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.)

Home Videos Research Press Release Q&A Discussion

Threads Posts

Re: New 43-101 explanation? - Peter.

Noront Resources

over 14 years ago

in response to Peter Marshall's message

Did you not read or look at the March 9 report?

I took the following out of it:

Category CUTOFF TONNES Ni % Cu % Pt gpt Pd gpt Au gpt Ag gpt
Indicated 2 2,299,495 3.98 1.71 2.28 6.03 0.24 4.5
Inferred 2 685,490 3.28 1.25 0.71 5.39 0.21 4.8

Total is just under 3 million tons. But why bother with 2%?

With nickel worth 10$ a pound, 12 pounds of only nickel pays for the processing, so with credits of other metals we have a profit even with 1% nickel.