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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And we’ve compiled all this information together, the mag fabric, the occurrence of conductive bedrock, inferred from airborne surveys, and by looking at the drill results of the drill program we have an idea what the actual rocks are, so now we can draw on that

So here’s the geological map as it stands now, it’s still going to be revised as more information comes along but we have a fairly good idea now what we’re looking at. The brown here is the oldest rock in the area, this rocks are probably about 2.8 billion years old. And when they were perhaps a hundred million years old, they were eroded off flat and they were covered by a thin sheet of iron formation , which is now here ( pointing to where?) and then that was then overlain by more iron formation and volcanic rocks, basalts and so on, including the VMS deposits over here.

After some time, and we’re not exactly sure how long, that stack of sediments and volcanic rocks was inflated by granitic intrusions, the pink rocks rocks that you see on maps of the Canadian Shield, and it just sort of inflated the whole stack, and subsequently to that, the purple intrusion came in. This is the ultramfic intrusion that’s the focus of all the excitement. So this intrusion along here was a flat lying body which we call a sill, and that’s where we’re finding chromite, and projecting down off of it, downward at that time is up on this map, are these spiky things which were dykes. These were cracks in the earth, filled with ultramafic magma, into which sulphide liquid could drain.

So what we’ve got now at the tip of each one of these cracks is a sulphide deposit. AT12 is here ( pointing) , that one’s still being explored. Eagle 1 is here in one of these little cracks. It looks little here but it’s several hundred meters long and goes down forever.( repeats here, perhaps at the request of a listener) Eagle 1, little crack here, it’s actually a few hundred meters long and goes down, we don’t know how far, but it’s open to depth, AT12 is here, this one is still being explored. All of these dykes are actually projecting downward off of this sill, and subsequent to the formation of the intrusion and the end of the all the action the whole system was folded so that this structure was turned on it’s side. Down is that way, up is that way ( gesturing).

The chromite deposits formed along the flat part of the intrusion where they could just settle, and form, if you want to think of them as being like sandbars on the bottom of this intrusion as the magma was flowing through, piling up the chromite into sheets.

Blackbird 1 over here ( pointing) is sitting directly underneath the Eagle 2 sulphide deposit. We went over here to Blackbird 2 and found more chromite, and we’ve been stepping back through and so far what you’ve seen in the latest visuals from the press releases is that we continue to find chromite in between.

Freewest has chromite here ( pointing), Freewest, Spder, KWG I should say. Freewest has chromite here and here ( pointing) . Everywhere that this intrusion has been drilled, there’s massive chromite. So, we can infer if we want to be blue-skies, optimistic that the entire belt may contain massive chromite , all the way from here ( pointing) all the way around this completely untested mag anomaly and up tot the northeast.

So Noront has tens of kilometers of untested potential for chromite as well as some other ultramafic dykes which haven’t been completely tested, and all the down-depth, down-plunge potential underneath Eagle 1 and AT12 and Blackbird 2.





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