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.)

about 8 years ago

in response to crazytrade's message

They have dozens of targets that they could drill so spending money on exploration is no problem. Just because you drill does not mean you have found something, you drill to find something or confirm your suspicions based on geology and/or geophysics. Also because there is no road drilling is more expensive up there.