NORONT FILES PROJECT DESCRIPTION FOR EAGLE'S NEST DEVELOPMENT
March 23 2011 - 7:00AM
PR Newswire (Canada)
TORONTO, March 23 /CNW/ -- TORONTO, March 23 /CNW/ - Noront
Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) is
pleased to announce that pursuant to the Canadian Environmental
Assessment Act, it has filed its Project Description for the
Company's Eagle's Nest deposit, in the James Bay Lowlands, Ontario,
with the Canadian Environmental Assessment Agency and the Province
of Ontario's Ministry of Northern Development, Mines, and Forestry.
Noront's President and CEO, Wes Hanson, states: "The Project
Description initiates the permitting process for development of the
Eagle's Nest deposit. This is the first step of the permitting
process and establishes a starting point for future consultation
regarding infrastructure and mine development of the Eagle's Nest
deposit with the local First Nation communities as well as local,
provincial and federal government agencies." Noront's Project
Description proposes a planned 1.0 million tonne per annum
underground mine and mill complex processing high grade nickel,
copper, platinum and palladium ore from the Eagle's Nest deposit.
Proposed surface disturbance at the mine site is limited to an
airstrip, an accommodation, recreation and office complex, an
explosive storage site, an underground portal and site roads
connecting these facilities. The mill complex will be established
in underground excavations, taking advantage of the highly
competent host rocks and minimizing surface disturbance at the
site. Mill tailings will be stored underground as paste or cemented
paste backfill in the voids created by mining of the nickel copper
ore and competent waste rock which is planned to be used as
construction material. The Mine is estimated to produce
approximately 150,000 tonnes of concentrate annually, which would
be pumped via a buried pipeline, approximately 100 kilometres due
west to a proposed site named Webequie Junction. This site is
located approximately 20 kilometres south of the community of
Webequie. A filtering and drying plant will be constructed at
Webequie Junction to treat the concentrate, recycle the water back
to the site and transfer the concentrate to truck for shipment to a
proposed railhead near Savant Lake. A diesel generating station
will be established at Webequie Junction and power will be brought
to site via a new power line. Both the power line and the buried
concentrate slurry pipeline will follow a winter road that is
proposed between the Eagle's Nest deposit and Webequie Junction.
The winter road will limit the environmental footprint on the James
Bay Lowlands. At the end of the winter road from Eagle's Nest to
Webequie Junction, an all season road is proposed to connect
Webequie Junction to Highway #808 north east of Pickle Lake. This
proposed route generally follows the existing Ministry of Natural
Resources winter road corridor thereby limiting the environmental
impact. This route will allow truck haulage of concentrate to the
proposed rail facility. During operation, mine consumables supply
will utilize the same route, the proposed all season road to
Webequie Junction followed by the winter road to site. People and
perishable goods will be transported to site via air to the
proposed airstrip. Noront's senior management have reviewed this
release including Mr. Paul Semple, P.Eng., Noront's Chief Operating
Office and 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 dominant 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 program. 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/March2011/23/c5669.html
p please contact Wes Hanson, President & CEO 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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