CHROMITE RESOURCE: Numbers triple at Noront’s Blackbird deposit

ONTARIO – Noront Resources of Toronto says the resource estimate at the Blackbird chromite deposit continues to grow. The deposit is part of the company’s McFaulds Lake project in the Ring of Fire, James Bay Lowlands.

Measured and indicated resources are 23.5 million tonnes averaging 35.76% Cr₂O₃ and 1.97 Cr:Fe. The inferred resource is 23.5 million tonnes averaging 33.14% Cr₂O₃, with the same chrome-to-iron ratio.

Noront CEO Wes Hanson stated in a news release, “Drilling at Blackbird exceeded expectations, resulting in a tripling of the previous resource estimate at Blackbird but more importantly, converting a large percentage of the deposit to the measured and indicated classification. The close proximity of Blackbird to our flagship Eagle's Nest nickel sulphide deposit offers exceptional synergies as both deposits can be exploited using the same underground infrastructure, limiting the incremental capital cost while minimizing the environmental footprint.”

The company is evaluating a mine, mill and smelter facility that would produce between 200,000 and 250,000 tonnes of high quality ferrochrome annually.

Detailed information about all of Noront’s projects in the Ring of Fire is available at NorontResources.com.