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 Auminer's message

You are right $10 million is for general capital expenses. That is most likely going to be used to complete the detailed feasability study for Eagle's Nest. There is still a lot to be done in terms of underground infrastructure layout which involves geotechnical drilling as well as more metallurgical and related test drilling needs to be done to determine the best mill flow sheet. Also the bedrock surface topography is not known well enough yet to establish a ramp location so money needs to be spent to establish that. This all needs to be done as soon as possible assuming the road gets built and mining starts as anticipated .