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.)
Okay let's look at the Lab's objectively. You may or may not be aware that in Canada there had been a view that there were no more big finds out there. Over many years the mining industry in Canada had been in decline along with the commodity prices, so labs closed. In relatively recent times the commodity prices have increased very much, and this has spurred on exploration in this country. Along with this the demand for lab assays have increased significantly. Now it is true NOT has paid the labs for quick turn around times and even with that, the labs have been slower than NOT's management has liked. This is why, as we understand it, they have provided seed money for a lab in Thunder Bay, that is not yet fully operational. Now back to those other labs. At some point in time those labs have got to service their other clients, they just can't keep putting aside their assays. Let's be honest NOT is not the only company sending in samples at an accelerated pace. If you follow any other exploration company you would realize by far most of those companies have reported the same frustration with the slow returns of assays. Yes yes some one is going to say company x got results this fast. But let's remember we cannot know what every relationship is between every company and every person. Let's be patient. People you can only work so hard and for so long.
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sag4tag
City
Nanaimo
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09/17/2007
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Noront Resources
Symbol
NOT
Exchange
TSX-V
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326,029,076 As of Jan 17, 2017
Industry
Metals & Minerals
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