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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Noront Resources

about 16 years ago

Ever since the PR came out on E2, it appeared that the market was fixated on the chrome and there was no appreciation for the enormity of the discovery or the economics of it. This can only improve as work is done to define the orebody and this is something the company can promote and educate investors. To my knowledge, there has been no encouragement or explaination corporately. Once this is done, people can make informed investment decisions. There were two PR's and the second dealt with the Ni/Cu occurences at E2 and this was one of the facts that d12 reminded us of. There were grades reported at 1.98% and 2.24% Ni. over 4m and 5.5m lengths. Even grades of .68% over 24m is good news. It is inconceivable that our share price is under Genuity's target of $7.00.

Mike