NORONT VERIFIES EXCELLENT RECOVERIES AT EAGLES NEST
July 07 2011 - 10:03AM
PR Newswire (Canada)
TORONTO, July 7, 2011 /CNW/ -- TORONTO, July 7, 2011 /CNW/ - Noront
Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) is
pleased to report initial metallurgical results for the Eagle's
Nest deposit, part of the Company's McFaulds Lake Project in the
James Bay Lowlands, Ontario. During the 2010 drill program, a
series of holes were drilled into the Eagle's Nest nickel, copper
and PGM deposit in order to obtain samples for metallurgical
testwork. The metallurgical samples were shipped to SGS's
Lakefield's independent metallurgical test facility where all
testwork has been completed. Upon arrival at SGS Lakefield, the
samples were composited into the following two main sample types
deemed to be representative of the deposit: -- Upper Blend: 75% net
textured 25% massive material -- Lower Blend: 90% net textured 10%
massive material The Upper Blend comprised samples representing
mineral resources above the 275 meter level and the Lower Blend
represented mineral resources below this level. The objective of
the flotation testwork was to produce a bulk copper-nickel PGM
concentrate that met the specifications of conventional nickel
smelters. The metallurgical composites were used in number of
initial batch tests to define preliminary process criteria such as
reagent consumption, grind size and flotation grade/recovery
relationships. Once basic parameters were determined in the batch
tests, the flowsheet was to be modeled in a series of locked-cycle
flotation tests designed to simulate actual closed circuit
operation. For the Lower Blend tests an additional batch test was
completed to evaluate the impact of additional reagents on
improving the concentrate grades. The Locked Cycle test results for
the Upper Blend are summarized below:
__________________________________________ |Concentrate Grade and
Recovery Upper Blend| |__________________________________________|
| |Feed Sample|Concentrate| Recovery |
|______|___________|___________|___________| |Wt% | 100% | 22.40% |
- | |______|___________|___________|___________| | | | | |
|______|___________|___________|___________| |Grades| | | |
|______|___________|___________|___________| | Ni | 3.40% | 13.10%
| 86.40% | |______|___________|___________|___________| | Cu |
1.74% | 7.47% | 96.10% |
|______|___________|___________|___________| | Pt | 1.8 gpt | 6.22
gpt | 77.40% | |______|___________|___________|___________| | Pd |
5.83 gpt | 23.5 gpt | 90.30% |
|______|___________|___________|___________| | Au | 0.37 gpt | 1.53
gpt | 92.50% | |______|___________|___________|___________| | Ag |
3.56 gpt | 13.1 gpt | 82.50% |
|______|___________|___________|___________| The Lower Blend was
tested in both a locked cycle test and subsequent batch test to
improve concentrate grade by utilizing additional reagents. The
batch test showed similar nickel recoveries but improved the bulk
concentrate by depressing the flotation of talc. The Lower Blend
sample test results are summarized below:
__________________________________________ |Concentrate Grade and
Recovery Lower Blend| |__________________________________________|
| |Feed Sample|Concentrate| Recovery |
|______|___________|___________|___________| |Wt% | 100% | 16.50% |
- | |______|___________|___________|___________| | | | | |
|______|___________|___________|___________| |Grades| | | |
|______|___________|___________|___________| | Ni | 2.22% | 12.90%
| 83.70% | |______|___________|___________|___________| | Cu |
0.98% | 6.14% | 87.30% |
|______|___________|___________|___________| | Pt | 1.13 gpt | 4.84
gpt | 71.00% | |______|___________|___________|___________| | Pd |
5.2 gpt | 17.2 gpt | 74.30% |
|______|___________|___________|___________| | Au | 0.27 gpt | 0.55
gpt | 33.10% | |______|___________|___________|___________| | Ag |
3.25 gpt | 12.4 gpt | 63.20% |
|______|___________|___________|___________| Mr. Paul Semple,
P.Eng and Noront's Chief Operating Officer noted "These
positive results confirm the metallurgical assumptions made during
the NI 43-101 Preliminary Assessment report and the metallurgical
characteristics are similar to most other Canadian nickel copper
deposits. Further testwork will focus on finalizing equipment sizes
and the optimization of grade/recovery relationships based on
further discussions with interested smelters." This press release
has been reviewed and approved by Mr. Richard Gowans, P.Eng.
President of Micon International, a Qualified Person as defined by
NI 43-101. Mr. Gowans is a professional metallurgist and also is
Micon's Project Manager leading the technical studies. 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 and development plans. All
material information on Noront, including all NI 43-101 reports on
Eagle's Nest, can be found on the Company's website at
www.norontresources.com or at SEDAR at www.sedar.com For
further information please contact Noront at (416) 367-1444, or
visit Noront's website at: http://www.norontresources.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.
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