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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SPQ/KWG/FWR news out

Noront Resources

almost 16 years ago

Re: SPQ/KWG/FWR news out

Noront Resources

almost 16 years ago

in response to QQ_Girl's message

This is the frosting on the cake and just maybe soon the 'Market' will take note of potential Chromite value in ROF.

Take a look at FNC's news release today reporting 7 Meters of Chromite hit at depth.

This is another indication that those chromite beds are sweeping down from FWR's claims (and jv's) through FNC and Noront claims.

Right now there isn't enough nickel resource proven up to tempt a Major into pouring cash into the ROF. HOWEVER that sure doesn't seem to be the case when considering Chromite.

IF we see a 'Major' stepping up to the plate in the near future it looks to be for Chromite. Yes it's early and they'll want to see base resource in excess of 30 Million tonnes. The nice thing is that indications from Noront, FWR (and partners) and now FNC makes one thing 100 million plus rather than 30 million plus.