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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Message: Trillium trust and Noront's MD&A

 Folks don't forget about money transferred to the trillium trust from the hydro one final tranche sale

https://news.ontario.ca/mndmf/en/2017/5/ontario-raises-28-billion-from-final-hydro-one-share-offering.html

By leveraging the value of Hydro One shares, the government is investing in priority transit and transportation projects that will help people in their everyday lives, including GO Regional Express Rail, light rail transit, improvements to roads and bridges, natural gas network expansion in rural and northern communities and the Ring of Fire.

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if the money from the sale was transferred to the trillium trust, why would you need to announce new money in a budget for a road? Note that 2nd quarter is April-June.

Note the below from Noront's most recent MDA dated April 10, 2019

The Ferrochrome smelter is planned to be constructed at a brown-fields site in either Sault Ste. Marie or Timmins, Ontario.

Management is currently finalizing its site selection with the objective of making a final decision, starting preliminary site layout work and community engagement in mid-2019

Both WFN and MFFN are in discussions with the province of Ontario to establish the proponent of the proposed section of road north of the Albany River to the Ring of Fire.

The Company anticipates that the proponent for this critical section of the road will be established in the second quarter of 2019. 

 

The Company continues to view the gold potential in the Ring of Fire to be exceptional and remains committed to searching for the right partner to help advance the recently staked gold targets through a three-year strategic alliance, with the goal being discovery of one or more multi-million-ounce high-grade gold deposits.

Potential gold partners must be well financed, technically strong in gold exploration, and have an appreciation of Noront’s long standing relationships with the surrounding First Nation communities in the Ring of Fire. 

The Company’s objective is to be an owner, operator of high quality mining projects within and outside of the Ring of Fire. The Company’s management team has significant experience successfully building and operating large scale base metal mines and smelters, which the Company views as a competitive advantage.

Management will therefore look for opportunities to acquire high quality advanced development or production assets outside the Ring of Fire that leverage the skill set of management and complement the existing Noront properties. 

 

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