TORONTO, Jan. 20 /CNW/ -- TORONTO, Jan. 20 /CNW/ - Noront Resources
Ltd. ("Noront" or the "Company") (TSX Venture: NOT) is pleased to
report all remaining assay results from the 2010 exploration
program, including results from holes drilled to collect
metallurgical samples, at the Company's McFaulds Lake Project in
the James Bay Lowlands, Ontario. The Company is also pleased to
announce that exploration has resumed for the winter season.
Highlights - Metallurgical - geotechnical holes at Eagle's Nest: --
NOT-10-GT04 intersected 206.3 meters of 4.6% Ni, 2.1% Cu, 1.87 gpt
Pt and 7.76 gpt Pd -- NOT-10-GT01 intersected 48.3 meters of 1.9%
Ni, 1.0% Cu, 1.03 gpt Pt and 3.59 gpt Pd Highlights - Regional
Drilling 2010: -- NOT-10-1G186 intersected 1.2 meters of 0.6% Ni,
0.2% Cu, 0.08 gpt Pt and 0.76 gpt Pd -- NOT-10-1G195 intersected
7.8 meters of 0.4% Ni, 0.1% Cu, 0.08 gpt Pt and 0.41 gpt Pd
Noront's President and CEO, Wes Hanson, notes, "Hole NOT-10-GT04,
targeted to intersect a broad interval of massive sulphide
mineralization at Eagle's Nest for metallurgical sampling, returned
one of the best intervals to date confirming the predictive
accuracy of resource model. The regional drilling program
significantly expanded the limits of the ultramafic rocks that host
nickel, copper sulphide mineralization. This expanded footprint has
generated additional target areas prospective for nickel, copper
sulphides within Noront's large land area." Mr. Hanson adds: "The
Company has resumed exploration for the winter season and our focus
continues to be the discovery of additional nickel, copper sulphide
resources. Initial drilling will focus on the Western and
Thunderbird intrusive complexes while ground geophysical surveys
are completed at AT-12. On completion of the geophysics, drilling
of the AT-12 Complex will commence. We are looking forward to
drilling additional targets at AT-12 where the Company has
intersected the best nickel, copper sulphides grades outside of
Eagle's Nest." 2011 Winter Exploration Program: The 2011 winter
program is fully funded and consists of ground based geophysical
surveys and diamond drilling. The focus is on the discovery of
additional nickel, copper sulphide mineralization similar to or
larger than the Eagle's Nest discovery. The Company believes
additional nickel, copper sulphide mineralization may be buried and
therefore does not provide a strong response using airborne
geophysics. As a result, ground geophysical surveys of the AT-12
Complex are planned to assist in identifying drill targets. A total
of 10,000 metres of drilling is planned during the winter program.
Drilling will utilize two drill rigs for the duration of the
program. One drill is currently testing strong borehole geophysical
targets within the Western Complex approximately 3 to 4 kilometres
southwest of Eagle's Nest. Once completed, this drill will move to
the Eagle's Nest Complex to test borehole and surface
electromagnetic targets identified in 2010. These targets have the
potential to host nickel, copper sulphide mineralization that could
increase the mineral resources for the project. The second drill is
currently testing strong geophysical targets at the Thunderbird
Complex, specifically to the west of and the extension of the
Thunderbird iron, titanium, vanadium ("Fe-Ti-V") discovery. As with
AT-12, access to this area in the summer months is difficult. The
onset of winter conditions allows the Company to drill at
Thunderbird at a significantly reduced cost. Regional magnetic
surveys indicate that the Thunderbird Complex has a 7.0 kilometre
strike length. Drilling to date has intersected elevated Fe-Ti-V
mineralization over substantial thickness along a 1.0 kilometre
strike length. Iron occurs primarily as magnetite that may be
amenable to magnetic separation to produce a quality iron
concentrate. The Company plans to drill three to five holes to gain
a better understanding of the Thunderbird mineralization. The
following Table summarizes the results (previously reported) at
Thunderbird. Thunderbird Drill Results (previously reported April
30, 2009 and July 29, 2009)
_____________________________________________________________ |
HOLE ID |FROM | TO |INT. |V(2)O(5) |TiO(2) |Fe(3)O(4 )| | | (m) |
(m) | (m) | % | % | % |
|___________|______|______|______|_________|_______|__________|
|NOT-09-2G21|132.55|310.58|178.03|0.36 |2.77 |24.72 |
|___________|______|______|______|_________|_______|__________|
|and |397.2 |496.84|99.64 |0.36 |2.66 |23.58 |
|___________|______|______|______|_________|_______|__________|
|NOT-09-2G24|64.73 |229.59|164.86|0.36 |2.79 |24.63 |
|___________|______|______|______|_________|_______|__________|
|and |319.91|433.56|113.65|0.33 |2.65 |23.2 |
|___________|______|______|______|_________|_______|__________|
|NOT-09-2G25|75.8 |317.21|241.41|0.37 |3.07 |25.85 |
|___________|______|______|______|_________|_______|__________| The
mineralized intervals above do not represent true widths, which
cannot be determined at this time. At AT-12, the Company has
initiated deep penetrating surface geophysical surveys that are
designed to identify highly conductive mineralization to depths
approaching 600 metres. This will be the first time such technology
has been utilized by Noront in the Ring of Fire. The
objective of the ground based geophysics is to identify potentially
buried nickel, copper sulphide mineralization at AT-12. The
Company's geologists and advisors believe that AT-12 is part of a
feeder system that is geologically similar to the Eagle's Nest
discovery. Previous drilling has intersected significant nickel,
copper sulphide mineralization at AT-12. Considering the size and
extent of the chromite discoveries to the south of AT-12, the
Company believes that the AT-12 feeder system could potentially be
much larger than the feeder system at Eagle's Nest.
(http://norontresources.com/find/id/55/Qp). Metallurgical and
Geotechnical Drilling Program: The Company completed a five-hole
drill program to acquire geotechnical data and to collect
representative samples for initial metallurgical testing of the
Eagle's Nest deposit. Hole NOT-10-GT04 was targeted to intersect
massive sulphide mineralization over a broad interval length. This
hole successfully intersected over 200 metres of massive sulphide
mineralization as planned, confirming the predictive accuracy of
the current resource model for Eagle's Nest. With the exception of
NOT-10-GT02, samples collected from the drill holes were split with
half of the core sent for assay and the other half used to generate
metallurgical samples for future testing. In the case of
NOT-10-GT02 the core was not split and the entire mineralized
interval was used for metallurgical samples. Therefore, no assay
data is available. Hole NOT-10-GT02 did intersect nickel, copper
sulphide mineralization as planned.
(http://norontresources.com/find/id/56/qD)
(http://norontresources.com/find/id/57/d2) Metallurgical samples
have been received at SGS Lakefield labs in Peterborough, Ontario.
The metallurgical test work is currently underway with results
anticipated in the first quarter of 2011. The following Table
summarizes the results of all holes completed for the metallurgical
and geotechnical field program. All of the holes drilled for
metallurgical and geotechnical purposes are located within or near
the Eagle's Nest nickel, copper, platinum and palladium discovery.
____________________________________________________________________
| HOLE ID |FROM | TO |INT. |Ni %|Cu %|Pt gpt|Pd gpt| Au | | | (m) |
(m) | (m) | | | | | gpt |
|____________|_____|_____|_____|____|____|______|______|_____________|
| | | | | | | | | |
|____________|_____|_____|_____|____|____|______|______|_____________|
|NOT-10-GT01 |147.2|195.5|48.3 |1.88|0.96|1.03 |3.59 |0.12 |
|____________|_____|_____|_____|____|____|______|______|_____________|
|NOT-10-GT02 |Hole not sampled, whole core used to form
metallurgical| | |composite samples |
|____________|_______________________________________________________|
|NOT-10-GT03 |Excessive deviation, restarted as NOT-10-GT03A |
|____________|_______________________________________________________|
|NOT-10-GT03A|633.8|701.5|67.7 |1.57|0.88|1.04 |2.90 |0.31 |
|____________|_____|_____|_____|____|____|______|______|_____________|
|NOT-10-GT04 |47.0 |253.3|206.3|4.58|2.10|1.87 |7.76 |0.19 |
|____________|_____|_____|_____|____|____|______|______|_____________|
|NOT-10-GT05 |117.4|138.5|21.1 |2.14|2.02|2.42 |4.51 |0.30 |
|____________|_____|_____|_____|____|____|______|______|_____________|
The mineralized intervals above do not represent true widths, which
cannot be determined at this time. 2010 Regional Exploration:
Regional drilling in the fall of 2010 increased the lateral extent
of the ultramafic host rocks to the north and west of Eagle's Nest,
providing an expanded footprint for future exploration. At the
Western Complex, west of Eagle's Nest, drilling encountered narrow
zones of disseminated sulphide mineralization, indicating potential
for larger zones.(http://norontresources.com/find/id/58/58). The
following table presents the complete results from the regional
exploration drill program from the fall 2010 program.
___________________________________________________________ | HOLE
ID |FROM | TO |INT. |Ni %|Cu %|Pt gpt|Pd gpt|Au | | | (m) | (m) |
(m) | | | | |gpt |
|____________|_____|_____|_____|____|____|______|______|____| | | |
| | | | | | |
|____________|_____|_____|_____|____|____|______|______|____|
|NOT-10-099 |No significant assays |
|____________|______________________________________________|
|NOT-10-1G186|358.7|359.9|1.2 |0.62|0.19|0.08 |0.76 |0.04|
|____________|_____|_____|_____|____|____|______|______|____|
|NOT-10-1G187|100.6|100.7|0.1 |0.00|1.15|0.01 |0.01 |0.01|
|____________|_____|_____|_____|____|____|______|______|____|
|NOT-10-1G188|No significant assays | |
|____________|_________________________________________|____|
|NOT-10-1G189|No significant assays | |
|____________|_________________________________________|____|
|NOT-10-1G190|672 |674 |2.0 |0.0 |0.0 |0.0 |0.0 |0.66|
|____________|_____|_____|_____|____|____|______|______|____|
|NOT-10-1G191|566.6|567.0|0.4 |0.59|0.11|0.11 |0.24 |0.01|
|____________|_____|_____|_____|____|____|______|______|____|
|NOT-10-1G192|318.1|318.4|0.3 |0.63|0.17|0.54 |1.54 |0.07|
|____________|_____|_____|_____|____|____|______|______|____|
|NOT-10-1G193|No significant assays |
|____________|______________________________________________|
|NOT-10-1G194|242.1|242.5|0.4 |0.00|0.70|0.00 |0.00 |0.25|
|____________|_____|_____|_____|____|____|______|______|____| |Also
|251.3|251.5|0.2 |0.02|1.00|0.00 |0.01 |0.45|
|____________|_____|_____|_____|____|____|______|______|____|
|NOT-10-1G195|72.2 |80.0 |7.8 |0.36|0.09|0.08 |0.41 |0.06|
|____________|_____|_____|_____|____|____|______|______|____|
|NOT-10-1G196|No significant assays |
|____________|______________________________________________|
|NOT-10-1G197|No significant assays |
|____________|______________________________________________| The
mineralized intervals do not represent true widths, which cannot be
determined at this time. The Company advises that no further assay
results are outstanding at this time. INDEPENDENT QUALITY CONTROL
AND ANALYTICAL PROTOCOL A thorough quality control program has been
in effect for the McFaulds Lake Project, which includes grouping
samples into batches of 35 into which are added 2 certified
reference material standards. 2 field and pulp duplicates also form
part of the quality control program. It can be said with confidence
that all assays reported in this Press Release have passed the
strict quality control guidelines as set out by Noront's Qualified
Person. All samples reported upon herein were completed by
Activation Labs ("Actlabs)" of Ancaster, Ontario. The samples
submitted to Actlabs were analyzed for multi-elements, including Ni
and Cu using a four acid digestion and by ICP analysis. The
samples that received base metal values greater than the upper
limit for the method underwent further analysis using
ICP-OES. For the Au, Pd and Pt, the assay methodology was
Fire Assay on a 30 gram aliquot with an ICP finish. Silver
was analyzed using a 3-acid digest with an ICP analysis. For
more information on assay methodology please visit the Actlabs
website at http://www.actlabsint.com. For further information on
the McFaulds Lake Project, please refer to the Company's NI 43-101
compliant technical report "Technical Report and Resource Estimate,
McFaulds Lake Project, James Bay Lowlands, Ontario Canada"
(effective April 23, 2010) available on the Company's website and
at www.sedar.com. The preparation of this press release has been
supervised by Noront's senior management including Jeremy Niemi,
P.Geo. Vice President, Geology, who is a Qualified Person under
Canadian Securities Administrators guidelines. About Noront:
Noront Resources Ltd. is focused on its significant and multiple,
high-grade nickel-copper-platinum-palladium, chromite, gold and
vanadium discoveries in an area known as the "Ring of Fire", an
emerging multi-metals district located in the James Bay Lowlands of
Ontario, Canada. Noront is the largest land holder at the Ring of
Fire and continues to delineate and prove up its discoveries with
NI 43-101 technical and economic reports and an aggressive and well
financed drill plan for 2011. All material information on Noront
can be found on the Company's website at www.norontresources.com or
at SEDAR at www.sedar.com Wesley (Wes) Hanson President &
Chief Executive Officer FORWARD LOOKING STATEMENTS This release
contains "forward-looking statements" within the meaning of
applicable Canadian securities legislation, including predictions,
projections and forecasts. Forward-looking statements
include, but are not limited to, statements that address
activities, events or developments that the Company expects or
anticipates will or may occur in the future, including such things
as future business strategy, competitive strengths, goals,
expansion, growth of the Company's businesses, operations, plans
and with respect to exploration results, the timing and success of
exploration activities generally, permitting time lines, government
regulation of exploration and mining operations, environmental
risks, title disputes or claims, limitations on insurance coverage,
timing and possible outcome of any pending litigation and timing
and results of future resource estimates or future economic
studies. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "planning",
"planned", "expects" or "looking forward", "does not expect",
"continues", "scheduled", "estimates", "forecasts", "intends",
"potential", "anticipates", "does not anticipate", or "belief", or
describes a "goal", or variation of such words and phrases or state
that certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved.
Forward-looking statements are based on a number of material
factors and assumptions, including, the result of drilling and
exploration activities, that contracted parties provide goods
and/or services on the agreed timeframes, that equipment necessary
for exploration is available as scheduled and does not incur
unforeseen break downs, that no labour shortages or delays are
incurred, that plant and equipment function as specified, that no
unusual geological or technical problems occur, and that laboratory
and other related services are available and perform as
contracted. Forward-looking statements involve known and
unknown risks, future events, conditions, uncertainties and other
factors which may cause the actual results, performance or
achievements to be materially different from any future results,
prediction, projection, forecast, performance or achievements
expressed or implied by the forward-looking statements. Such
factors include, among others, the interpretation and actual
results of current exploration activities; changes in project
parameters as plans continue to be refined; future prices of gold;
possible variations in grade or recovery rates; failure of
equipment or processes to operate as anticipated; the failure of
contracted parties to perform; labour disputes and other risks of
the mining industry; delays in obtaining governmental approvals or
financing or in the completion of exploration, as well as those
factors disclosed in the Company's publicly filed documents.
Although Noront has attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. To
view this news release in HTML formatting, please use the following
URL:
http://www.newswire.ca/en/releases/archive/January2011/20/c3936.html
pNoront at (416) 367-1444, or visit Noront's website at: a
href="http://www.norontresources.com/"http://www.norontresources.com/a/p
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