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.)
Windfall
about 8 years ago
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Re: Windfall
about 8 years ago
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in response to SudburyBoy1's message

Sudburyboy1,

please see below.

http://www.osiskomining.com/projects/urban_barry/windfall/

The Windfall Lake property is 100 percent owned by Osisko Mining Inc. and comprises 285 individual claims covering an aggregate area of approximately 12,400 hectares

http://www.southernarcminerals.com/section.asp?pageid=26379

Ownership: Southern holds a substantial interest in Oban Mining Corporation, which in turn owns 100% of the Windfall Lake Gold Project

In August 2013, Southern Arc acquired a 26% interest in Eagle Hill Exploration, which owned the high-grade Windfall Lake Gold Project in Quebec, Canada. With gold grades averaging 8.42 g/t gold in the indicated category, Windfall Lake is one of Canada's highest-grade resource-stage gold projects, located in one of the world's best mining jurisdictions.

Southern Arc and Dundee Corporation (29% interest) worked together to advance the Windfall Lake project, executing a number of successful drill campaigns and completing a Preliminary Economic Assessment for the project in April 2015.

In August 2015 Eagle Hill was acquired by Oban Mining Corporation as part of a four-way merger with Ryan Gold and Corona Gold. Osisko Gold Royalties also agreed to invest up to $20 million in the new company. Oban offered Eagle Hill shareholders 10 Oban shares and 5 warrants for each Eagle Hill share, representing a 258% premium to market. Following completion of the transaction, Oban Mining consolidated its shares on a 20:1 basis. Southern Arc now holds a substantial interest in Oban Mining, with both shares and warrants.

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Babjak1
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Noront Resources
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