1.One mine for all minerals.
2.More could be found all around the ring.
3.Fwr can sell to Cliffs and Noront can still compete with Cliffs rail infrastructure partnership
Within a four square kilometer block of land, two by two kilometers, the company has defined four mineral occurrences including our two key assets the Eagle's Nest and Blackbird deposits. This new structure is now being referred to as the Eagle's Nest-Blackbird Complex ("ENB Complex"). These two deposits currently are separated by a one-kilometre gap, which has yet to be thoroughly explored. In addition, the Blackbird deposits are flanked to the north by the Triple J gold zone and to the southwest by the Eagle Two nickel-copper deposit. It is our belief that the surrounding geology demonstrates the highly prospective nature of the entire ENB Complex and therefore it will continue to be a dedicated focal point for the Company, both in an expanded exploration capacity and in scoping studies to investigate shared mining infrastructure.
Ring of Fire Geological Understanding
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Noront has completed the thorough review of all historical geophysical data and as a result generated a series of new targets. Currently these targets are being prioritized and a new geological map of the Ring of Fire will be generated.
In addition, the Company continues to fund ongoing research by Dr James Mungall and his students at the University of Toronto to assist the Company in clarifying and understanding the geological setting and structure of the Eagle's Nest, Blackbird, and Thunderbird deposits. Recently acquired geochronological and lithogeochemical data now provide strong evidence to show that these deposits were formed as part of a single magmatic event of regional extent which also was responsible for the formation of the McFauld's Lake VMS deposits and for the intrusion of similar ultramafic and mafic bodies around the entire extent of the Ring of Fire.
