ONTARIO — Toronto-based Noront Resources, perhaps the most active company in the James Bay Lowlands, has provided an update of its exploration work near McFauld's Lake in the Ring of Fire.
Drilling continues at the Eagle One nickel-copper property. Last year's hole 08-45 failed to intersect the mineralized zone, but it has been deepened this year and cut a 46.12-metre section of nickel-copper sulphides beginning 375 metres below the surface. Noront says that extends the mineralized horizon significantly below the 225-metre level previously interpreted. Hole 09-49 intersected two zones of disseminated, semi-massive and massive sulphides from 270 to 510 metres below surface and from 750 to 945 metres below surface, more than tripling the known down dip extend of the Eagle One mineralization.
Noront completed 92 holes on the Blackbird One and Two chromite deposits, and an initial resource estimate is expected in Q4 2009. An airborne gravity survey was completed over the Grid One extension along strike to the southwest of the Blackbird occurrences last year, and that area may be a future target for drilling.
Three barren holes were drilled at the AT12 nickel-copper occurrence, but additional holes are planned using results of borehole electromagnetic surveys.
A large, north-south trending magnetic anomaly approximately 7.0 km long and 3.0 km wide, centered 4.0 km east of the AT12 area was the subject of a five-hole drill program 2,227 meters from February to April, 2009. Named the Thunderbird target, the anomaly was attributed to a ferrogabbro intrusive believed related to the Ring of Fire intrusive complex and similar to the large peridotite intrusive hosting the Noront chromium deposits, 12 km to the southwest.
The ferrogabbro Intrusive contains significant amounts of titanium and vanadium-bearing mineralization over widths of a few hundred meters, Three of the holes, over a 900-metre strike length near the north end of the ferrogabbro intrusive have outlined a central core of encouraging iron-titanium-vanadium mineralization with widths and grade uniformly distributed similar to those encountered and previously reported.
Noront continues to consult with local First Nations and aboriginal groups. Additional information is available at www.NorontResources.com.
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