Re: Why worry
in response to
by
posted on
Dec 15, 2007 06:43AM
First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed
For obvious reasons double eagle is top of the bill for now.
But here's a brief summary of the other projects Noront is still involved in and some of them will add value in 2008.
Windfall Lake Project
Numerous diamond drill holes were completed on this project with a number of significant gold intercepts. Ongoing underground exploration with ramp building. See the numerous press releases.
Burnt Hill Project
Tungsten deposit in Stanley Parish, York County. 3-dimensional modeling of the deposit under National Instrument 43-101 guide lines indicates a reasonable potential target for tungsten mineralization that would vary in the range of 1,800,000 to 2,300,000 tons at a postulated grade around 0.45% Tungsten (W03) to 0.55% Tungsten (W03) per ton giving the deposit a contained content of around 19.8 to 20.7 million pounds of W03 and visibles grades of accessory metals such as tin, molybdenum and bismuth.
China 1 project
In China Noront has acquired a 100% interest in the Tie Jiand Ying 21 referred to as the China 1 copper/gold project which consists of a mineral rights permit comprising 5.16 square kilometres with values of 1,715.8 gm/mt Au, 338 gm/mt Ag and over 1% Cu from the bedrock sample, and 11.9 gm/mt Au, 9.2 gm/mt Ag and over 1% Cu from the rubble sample.
Ireland Project “Larder Lake”
Located in North Williams Township, Larder Lake Mining Division, Northeastern Ontario. 8 claim, 26 unit property. An airborne magnetometer and radiometric survey was carried out in June of 2007. A limited sampling program of previously trenched showings was undertaken in August 2007. Assays results are pending completion of analysis.
Lawson Township Copper Prospect
In June 2006 Noront entered into an option agreement with a local prospector wherein it has the right to earn a 100% interest in a group of 6 claim units in Lawson Township, Larder Lake Mining Division, Northeastern Ontario. Geophysical (I.P.) surveys indicated a possible subsurface extension to the east of the surface copper showing. In August of 2007 a limited trenching and sampling program has been carried out and sample assays are pending.
Hunters Point Uranium and Gold Project
The Hunters Point property was optioned in June of 2006 from Globex Mining Enterprises Inc. Noront Resources Ltd. has the right to earn up to a 100% interest in a package of 6 claim groups that total 763 hectares. Historical values ranging up to 1.12 oz/ton gold and 7.7% uranium from surface grab samples. 2006 additional claims were added bringing the total land package to an area in excess 14,000 hectares.
El Verde Project, Mexico
On November 23, 2006 Noront announced that it had entered into an Option Agreement with a Mexican National (the Optionor) to acquire a 100% interest in the “El Verde” zinc, copper, silver property (located approximately 26 km north-northwest of the town of Choix in Sinaloa State, Mexico) consisting of 305 hectares (696 acres). In the early 1970s, the Mexican government completed two short diamond-bit drill holes – reportedly, one of these holes intersected over 26 meters (81ft) an average 9.6% zinc (Zn). The records also report that this diamond-bit drill hole went to a depth of 70 meters. The top of the unit drilled appears to be in an oxidized skarn, well leached, abundant hematite, copper oxide, some zinc, oxides calcite and phlogopite. Results at the bottom of this hole returned values over 1.2 meters of 17.1% zinc 2.95% copper (Cu) and just under 2 oz of silver (Ag). .If this Phase proves to be successful a road can be constructed to the south of the area drilled in
Volcan Copper/Nickel Property
In December 2005, Noront entered into an option agreement to acquire a 100% interest in this property of 616 hectares (1522 acres) near Todos Santos in the state of Baja California South on the west coast of Mexico. A detailed ground magnetometer survey was recently completed and several strong anomalies have been located along a north-south trend where previous trenching in 1968 discovered significant copper-nickel sulphide mineralization across widths up to 16 meters in a series of trenches along a 400 meter strike length. In 2005 check chip channel samples were taken from the 50 foot trench averaged 2.95% Copper and 0.355% Nickel across 50 feet. Cobalt assays gave values ranging from 230 parts per million (ppm) to 950 ppm (0.095% Cobalt) while Precious Metals (Au, Pt, Pd) assay results gave values up to 0.504 grams per ton.
Mid-Matra Project, Hungary
On November 6, 2006 Noront entered into an agreement with private interests in Hungary to acquire mineral exploration permits, in the Mid-Matra region near the village of Paradsasvar, 110 km northeast of Budapest, that cover approximately 30 square km in known mining area about 6 km east of large Recsk polymetalic deposit of copper, zinc, lead, molybdenum, gold and silver. Noront’s Mid-Matra exploration permits were investigated earlier – several underground adits were driven to detail sample widespread vein type polymetalic mineralization.
Lizar property
Noront announced on June 5th, 2007 the acquisition of the Lizar gold and base-metalproperty (the “Property”) located in northwestern Ontario. The Property was optioned from Freewest Resources Canada Inc. whose exploration activities over the last 5 years on it, resulted in the discovery of several new high-grade gold occurrences. The Lizar property consists of 504 claim units, or 81 square kilometres and is situated in Lizar, Breckenridge, Namiegos and Mosambik townships, 500 kilometres east of Thunder Bay and 90 kilometres east of the Hemlo gold mining operations near Marathon.
Garden Island property
Noront announced on July 9th, 2007 that it has entered into an agreement with a private Quebec company, TSR Resources Inc. (TSR) to acquire an interest in TSR’s Garden Islandgold-base metal property. The Garden Island property is located approximately 15 km northeast of Val d’Or, Quebec and is comprised of 296 mining claims, most of which are in Pascalis and Senneville Townships, which lie along a northwest-southeast trending Abitibi volcanic greenstone belt. Reconnaissance work todate consisting of prospecting and bedrock sampling with the aid of a small drill has indicated areas for further follow-up. In particular a detail grid is being established in the southeast portion of the property to cover a large gossanous area containing stringers of massive iron sulphides with minor copper and zinc mineralization in mafic volcanics indicative of a stringer zone commonly occurring adjacent to base metals deposits.
Iron Lake Project
In July of 2007, Noront entered into a Letter of Intent covering the optioning of a 97 leased claim grid units in Kating & Killins Township, located within the District of Algoma, northern Ontario. The property (22 sq. km.) occupies a portion of the western limb of the Michipicoten Greenstone Belt and in particular covers several iron formations and conglomeratic sedimentary units which have recently been recognized as having distinctive characteristics- namely being a volcanogenic heterolithic breccia similar in character to Dianor Resources 'DBR'unit. The area has had very little exploration for other commodities such as platinum, palladium, rare earths or diamonds. A number of amphibolitic, gabbroic and ultramafic units have intruded the area around the Kabenung Lake stock. Numerous lamprophyre dikes exist as well as intrusives of unknown origin- these have never been adequately sampled especially for their indicator minerals or diamond content.