ONTARIO – Toronto-based Noront Resources recently filed an updated 43-101 report for the recently acquired Black Thor, Black Label and Big Daddy chromite deposits in the Ring of Fire. Black Thor and Black Label are 100% owned by Noront while Big Daddy is a joint venture between Noront (70%) and Canada Chrome Mining Corp. (30%). (Canada Chrome is a subsidiary of KWG Resources, also of Toronto.)
The Black Thor deposit contains a measured and indicated resource of 137.7 million tonnes grading 31.5% Cr2O3 plus an inferred resource of 26.8 million tonnes at 29.3%. (All estimates were made using a 20% Cr2O3 cut-off.)
Measured and indicated resources at Black Label are 5.4 million tonnes at 25.3% Cr2O3, and the inferred resource is 900,000 tonnes at 22.8%.
At Big Daddy there are 29.1 measured and indicated tonnes averaging 31.7% Cr2O3 in the deposit and 3.4 million inferred tonnes at 28.1%.
Noront says it has also filed a restated 2014 annual management discussion and analysis in which it upgrades the Black Thor estimate to “current” from “historic”.
Additional information about Noront’s projects in the Ring of Fire is available at NorontResources.com.