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.)

I said very early on that unreported nickel results would have the effect of sweetening the offer for FWR, and that the timing of this offer was very strategic.

From the Noront Offer Q & A:

"Additionally and critically, management has greater understanding of and confidence in the Eagle’s Nest deposit....

We continue to operate four drills at the Eagles Nest discovery with the intent of delineating and expanding the recently discovered 1B and 1C lenses. Results (grades) to date are consistent with the resource estimate completed for Eagle 1(A) in 2008. Our objective continues to be to triple the current nickel, copper PGM resources and extend the Eagle’s Nest deposit to depth. Additional drill results are anticipated before the Noront AGM on October 15, 2009."

Lar

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hoov
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