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Noront reports progress

Noront Resources Ltd. provided the an exploration update of their activities in the James Bay Lowlands area. For the year to date, Noront has completed 131 drill holes at it's 100-per-cent-owned Eagle One, Eagle Two and AT-12 properties.
Northern Ontario Business Staff

 
Noront Resources Ltd. provided the an exploration update of their activities in the James Bay Lowlands area.

For the year to date, Noront has completed 131 drill holes at it's 100-per-cent-owned Eagle One, Eagle Two and AT-12 properties. The company has found significant amounts of nickel, copper and platinum group metals deposits on these McFaulds Lake claims as well as a potentially significant vanadium deposit at the Thunderbird property.

Work from July through to October will focus principally on the completion of 10,000 metres of drilling in the Eagle One, Eagle Two, and AT12 areas where expenditures are estimated to be in the range of $3.5 million.

Micon International was contracted to complete industry compliant resource reports for the Blackbird One and Blackbird Two deposits.

Currently, there are three drills turning at McFaulds Lake: one at Eagle One, one at AT12 and one at Oval Lake. Discussions with federal, provincial and local government agencies on regional infrastructure development plans are continuing. Noront's holdings near McFaulds Lake in the Ring of Fire area in the James Bay Lowlands consist of 554 mining claims totaling 120,848 hectares.