Noront Expands Chromite Mineralization at McFaulds Lake
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
please contact Wes Hanson, President and CEO at (416) 367-1444, access the Company's website at www.norontresources.com or search the Company's publically filed documents at www.sedar.com.