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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It seems possibly that the weird secrecy around this announcement has taken a lot of 'pop' out of the announcement. Likely nobody knew of its approach other that these boards as Wynne failed to even post an upcoming announcement on the Ontario News website. Kind of a 'letdown' approach after all these years. Very strange.
The average Canadian does not even know the ROF exists yet.....until tonight and tomorrow when they pick up their papers or watch the nightly news.
We need to let this 'soak in' for a day or two and also wait for the next series of announcements from Trudeau and his 'partners' as promised last fall in Sudbury. Noront will also soon be announcing their backers for the smelter and mine and hopefully some impressive drill results.
This would seem like a slow burn of a long fuse......we just need time.
GLTA
Ringer
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The Star reaches far....
Road to Ring of Fire mining development gets green light
After years of negotiations and delays, the provincial government is moving ahead with the route, which will lead to the proposed Noront Resources chromite mining project.
By Robert BenzieQueen's Park Bureau Chief
Mon., Aug. 21, 2017
After years of negotiations and delays, the provincial government is moving ahead with an all-season road to the Ring of Fire chromite mining development.
Premier Kathleen Wynne announced Monday in Thunder Bay that agreements have been reached with the Webequie, Marten Falls and Nibinamik First Nations to begin construction of the road.
The route would go to the proposed Noront Resources mining project that Queen’s Park hope will give Northern Ontario a much-needed economic boost as well as link remote communities with other highways.
Environmental assessments will begin in January, six months before the June 7 provincial election, and construction is set to start in 2019.
(The area lies about 575 km. north north east of Thunder Bay, and west of James Bay.)
The funding is part of the government’s promise to invest $1 billion in Ring of Fire infrastructure in the region.
It’s estimated there is $60 billion in mineral deposits in the area, including chromite, an essential component in making stainless steel; nickel; gold; platinum; copper; vanadium and zinc.
“The entire Ring of Fire region has huge potential for development that would benefit all of the communities involved and the entire province, creating new jobs and improving the quality of life for people in the North,” said Wynne.
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