Noront Expands Chromite Mineralization at McFaulds Lake
September 13 2011 - 7:00AM
PR Newswire (Canada)
TORONTO, Sept. 13, 2011 /CNW/ -- TORONTO, Sept. 13, 2011 /CNW/ -
Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture:
NOT) is pleased to announce the results from the initial 15 holes
at the Company's Blackbird chromite deposit at the McFaulds Lake
Project. The Company has completed 39 holes totaling 17,071 metres
at Blackbird. Results of the remaining holes will be provided when
received. HIGHLIGHTS: -- NOT-11-1G201 intersected 46.97 metres
averaging 42.74% Cr(2)O (3) at a 2.29:1 Cr to Fe ratio; --
NOT-11-1G203 intersected 20.12 metres averaging 41.48% Cr(2)O (3)
at a 2.16:1 Cr to Fe ratio; -- NOT-11-1G213 intersected 31.22
metres averaging 41.38% Cr(2)O (3) at a 2.11:1 Cr to Fe ratio. Wes
Hanson, CEO of Noront states: "Our objective is to double the
previously identified chromite resource at Blackbird. These initial
results suggest that we are well on the way to achieving our stated
objective, having intersected chromite mineralization in 80% of the
holes reported herein. Drilling to date has identified new chromite
lenses at Blackbird and expanded the previously identified lenses
along strike and down dip. Chromite grades and chrome to iron
ratios demonstrate exceptional quality, similar to the historical
results at Blackbird and elsewhere in the district. Most
importantly, Blackbird remains open along strike and at depth
offering additional potential for continued resource increases. Our
experience to date at Blackbird strongly suggests that the
potential for future resource growth is directly related to drill
density." BLACKBIRD DRILL RESULTS Noront's drill program for
the summer of 2011 has focused on delineation drilling at the
Blackbird chromite deposits. The drill program has been designed to
take advantage of drier drill pad locations that allow drilling of
the Blackbird chromite deposits during the summer months. To date,
39 holes have been drilled and drilling will continue to the end of
September. Of the holes drilled to date, complete analyses have
been received on 15 of the 39 holes. The following table summarizes
the results of these 15 drill holes: HOLE ID FROM TO INTERVAL Cr
Cr:Fe (2)O (3) (metres) (metres) (metres) (%) NOT-11-1G201 571.95
618.92 46.97 42.74 2.29 NOT-11-1G202 547.53 561.77 14.24 35.61 2.04
NOT-11-1G203 381.83 385.54 3.71 30.20 1.67 739.26 751.51 12.25
29.70 1.67 769.09 789.21 20.12 41.48 2.16 NOT-11-1G204 266.69
270.59 3.90 37.23 1.63 NOT-09-1G143 435.30 449.46 14.16 36.09 1.68
NOT-09-1G144 No significant results NOT-11-1G205 418.47 420.76 2.29
37.53 1.74 NOT-11-1G206 No significant results NOT-11-1G207 73.42
80.90 7.48 20.50 1.10 NOT-11-1G208 No significant results
NOT-11-1G209 161.59 163.82 2.23 21.52 1.32 NOT-11-1G210 183.95
186.00 2.05 37.19 1.68 NOT-11-1G211 233.55 243.60 10.05 41.56 2.12
NOT-11-1G212 95.40 111.12 15.72 26.34 1.41 298.72 314.36 15.64
34.43 1.78 NOT-11-1G213 280.50 311.72 31.22 41.38 2.11 Denotes
deepening of previous drill hole. REGIONAL EXPLORATION UPDATE: The
Company has received the results of the Computer Aided Resource
Detection System ("CARDS") analysis from DIAGNOS Inc. The CARDS
analysis identified multiple targets throughout the southern half
of the Company's Ring of Fire claims using company geophysical,
drill-core, and geochemical data. Some of these targets were drill
tested during the 2010 - 2011 field season. Company geologists are
currently prioritizing the remaining CARDS target areas and follow
up drilling is planned for a later date. A deep penetrating induced
polarity ("IP") survey is planned to assist Company geologists in
prioritizing multiple nickel, copper sulphide targets within the
Eagle's Nest Complex. Company geologists have also reviewed the
data obtained from the AT-12 area last winter and have begun
developing a drill program to test areas of potential nickel,
copper sulphide pooling at AT-12. Drilling at AT-12 is scheduled
for the winter season INDEPENDENT QUALITY CONTROL AND ANALYTICAL
PROTOCOL All holes are systematically logged, sampled and shipped
under strict chain of custody procedures to Activation Labs
("Actlabs") in Thunder Bay, Ontario for sample preparation and
initial analyses utilizing fusion X-ray fluorescence methods. 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 one blank, two internationally certified
reference materials ("ICRMs"), one quarter sawn field duplicate, a
coarse reject duplicate and a pulp duplicate. The pass/fail
criteria demands that if the measured concentrations of the ICRMs
exhibit a difference greater than two standard deviations above or
below the established mean grade of the ICRM the entire batch is
considered to have failed and must be re-analysed. It can be said
with confidence that all assays have passed the strict quality
control guidelines established by Noront's Qualified Person. For
more information on assay methodology please visit the Actlabs
website at www.actlabsint.com. For more information on the
Blackbird chromite deposits, please refer to the Company's National
Instrument 43-101 - Standards of Disclosure for Mineral Projects
("NI 43-101") complaint technical report entitled "Technical Report
on the Mineral Resource Estimate for the Blackbird Chromite
Deposit, James Bay Lowlands, Ontario, Canada" (effective January
22, 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 Mr. W. Hanson, P.Geo.,
President and CEO. Mr. Hanson is a "Qualified Person" as defined in
NI 43-101. About Noront: Noront Resources Ltd. is focused on
developing the high-grade Eagle's Nest
nickel-copper-platinum-palladium deposit, the exploration and
development of the Blackbird chromite discovery and regional
exploration for additional mineral deposits within it's large,
highly prospective land position in an area known as the "Ring of
Fire", an emerging multi-metals camp located in the James Bay
Lowlands of Ontario, Canada. 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/September2011/13/c2597.html
p please contact Wes Hanson, President and CEO at (416) 367-1444,
access the Company's website at a
href="http://www.norontresources.com "www.norontresources.com/a or
search the Company's publically filed documents at a
href="http://www.sedar.com/"www.sedar.com/a. /p
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