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.)
in response to Canseco's message

"The fact that they established a geophysical signature of Eagle's Nest, and then were successful in finding two new areas of nickel mineralization based on this signature, bodes well for us in future exploration."

I would agree. The assays are nothing earth shattering by any means but they are sigificant in what they may lead to. Instead of checking out former signatures that lead to nothing much, they now imply that they have the divining rod they need. So, if it's there, and that 1% plus of Ni intercept is quite telling, they will find it in relatively short order.....if they haven't already. It's just a guess....I don't suspect the market will respond much to this and perhaps may see a bit of a downturn. However, it's interesting when they released this. It gives time to digest...so who knows?

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Sum4All
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