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)
Message: This company is at the forefront of sustainable mining in the Ring of Fire
If Noront was about to get private why would they be a winner in this year’s TSX Venture 50 ??? because it will not happen.The company at the forefront of sustainable mining in the Ring of Fire | Financial Post
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- The company’s first project is a 100 per cent-owned, high-grade, nickel, copper and platinum group element (PGE) deposit called Eagle’s Nest
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- Noront is aiming to develop the first mine in the Ring of Fire in true partnership with local Indigenous communities, contractors, suppliers and the communities of Northern Ontario
Noront Resources Ltd. (TSXV:NOT) is a Canadian-based mining company that is focused on developing resources in a responsible way that will be essential to a decarbonized future.
A winner in this year’s TSX Venture 50, Noront believes that the Ring of Fire will become the next great mining district in Ontario and will create prosperity and opportunity for generations to come.
Noront currently has three near-term development projects in Ontario:
Eagle’s Nest Ni-Cu-PGE Mine
- Noront’s first project is the Eagle’s Nest Mine, a high-grade nickel-copper-platinum-palladium deposit located in the Ring of Fire region of Northern Ontario
- It is expected to produce 3,000 tonnes of ore per day, which will be mined by underground methods and processed to deliver 150,000 to 250,000 tonnes of nickel-bearing concentrate per year
- The mine is expected to reach commercial production three years after permits are received with an anticipated mine life of 11 years and the potential for nine additional years
- Eagle’s Nest will be unique in its design, reflecting input from extensive discussions Noront has had with local communities and other stakeholders
Blackbird Chromite Deposit
- The Blackbird chromite deposit was discovered in 2008 and will be the second mine in Noront’s pipeline
- It is one of a number of large tonnage, high-quality chromite discoveries in the Ring of Fire
- The Blackbird chromite deposit offers significant potential due to its size, grade and location (less than one kilometre from Eagle’s Nest)
Black Thor and Black Label Chromite Deposits
- The Black Thor chromite deposit was discovered in 2008 by Freewest Resources while testing a three kilometre gravity anomaly
- Further drilling in 2009 revealed another parallel chromite horizon 150 metre to the northwest now known as Black Label
- Black Thor is the largest chromite deposit in the Ring of Fire
To learn more about Noront Resources’ investment proposition, visit their website here.
Make sure to follow Noront Resources Ltd. to see their latest updates:
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The 2022 TSX Venture 50 is a ranking of top performers on TSX Venture Exchange over the last year. The ranking is composed of 10 companies from each of the five industry sectors, and they were selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume.
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For the full 2022 TSX Venture 50 ranking, methodology and profile videos of companies included in the ranking, visit www.tsx.com/venture50.
Canada’s Top Public Venture Capitalist 2022
You’re invited to participate in a stock trading simulation contest featuring this year’s top 50 performing public venture companies on TSX Venture Exchange. The ranking is composed of 10 companies from each of five industry sectors, selected based on three equally weighted criteria.
Register now for Canada’s Top Public Venture Capitalist Contest: https://v50.stocktrak.com/members/register
Contest details:
Each registrant will be provided an initial balance of $50,000 of virtual cash in their contest portfolio account (no actual money will be involved) and asked to build a portfolio based on this year’s TSX Venture 50. Be sure to watch the corporate videos, available on the site, to learn more about the companies.
Contest trading begins at 9:30 a.m. ET on Thursday, March 3, 2022 and ends at 4 p.m. ET on Thursday, April 28, 2022. The Contest winner will be announced on May 13, 2022.
This story was provided by Market One Media Group for commercial purposes
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