Noront Resources

Finally, Noront will advance its gold targeting initiatives with a full-scale compilation and review program to test its belief that the Ring of Fire may possess many of the right ingredients to host a significant gold deposit, including reactive host rocks and major intersecting structures. This has been overlooked in past exploration efforts due in part to the success of base-metal exploration campaigns. Past drilling proximal to the Eagle's Nest deposit has intersected several narrow high-grade gold-bearing structures including up to 1.5 metres of 18.3 grams per tonne of gold from 111 metre depth in NOT-08-1G013, and 4.5 metres of 5.0 grams per tonne of gold from 93 metre depth in NOT-08-1G020. These intersections occur within a larger structural corridor which is traceable for over six kilometres in strike. Parallel regional structures occurring to the south are continuous for tens of kilometres. Further development of the gold exploration program will be achieved by the geological work completed in this program.