Noront Resources

IMO, the recent run-up could be related to visual mineralization on hole NOT-09-50. July 6th announcement indicated that drilling at hole 50 was underway as of July 6th. Actual drilling could be started a few days prior to July 6th. I've been monitoring Probe's 8 drillings in total at jv properties at above Big Daddy, it takes 2-3 days to complete one 250m hole. A 1,000 metre platform hole for BHEM survey would take 8-12 days for completion (in early last week). The timing was coincidently about right when the recent rally was started.

NR on July 6, 2009

"Noront is currently operating three drills within the McFaulds Lake area. One drill is completing a second, deep BHEM platform hole at Eagle One, the second drill is working at AT-12, and the third drill is operating on Noront’s northern claim area where coincident airborne MAG and EM anomalies are being targeted. All drilling currently underway is focused on testing for additional base metal targets."