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.)

over 15 years ago

in response to Manicpower's message

So is it me or it could be a very vrey big deposit ??????

Sure, it could be huge. Just as the chromite beds are so much thicker and more massive (less intercalation) that other deposits around the world, that could be a predictor that other depositional events associated with the same magmatic intrusion could also be scaled up from other deposits elsewhere. These initial interceptions do indicate a very large deposit, but the layering effect seen elsewhere (and reported here in the NR as "isoclinical.....numerous ferro-gabbro sills", i.e. layers conforming in three dimensions, with recurring magnetite-enriched layers) would predict that the layers nearest the base of the deposit (not yet defined) may be much higher grade. One hole does not define the resource, eh? Expect much more drilling on this one, especially since the ultramafic/mafic boundary might be interesting with respect to precious metals. If they can find it.

Lar