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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Yet another spanking for the province...

Millions spent for nothing: Auditor slams Libs on mining

http://www.northernlife.ca/news/localNews/2015/12/03-auditor-general-ring-of-fire-sudbury.aspx

While the provincial government once described the Ring of Fire chromite discoveries in 2008 as the “discovery of the century,” an opportunity which could provide multi-generational employment opportunities with considerable wealth generation for the province and country, the auditor general found no evidence of a “detailed plan or timeline for developing the region.”

No minerals have been extracted and a major international mining company – Cliffs Natural Resources – pulled out and sold the rights on its chromite deposits to a junior mining company – Noront Resources – which “has no current plans to develop those chromite holdings.”

Originally, development in the Ring was scheduled to commence in 2015, but mining can’t proceed until regional land-use planning is completed by the Ministry of Natural Resources and Forestry. That process was supposed to be finished this year, but appears to be delayed another two years due to the length of time it’s taken to consult with area First Nations.

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