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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Re: Jim Mungall - Ring of Chromite

Noront Resources

almost 16 years ago

in response to semismart's message

Hi Semismart,

2 options: from what I recollect, he received option about 4.80 last year and later received the second one around 3.50 in July/August.

But from June 2008, he is full time Chief Geologist for Noront. ( with salary )

When I was in PRB AGM, they predicted the CR will go as far as PRB/ Mantis JV..so far the thickness is in FWR but all of the ROF cos drill has not go deep enough to exhast the true depth yet. Someone in the forum did mention may be because of the cost/type of drill/ try to locate more discoveries before going back to the discovered one...

Since I am not technical, I only remember some peers comment..