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: Noront Presentation

Ryan Weston did a great job. He is an asset to Noront.

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$NOT do need a gold partner. They do not seem interested in pushing gold even though they have it... but they need drilling to prove it.

Ryan did mention, it is not as easy as abitibi because of eskers... 2m on the top vs abitibi bare rock/visibility.

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I feel the approach is right for a small player. like Noront.. i.e. use initial Ni Cu deposits to fund future drilling.
That being said, a big player would be drilling non-stop when the road EAs were a done deal and construction began... or to have a partner to help funding.

Also, without the road, Ryan mentioned dilling is ~500/m... which is not cheap, so funding from...?

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The skinny.... there is much up there as we know... and there is much more up there to find (with funding)

I could keep going... but maybe a copy of the zoom video will be released at one point for all to review.

hagd

 

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