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: Palladium

From January of this year.. I wonder how the exploration is coming along?

Exploration Update

In 2017, Noront will continue exploration of its very substantial property position in the Ring of Fire. The Company’s current exploration is focused on the nickel-copper-platinum-palladium deposits along strike from Eagle’s Nest and further into the footwall where several prospective geophysical targets have been identified. These targets will be advanced using a combination of shallow Rotary Air Blast (RAB) drilling to confirm favorable host lithologies and deep-seeing EM geophysical surveying to define conductors. The RAB drilling will test twenty-one early-stage geophysical targets. The prospective area for nickel-copper-platinum-palladium deposits on Noront’s ground remains substantial. Only approximately 45% of the prospective area has been tested by drilling and/or deep-seeing EM geophysical surveys to date.

The Company will also conduct a focused drill core re-logging program to advance its McFaulds copper-zinc VMS property, coupled with high-resolution airborne magnetic surveying to better resolve the favorable stratigraphic horizon(s) to aid in targeting additional VMS mineralization in the latter half of 2017.

Finally, Noront will advance its gold targeting initiatives with a full-scale compilation and review program to test its belief that the Ring of Fire may possess many of the right ingredients to host a significant gold deposit, including reactive host rocks and major intersecting structures. This has been overlooked in past exploration efforts due in part to the success of base-metal exploration campaigns. Past drilling proximal to the Eagle’s Nest deposit has intersected several narrow high-grade gold-bearing structures including up to 1.5 metres of 18.3 grams per tonne of gold from 111 metre depth in NOT-08-1G013, and 4.5 metres of 5.0 grams per tonne of gold from 93 metre depth in NOT-08-1G020. These intersections occur within a larger structural corridor which is traceable for over six kilometres in strike. Parallel regional structures occurring to the south are continuous for tens of kilometres. Further development of the gold exploration program will be achieved by the geological work completed in this program.

=====================================================================

I notice..

Brookfield prepared to exit stake in North American Palladium as metal soars

https://beta.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/brookfield-prepared-to-exit-palladium-stake-as-metal-soars/article36208335/?ref=http://www.theglobeandmail.com&

Brookfield Asset Management Inc. is laying the groundwork for the possible sale of one of the world's only dedicated palladium companies even as prices for the metal used in car pollution control devices soar.

Canada's largest alternative asset manager is the majority owner of North American Palladium Ltd., whose main asset is a mine near Thunder Bay, Ontario with reserves of 21 million metric tons.

======================================================================

You can imagine how competitve the palladium from Noront would be once there is a road and mine....since they have so many other goods at the ROF.

Share
New Message
Please login to post a reply