestern Ontario that will allow Noront to meet its objective of commercial nickel production by 2016,” he added.
The company expects to release final capital and operating costs of the Eagle’s Nest Project in the second quarter of this year.
The Canadian Environmental Assessment Agency has recommended a Comprehensive Review Process for the project. Draft Terms of Reference and a Draft Environmental Impact Statement Guidelines for the project are now available for public comment.
Meanwhile, the company continues to plan and host community open houses to present project development plans to communities throughout Northwestern Ontario.
To date, community interest for a proposed all season road into the project area is very high, the company says.
At an open house on the Eabametoong First Nation, an Memorandum of Understanding was signed confirming a level of co-operation between Noront and the remote First Nation in development of the proposed infrastructure corridor and other work on its traditional lands.