Noront Resources said a new mineral estimate has tripled the resources for its Blackbird chromite deposit in the Ring of Fire.
The measured resource is 9.3 million tonnes average 37.44 per cent chrome ore and an indicated resource of 11.2 million tonnes averaging 34.36 per cent chrome ore.
In a March 20 statement, Noront CEO Wes Hanson said drilling at Blackbird “exceeded expectations,” especially in converting a large percentage of the deposit to the measured and indicated classification.
“The updated estimate demonstrates that Blackbird is similar in size and grade to the nearby Big Daddy and Black Thor chromite deposits.”
Noront is doing the evaluations for a mine, mill and smelter facility in northwestern Ontario capable of producing between 200,000 and 250,000 tonnes of ferrochrome annually.
For its flagship Eagle's Nest nickel deposit in the Ring of Fire, Noront is putting together the final costs for a feasibility study which is expected out within few weeks.
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