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.)

Platinum futures for January delivery rose $31.60, or 3.1 percent, to $1,043.70 an ounce on the New York Mercantile Exchange.

Platinum will gain on tight supplies, BlackRock Investment Management Managing Director Graham Birch said today at a conference in London. The metal is becoming harder to mine because of a shortage of available deposits, a lack of power supplies and political instability in key regions, Birch said.

``Platinum is one of my favorites,'' he said.

Full story:

http://www.bloomberg.com/apps/news?p...

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bravekind
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Noront Resources
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NOT
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TSX-V
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Metals & Minerals
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