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 BurningRoF's message

Maybe not as off topic as I suggested. I wonder if NOT would have any interest in a JV or the TBM's Ring of Fire land?

The Company intends to roll its base metal assets, including the Confederation Lake properties and its properties in the James Bay Lowlands, McFaulds Lake area "Ring of Fire", into its subsidiary company, McFaulds Resources Inc. ("MFR"), with a view to seeking financing and/or joint venture opportunities separately through MFR in respect of its base metal assets. If the Company is able to properly fund MFR, it may file a prospectus to take MFR public and distribute the share interest held by the Company in MFR to the shareholders of the Company pro rata as a dividend in specie.