Noront Resources Ltd.: MMS Style Copper-Nickel Sulphide Mineralization Continues to be Returned From AT12 Anomaly
October 06 2008 - 3:40PM
Marketwired
Noront Resources Ltd. ("Noront") (TSX VENTURE: NOT) is pleased to
report the following additional drilling results from the AT12
Anomaly site in the McFaulds Lake area of northern Ontario in the
James Bay Lowlands.
Diamond drilling continues as 9 holes have been completed to
date, one hole abandoned due to flattening (NOT-08-2G9) and two
holes abandoned after 3 unsuccessful attempts to reach bedrock for
each (hole nos. NOT-08-2G5 and 6). To date with the completion of
hole no. NOT-08-2G12, 3665.5 meters (including 684.9 meters of
overburden drilling) has been completed. While several weeks were
lost with the unsuccessful attempts to penetrate the difficult
overburden, the program is now progressing well by fanning out with
multiple holes from drill set-ups where the thick overburden can be
penetrated.
Assay turnaround time continues to be excessive (6-8 weeks) with
assays from NOT-08-2G1 being previously reported and hole no.
NOT-08-2G2 reported below. There are samples out from four other
holes with assays pending. Two holes as indicated in Table 1 did
not intersect any significant mineralization. The 9 holes completed
to date have tested the north-south striking Airborne AT12
coincident, magnetic-conductive Airborne anomaly, which continues
weakly to the south and abruptly terminates to the north where the
overburden thickness increases. Drilling thus far has encountered
significant iron-copper-nickel sulphide mineralization within a
Peridotite host rock (conduit) encased within an older Granodiorite
Intrusive similar to the Eagle One geological environment 9.5km to
the southwest. The Peridotite host has not returned any significant
sulphide mineralization below 200 meters thus far. The strike
length of the occurrence tested to date is approximately 150 meters
and core widths of the near vertical MMS dipping sulphide
occurrence varies up to a maximum of 46.7 meters. The AT12
mineralized occurrence remains open to the south where future
drilling will be carried out as well as fill-in definition drilling
for Resource Inventory calculations.
Extension of the favourable Peridotite filled conduit will be
tested along the north-south strike projection with deep
penetrating geophysical methods to outline conductive bodies
similar to AT12 beneath the existing shallow detection limits of
the existing Airborne technology.
A previous press release (dated September 15, 2008) provided
details of the first eight holes. The following table provides
details of additional drilling as well as observed visual
mineralization in the last two holes recently completed.
TABLE 1
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Hole ID Easting Northing Azimuth Dip Length Mineralization
UTM(m) UTM(m) (m) (observed)
---------------------------------------------------------------------------
NOT-08-2G9 553990 5850520 295 -45 295.0 Hole abandoned due to
excessive deviation
---------------------------------------------------------------------------
---------------------------------------------------------------------------
NOT-08-2G10 553990 5850520 295 -62 627.0 No significant
mineralization
encountered
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---------------------------------------------------------------------------
NOT-08-2G11 553772 5850735 315 -60 225.0 122.7-169.4 (46.7m)
Mineralized Peridotite
disseminated with
intermittent massive
to semi-massive bands
iron, copper, nickel
sulphides
---------------------------------------------------------------------------
---------------------------------------------------------------------------
NOT-08-2G12 553772 5850735 315 -65 291.0 189.2-233.1 (43.9m)
Mineralized Peridotite
disseminated with
intermittent massive
to semi-massive bands
iron, copper, nickel
sulphides
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---------------------------------------------------------------------------
The foregoing represents visual observations only, as reported
by qualified geologists, however these are estimates only and
pending assay results may not confirm visual observations in whole
or in part. The widths contained in the above table are not true
widths as insufficient drilling has been completed on this
occurrence to determine true widths.
Assay results have recently been received for hole NOT-08-1G2.
---------------------------------------------------------------------------
Hole ID From To Int. Ni% Cu% Pt Pd Au Ag
(m) (m) (m) (g/t) (g/t) (g/t) (g/t)
---------------------------------------------------------------------------
NOT-08-2G02 196.5 226.1 29.6 0.72 0.18 0.13 0.57 0.21 0.13
---------------------------------------------------------------------------
including 216.3 226.1 9.8 1.41 0.29 0.16 0.77 0.55 1.54
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INDEPENDENT QUALITY CONTROL AND ANALYTICAL PROTOCOL
A thorough quality control program is in effect for the AT12
project which has included grouping samples into batches of 35 into
each of which were added 2 certified reference material standards,
2 field blanks comprised of sterile drill core, and a field
duplicate. Coarse reject and pulp duplicates also form part of each
batch. It can be said with confidence that all assays as reported
in this Press Release have passed the strict quality control
guidelines as set out by Independent Qualified Person ("IQP") Ms.
Tracy Armstrong P.Geo. of P&E Mining Consultants Inc.
All samples reported upon herein were completed by Activation
Labs (Actlabs) of Ancaster, Ontario. The samples submitted to
Actlabs were analyzed using four acid digestion followed by ICP
multi-element analysis. The Cu and Ni samples that received values
greater than the maximum limit using the multi-element analysis
underwent further analysis using ICP-OES. For precious metals the
assay methodology was Fire Assay/ICP. For more information on assay
methodology please visit the Activation Laboratories Ltd. Website
at http://www.actlabs.int.com.
Drilling results in this press release have been reviewed in the
field and approved for dissemination by Noront's senior management
including John Harvey, P.Eng. Chief Operating Officer of Noront and
Dr. Jim Mungall P.Geo., Noront's Chief Geologist, both being
Qualified Persons under Canadian Securities guidelines. Noront is a
tier 2 junior resource company on the TSX Venture Exchange, trading
symbol NOT, with 129,894,783 shares issued to date.
Investors are invited to visit Noront's IR Hub at
www.agoracom.com/IR/Noront where they can post questions and
receive answers or review questions and answers by other investors.
Alternatively, you can email questions to NOT@agoracom.com and also
request to be added to the investor email list to receive all
future press releases and updates in real time.
ON BEHALF OF THE BOARD OF DIRECTORS:
R. Nemis, President and Chief Executive Officer
This press release includes certain "Forward-Looking Statements"
within the meaning of the US Private Securities Reform Act of 1995.
Other than statements of historical fact, all statements are
"Forward-Looking Statements" that involve such various known and
unknown risks, uncertainties and other factors. There can be no
assurance that such statements will prove accurate. Results and
future events could differ materially from those anticipated in
such statements. Readers of this press release are cautioned not to
place undue reliance on these "Forward-Looking Statements".
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Noront Resources Ltd. Neil Novak, P.Geo. (416)
864-1456 (416) 367-5444 (FAX) Email: info@norontresources.com
Website: www.norontresources.com
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