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.)

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Preliminary Econimic Assesment....

Noront Resources

over 14 years ago

Never noticed this before.

Noront's President and CEO, Wes Hanson, states: "We have delivered on our stated objective to triple the resource at Eagle One (Eagle's Nest) and believe this updated resource is adequate to consider mine development. We will be immediately soliciting bids from qualified engineering companies to complete a Preliminary Economic Assessment ("PEA") on the McFaulds Lake Project, considering both the Eagle's Nest (Ni, Cu, PGE) deposit and the Blackbird chromite deposit." Mr Hanson adds: "The resource at a 3% nickel cutoff remains suitable for direct shipping, a concept developed in the original PEA. Most importantly, the deposit remains open at depth and along strike, providing significant opportunity for potential resource increases."