Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

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Re: area plays

Noront Resources

over 16 years ago

in response to PM's message

Depending on the strip ratio of a pit it will cost about 25-50% (e.g 10/t vs 40/t) of the cost of mining the ore as compared to going underground. The surface infastructure costs stay about the same. More importantly you can get mining much faster and cheaper (no shaft and stope development, a much simipler mining plan, no ventillation issue or back filling issues and less skill dependent mining).

... Been There