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.)

almost 14 years ago

in response to crazytrade's message

Hi, CrazyTrade-

Wow, this NR is really good news. I expect we will get more before the AGM. I am half amused and half annoyed that the headline that StockWatch placed on this NR:

"Noront drills 104.7 m of 0.81% Cu at McFaulds Lake"
Yep, Noront is sure known as a BIG copper play, EH?!?

Back in the days of RN and Jim Mungall, Jim kept asking for a straight-down vertical hole, but was repeatedly denied because of the cost: ~$220K. That was for a "shallow" 1000m hole (which was eventually drilled and became hole 049). If you look at the diagram referenced in the latest NR, you can see that a vertical hole has little chance of intersecting mineralization at depth. It doesn't go in a straight line. And these deep holes are much more expensive. So I expect more wedge holes, doing exactly what you want (showing that something is there) for a lot less $$$$$$ expended.

Lastly, it was nice to read that the trend of the new mineralization was to the southwest... good for Noront, not so good for FNC.