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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4 things to think about

Noront Resources

almost 14 years ago

(1) It has been almost one month since we received this news of 104.7Meter and 203.3 meter intercepts. I look forward to the platinum & palladium results to come.

TORONTO, Sept. 28 HIGHLIGHTS:
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- NOT-10-085-W1 intersected 104.7 metres averaging 1.66% Ni, 0.81% Cu
- Including 2.4 metres averaging 7.45% Ni, 0.23% Cu
- NOT-10-085-W2 intersected 203.3 metres averaging 1.69% Ni, 1.01% Cu

Platinum and palladium results of the two holes reported are not complete at this time. These results will be released at a later date.

(2) Short position as of Sept. 30, 2010 was 3,200 shares.

(3) Institutional ownership remains around the 59%. They are not going anywhere.

(4) Oct. 5. 2010 Michael Gravelle made this comment:

Hon. Michael Gravelle:Listen, I can tell you that, obviously, as you would know, I know and respect Grand Chief Stan Beardy greatly. We have worked together and continue to work together on a number of positive initiatives. There’s some work going on right now that I can’t discuss at this point because we’re not yet in a position to announce it, but it is extremely positive in terms of future development in northern Ontario."