NORONT RES. (NOT.V): Spektakuläre Funde (Gold,Kupfer,Uran,Metalle) - 500 Beiträge pro Seite (Seite 2)

[mike32]

Antwort auf Beitrag Nr.: 32.487.786 von WilliamTell am 19.11.07 22:09:45

Ich hab zwar nicht 8.6 Mio Shares

ich auch nicht !

gruss mike

[Fantomas96]

Mal ein paar Bilder von Windfall, dem Camp und dem Rampenbau:


http://www.norontresources.com/investor.html






















Gruß,
Fantomas

[mike32]

Noront Resources added to the list of presenters at The Richmond Club's first all day investment conference in Toronto on November 28, 2007
Posted by: AGORACOM on November 21, 2007 12:09P

http://agoracom.com/ir/Noront/messages/638263#message

[Fantomas96]

Hallo Mike,

danke für die Aufnahme der 3 neuen Area-Player in James Bay in Deinen RT-Thread !

1. Hawk Uranium (HUI.V)

2. Goldeye Resources (GGY.V) (Nein, hat nichts mit 007 zu tun)

3. Tribute Minerals (TBM.V)


Besonders das Board of Directors der beiden letztgenannten Firmen hat es mir angetan: hochkarätig, viel Erfahrung (vor allem zwei der Direktoren) und nun auch klar, warum beide Firmen sehr extensiv in James Bay gestaked haben.

Aber seht doch selbst:

Tribute:

http://www.tributeminerals.com/abo_tri.html


Goldeye (Rubrik "people" links anklicken):

http://www.goldeye.ca/


Gruß und auf eine fulminante Woche mit Noront (wie gesagt: FESTHALTEN !)

Fantomas

[Fantomas96]

Hier noch ein bißchen Hintergrundinformation zu Mineralogie und verschiedenen Erzkörpern:

http://northernminer.com/Tools/Geology101/geo101pg5.asp#Porp…


Gruß,
Fantomas

[Fantomas96]

Antwort auf Beitrag Nr.: 32.560.959 von Fantomas96 am 25.11.07 18:12:37

Dieser Artikel ist besonders interessant im Zusammenhang mit Noronts CHINA ONE Projekt in der Mongolei (diverse Andeutungen von Richard Nemis lassen hier auf eine sehr positive Überraschung hoffen):

http://www.norontresources.com/investor/china-one/2007-May2-…


Noront hat hier bereits in 2003 100% Rechte an 5,16 km2 Claims in der Mongolei erworben und hat dann über ein Agreement mit einer Gruppe von Privatpersonen schließlich ein 50% Joint Venture mit Newport Gold akzeptiert (Newport muß $ 750.000 in 3 Jahren an Explorationsaufwendungen aufbringen und zusätzlich 800.000 Aktien an Noront zahlen). Klingt irgendwie bekannt ? (s. James Bay).

Bisherige grab samples haben 1715.8 g/mt Gold (mit \"visible gold\") und 11.9 g/mt Gold geliefert. Zudem enthielten sie mehr als 1% Kupfer (Malachit Mineralisation).
Samples aus 2004 brachten Ergebnisse von 0.81 bis 21.14 g/mt Gold und Kupfergehalten von über 1%.
Weitere Untersuchungen ergaben ein mineralisiertes Gebiet von ca. 600m x 260m Ausdehnung.
In größerer Tiefe wurde zudem Chalcopyrit (s. DE) und ansteigende Goldgehalte festgestellt.


Da könnten auch sehr interessante Ergebnisse des Drillings auf uns zukommen.

Gruß,
Fantomas

[Fantomas96]

Neben Rumours über ein PP über CAD 10,00 (15 Mio. Aktien) mit JP Morgan oder Morgan Stanley (wäre ein echter Hammer), hier noch der Link zum Interview auf BNN mit Peter Hodson (Senior Portfolio Manager von Sprott Asset Management) und seiner Aussage zu Noront (geht in Part 1 zu 12:40 min):

- sehr solider Boden bei CAD 4,00 gefunden
- "they are doing the right things"
- "we like this play"
- Sprott hält ca. 6% an Noront
- bei weiteren top Drill-Ergebnissen potentieller Vervielfacher, auf Nachfrage nennt Peter mögliche $ 20 (!!!) bei weiteren "step-out hits" mit ähnlich guten Gehalten


Tja, das wäre ja zu schön, um wahr zu sein, oder ?


Part 1:

http://broadband.bnn.ca/bnn/?sid=205&vid=23084


Part 2:

http://broadband.bnn.ca/bnn/?sid=205&vid=23087



Gruß,
Fantomas

[Fantomas96]

http://www.agoracom.com/ir/Noront/messages/642597#message


in situ value, why noront is worth more then most think, #4 and #5 of 5

Posted by: jsq on November 26, 2007 08:25PM


hello friends,

on 10/26/07 we covered why a typical rule of thumb is that the in situ value of the minerals in the ground is often valued around 10% in terms of shareholder market cap. this is based on historical experience in the mining community of what it costs to get the ore out of the ground and converted to shareholder wealth.

as mentioned, in my view, noront IS MUCH DIFFERENT from a "typical" valuation model. and as such obviously worth more than the 10% often accorded average mining firms. this was noted and explained in #1 covering "grade of ore" on 10/26/07, we continued to discuss why in:

2. type of ore
3. quantity of ore (or tonnage)

which was posted on 11/8/07.

(if you have not already had a chance to read these 2 earlier posts you can still do so by clicking on the photo of errol, above left, that will take you to my list of prior posts, go down to the 10/26/07 post click and read, then later move to the 11/8/07 post, click and read. the two posts have a cumulative 100 or so thumbs up so far, so some readers have found the 2 earlier posts informative.)

okay, sorry to be so slow with #4 and #5, which follows below. the wife and i have been busy, relatives etc.

the next two discussion points, #4 and #5, are fairly easy.

(also before i forget: rockaur and one other geologist expert on this site, whose name escapes me - my apologies, are both excellent and most helpful in understanding the geology of double eagle. a big thanks to both of them for helping us with their explanations and modeling. i know enough to know they know what they are talking about and greatly appreciate their sharing)

onto more new stuff:

4. where the ore is located geographically.

the double eagle ore is located in canada. canada is one of, if not, the most forward thinking and helpful countries in the world which to build a mine. with solid and reasonable governments at both the local and national level in terms of mining when compared to many other countries. yes we are all aware that nobody is perfect but canada is at the top of the list when it comes to mining when compared to other countries.

this means if we are lucky and find a minable quantity of platinum and related group metals, which is my big hope. we will have something very very special. one of the very rare mines of platinum group metals, hopefully with the bulk being platinum, in a safe secure country. about 90% of pgm's are mined in such bastions (tongue firmly in cheek) of mine owners rights and safe investing as south africa and russia, ouch!.

even if we fail at pgm's going forward and JUST have a major nickle and copper find we are better off having it in canada then most other countries of the world when it comes to a government respecting rule of law and shareholders (mine owners) rights.

the only negative, and it will not remain a negative if the tonnage continues to prove up, is the location related to proximity to roads, infrastructure, smelters, etc. this is a minor and largely irrelevant issue IF enough ore is found. at a certain level of tonnage found, the cost of moving in the plant and facilities to build out a mine and process the ore will be spread over a large enough base as to be minor to the overall cost per ton. if this were to remain a small deposit and nothing else is found in the area, it is a major issue. i know which way i am betting.

if you have ever had great assets destroyed or severely value impaired (i have many times) by
greedy grasping governments you will appreciate the value additive feature of having a mine in canada.

in a nutshell, a mine in canada, all other things being equal is worth more then a mine in most other countries.

5. where the ore is located on the site

this is also easy. the double eagle ore is found close to surface intially and then apparently dips. this helped us find it quickly and cheaply once the drill was in the right place. with little overburden to remove regarding the close to surface ore this will allow any mine operator to begin operations at that point and quickly begin mining profitable ore instead of waste rock. this will allow the mine owner to more rapidly recover their investment and pay off the bank debt. and as detailed in #1 from the 10/26/07 post, the quicker you pay off the loans of the mine the more value is added to the mine due to the way banks control the mine owner.

so far the ore appears to be following a "traceable pattern" for lack of a better description, it is not a massively fractured system at this time. so you can easily follow it as you mine the ore to depth.

unrelated to in situ, but possibly of interest to others:

i have read every post on this noront site and done quite a bit of other due dilegence. as such i have not sold a single share. i still very much like what i see and understand. the drills still have to step out and further expand the tonnage from what we currently have had explained per news releases and the annual meeting teleconference. from what i understand about this business after more then 30 years of studying and investing in the markets i am comfortable holding pending further drill results.

i have not tried to trade this security for a very good reason, one great press release and it may be almost impossible to get back in from a psychological point of view. the human psychology of trading fills many worthwhile books. you can read jesse livermore, van tharp, jim sinclair, and jim rogers among others if you really want a great education. they all discuss what happens if you get out of position.

when i say i have not sold a single share it is because i am afraid to miss out by being out of position if a great news release should come out.

i have traded on the floor at the chicago board of trade - one of the worlds major exchanges, as such i am not averse to trading nor am i lacking in the skills of a successfull trader according to some.

my forte is fundamental analysis but i have also reviewed and tested or tried many many hundreds of systems and technical indicators. some of them have a place for CERTAIN investments at CERTAIN times. maybe you have found the "perfect system or indicator" that has eluded other investors for so long? good for you if you have.

yet it is also known that some investments are what are called "rich pots" to use a poker analogy. another analogy that i see today with noront, whether at $4, $5, $6 OR $7 is the risk is dimes to the downside and dollars to the upside. yeah i know $7 to $4 was dollars but i think you get the point and for me there is still a very valid point to what was just written. future news releases will of course alter this concept.

there are certain investments where you do not have to optimize the swings of the share price to make a lot of money and you may find yourself regretting trying to be to clever. that is why i am sitting tight till proven right or wrong by the drill. i can live with the recent move from $7.05 or so down to $3.80 or so. i did not like it or enjoy it. can i live with getting clever and selling at x and seeing it run to 4x or 6x or 10x or ???x, when my work has told me what i need to know??

i have placed my bet and till further drill results i am willing to back it with patience in addition to my $. you may see things differently and more power to you, thats what makes a market.

each individual has his own skill level, understanding, and circumstances, so what is right for me may be wrong for you. you have to make that decision for yourself, it is your money. every investor needs to take sole responsibility for their investments. when you look in the mirror each morning who you see is who YOU have to live with. my experience was that as soon as i took full responsibility for ALL of my trading decisions and the blame and accolades that went with MY decisions i became a much better trader. you may find this insight useful.

from what the press releases say, my understanding of nickel and related deposits, etc. i am sitting tight pending further news.

i am happy with the joint ventures to date etc.

also windfall and the other properties provide an added layer of comfort to my psyche.

additionally, being from and living in the united states. it is obvious that this is still mostly a canada story. very few down this way have a clue. for example look at the tsx-v volume in noront on american thanksgiving day thursday 11/22/07. no drop in volume on the canadian exchange as american investors were off eating turkey and ham. why? easy, there are likely very few american investors involved with noront stock at this time, they were not missed because they are not in this play yet in a big way. (fyi american investors noront shares are mostly traded on the canadian exchanges via their american brokers - some pink sheet trades exist but look at the volume, not much to speak of in the pinks for noront).

this is GREAT news as it means, if this perspective is correct, that a large amount of buying power will be unleashed once the story is understood (or promoted) down in the u.s. of a.

other points of interest and good news for noront, "THE BIG 4" involvement over at BMK and thus, the area. and "THE BIG SIX" talking with noront. (whether it is 4, 5, 6, or 7 etc majors talking with noront lets call them "THE BIG SIX" for simplicity.

if noront continues to prove up the find at double eagle, the above mentioned groups, to some degree, will turn on each other and the price of noront stock will be optimized. out of the 10 or so big hitters mentioned above it will be every man for himself and 2 or 3 of the 10 or so players will seriously step into the fray if noront finds enough ore. right now "THE BIG 4" and "THE BIG 6" are all kicking tires, AND strategizing, based on what the news indicates.

once again, don't believe what i or anyone writes, do your own due dilegence, verify your facts to see what i and many others think we see. this is the most encouraging thing i can say to my friends here at agoracom.

all the best.

be right and sit tight.

regards,

jsq


Gruß,
Fantomas

[Fantomas96]

Antwort auf Beitrag Nr.: 32.577.057 von Fantomas96 am 27.11.07 00:27:22

So, die "rumour mill" hatte teilweise Recht:

eine der weltweit bedeutendsten Investmentbanken, JP Morgan, ist bei Noront "an Bord gegangen".

Zwar nicht zwecks Beteiligung, sondern als Berater.

Neben der top Canada-Firma IBK jetzt also ein internationales Schwergewicht dabei. Richard holt sich Expertise und Beziehungen für ein JV/Takeover für Double Eagle.

Ich glaube, ein Großer ist bereits "am anderen Ende" von JP Morgan mit im Boot.

Jetzt bin ich mal auf die Konditionen gespannt, denn momentan fehlen Drill-Ergebnisse und Tonnage.

Aber man kann beruhigt abwarten (und Morgen ist ja auch noch ein Tag, was war doch da gleich am 28.? ).


Gruß,

[Fantomas96]

Erst Hodson von Sprott, heute JP Morgan und dazu gute Coverage:




http://ca.today.reuters.com/news/newsArticle.aspx?type=busin…

_______________________





http://www.globeinvestor.com/servlet/story/ROC.20071127.2007…

________________________





http://finance.sympatico.msn.ca/investing/news/breakingnews/…

________________________



Noront stock jumps as it examines "alternatives"

Tue Nov 27, 2007 3:20 PM EST


TORONTO (Reuters) - Smelling a takeover, investors drove the stock of Noront Resources Ltd (NOT.V: Quote) up more than 10 percent on Tuesday after the junior mining explorer said J.P. Morgan Securities Inc had signed on to evaluate "strategic alternatives to maximize shareholder value."

Shares of the small Canadian firm have soared since it announced drilling results in late August showing high-grade nickel and copper finds at its Double Eagle project in northern Ontario, near James Bay.

Noront stock was up 55 Canadian cents, or 10.9 percent, at C$5.60 Tuesday afternoon on the Toronto Stock Exchange's small-cap Venture Exchange.

Richard Nemis, the chief executive, said in a statement the company's discoveries are assets "that will be seen as attractive development opportunities by several global mining companies."

JPMorgan will aim to unlock "unrecognized value in the company's stock price," and co-ordinate talks on a potential acquisition of the company, Noront said.

Since the Double Eagle discovery, a flock of other explorers are staking claims in the area.

Nemis told Reuters last month the area has geological similarities to the big nickel strikes at Voisey's Bay, the giant property in Eastern Canada that is now owned by Brazil's CVRD (VALE5.SA: Quote).

(Reporting by Jonathan Spicer; Editing by Rob Wilson)




Gruß,
Fantomas

[mike32]

NEWS - Noront Resources Ltd. (TSX-V: NOT) Noront's Financial Advisor and VP of IBK Capital Michael White outlines Noront's Double Eagle Nickel Discovery in the James Bay Lowlands
Posted by: AGORACOM on November 30, 2007 10:31AM
Toronto, Ontario CANADA, November 30, 2007 - Richmond Club, Noront's portfolio of projects, including diagrams, as presented at the Richmond Club's November 28, 2007 Resource meeting are available by pasting the following link to your browser:



http://media.richmondclub.com/Luncheon/NorontNov2807.htm


Investors and interested parties were brought up to date by Michael White, Financial Advisor to Noront Resources Ltd., during his presentation to the Richmond Club November 28, 2007, including an update on the Double Eagle Nickel Discovery in the James Bay Lowlands. An airborne geophysical survey is currently being flown for the Company over its entirety, at 100 metre line centres. The detailed survey will yield greater definition and resolution of anomalies than those defined by the earlier survey flown at 300-metre line spacing in 2003. It is being completed by Aeroquest International using the AeroTEM II helicopter-borne time domain system and it is anticipated that preliminary results will be available to the Company in early December.

In anticipation of receiving the detailed airborne geophysical results, the Company has commenced a property-wide line cutting program, to facilitate the completion of ground geophysical surveys. These will include horizontal-loop electromagnetic (HLEM),magnetic and possibly gravity surveys. The intent of the ground surveys is to further refine the location, tenor and nature of the airborne geophysical anomalies in preparation for diamond drilling. The ground geophysical survey will commence immediately following the completion of the line cutting.

The Company is also sampling 2 critical drill holes that were completed earlier on the Property. Both of the drill holes intersected thick sections of komatiitic rocks (up to 180 metres) that were only sampled locally. One of the holes FW-06-03, completed on the Freewest JV portion of the Property, intersected high-grade chrome mineralization with anomalous nickel, copper and platinum-group-element mineralization within peridotite. Petrographic and geochemical analyses of the drill core will yield additional information on the nickel-copper-PGE mineralizing system in preparation for diamond drilling.

Videos from over 200 other companies are available at www.richmondclub.com. The Richmond Club is a media company that showcases companies, that it feels, are undervalued, have high growth potential and therefore have an excellent chance of out-performing the market over a 1-2 year period, at its monthly luncheon meetings.



The Richmond Club Index shows an average of 42% growth in the stock price of the 38 companies that presented at our luncheon meetings over the last twelve months. Our index is based on equal weighting of the 38 presenting companies.

If you would like to receive an invitation to our upcoming, luncheon meetings, please send and email to: mailto: [e-mail] with the words "New Member" in the subject line.

http://agoracom.com/ir/Noront/messages/647264#message

[mike32]

Re: If you take the 3D image
Posted by: Rockaur on November 30, 2007 12:47PM
In response to: If you take the 3D image by bravekind

BK,

ya pretty close....I've extended it down plunge a little more than IBK did

here's a view looking east (same as IBK)

Rockaur





http://agoracom.com/ir/Noront/messages/647529#message

[mike32]

New McFaulds Map...
Posted by: Iroh on December 01, 2007 01:06PM
Here is a link to a new map on Spider website, updated on 26th Nov...more browns

http://www.spiderresources.com/McFaulds_Nov26_contours.jpg

Iroh

http://agoracom.com/ir/Noront/messages/648378#message

[Tiger_DRC]

Antwort auf Beitrag Nr.: 32.632.434 von mike32 am 30.11.07 20:37:36

Hi
was ist drann an der akupunktierten Leber? 20 Dollares?
habe schon viele solcher 3D Bilder gesehen, ein Corpus und Akkupunktur, verstehe aber net ganz, was das bedeutet. Dieses Teil liegt im NOT Areal, das wie ein Kästchen auf einem Lottozettel aussieht. Was ist mit den Nachbarn wie Fancamp,Probe und Freewest?
was ist mit UC und Spider? Chancen ?

Thx für Einschätzungen!

Grüsse

[Fantomas96]

Antwort auf Beitrag Nr.: 32.638.776 von Tiger_DRC am 01.12.07 21:28:33

Hallo Tiger,

bist Du aus dem Congo ?

Die "akupunktierte Leber" ist der Versuch einer Abbildung von Noront´s Eagle One Deposit auf dem Double Eagle Claim.
Die "Akupunkturnadeln" sind die Bohrlöcher.
Aber das hast Du sicherlich schon gewußt.

Tja mit den Dollars und den Area Plays ist das so eine Sache:
wenn diese Leber größer und breiter in der Tiefe wird (nach Süden), wie momentan vermutet, dann warte mal noch ca. 6-12 Monate, wenn Du Noront-Aktien besitzt (auch wenn erst in den letzten Wochen gekauft), Du wirst es nicht bereuen.

Wenn einer der Area Plays positive Funde macht, dann "brennt" der "Ring of Fire" sowieso gewaltig und alle werden profitieren.
Solange ist aber alles Spekulation und nur Noront hat die "goods" bis jetzt und ist ein relativ sicherer Kandidat.
Momentan drillt nur BMK, Anfang 2008 FWR,UC,SPQ,PRB,FNC(?) und einige andere JV-Partner wollen starten.

Das wird auf jeden Fall ein spannendes Jahr für James Bay.

Bezüglich der Area Plays möchte ich noch auf den Thread

Thread: FAKTENTHREAD: JAMES BAY LOWLANDS (firmenunabhängige Übersicht)

verweisen.

Viel Spaß beim lesen.

Gruß,
Fantomas

[Tiger_DRC]

!

Dieser Beitrag wurde moderiert. Grund: Beleidigung

[Blanca_die_Haesin]

Antwort auf Beitrag Nr.: 32.639.175 von Tiger_DRC am 02.12.07 01:13:24

Benutzername: Tiger_DRC (Mitgliedschaft durch User beendet)
Registriert seit: [ seit 13.850 Tagen ]
Benutzer ist momentan: Offline seit dem 02.12.2007 um 13:39

Schwachsinn posten und dann Tschüss !

[Boersenkrieger]

Antwort auf Beitrag Nr.: 32.640.330 von Blanca_die_Haesin am 02.12.07 14:42:58

nichtmal das ist echt 13.850 sind 38 Jahre.... da gab´s sicher kein WO

[mike32]

Antwort auf Beitrag Nr.: 32.640.330 von Blanca_die_Haesin am 02.12.07 14:42:58

Schwachsinn posten und dann Tschüss !

dto. !!!!!!!!!!!!!!!!!!

o.G.,
mike

[Fantomas96]

Nachdem Richard Nemis vor ein paar Wochen von Noront als ein Buch mit 20 Kapiteln sprach, das gerade erst begonnen wurde, möchte ich hier mal die ersten drei Kapitel aus meiner Sicht einstellen:

NORONT TRILOGIE


1. Kapitel: Historie

Noront ist an einem wichtigen Punkt der langfristigen Entwicklung beim Double Eagle Projekt angekommen.

Die nächsten Wochen werden sehr entscheidend sein.

Und hier ist meine Meinung warum:

anfänglich hat Noront einen absoluten Zufallstreffer mit dem Double Eagle Projekt in James Bay Lowlands gelandet.

In dem Gebiet haben mehrere Explorer-Firmen seit vielen Jahren nach wirtschaftlich abbaubaren Ressourcen gesucht und zwischen 2002 und 2006 diverse elektromagnetische Bodenuntersuchungen (aus Flugzeugen mit Spezialkameras) durchgeführt, die dann von physischen Bodenuntersuchungen (sog. grab sampling/trenching) weiterverfolgt wurden.

Typischerweise wurden in der Region durch die geologische Gesteinsformation sog. VMS (Volcanogetic Massive Sulphides)-Vorkommen vermutet.

Insgesamt 10 dieser VMS-Deposits hat das Spider/KWG-Joint Venture in den letzten Jahren erfolgreich durch Bohrungen bestätigt (leider nur kleine, aber hochgradige Vorkommen, die für sich genommen nicht von besonderer ökonomischer Bedeutung waren, daher auch die sehr geringen Marktkapitalisierungen der Firmen).

Durch diese Funde ging man davon aus, daß dieses Gebiet, wenn überhaupt, VMS-Deposits beherbergt (diese enthalten für gewöhnlich Kupfer,Blei,Zink,Gold und Silber).

Diese sind durch die luftgestützten, elektromagnetischen Aufnahmen an sog. Konduktoren (conductors) zu erkennen, die von einer elektromagnetischen Anomalie umgeben sind (also der Veränderung der Magnetisierung im Boden). Bis zu einer Tiefe von ca. 150m sind derartige Bodenstrukturveränderungen durch diese Aufnahmen zu erkennen.

Es erfordert jedoch höchste geologische Fachkenntnis, die Konduktoren und dazugehörigen elektromagnetischen Signale richtig zu interpretieren.

In Fall der VMS-Vorkommen verbindet man mit einem Konduktor ein elektromagnetisches "Tief", da diese polymetallischen Vorkommen häufig von felsisch-vulkanogenen Gesteinsformationen (sog. felsic volcanics) umschlossen sind, die an sich nur sehr schwach magnetisch sind.

Also wurde über Jahre hinweg bei den elektromagnetischen Bodenaufnahmen nach starken Konduktoren mit assoziierten magnetischen "Tiefs" gesucht.

Bis Noront kam !

Die Geologen, allen voran Neil Novak, sahen sich die Aufnahmen ihrer im Mai 2007 frisch erworbenen zwei Claims von Greenstone/Condor (für 400.000 Aktien und 1% Net Smelter Royalty) näher an und entdeckten einen interessanten Konduktor.
Leider befand der sich am Rand eines elektromanetisches "HOCHS", daß normalerweise in diesem Gebiet mit magnetischem Graphit-Gestein (magnetic mafic rock) in Verbindung gebracht wird und in dieser geologischen Umgebung keine Erzvorkommen enthält.

Da dieser Konduktor aber sehr ausgeprägt war und sehr weit am Rand des elektromagnetischen "Hochs" lag, entschloß man sich dennoch zu einer Bohrung.

Denn bis zum Jahresende mußte mindestens eine Bohrung durchgeführt werden, da ansonsten die Kaufbedingungen nicht erfüllt worden wären und die Claims wieder an den Eigentümer zurückgefallen wären.

Und siehe da: VOLLTREFFER !

Zum Erstaunen aller brachte dieses "Discovery Hole" (NOT 07-01) verblüffende Werte von polymetallischem Gestein auf großer
Länge ans Tageslicht.

Was war passiert ?

Der ansonsten stark magnetisierte "mafic rock" beinhaltete hier in James Bay nicht Graphit (nahezu wertlos) sondern bestand aus sog. Peridotit, daß hier Chalcopyrit (Kupfer-Sulfid) und Pentlandit (Nickel-Sulfid) umgab. Nach der weiteren Analyse der Bohrkerne wurden auch noch sehr starke Gehalte aus dem Bereich der Platin-Gruppen-Metalle (Platin,Palladium), wie sie sonst nur in großen Minen in Südafrika und Rußland (siehe meine Ausführungen zu PGM-Minen in diesem Thread) vorkommen, sowie Gold und Silber festgestellt.

Ein sog. MMS-Deposit (mafic rock hosted magmatic sulphide deposit) war entdeckt worden. Und was für eins !

Dieser, sowie weitere ähnliche Funde erklären den Preissprung von Noront von CAD 0,40 auf über CAD 4,00 innerhalb von wenigen Wochen (bisheriges ATH CAD 7,05 / aktuell CAD 5,16).

Danach brach ein Vulkan an "Claim-staking" los, denn alle wollten sich Land sichern, da man nun mehr von diesen Vorkommen in James Bay vermutete.


ENDE KAPITEL 1

[Fantomas96]

2. KAPITEL: GEGENWART


Richard Nemis, der CEO von Noront, prägte den Begriff "RING OF FIRE", weil das mögliche Explorationsgebiet einem großen Kreis ähnelt, in dem bei weiteren Funden wirklich ein großes "Feuer" ausbricht.

Jetzt begann die Zeit der "Area Plays":

alle nahen und entfernten Nachbarn von Noront schossen mit ihrer Marktkapitalisierung in die Höhe, die kanadische Börse verzeichnete Traumumsätze.

Und es kamen ständig neue Player dazu, es wurde neues Land
"gestaked", Joint-Ventures geschlossen, Finanzierungsrunden durchgeführt und nun beginnen viele Firmen mit dem vielen, neuen Geld mit ihren eigenen Drillprogrammen.

Und vor allem begann man, die historischen elektromagnetischen Bodenaufnahmen neu zu interpretieren. Man sucht jetzt nach starken Konduktoren mit elektromanetischen "HOCHS" (und nicht mehr "TIEFS"). Zudem wurden diverse neue Luftaufnahmen gestartet, nun mit besserer Auflösung und besserer Technologie (50m-Linien statt 200-300m-Linien) und Helikopter-gestützt (höhere Genauigkeit im Vergleich zu Flugzeugen, da niedriger fliegend).

James Bay ist ein "hot spot" geworden, ein mögliches neues "mining camp" in Kanada.

Findet jedoch Noront nicht mehr viel und auch die anderen Firmen nichts, dann ist der "Traum" auch wieder ganz schnell zu Ende und das Feuer im Ring erlischt.

Daher auch die große Volatilität nach den ersten Bohrergebnissen, denn keiner weiß, ob es sich hier an einem sehr abgeschiedenen Ort in Kanada wirklich um große, ökonomisch abbaubare Vorkommen handelt.


ENDE KAPITEL 2

[Fantomas96]

3. KAPITEL: ZUKUNFT / WEITERE KAPITEL


Je mehr ich lese und über das Gebiet und die geologische Situation erfahre, desto mehr bin ich allerdings überzeugt, daß das Feuer hier in spätestens 6 Monaten richtig brennen wird.

Dazu nur ein Auszug aus einigen dieser elektromagnetischen Bodenaufnahmen rund um den Eagle One Fund auf Noront´s Double Eagle Claim:


Karte 1




Hier sieht man deutlich den Fund (eingekreist) und dann eine gelbe Linie, die mehrere ähnlich starke Konduktoren mit assoziierten elektromanetischen "HOCHS" verbindet.

Ebenfalls zu sehen ist, daß sich dieser "Trend" vollständig auf Noront Claims befindet und das Fancamp-Gebiet nur streift.

Vom Eagle One-Fund bewegt sich der Trend ca. 300m in südwestliche Richtung (Noront hat durch Bohrungen bisher 170m Länge nachgewiesen), macht dann eine Biegung nach Süden und danach wieder eine Kurve nach Südwesten, wo er sich dann ca. 2000m in südlicher Richtung fortsetzt.



Karte 2



Dieser Kartenausschnitt zeigt die Trendlinie anhand geologischer und elektromagnetischer Informationen.

Man sieht genau, daß sie immer am Rand der magnetischen "Hoch"-Anomalien verläuft.



Karte 3



Schließlich zeigt dieser Kartenausschnitt aus Noront´s Richmond-Club-Präsentation der letzten Woche die Trendlinie in sehr vereinfachter Form und stellt durch die Verbindung von A über B nach C den möglichen Verlauf des Deposits dar (vielleicht handelt es sich hier sogar um "TRIPLE EAGLE" !).

Sollte dieses Deposit tatsächlich diesen Verlauf haben (was nur durch weitere step-out Bohrungen in südlicher Richtung nachgewiesen werden kann), dann hätten wir es hier mit einer "Strike"-Länge von ca. 2400m zu tun.

Sollte dies mit ähnlichen Erzgehalten wie die bisherigen 12 Bohrungen bestätigt werden können, sind die bisher nachgewiesenen 3-5 Mio. Tonnen mineralhaltiges Gestein schnell Vergangenheit !

Dann reden wir hier über ein Vielfaches von 10 Mio. Tonnen und ein sog. "World Class Deposit" (welches per definition einen Gesteinswert (GMV=gross metal value) von mindestens $ 10 Milliarden nach heutigen Preisen enthalten muß.

Zudem muß der Erzkörper ökonomisch abbaubar sein, um einen diskontierten Marktwert (NPV=net present value) von 10%-20% des GMV zu erzielen, also $ 1-2 Milliarden).

Nach heutigen Erkenntnissen hat Noront (nur für Double Eagle und man kann es nicht oft genug betonen, Windfall und die anderen Projekte sind NICHT enthalten):

- im pessimistischstem Fall ein NPV von 3 Mio. Tonnen x $ 800/t x 10% = $ 240 Mio.

- im optimistischstem Fall ein NPV von 7 Mio. Tonnen x $1000/t x 20% = $ 1,4 Mrd.


Und wie geschrieben, wir haben bisher 170m Erzkörper nachgewiesen.

Seht nochmal auf die gelbe Trendlinie: sollte die in der gesamten Länge zutreffend den Erzkörper beschreiben, heißt daß eine Länge von ca. 2400m !

Jetzt kann jeder selber weiterrechnen !

Viel Spaß und viele Grüße.

[mike32]

Antwort auf Beitrag Nr.: 32.651.706 von Fantomas96 am 03.12.07 20:46:09

Hallo Fantomas96,

tolle Arbeit mal wieder !
gruss mike
PS.: BM

[Fantomas96]

http://www.agoracom.com/ir/Noront/messages/651126#message


Re: SANTA: Makin' a list, checkin' it twice
Posted by: glorieux on December 04, 2007 01:55PM

In response to: SANTA: Makin' a list, chec... by jonboy


I have tried yesterday and today to get a hold of Mr Nemis or Mr. Novak and they are always in meetings. Today, they are in meetings together. There seems to be lots of activity. I know someone posted earlier that as of a few minutes ago, no assays had arrived. Would they say to someone that assays were in, a halt is imminent and that the share price may climb? I personnally cannot see them saying this. But I think it is important for everyone to know that our boys are working hard right now, they are very busy and things (good to great) will be announced shortly.

I see the price just dipping and have to admit it is hard not buy more shares right now...I do have a breaking point and I will buy more if we reach it. All of you should think what is your price? How low does this thing have to go, for you to buy more shares? I have a number and we are not there yet but getting closer. If you are not buying more shares no matter what, at least hold on tight to those shares you have right now.

Glorieux


Nachkaufen,wenn kritischer Punkt erreicht ist, aber auf jeden Fall NICHT verkaufen !
Ganz meine Meinung.

Gruß,
Fantomas

[Fantomas96]

und weiter:


http://www.agoracom.com/ir/Noront/messages/651285#message


honestly not trying to pump, but
Posted by: d12 on December 04, 2007 03:38PM

could there be a better time to enter this play??? If i didn't already have all my money wrapped into it, i would be buying much more. It is plain to see that this stock is down below fair value simply because there have been no NR's for weeks. It wouldn't take me long to realize this if i was a potential buyer. News is around the corner so it wouldn't take much to make a quick buck or start a long term investment. Again, i am not trying to pump this at all, but if i was looking of a good place to start trading, both for short or long term, this would be it.


Gruß,
Fantomas

[Fantomas96]

http://www.agoracom.com/ir/Noront/messages/651397#message


A few things to chew on, while we wait...
Posted by: herbertwiebe on December 04, 2007 04:51PM


2 drill rigs running at DE. Additional 2 rigs scheduled for January, 2008. I also read that there is a plan to add 2 more drills on the DE around springtime...

Thinking...

If there is no more to this play than the 300ish meter ore body that is being drilled right now, why would Mr. Nemis be ordering a total of "6" (please correct me if I am wrong) drilling rigs to be turning drills by the spring??? I don't think it would take that long to finish drilling the "Eagle 1" anomoly and I personally don't think it would require 6 rigs to finish it either.

I am going to make a pure speculative guess here, based on nothing more than the fact that Mr. Nemis is Mr. Conservative with his shareholders money and go out on a limb and say that he just might know what lies to the south of Eagle 1. I really believe that Mr. Nemis knows that there is nickel in that 1800 meter or 2400 meter magnetic anomoly (depending on which news release you read) and I will even go out further on that limb to say I think that JP Morgan might know what is out there as well.
How could Mr. Conservative be so "cock sure" of what is about to happen to his little stock that he never seems to get down regarding his share price??? I think it is because he knows what is going to happen in the next 12 - 18 months. How else could IBK make an announcement that Noront will probably be taken out by a MAJOR in the next 12 - 18 months??? Seems to me that this is not the kind of statement Mr. Nemis has made in the past. Mr. Conservative would just go his merry way and point to the drill results, just like he did when he hit 58 ounces / ton of gold over 4.7 meters at windfall lake. Unbelievable numbers but did he say anything about being taken out by a major then??? NOT.

Mustangman, Donnypee, Oskee, and everyone else suggesting patience, I BELIEVE YOU ARE RIGHT!!!

I think I will be looking at early retirement in about 15ish months... with maybe a ski trip planned with the family IN AUSTRIA.

Just a few things to think about, while we wait for news...

God Bless all NOT shareholders.

Herb



Gruß,
Fantomas

[Fantomas96]

Nichts mehr los in D !

Keine Umsätze, keine Postings, kein Interesse !

Na dann warten wir mal alle auf das "very nice Christmas present" !


Gruß,

Fantomas

[Boersenkrieger]

Antwort auf Beitrag Nr.: 32.678.691 von Fantomas96 am 05.12.07 23:54:10

na aber gelesen wird immerhin
hab grad nen depotfrust.... märkte grün depot rot... die letzten tage (wohl zu viele juniorminen drin)

[Daytrader12]

Antwort auf Beitrag Nr.: 32.678.691 von Fantomas96 am 05.12.07 23:54:10

Moin!

Lese sehr gern eure Postings, Interesse ist natürlich da. Werde morgen noch etwas aufstocken (verbilligen).

Macht weiter so mit dem Informationsfluss. Viele stille Mitleser sind euch sehr dankbar !

LG!

Daytrader12

[Fantomas96]

Warum claimt Noront in der Mitte / im Norden des Ring of fire ?



http://www.agoracom.com/ir/Noront/messages/653469#message

Re: next time
Posted by: pw on December 06, 2007 11:49AM

In response to: next time by HSS

I have very little geology background, but during my conversation with Mr. Nemis yesterday, he pointed out repetitively that the "Ring of Fire" is very similar to Sudbury. Sudbury basin is the only mining district believed to have been created by a huge meteor, not volcanic nature.

The meteor that hit sudbury is believed to be about 10 km in diameter, and the impact was equivalent to 100s of billion nuclear bombs, the ground heat vaporized the meteor, and the immense impact had melted the rocks 15 km down below and had created hundreds of mines around the basin today.

The true nature of McFaulds Lake won't be fully understood for some time, but the "Ring" shaped anomalies do resemble more of a meteor crater, pending to more mineralization to be found around the Ring. If you ask me what would be in the middle, I would hypothesize that there may be rich mineralization down below but covered by thick overburdens from hundreds of meters to a few kilometers.

~p

Posted by: HSS on December 06, 2007 04:22AM



when anybody sees RN can you ask him why he is claiming in the North of the ring and have intress in het middle north of the ring?. I think that question is important.


Gruß,
Fantomas

[Fantomas96]

Zur geologischen Situation von James Bay


http://www.agoracom.com/ir/McFaulds/messages/653461#message


Re: The Rings Central Core
Posted by: alcollard on December 06, 2007 11:44AM

In response to: The Rings Central Core by the deputy

Hi deputy,

Not sure who posted this originally, but here is a write up on the geology of McFaulds Lake:

Geological Theory/Facts of Genesis of McFaulds Lake:


I seldom say this, In my view this post, with the up to date Geological information contained herein , is a must “keeper” to cut and paste, for future reference, to those interested/invested in the McFaulds Area….this post has taken weeks to research and put together….
Information credit will be given to their Sources, accordingly, and in all cases referred to herein, these are their professional opinions, based on their interpretations of fact findings studies , to which , I have then added/applied my kowledge/information/opinions of the McFaulds Area…I have decided to post this information, knowing that I have met their requirements, which are proper “credit” and non commercial use…proper credits are listed below, and as you all know/may know, I have not /and am not being paid by anyone to post on these forums.. .I do so simply to provide information and my considered opinions…..just your usual cautionary statements…
The Purchase of
MNDM Publications
MNDM Publication Sales
Local: [phone]
Toll Free: 1-888-415-9845, ext. 5691
(inside Canada, United States

I will begin with Prof. A.J. Naldrett, world renowned Geology professor and probably “THE” or one of , the world experts on MMS , Ni Cu PGEs …
I met Prof. Naldrett of a few occasions and attended a good number of his lectures on MMS Ni Cu PGEs, in Toronto, and have read much of his written papers on said subject, long before McFaulds came along….I will not go into very complex and extremely difficult geological terms and theories..I will try to describe some theories here, as simple as possible, under the circumstances of the very complex subject of geology in general and super complex McFaulds geology in particular….
Below are 3 general “findings” by Prof. Naldrett of his studies of worldwide MMS Ni Cu PGEs deposits :
"Magmatic Ni-Cu sulfide deposits form as the result of the segregation and concentration of droplets of liquid sulfide from mafic or ultramafic magma.When most major Ni-Cu sulfide deposits, including those at Kambalda, Western Australia, are viewed in the light of studies at Noril'sk, Sudbury, Jinchuan and Voice’s Bay, three factors become apparent:
(i) the concentration of sulfides in channels or conduits through which much magma has flowed (feeder conduits for intrusions are much more prospective targets for exploration than the base of the intrusions themselves);
(ii) (ii) the interaction of the source magma with country rocks, either leading to the incorporation of sulfur, or the felsification of the magma in question;
(iii) (iii) fractional crystallisation of sulfide liquid giving rise to Cu-rich ores which may be far removed from the 'source' ore.
Anthony J. Naldrett Key factors in Genesis of MMS Ni Cu PGE implications for exploration."
The first point is relatively simple , and as I have posted previously, that these NI Cu PGEs sulfides are accumulated and deposited in magma conduits or “feeders” conduits for much larger intrusions, wherein successive introductions of Magmas have occurred…BUT once you have ‘prospected “ and found these magma conduits mineralized with Ni Cu PGEs , then many Geologists recommend drilling much deeper for the “source” (parent) magma responsible for these deposits as these deeper bases of the Magma are usually also “mineralized”…especially in the case of McFaulds, wherein good evidence exists of the regional.presence of Chromite layers , and enxtensive titomagnetite layers, that are good evidence for the proposition that very HOT, Dynamic Magmas , existed at McFaulds, and were responsible for the mineralized “feeder conduits” the type of Dynamic Magmas that could host Massive Nickel Sulfides, near or at their base….more on dynamic magmas and their “plumes” in another post some time…
from BMK news and my discussions :
That these thick madfic gabbro-ultramafic sills have high nickel and possible Platinum Group Element (PGE) potential has now been proved by the presence of nickel sulphide in more than one place, as well as the regional presence of chromitites and laterally extensive titanomagnetite layers evidence for hot magmas of the type that may host large massive nickel sulphide deposits near their base.
The second point is extremely important and very relevant to the formation of McFaulds area deposits, which would include the Speatacular NOT discovery, and the BMK Ni discovery, and of course hopefully many more as yet hopefully undiscovered discoveries…
"(ii) the interaction of the source magma with country rocks, either leading to the incorporation of sulfur, or the felsification of the magma in question;"

So then from this statement we conclude that in order for magmatic sulfides to concentrate in one area and remain in situ, either Sulfur from the surrounding country rock, or more importantly as in McFaulds case, “Felsification” with the contact magmas…
We have all heard and read many/most of the uninformed and geologically ignorant posters/doubters refer to the “granodiorite, which they describe as having limited NOT’s ore bodies. …..Nothing could be further from the “truth/facts”…
You will recall that in most all NOT drill holes to date, the mineralization ended in “ granodiorite”…It is my opinion, that , what existed prior to the NOT mineralization event, was Large “granite” bodies as the country rock…these “granites” are/were in fact all felsic, containing up to 65%to 90% of quartz and alkai felspars, therefore they are felsic. The “feslsificatiion” referred to above, potentially occurred when the “mafic” parent magma, probably a gabbro, came into contact withand mixed with the “granites” country rocks and assimilated and transformed it into “grano-diorite”, thereby felsification of the Parent Magma in question..so that diorite part, is the “mafic” component parts of the parent gabbro? magma, which assimilated with the “granites” felsic country rock , then transformed them into “granodiorites”. This felsification,into the Granodiorite, in my opinion in this case is what created the “trap” for the Ni Cu PGEs sulfides, in situ, which accumulated near the edges of this process….
So the “granodiorite” is GOOD news, since that was part of the Parent magma, and the “trap” for the Ni Cu PGEs mineralization in NOT’s Area discovery…Thus the granodiorite does not limit NOT’s Spectacular discovery, or many likely future such discoveries in the McFaulds area…….
The third point is:
"(iii) fractional crystallisation of sulfide liquid giving rise to Cu-rich ores which may be far removed from the 'source' ore. "
As most of you know, SPQ has discovered many, more than 10 so called VMS deposits containing Cu and Zn…However some of their discoveries were only Cu with no Zinc…some were as much as 8% Cu…..this leads me to believe That those Cu only discoveries , were as the result of “fractional crystallisation” of the parent magma/s that gave rise to Ni ores, which may be far removed from the source(parent) ore…
Implications of this“fractional crystallization” for McFaulds may be;
1. These rich Cu only discoveries made by SPQ are part of the magmatic processes which gave rise to the Ni Cu PGEs of NOT and likely many other such deposits along the belt at McFaulds..
Alternatively, these SPQ Cu only discoveries give potentially, some evidence that such Ni Cu PGEs deposits also exist in SPQ claims, both east and west, since these Cu discoveries were made some 25 Kms east, and 25 Kms west ,and away from NOT’s Ni Cu PGEs deposit.
Further confirmation of these Ni deposits, spread out throughout McFaulds belt, comes from BMK who discovered a 93 Ft. section of drill core assaying about .40% Ni., in their MacNNUGET claims some 25 Kms west and away from NOT, which BMK is drilling now…
2. Thus there is both evidence for a GIANT parent magma, for the entire McFaulds area, or more likely,a series of Large mafic magma intrusions which potentially gave rise to a series of Ni Cu PGEs deposits, and farther away potentially the Cu only deposits and potentially, Massive Sulfides Ni deposits at their base, as above noted….
Here are some other very important and NEW findings/interpretations about the Geology/Geological setting for McFaulds…this information is borrowed from MNMD, Ont Gov. Open File Report-OFR 6192, Scott and Rainsford, 2006, from Aeromagnetic data , and revised terrain maps….this report is their interpretation of the data collected…
I would advise anyone who is serious about learning more on McFaulds Geology, to obtain a copy of said repot, (doesn’t cost much), but it gives you much additional information/data, a great number of maps and other illustrations data and information for the entire Hudson’s Bay/James Bay Lowlands etc…I am only going to quote a couple of items in this post, of this very large and informative geological/geophysical report, which I consider very important indeed…which as I read the fine print, is allowed, provided one gives the report “credit”, and it is for non commercial use, as noted above…
OFR 6192 Scott, Rainsford…2006
From Aeromagnetic data, and revised terrain maps…
Some features to note:
-" The merging of greenstone belts of Uchi domain and Oxford-Stull domain under the James Bay Lowland;"
Of course, these is a very complex set of Geological factors which cannot be explained easily,
Or ascertained to any degree in one study, however, certain assumptions may be theorized, such as the reason why these 2 distinctive Geological Units have “merged” under the James Bay Lowlands…This MAY indicate some evidence for plate tectonics, more particular “subduction zones” or crustal growths thru “rift”which have “merged” these 2 UNITS together..
Some other potential evidence for this “subduction zone” and crustal growth is stated below, wherein an “INDENTOR” taken to mean an indentation, or a lowering of the James Bay lowlands terrane, as compared to the surrounding rocks, sometimes referred to in Geology as similar to a Graben…additional important data from this statement below is that this “indentor” is flanked on each side by FAULTS…you will see this more clearly if you obtain the full report…
Now the “GRABEN” concept/idea is my opinion, since the geological definition of Graben is
“ an elongated depressed crustal unit, or block, that is bounded by “faults” on it’s sides”…it may or may not be expressed as a “rift valley”….
How my “GRABEN” description importantly relates to the Ni Cu PGEs mineralization is somewhat clear, since some of the World’s largest Ni Cu PGEs deposits like Norlisk in Russia occur within these types of “GRABEN” or “indentors” "low lands" ..At Norlisk it is described by Naldrett as a 3.5 Km thick “volcanic basin” in/near the axis or keel of an anticline formation, that is thought to have brought these deposits to near surface…these Norlisk deposits are world class and account for LARGE portion of Ni Cu and of course PGE’s..Russia being the world’s MAJOR producer of Palladium…you will also notice a number of “DOMES” and anticlines in and around the McFaulds lake area from the Geo maps posted…
- A large indentor-like feature underlies the James Bay Lowland, flanked by faults; -
Debate has grown as to the AGE of these MMS intrusions…The statement from the said report below, may shed some light into this discussion…I have read and that some samples taken from the McFaulds and adjoining areas, area were dated from 2737 to 2696…A;though I previously posted that these rocks were Proterozoic,, or earlier, that was not exactly correct. They are about 200 Million years older… The Archean age ranges from 3.8 to 2.5 Billion years old…the youngest known as late Archean 2.9 to 2.5 Billion years old.. Proterozoic age starts after 2.5 Bill…so the dates quoted in some reports show that some of these intrusive rocks underlying the Paleozoic limestone are of late Archean ages aound 2.7 Billion years old,…some of the surrounding rocks are of early Archean ages 50+ more years older……From reading may publications, and mapping of World MMS Ni Cu PGEs deposits, especially from Prof. Naldrett, it seems that the older the rocks the higher the sulfide content of Ni etc…, since the theory is that the earth’s Mantle, was somewhat more HOT Dynamic and Violent , than it is today, as it is very very slowly cooling…so AGE may be a plus for McFaulds…and interesting side note of these world MMS deposits maps, is that Canada has been unusually blessed with a higher proportion of these deposits , than other countries…
In conclusion, I have believed for some time that the Potential for Large and rich deposits of Ni Cu PGEs at McFaulds is/has been Great!..…As more geological data , interpretation and especially drilling comes forth, I believe again the words of Mr. Nemis “THE RING OF FIRE ( The McFaulds area) WILL BE LARGER THAN VOISEY’S BAY”…the structure and Geology are there, the Ni Cu PGE’s are there, at least proven to exist thru 50 Kms belt of McFaulds, while others potentially to be found and extending Mfaulds further…
from SPQ’s VMS discoveries some 25 Kms away East from NOT’s discovery, to the BMK Ni MS discovery last year 20+ Kms away West of NOT’s discovery….now all that is left is the very important “drilling” to actually outline and “prove” the orebodies…Good luck to all McFaulds Lake Players….
ALL of the above as usual ….In My Considered Opinion…pls do your won D.D….


Gruß,
Fantomas

[Fantomas96]

Und noch ein bißchen geologische Grundkenntnisse, vor allem der letzte Teil in rot ist interessant.
Hinweise, auf was man bei Funden achten soll, vergleicht mal mit den News von Double Eagle:


http://earthsci.org/mineral/mindep/depfile/mag_dep.htm


Magmatic Deposits
Magmatic Base Metal Deposits and Exploration (Prospecting) Guidelines
Abridged and adapted to HTML from Notes From
The Prospecting School on the Web
By Luca Riccio for the B.C. & Yukon Chamber of Mine


Base Metals
Magmatic Base Metals Deposits
Chrome - Nickel/Copper - Platinum Group Metals (PGM)

Magmatic Deposits are so named because they are genetically linked with the evolution of magmas emplaced into the crust (either continental or oceanic) and are spatially found within rock types derived from the crystallization of such magmas. The most important magmatic deposits are restricted to mafia and ultramafic rocks which represent the crystallization products of basaltic or ultramafic liquids. These deposit types include:


1.Chromite Deposits,
2.Nickel-Copper Deposits
3.Platinum Group Metals PGM


1. Chromite Deposits

Chromite deposits are the end product of the separation of solid phases (Cr-rich spinets, (Fe, Mg) (Al, Cr. Fe) 2O4) from a liquid and their accumulation into chromite-rich layers. The processes involved in the formation of chromite layers are fractional crystallization and gravity settling. Chromite crystallizes into mineral grains within the silicate liquid and, because they are heavier than the liquid, they sink to form a cummulate layer at the base of the intrusive.

There are two main types of chromite deposits:

Stratiform and
Podiform.
Stratiform chromite deposits consist of laterally persistent chromite-rich layers (a few mm to several m thick) alternating with silicate layers. The silicate layers include ultramafic and mafic rocks such as dunite, peridotite, pyroxenite and a variety of others, less commonly gabbroic rocks. They are generally found within basal portions of mafic-ultramafic layered intrusions of Archean age such as the Bushveld Complex in South Africa. Canadian examples of stratiform chromite deposits include the Bird River Sill deposits in Manitoba. These deposits contain substantial reserves of poor-quality chromite (average 10.7% Cr203).
Podiform chromite deposits consist of pod to pencil-like, irregularly shaped massive chromite bodies and they are predominantly found within dunitic (olivine-rich) portions of ophiolite complexes. The rocks associated with podiform chromites are generally referred to as "Alpine-type" peridotites and they are usually found along major fault zones within mountain belts.

2. Ni-Cu+/-Co Deposits

Ni-Cu Deposits are the end of a magmatic process known as "liquid immiscibility''. This process involves the separation from the parental magma of a sulphur-rich liquid containing Fe-Ni-Cu. Upon cooling, the sulphur-rich liquid produces an immiscible sulphide phase (droplets of sulphide liquid in silicate liquid, like oil in water) from which minerals such as pyrrhotite (FeS), pentlandite (Fe,Ni)9S8, and chalcopyrite (CuFeS2) crystalize. Typical magmatic Ni-Cu deposits tend to occur in embayments at or near the base of their intrusive hosts.

They occur at the base of the intrusives because

immiscible sulphide liquids are heavier than silicate liquids and therefore sink to the bottom of the magma chamber and
b) without the presence of sulphur, metals such as Ni become incorporated into silicate crystal structures, such as pyroxene. Ni-Cu deposits are found in layered intrusions, stocks and ultramafic sills and flows. The largest deposits are of Archean and Proterozoic age.
The ore in Ni-Cu deposits can be massive, net-textured or disseminated. Typical examples of Ni-Cu deposits include the Sudbury orebodies (layered intrusion hosted), the Kambalda orebodies in Australia (ultramafic flow hosted) and the orebodies in the Thompson District of Manitoba (ultramafic sill hosted).
3. PGM Deposits

Platinum Group Metals (Platinum, Pt; Palladium, Pd; Iridium, Ir; Rhodium, Rh; Osmium, Os; and Ruthenium, Ru) have genetic affinities to both Ni-Cu-sulphides and chromites. However, while the fundamental processes involved in the formation of Ni-Cu and chromite deposits are relatively simple, the concentration and deposition of PGM appears to be a not too well understood, diverse sud multistage process.

Several lines of evidence indicate that PGM can

1) concentrate during high-temperature deposition of chromites,

2) be incorporated into immiscible liquids,

3) be remobilized and reconcentrated during metasomatic and hydrothermal activity.

To date significant PGM production has come from:

1.The Merenski Reef of the Bushveld Complex in South Africa,

2.The Ni-Cu deposits of the Noril'sk-Talnakh District in the U.S.S.R.,

3.By-product of several Ni-Cu deposits (Sudbury, etc.),

4.Placers derived from zoned (Alaskan-type) uyltramafic intrusions (Columbia, Goodnews Bay, Tulameen),

5.Metasomatic dunite pipes of the Bushveld Complex. The bulk of present world production comes from the Bushveld and Russian deposits and most presently known reserves are within Merenski-type environments (Bushveld and Stillwater Complexes).

The ores of the "Merenski" reef form thin (less than 1 m) but laterally persistent, disseminated, sulphide-poor horizons within polycyclic mafic-ultramafic cumulate sequences one-third of the way up from the base of the Bushveld intrusion. Principal ore minerals are pyrrhotite, chalcopyrite, pentlandite, PGM sulphides, arsenides and tellurides. The Noril'sk-Talnakh orebodies are essentially typical Ni-Cu deposits containing anomalously high concentrations of PGM (6 g/tonne material).

They occur at or near the base of complexely differentiated gabbro-dolerite intrusions (50 to 350 m thick) emplaced during late Permian to Triassic time during rifting of the Siberian platform. The sills are considered to be feeders to overlying plateau basalts.

The mineralogy of the ores include pyrrhotite, chalcopyrite, pentlandite and a great variety of PGM minerals. Placers derived fromAlaskan-type intrusions are the results of the breakdown, transport and concentration of Pt-Fe alloys mainly associated with Fe-rich chromite layers from the dunitic portions of thse complexes.

The metasomatic dunite pipes of the Bushveld Complex played a significant role as high-grade platinum producers during the early days of platinum mining in South Africa. They consist of central zones of Fe-rich dunite enveloped by shells of dunite and pyroxenite.

The pipes which transect at right angles the critical zone of the complex, are 20 to 200 m in diameter and contain axially located pay zones with surface dimensions not exceeding 20x25 m. The ores are pegmatitic and may contain slabs of chromitite. Spot assays as high as 1,990 grams per tonne Pt. were recorded from dunite pipes.

Before concluding this brief summary on PGM deposits, it should be stressed that most disseminated sulphide zones carrying appreciable PGM values are characterized by:

Pegmatitic textures
the presence of hydrous minerals within otherwise anhydrous layered successions. These features,which point to high fluid activity during magmatic segregation, are important prospecting guides.


Exploration Guidelines
Exploration (Prospecting) Guidelines

Chromite deposits
Nickel-copper deposits
Platinum deposits

Chromite Deposits

Stratiform:

1.Identify well layered mafic-ultramafic intrusions;

2.Prospect below the mafic cumulate portions of the intrusions (i.e. below the portion which is completely gabbroic).

Podiform:

1.Carefully prospect within all dunitic portions of Alpine-type peridotites (Harzburgite-Dunite components of ophiolite complexes).

Ni-Cu Deposits

1.Prospect in the lowermost portion of layered and not so well layered mefic-ultramafic intrusions (both cratonic and synorogenic), komatiitic flows and sills;

2.Pay special attention to embayments in basal contacts.

PGM Deposit


1.Identify layered mafic-ultramafic intrusions and differentiated sills (possibly cratonic);

2.Sample any sulphide-bearing material, especially if carrying visible pyrrhotite-chalcopyrite mineralization;

3.If prospecting for Merenski-type occurrences, look for very thin (1 m) but laterally persistent disseminated sulphide-bearing horizons within complexly interlayered peridotite-pyroxenite-troctolite-anorthosite and gabbro sequences;

4.Look for sulphide-bearing material near contact zones of mafic-ultramafic complexes composed of several intrusive phases;

5.Look for unusual textures and mineralogy. Namely look for pegmatitic textures and development of hydrous minerals within layers or massive units that are normally of even grain size and anhydrous;

6.Investigate the drainage of Alaskan-type intrustions for potentially significant Pt placers.


Gruß,
Fantomas

[Fantomas96]

WINDFALL-NEWS





http://biz.yahoo.com/ccn/071207/200712070430332001.html?.v=1


Windfall Lake Gold Project Update

Friday December 7, 2:17 pm ET


TORONTO, ONTARIO--(Marketwire - Dec. 7, 2007) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT - News) Noront is pleased to report the following progress at the company's Windfall Lake project situated in Urban Township northeast of Val d' Or, Quebec.

The company received a permit to carry out an underground exploration program on the project.

On November 13, the surface contractors, Inc "Norascon" of Amos, Quebec, commenced stripping of overburden at the portal site. Norascon will install ore and waste pads, settling ponds, access roads and the initial ramp slot. Norascon has adjusted its work plan to complete this work prior to the Christmas break. Early completion is contingent on reasonable weather conditions.

Monteria Expert, the company's underground contractor, plans to install surface facilities over the Christmas break in anticipation of commencing the ramp by mid-January 2008.

The mining contracts are being supervised by Genivar Inc., Noront's engineering and technical consultants.

The exploration ramp is planned in two phases. The first phase will investigate three zones including the NOT-06-100 area. The second phase is contingent on the success of the first and is designed to test five additional zones.

Noront completed the 2007 surface drilling campaign in early November and is currently completing logging and sampling of the core.

RECENT APPOINTMENT

The Company is pleased to report that Mr. John Harvey has been appointed as Executive Vice President of the company. John Harvey with over 45 years experience in mineral exploration, has previously served as Vice President, Exploration, Mattagami Lake Mines Ltd; President, Noranda Exploration Co. Ltd. and President and CEO of Hemlo Gold Mines Ltd. He has been a part time Senior Consultant with Noront in recent years and has guided the Windfall Lake Gold project, in northwestern Quebec through to its present advanced stage of underground exploration and advisor to Noront's exploration team at the Double Eagle project in northeastern Ontario.

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 118,354,582 shares issued to date.

Investors are invited to visit the Noront Resources IR Hub at www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS

R. Nemis, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



Contact:
Richard Nemis
Noront Resources Ltd.
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.norontresources.com


--------------------------------------------------------------------------------
Source: Noront Resources Ltd.



Gruß,
Fantomas

[mike32]

Noch eine Zusammenfassung :
Windfall Property…if interested….
Posted by: BullyBoy on December 07, 2007 11:35PM


Windfall Property…if interested….

I could only go back to 2004 NR on the Noront site. But here are some highlights. Exploration was started back in 1998 (I believe) by Alto and Fury, later optioned by Noront. In addition to being an insight to Windfall, it may also prove to give some a better concept of how long these mining ventures can take. Windfall is by no means been slower to develop than most mining ventures, and we are just now finally getting to the ramp stage, not mining stage (yet), but getting very much closer.

My point is that DE is barely 3 months into its project life, and although it is proceeding at amazing speed, some still seem somewhat dissatisfied and impatient. It takes time; it will be months, and probably years for all of McFaulds to reveal their secrets. There will be good news, and not so good news, there will be price increases and price drops, expect it. No one knows what the final results will be, but there is a real possibility it could be life changing for many of us.


hier bitte klicken :http://agoracom.com/ir/Noront/messages/655557#message

[Fantomas96]

Antwort auf Beitrag Nr.: 32.703.335 von mike32 am 08.12.07 12:50:54

Und jetzt mal ein paar Überlegung zum Wert von Windfall nach heutigem Stand.
Das alle bisher inkl. IBK (sehr konservativ) maximal $1 angerechnet haben ist zwar sehr löblich, wird aber spätestens mit den ersten News von der "underground ramp" ad acta gelegt werden müssen.
Daher hier schon mal (ein etwas offensiverer Ansatz), der Windfall nach heutigen Ergebnissen mit $ 5,13 bewertet.
Macht mit mind. $ 5 für DE schon > $ 10 !
Nur mal so als Überlegung für noch nicht Investierte ("DO your own DD")


http://www.agoracom.com/ir/Noront/messages/656119#message

My Windfall Lake Valuation

Posted by: pw on December 08, 2007 09:24PM


With a few generous people's help here, I've put together a rough, partial model to evaluate the Windfall project for my own sanity. First, special thanks to don and Bully for their lended hands.

With about 150 holes drilled to date, Noront has identified 7 zones on its 100% owned property, named from W2 though W8. Of which W3 and W4 looked much more massive than the others. The glorious hole, #100, reported on Dec 1 last year, with over 1,300 g/t of gold over 4.8 m core length, made history for Noront.

Due to the NE trending veins approaching its claim border, Noront has since made a 50% JV with the Murgor/Freewest's property to the north. On the JVed claims, Murgor/Freewest had also identified two gold zones, named F11 and F17. The current ramp will start from Nurgor/Freewest's claims and continue south and then southwest to test a possible continuation between the F zones and the W zones.

Based on the 3D model by Noront, zone W3 had an estimated dimension of 600 m (L) x 30 m (W) x 100 m (D), or 1,800,000 cubic meters, and zone W4 of 300 m (L) x 60 m (W) x 100 m (D), also 1,800,000 cubic meters. Other zones seemed much smaller and less defined and were excluded from my model at this stage.

A conservative specific gravity of 2.0 for the felsic host rock was applied to zone W3 and W4 to derive an estimated ore weight of 7.2 Mt

Using most of published core grades since 2004 for the W zones, a weighted average grade was derived to be 39.9 g/t, over 245 m of total core interception.

Using again a conservative $750 per oz for gold, the gross metal for the two zones was valued at $6.3 billion, and at 10% of GMV, the share price would be $5.13.



Windfall Lake Partial Valuation

Zone W-3 Volume 1,800,000 (m3)
Zone W-4 Volume 1,800,000 (m3)
Total Volume 3,600,000 (m3)
Weight 7,200,000 (t)
Weighted Ave Grade 39.9 (g/t)
Inferred Gold 8,409,836 (oz)
GMV (@ $750 / oz) $6,307,377,049
SP (@ 10% GMV) $5.13

Notes:

- This model ignored the smaller and less defined other five zones, and didn't consider the two F zones in the 50% JV claims

- The model assumed general continuities exist within each of the zone W3 and W4, as defined by Noront's current 3D model, and that of course will hopefully be proved up by the ramp

- Dimensions for W3 and W4 were eyeballed - very roughly measured for this study

- Noront seemed to have used a gram to oz conversion rate of between 34.2 and 34.35, and the rate used in my calculation was 34.16 - obtained from Google

- I can easily see an upside / downside variations from this rough model by at least 50%, yielding a variation on SP value of between $2.57 and $7.70


~p

Gruß,
Fantomas

[Fantomas96]

Für alle JAMES BAY Interessierten:

Hier ist eine lange, aber sehr interessante Zusammenfassung der elektromagnetischen / geophysikalischen Daten im Bereich des Noront Double Eagle Fundes.

Nach Studium habe ich meine bisher hier geposteten Annahmen nochmal up-to-date gebracht und werde mein weiteres Vorgehen bezüglich Noront und Area Player in den nächsten Tagen umsetzen, da sich diese mit meinen bisherigen Erkenntnissen decken und sehr logisch und nachvollziehbar erscheinen.

Aber bitte lest selbst (Text von mir zwecks besserer lesbarkeit formatiert / korrigiert):


http://www.agoracom.com/ir/Spider/messages/656601#message



This is yet another one of those rare posts that should copied and pasted for future reference, closer reading/study.
It is especially important because it contains, in addition to some Geology, it also includes factual and very important Geophysics studies/maps from portion of McFaulds Area conducted by Area Players on or about 2004, and 2005.
Take note that these Geophysics maps were made public, long before the Spectacular Ni Cu PGEs discovery by NOT.
I mention this, since it is rather “rare” , with good reason, that Explorers publicly release this kind of Geophysics data/information after a great discovery.
As evidence, BIG players like CVRD have already moved into McFaulds, apparently notifying Chief Jacob by letter.
The BIG CVRD question is: did they option land from NOT, or did they stake their own claims west of NOT ?
I doubt whether many of the Area Players would want to release “confidential” and detailed Geophysics Surveys publicly.
However, fortunately, we do have these few Area Geophysical Surveys that can tell us volumes about the potential for NOT like MMS Cu Ni PGEs discoveries.
These Geophysical Surveys only cover a small portion of McFaulds, approx a 5Kms radius from NOT’s Spectacular discovery and 5 Kms East, but they are extremely important because of their very close EM anomaly similarities and proximity to NOT’s EM signature/anomaly, all within 5 Kms of NOT.
First the all important Geophysical data/maps portion as they directly relate to the following Area Players around these area maps , including in no particular order, NOT, SPQ, BMK/JV, FWR, FNC,KWG.
These Geophysics maps and their anomalous signatures, of said area are the real thing. They are the actual”physical”.
EM signatures were part of the data used I believe, to uncover NOT’s spectacular MMS NI CU PGEs discovery, and SPQ’s famous Chromium/PGE’s layered peridotite discovery about 3 kms NW on strike, and were one of the primary reasons BMK/JV immediately "rushed" to stake the open area just below those SPQ optioned FWR claims.
As a BMK employee told me after pointing these EM maps,”why do you think we rushed to stake those claims near/below NOT, as soon as we heard of NOT’s MMS discovery ?”.
So in my view, these Geophysics maps are very important indeed, and may/likely in fact point the way to other new Spectacular MMS discoveries, in this 5 Kms area, very shortly, with BMK/JV drilling this week there, and SPQ, KWG,FWR drilling there in January/08.
To better satisfy yourselves as to the exact locations and claims ownerships, as these maps do not specifically give detail names of each claim holder, please download the latest claims map dated Nov. 26/08 from the link below, and zoom in to the area surrounding NOT’s Discovery.
Any Mafaulds map will do since these claims are somewhat original.


McFaulds Area Claim Map:

http://johnduff13.myphotoalbum.com/view_photo.php?set_albumN…

To better and precisely follow the points I will make below, it’s best to download the 3 Geophysics maps with links below, and zoom in to have a real good/closer look.

Map of NOT HLEM:

http://johnduff13.myphotoalbum.com/view_photo.php?set_albumN…

Geophysical AEM anomaly map borrowed from BMK of that portion of McFaulds being discussed in detailcourtesy BMK :

http://johnduff13.myphotoalbum.com/view_photo.php?set_albumN…

FWR TEM Map, of the area at McFaulds being discussed in detail courtesy FWR:

http://johnduff13.myphotoalbum.com/view_photo.php?set_albumN…



First a word about EM Airborne “Electro Magnetics” vs “Magnetics” : Geophysics includes in the field of mineral exploration, in particular the search for “Electro Conductive” metallic sulphides and oxides in resistive geology.
It also includes the search for “magnetic” anomalies/signatures , such as Magnetite and Phyrrotite etc,that are magnetic which are quite separate and distinct from Electromags, which relies on “Electro Conductivity”.
MMS Nickel and Copper deposits are typically very conductive, and return a strong EM response (so much so that specialised processing may be needed to detect them with time-domain EM systems) TEM.
These deposits are generally associated with ultramafic intrusives, which also produce strong magnetic anomalies, useful for targeting prospective geology within regional magnetic surveys.
The presence of pyrrhotite in the deposit may create a magnetic anomaly, although it can be lost in the strong magnetic anomalies of the associated intrusives.
The letter before the term EM, refers to the type of EM.
HEM is a Helicopter EM.
FEM is a Fixed wing EM.
TEM is a Time domain EM.
They are all EM’s with different instruments/applications, such as for depth, close to surface, differentiating etc etc.
These and New types of these Geophysics Surveys is a real growing business, and usually take up to 20% of the booths at Prospectors Conventions.

To cut to the chase I will be concentrating /discussing the following claims and Area Players:
- NOT and it’s MMS discovery Claim.
- FNC and it’s 4 claims adjacent to NOT.
- SPQ/KWG and their 5 Claims(optioned from FWR)adjacent to FNC.
- SPQ/KWG 321/2 % Interest each, FWR 35% Interest.
- BMK’s 2 claims below SPQ/KWG and adjacent to FNC.
- 1 Claim of SPQ/KWG just after said 2 BMK claims.
- and 4 Claims above SPQ/KWG of FWR.

I will first deal with NOT.
Many, including Kaiser have suggested that NOT’s MMS discovery extends some 2400m S/W.
In the first HEM map, you will notice that NOT’s EM anomaly does in FACT extend South/SouthWest by some 2400m all within NOT claims.
So, in conclusion, there is a great likelihood that NOT’s discovery deposit does in FACT extend further by about 2 Kms.
Perhaps not totally continuous, but rather in sections of that 2400 Kms strike length, since in part, the line used to outline this EM anomaly is not a solid line, but a broken line in dashes.

The second Geophysics map, courtesy of BMK is very important indeed.
For it not only shows the precise EM anomaly/signature of NOT’s MMS Ni Cu PGEs discovery, but it shows the intensity and strike direction, of a number of very similar EM anomalies as follows:

please remember there are no numbers or data given on this map but a visual comparison would suffice.
It is very clear that NOT’s anomaly extends North/West into SPQ/KWG/FWR Claims, there are at least 3 very similar anomalies , directly on strike NW from NOT’s anomaly/discovery.
These 3 anomalies have great likelihood of being MMS,this is where SPQ found the Chromite and PGE’s.
One EM anomaly is divided between SPQ/FWR/KWG and BMK.
This is an important one, since it also lies next to a Fault, and is marked HIGH EM.
A smaller anomaly is found in one of FNC’s claim a little bit South of NOT’s EM anomaly.
This anomaly too has a great likelihood of being MMS.
The next anomalie is in the BMK/JV claim, marked in red in BMK map, almost on strike NW a little more south of NOT/FNC’s EM anomalies.
This one too has a great likelihood of being MMS, especially since they are next to a Fault and are marked as HIGH EMs, along with another anomaly right adjacent NW to it which is in SPQ/KWG claim.
Leading from these anomalies almost on strike north/west, there are at least 4-5 such anomalies mostly leading in and into SPQ/KWG/FWR claims.
These most certainly have a great likelihood of being MMS, as you will see in the next map, a “fault” running right next to them, and are marked with a solid red line, indicating a HIGH EM anomaly.

As you can see, those are the only High anomalies released in this partial map for that area from BMK.
They look superb.
I asked a Geologist friend what percent chances he would give these anomalies under the circumstances of NOT’s EM Anomaly MMS discovery.
He gave me a 60% chance of them being MMS.
My guess was a 65% chance, so there exists a very good likelihood these/some of these EM anomalies represent MMS deposits, especially when viewing the last Geophysics map from FWR.

So to summarize:
- 1 EM anomaly in NOT’s claim, the MMS Ni Cu PGE discovery and what looks like a continuation of that EM anomaly in NOT’s claims SW.

- 1 EM anomaly in FNC claim just S of NOT.

- 5 to 6 EM anomalies in SPQ/FWR/KWG JV claims.

- 3 EM anomalies in BMK/JV claim.

- 1 EM anomaly in SPQ/KWG claim.


This first map does not show the 4 FWR claims, although FWR map shows 1 EM HIGH red solid line anomaly in FWR claims, just above a fault in the 2nd claim N of SPQ/JV claims.
All these have tremendous potential for MMS.
You will note that on the next EM map from FWR, there is a little more detail and gives HIGHS and Medium and Lower EM anomalies.

Remember that this EM anomaly was released prior to NOT’s MMS discovery, they were only drilling Medium to Lower EMs.

Also none - NOT ONE OF THE HIGH ANOMALIES !!! - on this Map were drilled, (of course with the exception of the NOT anomaly/discovery) represented by very THICK/SOLID red line, that corresponds exactly to the previous BMK HIGH EM Anomalies map, as some of the press releases from NOT had indicated.

This is indeed very good news.

Of course we can’t see the NOT or FNC High Anomalies on this map, BUT we can see SPQ/KWG/FWR, and FWR and the BMK claim, and SPQ/KWG claim, and the 4 FWR claims.

You will note that on the BMK/JV first claim there is a Fault(black dotted line), and beside that Fault,still on BMK claim, there are 2 solid lines and 2 thick black points at the top of the claim, never been drilled.
These are excellent MMS targets/potential.
The second BMK claim EM anomaly does not show up on this map, maybe it wasn’t surveyed, but one can see from the adjacent BMK claim, that the HIGH to Medium EM conductors do flow into BMK claim from SPQ/KWG claim.

The SPQ/KWG claim (borders in black) has tremendous potential for MMS since it has 2 solid red lines, indicating HIGH EMs, and 2 black thick markers.
Continuing on from there and joining the “Fault” in a NW direction, is a series of very solid red lines and thick black dots, in a much longer stretch all in SPQ/KWG/FWR claims.

This area in my opinion has the HIGHEST chance of being an MMS deposit, leading from about the middle of the JV claim on extreme left and moving NW past the top of that small square inside that claim, and past the Fault line, and are all HIGH EMs.

There is a very similar but smaller one just below the above.
Again I believe that these last 2 EM anomalies mentioned have in my opinion, the HIGHEST possibilities of MMS mineralization.

FWR has 1 EM High. None of these HIGH EMS have been drilled.
BUT I’m almost certain they will be drilled on or about Jan/08.

Remember that there also exist a high possibility of hitting a pure PGE deposit, and also remember the VAST Claims/Lands that NOT/JV, BMK/JV and SPQ/JV have at McFaulds, which have never been drilled for MMS HIGH EM anomalies.

Just an interesting side note about that little square piece of land inside SPQ/FWR/KWG.
As I was informed, it turns out that it was owned by an individual who refused to sell it for many years.
Eventually a deal was made with Renforth to buy said property, and subsequent to that SPQ/KWG made a deal with Renforth optioning all their diamond plays at McFaulds, and so acquired interests in that small square.

I believe there exists a great likelihood that some of these EM High Anomalies noted above will find MMS-NOT-like deposits at McFaulds.
This would mean superb NEWS for NOT as well as said Area Players, since it’s the total tonnage at McFaulds that will make NOT and all McFaulds deposits “economical”.

For the record, and in full disclosure, I own most all of the above noted Area players, and have been accumulating more over the last couple of weeks, especially SPQ, BMK and FWR for reasons above noted, and may be accumulating a bit more if prices weaken further.
As usual, this is all in my considered Opinion.
Please do your own Due Diligence.
JD


Gruß,
Fantomas

[_MountainDew]

Press Release Source: Noront Resources Ltd.

Noront Provides Project Update
Thursday December 13, 8:30 am ET
DOUBLE EAGLE (Cu,Ni,PGE) PROJECT, JAMES BAY LOWLANDS, ONTARIO


TORONTO, ONTARIO--(Marketwire - Dec. 13, 2007) - Noront Resources Ltd. ("Noront")(TSX VENTURE:NOT - News) is pleased to announce further progress of the diamond drilling and geophysical program, as well as recently received assay results on its' 100% owned Eagle One occurrence within Noront's Double Eagle Project in the McFaulds Lake Area of northeastern Ontario. "To date 27 holes have been completed totaling in excess of 5 kilometers of drilling. Extremely high grade intersections of Nickel, Copper, Platinum and Palladium over impressive widths continue to highly encourage management at Noront. Preliminary analytical work on selected samples for the other Platinum Group Elements (PGE's) suggest that Rhodium is also present in the Eagle One occurrence, this could add significant value to the zone's resource potential" states Richard Nemis, President and CEO of Noront.

HIGHLIGHTS

- NOT-07-14 between 52.8 meters to 56.4 meters, 3.6 meters of massive sulphides were intersected that averaged 3.43% copper, 7.45% nickel, 5.0 g/t platinum, 9.1 g/t palladium and 0.12 g/t gold, within part of a much larger intersection between 45.9 to 80 meters (34.1 meters) that averaged 1.22% copper, 2.28% nickel, 1.6 g/t platinum, 4.13 g/t palladium and 0.14 g/t gold. In addition a lower grade zone exists from 80 to 110 meters averaging 0.28% Cu, 0.59% Ni, 0.37 g/t Pt, 1.18 g/t Pd and 0.1 g/t Au.

- NOT-07-16 encountered a net-textured peridotite section combined with the massive sulphide section over 12.7 meters between 121.1 and 133.8 averaging 1.55% Cu, 2.4% Ni, 2.63 g/t Pt, 5.1 g/t Pd, 0.12 g/t Au and 4.5 g/t Ag. A lower grade section between 92.9 and 121.1 meters (28.2 meters wide) averaged 0.50% Cu, 0.57% Ni, 0.47 g/t Pt, 1.5 g/t Pt, 0.17 g/t Au and 1.5 g/t Ag.

- NOT-07-17 to NOT-07-27 (excluding hole 26 that was abandoned) were all completed to delineate the Eagle One Zone, and are reported upon individually from below visual observations and are awaiting completion of assay results.

- 20 selected samples (from holes 1, 2 and 5) tested for entire suite of PGE's, preliminary results show presence of Rhodium, (highest value greater than 1.0 g/t Rh), and all samples now need to be re-tested for Rhodium and other PGE's.

- Airborne AeroTEM-2 survey is well underway by Aeroquest International Limited, to November 26 they have flown 6,254 kilometers completing Phase I of the survey, Phase II commenced on November 27, since then 3,752 kilometers have been completed in Phase II. Staking by Noront still continues around the "Ring of Fire".

- Geological Consultant Jim Mungall, Ph.D. Associate Professor from University of Toronto, who is now consulting exclusively for Noront, under an agreement and pursuant to which, has been granted a 50,000 share stock option exercisable at $4.86, visited project area in November, states: "If the less than peridotite greater than intrusion is accepted to be a conduit less than from a large intrusion greater than then it must be continuous over considerable distances likely measurable in kilometers. Since diamond drilling has shown that it is surrounded on all sides by older felsic intrusive rocks at surface, logic dictates that it must continue at depth."

Noront has completed 5,046.6 meters of diamond drilling in 27 diamond drill holes (not including two current holes that are underway) on the Eagle One Ni-Cu-PGE occurrence since starting the drill program in late August. The following table summarizes drill hole locations (based upon local and UTM grid coordinates) and provides details of the drilling completed thus far.

The Universal Transverse Mercator (UTM) coordinate system is a grid based method of specifying locations on the surface of the Earth. It is universally recognized but differs from the traditional method of latitude and longitude in several respects (taken from Google).




Table 1 Local Grid and UTM Co-ordinates For New Holes

---------------------------------------------------------------------------
North- East- Eleva- Len-
Drill hole ing (m) ing (m) Northing Easting azimuth dip tion gth
---------------------------------------------------------------------------
at
collar
Local Local (deg- (deg-
grid grid UTM UTM rees) rees) (mASL) (m)
---------------------------------------------------------------------------
NOT-07-20 1050 5083 5843528 547275 270 -61 0 144
---------------------------------------------------------------------------
NOT-07-21 1050 5083 5843528 547275 270 -73 0 183
---------------------------------------------------------------------------
NOT-07-22 1010 5121 5843525 547340 270 -62 0 61
---------------------------------------------------------------------------
NOT-07-23 1080 5108 5843562 547290 269 -78 0 293
---------------------------------------------------------------------------
NOT-07-24 1069 5174 5843600 547363 270 -42 0 233
---------------------------------------------------------------------------
NOT-07-25 1222 4945 5843563 547070 102 -46 0 307
---------------------------------------------------------------------------
NOT-07-26 1069 5174 5843600 547363 270 -52 0 75
---------------------------------------------------------------------------
NOT-07-27 5843637 547167 90 -45 0 183
---------------------------------------------------------------------------


Please note that the local grid collar locations are measured from the NW - SE oriented un-surveyed picket lines, whereas the UTM (Universal Transverse Mercator) co-ordinates are the GPS surveyed collar locations. The latter should be used when plotting drill holes as this co-ordinate system provides ease in relating the drilling to the geophysical and other surveys. An up to date drill collar location plan of the area has been added to the Noront website www.norontresources.com, showing locations of all drill hole collar locations as well as highlights from each hole drilled. This drill plan will continue to be updated as new information is received.




New drill hole data (assays received)

---------------------------------------------------------------------------
Hole From To Int. Cu Ni Pt Pd Au Ag
(m) (m) (m) (%) (%) (g/t) (g/t) (g/t) (g/t)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-07-
14 45.9 110 64.1 0.78 1.49 1.02 2.75 0.12 NA
---------------------------------------------------------------------------
including 45.9 80 34.1 1.22 2.28 1.6 4.13 0.14 NA
---------------------------------------------------------------------------
from 45.9 52.8 6.9 0.15 0.41 0.23 0.94 0.06 NA
---------------------------------------------------------------------------
followed
by 52.8 56.4 3.6 3.43 7.45 5 9.1 0.12 NA
---------------------------------------------------------------------------
followed
by 56.4 80 23.6 1.19 2.04 1.48 4.3 0.17 NA
---------------------------------------------------------------------------
followed
by 80 110 30 0.28 0.59 0.37 1.18 0.1 NA
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-07-
15 8.6 24 15.4 0.13 0.52 0.25 0.79 0.02 1.9
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-07-
16 92.9 133.8 40.9 0.67 1.03 1.04 2.5 0.15 2.0
---------------------------------------------------------------------------
from 92.9 121.1 28.2 0.5 0.57 0.47 1.5 0.17 1.5
---------------------------------------------------------------------------
followed
by 121.1 133.8 12.7 1.55 2.4 2.63 5.1 0.12 4.5
---------------------------------------------------------------------------


Please note that the drill intercepts mentioned herein are not true widths, any reference to true width at this time in the exploration of the Eagle One MMS occurrence would be misleading. The mineralized body is irregular in shape, based upon the drilling to date and is best described below under description of mineralized body.

New Hole Summaries (assays received)

NOT-07-13, was drilled with an azimuth of 104 degrees at -68 degrees initial dip, from the same collar location as NOT-07-12. This hole was designed to undercut the mineralized zone at depth below hole 12. The hole was drilled to a depth of 254m and encountered granodiorite through it's entire length, and had steepened to -72 degrees at the end, which did not enable this hole to reach the targeted zone.

NOT-07-14 was positioned 20m east of hole NOT-07-12 and 13 with an initial easterly azimuth of 104 degrees with an initial dip set at -45 degrees to overcut hole #12. After 45.9 meters of granodiorite, NOT-07-14 intercepted peridotite with sulphide mineralization from 45.9 to 110 meters. The total width of 64.1 meters averaged 0.78% Cu, 1.49% Ni, 1.02 g/t Pt, 2.75 g/t Pd and 0.12 g/t Au. Weakly mineralized peridotite was then intersected until 188m. The hole ended in granodiorite at 197m.

NOT-07-15 with a collar location of 50+15E, 11+20N in local grid co-ordinates and an initial dip of -60 degrees with a 102 degrees azimuth has been completed. This hole remained in weakly mineralized to barren peridotite for its entire length of 132 meters (except for the first 8 meters of overburden and limestone). Assays from this hole over the first part of the peridotite intersection where sulphides were observed, between 8.6 and 24 meters (15.4 meters) averaged 0.13% Cu, 0.52% Ni, 0.25 g/t Pt, 0.79 g/t Pd, 0.02 g/t Au and 1.9 g/t Ag. This hole overshot the main part of the zone as it was collared too far east due to the presence of a small lake.

NOT-07-16 was positioned with local grid coordinates of 51+08E, 10+80N and drilled west at 269 degrees azimuth to explore the wide extent of the peridotite above hole NOT-07-14 closer to surface and at depth to intersect the zone below hole 12. NOT-07-16 was drilled at -45 degrees. This hole encountered altered peridotite from 4.5 until 93 meters with minor sulphide mineralization. From 92.9 to 121.1 meters, peridotite with disseminated sulphides was encountered. From 121.1 to 133.0 meters, net-textured peridotite with strong sulphide mineralization was intersected. From 133 to 133.8 meters, massive sulphides were encountered. After this point, a mafic dyke mixed with granodiorite was encountered to the end at 155 meters. Assays received for the total mineralized 40.9 meter section between 92.9 and 133.8 averaged 0.67% Cu, 1.03% Ni, 1.04 g/t Pt, 2.5 g/t Pd, 0.15 g/t Au and 2 g/t Ag.

Drill hole summaries (assays pending)

NOT-07-17 is positioned at the same collar location as hole NOT-07-16 with an initial dip of -60 degrees to undercut the mineralization encountered in the upper holes. This hole intersected well mineralized peridotite at 98 meters and at 138 meters encountered net textured sulphides which continued to 171 meters. Between 171 and 177.5 massive sulphide mineralization was encountered, followed by altered peridotite to a depth of 178. The hole then entered granodiorite and was stopped at 191 meters total depth.

NOT-07-18 is also positioned at the same collar location as hole NOT-07-17 and NOT-07-16 undercutting the mineralization encountered in the two latter holes. The initial dip of this hole was set at -69 degrees. Between 105.2 meters and 132.5 meters the hole entered well mineralized peridotite, then it entered into a long section of net textured peridotite between 132.5 to 191.7 meters. From 191.7 to 230 meters semi-massive to massive sulphides were intersected before the hole encountered granodiorite.

Holes numbered NOT-07-19 to NOT-07-22 were completed along an E-W section representing a 37.5 meter step-out section to the south.

Hole NOT-07-19 was drilled at local grid collar location 50+83E at 10+50N with an initial azimuth of 270 degrees and an initial dip of -45 degrees. Peridotite was intersected at 20.1 meters downhole, variably mineralized between 46.5 and 64.5 meters. This hole then entered weakly mineralized peridotite, between 64.5 meters and 74.2 meters downhole, then from 94.5 to 103.3 the mineralization increased getting more pervasive until around 109 meters downhole, intersecting a few mafic and felsic dikes. Between 109 and 109.2 massive sulphide was intersected, followed by altered peridotite until 110.8 when granodiorite and another mafic dike was encountered to the end of the hole at 132 meters.

Hole NOT-07-20 was drilled at local grid collar location 50+83E at 10+50N with an initial azimuth of 270 degrees and an initial dip of -61 degrees to undercut hole NOT-07-19. After a few meters of overburden and limestone the hole entered granodiorite at 12 meters, then went into peridotite at 17.2 meters and then in and out of peridotite and olivine gabbro dikes until 48.6 meters. At 48.6 to 103.8 meters the hole entered weakly mineralized peridotite, followed by another mafic dike between 103.8 and 113.9 meters. Then, well mineralized peridotite was encountered between 113.9 to 125.1 meters. Another mafic dike was encountered to 128.2 followed by granodiorite to the end of the hole at 144 meters.

Hole NOT-07-21 was drilled at local grid collar location 50+83E at 10+50N with an initial azimuth of 270 degrees and an initial dip of -73 degrees to undercut hole NOT-07-20. Similarly to hole 20, this hole encountered the same set of olivine gabbro dikes and peridotite between 11.7 and 35.0 meters downhole, then a weakly mineralized to barren peridotite was encountered to 144 meters. Well mineralized peridotite was encountered between 144 and 162 meters with a short felsic dike between 150 and 151 meters. Then semi-massive sulphides were encountered between 162 and 173.8 meters followed by weakly mineralized peridotite to 174.8. A mafic dike was then intersected between 173.8 and 184 meters, followed by granodiorite to end of this hole at 183 meters.

Hole NOT-07-22 was drilled at local grid collar location 51+21E at 10+10N with an initial azimuth of 270 degrees and an initial dip of -62 degrees. The hole entered granodiorite at 13.5 meters to 154.7 meters. At 154.7 the hole entered a strongly deformed and brecciated unmineralized peridotite and remained in this rock unit until 209 meters when it entered olivine gabbro. At 215.8 a barren peridotite was encountered to 222.4 then a short massive sulphide section was encountered to 223.5 meters (only 1.1 meters thick). Peridotite with minor sulphides were encountered until 244.5 then granodiorite was encountered to end of hole at 258 meters. This hole is interpreted as having just caught the bottom of the southerly plunging zone at a vertical depth of 200 meters.

Hole NOT-07-23 was drilled on local grid collar location 51+08E at 10+80N with an initial azimuth of 269 degrees and an initial dip of -78 degrees. After passing through 5.5 meters of overburden and limestone, this hole immediately entered peridotite (with a felsic dike) until 228.2 meters, when the hole entered granodiorite until 241.1 meters. The hole then went back into a mineralized peridotite until 224.4 then into semi-massive sulphides between 242.4 and 243.2 meters after which the hole entered granodiorite until it was terminated at 293 meters. This hole along an E-W section 37.5 meters north of hole NOT-07-22, also has been interpreted as encountering the bottom of the southerly plunging zone at a vertical depth of 235 meters.

Hole NOT-07-24 was drilled on local grid collar location 51+74E at 10+65N with an initial azimuth of 270 degrees and an initial dip of -42 degrees, designed to undercut discovery holes NOT-07-01 and 02. After passing through overburden, limestone to a depth of 16 meters the hole entered granodiorite and stayed in this rock unit until 65.4 meters when the hole encountered a mafic dike until 76.3 meters. The hole then reentered granodiorite until 83.1 meters. An olivine rich gabbro was then encountered between 83.1 and 100.4 meters. Barren peridotite was encountered between 100.4 until 119 meters downhole. Then mineralized peridotite to 140 meters, then net textured mineralized peridotite was encountered between 140 meters and 187.8 meters followed by a 2.7 meter wide massive sulphide section until 190.7 meters downhole for a total mineralized zone width of 71.7 meters. The hole then entered a contact zone with the granodiorite and peridotite, in and out of granodiorite, ending in granodiorite between 220 and 233 meters.

Hole NOT-07-25 was drilled at local grid collar location 49+55E at 12+22N with an initial azimuth of 102 degrees and an initial dip of -46 degrees. This hole entered granodiorite at 18 meters then went into a mafic dike between 43 meters and 52.3 meters then back into granodiorite with numerous mafic dikes and felsic dikes until 252.7 meters. Highly altered peridotite (to serpentinite) was encountered between 252.7 meters and 277.8 meters. The hole went in and out of peridotite and mafic dikes until 301.5 meters. At 301.5 granodiorite was encountered and the hole was stopped at 307 meters. This hole is believed to have deviated severely southwards not encountering the peridotite intrusive until 252.7 meters as opposed to the expected down hole depth of 180.0 meters. With the exception of minor copper mineralization in the hanging wall granodiorite the hole encountered no visible sulphide mineralization to the end of the hole at 307 meters. Downhole surveying must be awaited before the actual location of this hole can be determined.

Hole NOT-07-26 was drilled at local grid collar location 51+74E at 10+69N with an initial azimuth of 270 degrees and an initial dip of -52 degrees. This hole encountered drilling problems due to faulty equipment downhole and was lost at 75 meters, well short of the intended target. Hole NOT-07-26 was restarted as Hole NOT-07-28 from the same collar location at -51 degrees, and is still underway.

Hole NOT-07-27 was drilled at local grid collar location 50+60E at 12+15N with an initial azimuth of 90 degrees and an initial dip of -45 degrees. After passing through 16.8 meters of overburden and limestone this hole entered granodiorite and remained in granodiorite until 112.5 meters, when it entered mineralized peridotite until 117 meters downhole. Massive sulphides were then encountered between 117 and 152 meters followed by semi-massive sulphides until 155 meters. Mineralized peridotite was then encountered for the next 10 meters until 162 meters, followed by 6 meters (until 168 meters) of weakly mineralized to barren peridotite. The hole then entered granodiorite and was terminated at 183 meters. This hole was drilled along the same E-W section as holes NOT-07-05, 06, 07, and 08 to delineate the mineralized zone in more detail.

Rhodium Present

A series of samples from hole 1, 2 and 5 were selected based upon the presence of significant grades of platinum and palladium in the first pass analysis. Twenty samples were re-submitted for the total suite of Platinum Group Elements (PGE's) to ALS Chemex, using their process code PGM-MS26 for Pt, Pd, Ir, Os, Rh, Ru and Au, an additional assay using ALS Chemex processing code Rh-MS25 was also requested. The latter sample procedure is done in Canada while the former procedure requires the samples be sent to ALS Chemex lab in Australia. The same set of 20 Samples have also been submitted to ACTLABS in Ancaster, Ontario as part of a lab-lab comparison. Results from the Rhodium specific analysis have been received, the results range from 0.002 g/t to greater than 1 g/t. The results, while not being conclusive, suggest that Rh is present in the Eagle One occurrence, consequently all samples must now be analyzed for Rh as well as the other PGE's. Noront will provide details of this study at a later date.

The spot price of rhodium has risen from a spot price of $452/oz on January 2004 to $6,725/oz. on December 12, 2007. A basic introduction to rhodium can be found on www.kitco.com:

"Rhodium is a silver-white metallic element, is highly resistant to corrosion, and is extremely reflective. It is used as a finish for jewelry, mirrors, and search lights. It is also used in electric connections and is alloyed with platinum for aircraft turbine engines. Another use is manufacturing of nitric acid and used in hydrogenation of organic compounds. Rhodium usage is dominated by autocatalyst applications where it is used together with platinum and palladium to control exhaust emissions."

Site Visit by James Mungall (Ph.D.)

During early November, the core from the Eagle One occurrence (up to hole 22) was reviewed by Dr. James Mungall, P.Geo., an Associate Professor in the Geology Department at the University of Toronto, specializing in Magmatic Massive Sulphides. Dr. Mungall completed a site visit report dated November 19, 2007 that includes the following summary and conclusion (taken verbatim from his report):

"The large amounts of sulfide and of ultramafic cumulate make it absolutely clear that the Eagle One deposit has formed in a magmatic conduit. No magma could have carried the observed amount of sulfide in solution, therefore the sulfides have been left behind by a through-going volume of magma much greater than what presently remains in the intrusion."

Dr. Mungall goes on to state "If the intrusion is accepted to be a conduit then it must be continuous over considerable distances likely measurable in kilometers. Since diamond drilling has shown that it is surrounded on all sides by older felsic intrusive rocks at surface, logic dictates that it must continue at depth. The prospects for continued extension of the mineralized body to depth are excellent, as long as it is not lost in a fault zone&. Although the rapid deepening of the conduit is somewhat discouraging, the presence of a weak magnetic feature south of the Eagle One deposit, that connects to the much more prominent magnetic feature to the south, may indicate that the plunge shallows at depth."

In conclusion and with reference to scope of the project he continues with "The origins of the sulfides are slightly problematic. It is generally accepted that in order to form a mass of immiscible sulfide liquid on the scale observed at Eagle One, a mafic or ultramafic magma must become contaminated by sulfide-rich crustal rock. At its present level of exposure the mineralized intrusion is entirely surrounded by sulfur-poor felsic intrusive rocks, leaving the origin of the required sulfide in doubt. I suggest that the presence of abundant magnetite-rich xenoliths in the intrusion records a previous episode of assimilation of iron formation, which has added sufficient sulfide to the magma to induce sulfide liquid saturation. The conduit has carried the slurry of sulfide droplets and small xenoliths to their current location, requiring transport over considerable distances. This in turn suggests that the Eagle One deposit resides within a large magmatic system with lateral extents at least as great as the distance to the nearest iron formation, which may be represented by the very prominent magnetic lineament to the south of the deposit."

Expanded program

Two drills have been working through the freeze up period on the Eagle One occurrence. The last fixed wing flight serviced the camp on November 2, the first fixed wing flight returned to the camp on November 30 to start the winter servicing of the base camp. The camp was serviced by two helicopters during the freeze up period, the second helicopter was released.

The new drill camp construction was completed by mid November, and is within walking distance to the Eagle One MMS occurrence and main drill area. The crews for the two drill-rigs moved to the new campsite by the second week of November. This move minimized the downtime due to weather and the helicopter not being able to service the drill for shift changes, however additional unacceptable problems with drill equipment were encountered during this recent period, which greatly affected the amount of drilling completed. To alleviate this problem in the future, two new drills have been contracted from a new drill service provider (Forage Orbit Garant) from Val D'Or Quebec, that are scheduled to arrive in mid January 2008.

Preliminary ground geophysical surveys are starting to be compiled and are currently being reviewed, focused on the Eagle One occurrence and its immediate surrounds. Linecutting and ground geophysics continues to the south and west of the Eagle One occurrence. The airborne survey contract awarded to Aeroquest International Limited using their helicopter mounted AeroTEM-2 system is well underway. Phase I was completed on November 26, for a total of 6,254 kilometers of flying. Participants in the collective airborne survey have been notified of the completion of Phase I, and those participants will be invited to review their information as soon as can be arranged. Phase II of the airborne survey started on November 27 focusing towards the north of the Phase I area, this phase starts just north of the McFaulds VMS occurrences and continues northward around the "Ring of Fire". It is anticipated that this phase will be completed prior to Christmas shutdown, then Phase III will begin in early January 2008.

On Site Quality Assurance / Quality Control Measures

The aforementioned assay and sample information, as well as geological descriptions are taken from drill logs as prepared by two site geologists for the drill program, Dr. Howard Lahti, P.Geo., of Fredericton, New Brunswick and Mike Kilbourne, geologist from Newmarket, Ontario. Billiken Management Services Inc. is providing all services on site for the Noront Double Eagle Project, from their base camp at McFaulds Lake. Billiken is a holder of Certificate of Authorization issued by the Association of Professional Geoscientists of Ontario.

All assay work and sampling procedures have been included in earlier news releases. Chain of Custody includes delivery to ALS Chemex Laboratory in Vancouver BC, where all samples undergo analysis using ALS Chemex assay procedure AA46 for nickel, copper and silver, and ICP24 for Au, Pt, and Pd. When samples received over-limit values they underwent further analysis using ALS Chemex assay procedure ICP27 (for gold, platinum and palladium), as well as GRA21 for gold. The reader is referred to: www.alschemex.com for details of these analytical procedures.

Independent Quality Assurance and Quality Control Protocol

Gold, platinum and palladium are assayed using fire assay on a 50 gram nominal sample weight with an ICP-AES finish. Nickel and copper are assayed using aqua regia (3-acid) digestion with either ICP-AES or AAS finish. A comprehensive QA/QC program has been implemented to monitor all assays on the Double Eagle Project. Samples are assembled in numbered batches of 77 samples, which equates to the number of client samples per furnace batch at ALS Chemex. Included in each batch of 77 samples are 4 certified reference material samples, 3 blank samples comprised of sterile drill core, and 4 field duplicate samples. This QC program was set up for Noront by Tracy Armstrong P.Geo, of P&E Mining Consultants Inc. ("P&E") of Brampton, Ontario. Ms. Armstrong is a qualified geologist in the Provinces of Ontario and Quebec. Assay results are being monitored on an on-going, real time basis for accuracy, contamination and precision by P&E. The current sample set will be reviewed by Ms. Armstrong once some additional batches are completed, and will be reported upon in a timely manner.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

This press release has been prepared by management of Noront Resources Ltd., and has been approved for dissemination by Neil Novak P.Geo., a director and recently appointed Vice President Exploration of Noront, being a Qualified Person under Canadian Securities guidelines.

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 118,354,582 shares issued to date.

Investors are invited to visit the Noront Resources IR Hub at www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS

R. Nemis, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



Contact:
Richard Nemis
Noront Resources Ltd.
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.norontresources.com


--------------------------------------------------------------------------------
Source: Noront Resources Ltd.

[_MountainDew]

http://www.agoracom.com/ir/Noront/messages/661857#message

Review of Press Release Data
Posted by: doublewide on December 13, 2007 11:45AM

Had a chance to plot and review all the intercepts reported. Here is my take on things:

My original grade estimates (prior to this news release) for intersections in holes 14, 15 and 16 were very close to what was reported in this release. That means the descriptions the geologists are giving for all the intersections are fairly consistent and we can use that to extrapolate the grades in some of the next holes. Particularly 17 and 18. I would now estimate hole 17 to return an intersection of around 1.5%Ni, 0.7%Cu over approx 80m. Hole 18 should be very good with better than 2% Ni, 1% Cu over 125m. Both these holes should have a high grade section that will be running in the 7% Ni range.

Hole 19 shouldn't be too spectacular (maybe 0.5% Ni over 15m)

Holes 20, 21 and 22 were all drilled under 19 and confirm that the mineralization continues to depth on this section however isn't going to be as good as the next section to the north (holes 16, 17, 18).

Holes 23 and 25 were drilled on same sectin as 17, 18. Hole 23 cuts off the deposit to depth. Hole 25 appears to have swung strongly to the south and didn't hit anything. This limits the southern extension of the deposit above 250m depth.

Hole 24 drilled across holes 1 and 2 and will just confirm that holes 1 and 2 were good.

Hole 27 was drilled between 7 and 8 and beside 5. Should get some very good numbers from this hole however it has not added any tonnes.

Taking all together, this release is good however the holes here have not added any tonnage potential and defiinitely suggest this lense is narrowing to the south.

Time to start drilling the new conductors.

[_MountainDew]

http://www.agoracom.com/ir/Noront/messages/662152#message

Today's NR
Posted by: pw on December 13, 2007 02:20PM


First, today's NR didn't immediately add any tonnage which short term investors and traders were looking for. This is due to several factors including infill holes needed for NI 43-101, the complexity of the mineral deposit body, the mechanical failures and other difficulties.

Having said that, there are some very significant new information and/or confirmation from today's NR.

- Rh content up to >1g/t. At 1g/t it would add $200 per tonne value to the ore. One of Rh's application is for the catalytic converters in our cars, and there is no great new find for Rh for a long time. Rh is currently listed as one of the U.S. strategic metals. The world annual production of Rh is 20 t, and our ore at Eagle 1, if optimistically contain 1g/t, 7 Mt of ore so far could mean 7 tonnes of Rh - a very significant figure indeed.

- James Mungall's geological analysis has attributed our current deposit to "reside within a large magmatic system". In other words, there must be a motherlode to be yet discovered.

- Mungall's report also confirms that this deposit "must be continuous over considerable distances likely measurable in kilometers" and he has pointed that the 2 km magnetic lineament south to the site is a favorable target for the mineral continuation.

The short term investors and traders won't care to understand the significance of the geological analysis, and the market reaction today reflected only that. The true potential of the Eagle One finding now has a geological support and this is big step forward from speculation.

The results from the new airborne survey, which has a 250 m effecitve depth, may be published soon. More assays, some may be execptionally good, could come in the next few weeks. Both could add some excitement to the investment community. But for those of you who are looking for the immediate tonnages only, the advancement probably won't come until Feb, when drilling resumes with new drills. And, I for one, would be prepared and expect further delays just like in any other mining development.

My conclusion, don't expect short term SP magic, but be here only to its true potential. Investors have different objectives, stragegy, and financial strength, so adjust your portafolio, if you have to, to reflect a realistic expectation.

~p

[_MountainDew]

http://www.seilnacht.com/Lexikon/45Rhodiu.html

http://de.wikipedia.org/wiki/Rhodium

[_MountainDew]

Homepage von J. Mungall:
http://www4.geology.utoronto.ca/faculty/mungall/Website/Mung…

Interessant wo er schon so war:

[...]After two years of experimental investigations of the transport properties of silicate melts at the Bayerisches Geoinstitut in Germany[...]
http://www.mineralogicalassociation.ca/index.php?p=2&page=Ja…

Auch alles sehr interessant:

http://www4.geology.utoronto.ca/faculty/mungall/Website/IGCP…




Viele Grüße

MountainDew

[_MountainDew]

http://www.agoracom.com/ir/McFaulds/messages/662301

MMS Geology McFaulds, Dr, Mungall, NOT news..
Posted by: johndefur on December 13, 2007 03:58PM


MMS Geology McFaulds, Dr. Mungall, NOT’s News…


I’m going to make this post short, as I understand some of you can’t take in all this geological terminology…


I would first like to point out just what an economic grade is for Nickel…Voisey’s Bay, which is often compared with McFaulds only contained 1.57& Ni overall average, and 2.6% Cu, 0.10Co and NO PGEs !!! Lingshuan deposit in China only contains less/about 1% Ni on average…Even in Sudbury, deposits like McCreety only contain 0.27% Ni, 1.1% Cu and PGEs…So these “expectations” games of a minimum of 5% Ni etc, that are being played by some with NOT/McFaulds are outrageous to say the least…The total tonnage for NOT’s deposit will include all rocks that contain Nickel to a cut off grade of about 0.20%...This amount of rock is then added to the 6 to 7% Ni rocks, to make out an average % of Ni…It’s too early to make any determination of the exact average, But I would guess the average % for NOT would be about 1.75% Ni, which would be OUTSTANDING !!...


I believe that NOT’s News today was Fabulous…they are consistently hitting very good grades in massive and semi massive sulfides, and as well are expanding their tonnage reserves with the bit lower grade portions…One of the most important FACTS released today was the Rhodium content…although It does not seem a lot at first, but when one considers that just ½ gram of Rhodium adds $100 to the value of the rock, and I believe some samples gave 1 gram per tom…I have/had been saying that McFaulds hold tremendous potential for PGEs…especially the SPQ/FWR optioned claims

With their layered peridotite Chromium and PGEs including Rhodium, which will be drilled in a few weeks…


Dr. Mungall…and Geology…


Dr. Mungall has in fact confirmed today, most all of the suggestions/ideas I submitted in my previous posts on Genesis theories at McFaulds, starting with the NOT deposit being formed in Magma “conduits” or passageways wherein much greater LARGER volumes of Magma had already flown…He also confirmed that these greater LARGER volumes of Magma arose out of much deeper parent Magmas, which would be indicative of a much more laterally extensive deposit, Kms in length as well as a much deeper vertical deposit…


He does however have his own theories on the origin of the sulfur involved in formation of the sulfide deposit…I would like to point out, that this is really of no importance at all, it is mearly and academic point, since the sulfides found are a matter of FACT, and not really important as to their source..


There are many theories about the source of the sulfur, and I prefer Dr. A. Naldrett’s theory of “felsification”…But again this is just a matter of academics, and means nothing to NOT’s deposit , since the sulfides are there as a FACT…he goes to give his views on the thee sulfur originating from a Iron/magnetite source, and points out that since there exists one farther away, so NOT’s deposit extends much further…the most important issues such as the LARGE volumes of Magma necessary to produce these very rich sulfides deposits in these conduits, makes it probable that these Magmas came from much deeper levels, and extended laterally for many Kms.. He does in fact confirm this , and that NOT’s deposit resides in a Large Magmatic system that extends laterally as well as vertically to depth…


So in conclusion, this preliminary Geology report is superb news for NOT and McFaulds, and gives some evidence for the tremendous potential for NOT deposit and its extensions at McFaulds…


IMCO, as usual…


JD

[Fantomas96]

Das war eine Woche, wie ich sie so nicht erwartet hatte:

eigentlich sehr gute News von Double Eagle, aber der Markt hat dies nicht honoriert (generelle Marktsituation, keine signifikante neue Tonnage bei DE, aber sehr guter Ausblick).

Es ist schon enttäuschend, wenn man diese Entwicklung so sieht, aber wer hier länger investiert bleiben will, wird sicherlich entsprechend belohnt werden, durch diese schwierige Zeit an den Papieren festgehalten zu haben.

Damit wir mal etwas von der pessimistischen Seite wegkommen, während wir auf den "barnburner" # 18 warten, hier mal ein Posting mit aktuellen (7 Mio. Tonnen bei 300m strike lenght, $ 800/t) und optimistischen (46 Mio. Tonnen bei 2000m strike lenght, $ 900/t mit Rhodium) Kalkulationen. Wieviel % der in-situ-value ihr ansetzen wollt (10-40%), könnt ihr selbst aus der Tabelle entnehmen (die Formatierung funktioniert hier nicht, daher im Original-Posting auf Agoracom nachsehen, s.u.):

http://www.agoracom.com/ir/Noront/messages/663538#message


Sleeping Tight in a Cool Rh Light
Posted by: slidog on December 14, 2007 03:11PM


Occasionally I have a hard time sleeping when the stock price has a negative response to killer awesome news. So I created this little summary to keep my nerves strong while holding my NOT shares long.


First there is the issue of known ore body size – thankfully at the last Richmond Club meeting we were given some insight into what would be some reasonable numbers (it would be great to get Rockaurs input this):


Ore body dimensions – oval with major and minor axis of 120m and 45m respectively.


This coupled with the statement (forgive me if this is not the exact wording) “if this were to extend for 300m we would have 7Mt of ore”, and in this same context stating that value of this ore would be $800/ton. By doing some simple math you can determine that the ore body density that they are using is 5500 kg/cu.m.


I really like to look at companies with respect to their insitu value of the ore in the ground. Using the metric of buying the stock at less than 10% insitu value and selling above 40% insitu value (some ubber experienced investor person came up with this and I happened to apply it to my investments).


OK now that you see where my baseline numbers came from lets put this into play.


First the baseline:


Insitu Value Company Value Share Price
Ore Body (Tons) 6,997,898
$ in ore Body $5,598,318,109 0.10 $559,831,811 $4.74
Shares 118,000,000 0.15 $839,747,716 $7.12
Rock per Tonne $800 0.20 $1,119,663,622 $9.49
0.25 $1,399,579,527 $11.86
E1 Oval 0.30 $1,679,495,433 $14.23
length (m) 120 0.35 $1,959,411,338 $16.61
width (m) 45 0.40 $2,239,327,243 $18.98
Distance (m) 300
Density (kg/cu.m) 5,500.0
Volume (cu.m) 1,272,345
Mass (Tonne) 6,997,898

Not to unreasonable given our current trading range.


Now the fun part – lets add in a conservative $100/ton for the Rhodium AND ore body length that “is measured in kilometers”. I have heard/read the 2 km length being tossed about so lets use that.

Insitu Value Company Value Share Price

Ore Body(Tons) 46,652,651
$ in ore Body $41,987,385,815 0.10 $4,198,738,582 $35.58
Shares 118,000,000 0.15 $6,298,107,872 $53.37
Rock per Tonne $900 0.20 $8,397,477,163 $71.17
0.25 $10,496,846,454 $88.96
E1 Oval 0.30 $12,596,215,745 $106.75
length (m) 120 0.35 $14,695,585,035 $124.54
width (m) 45 0.40 $16,794,954,326 $142.33
Distance (m) 2000
Density (kg/cu.m) 5,500.0
Volume (cu.m) 8,482,300
Mass (Tonne) 46,652,651

WOW!!!


Now “IF” these type of numbers (2 km ish) are to be achieved it will certainly take time, and require lots of sleep (on my part).


So now you all know that when Crazydik’s snoring gets to loud and wakes me up, I plug in the latest numbers that I can find support for – breath a big sigh and drift back into a deep slumber while watching a full Rhodium moon set behind the silhouette of our master Geo Richard Nemis.


Hope this helps some of you sleep a little better over the Christmas season – Long (yawn) and strong on NOT – can hear those Platinum bells jinglen’?


SD



Gruß,
Fantomas

[_MountainDew]

Antwort auf Beitrag Nr.: 32.772.357 von Fantomas96 am 15.12.07 00:08:50

Hallo Fantomas,

schön wieder von dir zu lesen.
Ebenso die optimistischen Berechnungen von "slidog".

Wie ist eigentlich deine Einschätzung bzgl. des Berichtes von Mungall?

Vor allem auch folgenden Abschnitt konnte ich nicht richtig einschätzen:

"Although the rapid deepening of the conduit is somewhat discouraging, the presence of a weak magnetic feature south of the Eagle One deposit, that connects to the much more prominent magnetic feature to the south, may indicate that the plunge shallows at depth."

Viele Grüße
MountainDew

[Fantomas96]

Antwort auf Beitrag Nr.: 32.773.372 von _MountainDew am 15.12.07 12:40:21

Hallo _MountainDew:

Wie ist eigentlich deine Einschätzung bzgl. des Berichtes von Mungall?


Dr. James Mungall, ein ausgewiesener Spezialist für MMS Deposits (Magmatic Massive Sulphide Deposits), bestätigt mit seinen Aussagen die Theorie, daß es sich bei Double Eagle um ein solches handelt.
Das bedeutet, daß die gefundenen Erze in dem Vorkommen durch magmatische Kanäle geflossen sind, die aus dem Erdinneren an die Oberfläche gelangt sind und sich dann mehr oder weniger horizontal (durch entsprechende Erkaltung) ausgebreitet haben und Kammern bilden. Mit weiteren Ablagerungen (Erosion) sind dann diese Kanäle und Kammern teilweise dicht unter der heutigen Oberfläche oder in größeren Tiefen.

Dr. Mungall führt aus, daß die Sulphide bereits da waren und nur durch die an die Erdoberfläche dringende Magma verdrängt worden sind und die Sulphide dann in den Kanälen und Kammern zurückblieben.
Die Theorie der Magma-Kanäle führt damit zu der Vermutung, daß Eagle One nur ein, in eine magmatische Kammer gelangtes Erzvorkommen ist. Diese Kammer ist quasi die \"Endstation\" eines Magma-Kanals nahe unter der Erdoberfläche. Dieser Kanal hat aber seinen Ursprung woanders, also sowohl eine horizontale, wie auch vertikale Ausdehnung ist wahrscheinlich. Vielleicht befinden sich in seinem Verlauf auch weitere Kammern, die weitere Konduktoren in der elektromagnetischen Bodenuntersuchung darstellen könnten.
Auf diese Suche macht sich Noront gerade mit den Bohrungen.

Hierzu nochmal die Karte, die den möglichen Verlauf der Kanäle aufzeigt und bei starken elektromagnetischen Anomalien auf weitere Kammern hinweisen könnte:



Daher auch die Vermutung, daß man weitere Vorkommen im Verlauf dieser Trendlinie finden könnte.

Zunächst einmal merkt Dr. Mungall an, daß Double Eagle gute Chancen für eine weitere Fortsetzung in der Tiefe hat und über eine größere horizontale Ausweitung (mehrere Kilometer) verfügen kann (\"it must be continuous over considerable distances likely measurable in kilometers\" und \"The prospects for continued extension of the mineralized body to depth are excellent\").

Dies ist sehr positiv für Noront !

Zu der Aussage von Dr. Mungall, daß der Kanal von DE nach Süden schnell in die Tiefe verläuft (\"somewhat discouraging\"), führt er aber weiter aus, daß der nächste Konduktor im Süden schwächer ist (was auf größere Tiefe des Deposits hindeutet) danach aber wieder ein stärkerer Konduktor im Süden folgt (die Tiefe wieder mindestens gleichbleibend oder verringernd ist : \"the plunge shallows at depth\").

Das \"Tiefenproblem\" stört mich nicht, da wir hier über bisher max. 300 Meter reden, da sollte ein Abbau locker noch ökonomisch machbar sein (in Sudbury wird bereits bis in über 2000 Meter Tiefe gefördert).
Viel wichtiger finde ich die Bestätigung, daß wir es hier mit einem kontinuierlichen horizontalen Verlauf in Kanälen (conduits) eines Deposits über eine Länge von mehreren Kilometern zu tun haben könnten, das über mehrere Kammern (pods) verfügt, die anhand von elektromagnetischen Anomalien lokalisiert werden können.

Das könnte die in meinem Posting # 521 vom 03.12.07 beschriebene Vermutung bestätigen, daß wir hier noch einiges von den weiter südlich gelegenen Noront-Claims erwarten dürfen.

Dazu nochmal der mögliche Verlauf der Kanäle und die möglichen weiteren Kammern (B und C) anhand der Übersichtskarte von Kaiser:




Die nächsten Drillergebnisse (vor allem #18, nettes Logo für den Barnburner, MountainDew) sollten Eagle One weitere Tonnage zuschreiben, richtig interessant wird es aber mit dem Drilling der beiden anderen Anomalien.
Sollten die ersten Ergebnisse dort ebenfalls positiv sein, wird ein weiteres Kapitel in Richard´s Buch aufgeschlagen.

Ich warte auf die Veröffentlichung.

Ein schönes Wochenende und auf eine schöne Vorweihnachtswoche mit einem Geschenk von Richard zum Fest.

Gruß,
Fantomas

[_MountainDew]

Antwort auf Beitrag Nr.: 32.779.043 von Fantomas96 am 16.12.07 01:18:42

Hallo Fantomas,

vielen Dank für deine super Erklärung! Jetzt verstehe ich vieles besser und habe ein klareres Gesamtbild vor mir.
(Du solltest bei Noront als IR-Manager für den deutssprachigen Raum anheuern )

PS: Ich finde so ein "Barnburner" passt wunderbar zum "Ring Of Fire". Mal sehen ob Barnburner #18 den Ring wieder "on fire" setzt.

Auf eine schöne Woche

MountainDew

[Fantomas96]

http://www.agoracom.com/ir/Noront/messages/665421#message



Eagle 1 hole core valuations....

Posted by: BullyBoy on December 17, 2007 12:41AM


Here are some quick calculations which include the non-mineralized materials incorporated in the tonnage estimates. These non-mineralized materials will not be processed and will not be calculated into the final tonnage figures, but to illustrate a “contrarian” version I have included them for this exercise. I have included all assayed cores as they are broken down, and assigned the appropriate percentage of value to each assayed section per total core length. All sections have been added together to give a hole value. No rhodium has been calculated into the cores as no rhodium assays are yet available, but should add value to each hole when assays are available (no speculation inferred). Prices are based on current mineral prices and are “gross metal values” in USD from:

http://www.caseyresearch.com/ rock calculator…

Hole #1 127 m length total including non-mineralized divided by 71 m mineralize = 55% of total length including 36meters assayed “A” (28%) and 35 meters assayed “B” (27%) including:

“A” 1.84% Nickel @ 477.86

“A” 1.53% Copper @ 98.16

“A” 1.14 g/t Platinum @ 54.06

“A” 3.49 g/t Palladium @ 39.50

“A” 0.13 g/t Au @ 3.32

“A” 4.8 g/t silver @ 2.13

“B” 0.4% Nickel @ 103.88

“B” 0.19% Copper @ 12.19

“B” 0.24 g/t Platinum @ 11.38

“B” 0.74 g/t Palladium @ 8.37

“B” 0.06 g/t Au @ 1.53

“B” 1.0 g/t silver @ 0.44

Total “A” @ 576.01 per ton X 28% = 161.28 + “B” @ 137.80 per ton X 27% = 37.20 per ton = Sub total 198.48

Hole #2, 177 m length total including non-mineralized divided by 112 m mineralize = 58% of total length plus 28 meters “A” (16%), 58 meters “B” (28%) and 29 meters “C” (14%) of mineralized length including:

“A” 1.88% Nickel @ 488.24

“A” 1.16% Copper @ 74.42

“A” 0.99 g/t Platinum @ 46.95

“A” 3.16 g/t Palladium @ 35.76

“A” 0.13 g/t Au @ 3.32

“A” 4.1 g/t silver @ 1.82

“B” 2.02% Nickel @ 524.60

“B”1.40% Copper @ 89.82

“B”1.00 g/t Platinum @ 47.42

“B” 3.27 g/t Palladium @ 37.01

“B” 0.14 g/t Au @ 3.57

“B” 5.3 g/t silver @ 2.36

“C” 1.65% Nickel @ 428.51

“C” 0.7% Copper @ 44.91

“C” 0.96 g/t Platinum @ 45.53

“C” 2.97 g/t Palladium @ 33.61

“C” 0.09 g/t Au @ 2.30

“C” 1.7 g/t silver @ 1.10

Total “A” @ 1325.52 per ton X 16% = 212.08 + “B” @ 1379.78 per ton X 28% = 386.34 + “C” @ 1230.96 per ton X 14% = 172.33 = Sub total 770.75

Hole #5, 125 m length total including 7 meters non-mineralized divided by 117 m mineralize = 94% of total length plus 46 meters “A” (37%), 68 meters “B” (54%) and 3 meters “C” (3%) of mineralized length including:

“A” 4.1% Nickel @ 1064.79

“A” 2.2% Copper @ 141.14

“A” 2.09 g/t Platinum @ 99.11

“A” 7.13 g/t Palladium @ 80.69

“A” 0.42 g/t Au @ 10.72

“A” 6.3 g/t silver @ 2.80

“B” 5.9% Nickel @ 1532.26

“B” 3.1% Copper @ 198.88

“B” 2.87 g/t Platinum @ 136.10

“B” 9.78 g/t Palladium @ 110.68

“B” 0.61 g/t Au @ 15.57

“B” 8.5 g/t silver @ 3.78

“C” 8.65% Nickel @ 639.50

“C” 10.9% Copper @ 104.94

“C” 40.79 g/t Platinum @ 46.75

“C” 14.57 g/t Palladium @ 39.81

“C” 9.39 g/t Au @ 3.63

“C” 8.7 g/t silver @ 2.48

Total “A”@ 1399.26 per ton X 37% = 517.72 + “B” @ 1997.27 per ton X 54% = 1078.53 + “C” @ 5288.58 per ton X 3% = 158.66 = Sub total 1754.91

Hole #7, 124 m length total including non-mineralized divided by 51 m mineralize = 41% of total length plus 3 meters “A” (2%), 14 meters “B” (11%) and 3 meters “C” (2%) 14 meters “D” (11%), 20 meters “E” (16%) of mineralized length including:

“A” 0.6% Nickel @ 155.82

“A” 1.25% Copper @ 80.19

“A” 0.68 g/t Platinum @ 32.25

“A” 2.58 g/t Palladium @ 29.20

“A” 0.07 g/t Au @ 1.79

“A” 4.1 g/t silver @ 1.82

“B” 6.27% Nickel @ 1628.35

“B” 2.47% Copper @ 158.46

“B” 5.92 g/t Platinum @ 280.74

“B” 16.21 g/t Palladium @ 183.45

“B” 0.24 g/t Au @ 6.13

“B” 8.3 g/t silver @ 3.69

“C” 8.46% Nickel @ 2197.10

“C” 3.02% Copper @ 193.75

“C” 22.15 g/t Platinum @ 1050.41

“C” 22.42 g/t Palladium @ 253.73

“C” 0.17 g/t Au @ 4.34

“C” 10.17 g/t silver @ 4.52

“D” 6.31% Nickel @ 1638.74

“D” 2.42% Copper @ 155.25

“D” 0.4 g/t Platinum @ 23.71

“D” 8.71 g/t Palladium @ 98.46

“D” 2.63 g/t Au @ 67.15

“D” 8.0 g/t silver @ 3.56

“E” 0.45% Nickel @ 116.87

“E” 0.17% Copper @ 10.91

“E” 1.29 g/t Platinum @ 61.17

“E” 1.15 g/t Palladium @ 13.01

“E” 0.06 g/t Au @ 1.53

“E” 1.11 g/t silver @ 0.49

Total “A”@ 301.07 per ton X 2% = 6.02 + “B” @ 2260.82 per ton X 11% = 248.69 + “C” @ 3703.84 per ton X 2% = 74.08 + “D” @ 1986.91 per ton X 11% =218.56 + “E” @ 203.99 per ton X 16% = 32.64 = Sub total 579.99

Hole #9, 89 m length total including non-mineralized divided by 46 m mineralize = 52% of total length plus 3 meters “A” (3%), 17 meters “B” (19%) and 2 meters “C” (2%) 5 meters “D” (5%), 19 meters “E” (21%) of mineralized length including:

“A” 0.06% Nickel @ 15.58

“A” 0.01% Copper @ 0.64

“A” 0.04 g/t Platinum @ 1.90

“A” 0.09 g/t Palladium @ 1.02

“A” 0.01 g/t Au @ 0.26

“A” 0.0 g/t silver @ 0.00

“B” 4.82% Nickel @ 1251.78

“B” 3.87% Copper @ 248.28

“B” 1.02 g/t Platinum @ 48.37

“B” 14.78 g/t Palladium @ 167.27

“B” 0.27 g/t Au @ 6.89

“B” 11.3 g/t silver @ 5.02

“C” 0.06% Nickel @ 15.58

“C” 0.28% Copper @ 17.96

“C” 0.3 g/t Platinum @ 14.23

“C” 0.14 g/t Palladium @ 1.58

“C” 0.07 g/t Au @ 1.79

“C” 0.0 g/t silver @ 0.00

“D” 8.3% Nickel @ 2155.55

“D” 2.01% Copper @ 128.95

“D” 0.14 g/t Platinum @ 6.64

“D” 11.53 g/t Palladium @ 130.49

“D” 0.23 g/t Au @ 5.87

“D” 5.1 g/t silver @ 2.27

“E” 0.51% Nickel @ 132.45

“E” 0.31% Copper @ 19.89

“E” 0.34 g/t Platinum @ 16.12

“E” 0.84 g/t Palladium @ 9.51

“E” 0.06 g/t Au @ 1.53

“E” 0.5 g/t silver @ 0.22

Total “A”@ 19.39 per ton X 3% = 0.39 + “B” @ 1727.61 per ton X 19% = 328.25 + “C” @ 51.14 per ton X 2% = 1.02 + “D” @ 2429.76 per ton X 5% =121.49 + “E” @ 179.72 per ton X 21% = 37.74 = Sub total 488.89

Hole #11, 76 m length total including non-mineralized divided by 18 m mineralize = 23% of total length including 6 meters assayed “A” (8%), 2 meters assayed “B” (2%), 9 meters assayed “C” (12%) and 1 meters assayed “D” (1%) including:

“A” 2.27% Nickel @ 589.53

“A” 1.56% Copper @ 100.08

“A” 1.03 g/t Platinum @ 48.85

“A” 4.88 g/t Palladium @ 55.23

“A” 0.11 g/t Au @ 2.81

“A” 4.3 g/t silver @ 1.91

“B” 7.11% Nickel @ 1846.50

“B” 4.82% Copper @ 309.22

“B” 2.53 g/t Platinum @ 119.98

“B” 14.65 g/t Palladium @ 165.79

“B” 0.19 g/t Au @ 4.85

“B” 14.0 g/t silver @ 6.23

“C” 1.49% Nickel @ 386.96

“C” 0.86% Copper @ 55.17

“C” 0.85 g/t Platinum @ 40.31

“C” 3.88 g/t Palladium @ 43.91

“C” 0.07 g/t Au @ 1.53

“C” 2.7 g/t silver @ 1.20

“D” 7.37 Nickel @ 1914.02

“D” 4.43% Copper @ 284.20

“D” 1.08 g/t Platinum @ 51.22

“D” 18.1 g/t Palladium @ 203.82

“D” 0.22 g/t Au @ 5.62

“D” 13.0 g/t silver @ 5.78

Total “A” @ 798.40 per ton X 8% = 63.87 + “B” @ 2452.57 per ton X 2% = 49.05 + “C” @ 529.34 per ton X 12% = 63.52 + “D” @ 2465.68 per ton X 1% = 24.66 per ton = Sub total 201.10

Hole #12, 176 m length total including non-mineralized divided by 94 m mineralize = 55% of total length including 32 meters assayed “A” (18%), 53 meters assayed “B” (30%) and 10 meters assayed “C” (6%) including:

“A” 3.19% Nickel @ 828.46

“A” 1.35% Copper @ 86.61

“A” 1.53 g/t Platinum @ 72.56

“A” 5.78 g/t Palladium @ 65.41

“A” 0.15 g/t Au @ 3.83

“A” 4.4 g/t silver @ 1.96

“B” 0.47% Nickel @ 122.06

“B” 0.25% Copper @ 16.04

“B” 0.35 g/t Platinum @ 16.60

“B” 1.06 g/t Palladium @ 12.00

“B” 0.11 g/t Au @ 2.81

“B” 0.6 g/t silver @ 0.27

“C” 6.99% Nickel @ 1815.33

“C” 1.54% Copper @ 98.80

“C” 2.61 g/t Platinum @ 123.77

“C” 10.07 g/t Palladium @ 113.96

“C” 0.15 g/t Au @ 3.83

“C” 5.21 g/t silver @ 2.32

Total “A” @ 1058.82 per ton X 18% = 190.59 + “B” @ 169.77 per ton X 30% = 50.93 + “C” @ 2158.01 per ton X 6% = 129.48 = Sub total 371.00

Hole #14, 110 m length total including non-mineralized divided by 64 m mineralize = 58% of total length including 7 meters assayed “A” (6%), 4 meters assayed “B” (3%), 24 meters assayed “C” (22%) and 30 meters assayed “D” (28%) including:

“A” 0.41% Nickel @ 106.48

“A” 0.15% Copper @ 9.62

“A” 0.23 g/t Platinum @ 10.91

“A” 0.94 g/t Palladium @ 10.64

“A” 0.06 g/t Au @ 1.53

“A” 0.0 g/t silver @ 0.00

“B” 7.45% Nickel @ 1934.80

“B” 3.43% Copper @ 220.05

“B” 5.0 g/t Platinum @ 237.11

“B” 9.1 g/t Palladium @ 102.99

“B” 0.12 g/t Au @ 3.06

“B” 0.0 g/t silver @ 0.00

“C” 2.04% Nickel @ 529.80

“C” 1.19% Copper @ 76.34

“C” 1.48 g/t Platinum @ 70.19

“C” 4.3 g/t Palladium @ 48.66

“C” 0.17 g/t Au @ 4.34

“C” 0.0 g/t silver @ 0.00

“D” 0.59 Nickel @ 153.23

“D” 0.28% Copper @ 17.96

“D” 0.37 g/t Platinum @ 17.55

“D” 1.18 g/t Palladium @ 13.35

“D” 0.1 g/t Au @ 2.55

“D” 0.0 g/t silver @ 0.00

Total “A” @ 139.18 per ton X 6% = 8.35 + “B” @ 2498.01 per ton X 3% = 74.94 + “C” @ 729.33 per ton X 22% = 160.45 + “D” @ 204.64 per ton X 28% = 57.30 per ton = Sub total 301.04

Hole #16, 134 m length total including non-mineralized divided by 41 m mineralize = 30% of total length including 28 meters assayed “A” (21%) and 13 meters assayed “B” (10%) including:

“A” 0.57% Nickel @ 148.03

“A” 0.5% Copper @ 32.08

“A” 0.47 g/t Platinum @ 22.29

“A” 1.5 g/t Palladium @ 16.98

“A” 0.17 g/t Au @ 4.34

“A” 1.5 g/t silver @ 0.67

“B” 2.4% Nickel @ 623.29

“B” 1.55% Copper @ 99.44

“B” 2.63 g/t Platinum @ 124.72

“B” 5.1 g/t Palladium @ 57.72

“B” 0.12 g/t Au @ 3.06

“B” 4.5 g/t silver @ 2.00

Total “A” @ 224.38 per ton X 21% = 47.12 + “B” @ 910.23 per ton X 10% = 91.02 per ton = Sub total 138.14

As previously stated these estimates include the non-mineralized portions of the cores as well as the mineralized sections. Removing the non-mineralized sections will increase value (per ton), but also reduce total tonnage as claimed by some calculations. Holes 8 and 10 were omitted as the results were nominal. These figures only reflect drill core values, and more “fill in” holes will be needed to access the correct Eagle 1 valuation.

Comments and corrections are welcomed, hopefully translated all figures from assays correctly (it’s late)…hope this helps…

P.S. Anyone that states that speculation does not figure into stock pricing, is full of **it. Stocks are all about and only about speculation, be it earnings from manufacturing and/or services, dividends or mining exploration potential. Valuation is a base line; stock value is based on valuation plus perceived potential. NOT has the perceived potential, let them hit another “pod” and see what happens to the stock price and it will not add any valuation but it will certainly increase speculation and stock price with it…

IMHO

BullyBoy



Gruß,
Fantomas

[Fantomas96]

ACHTUNG: $ 4,00 in Sicht, $ 4,00 in Sicht !!!


Ho, ho, ho : süßer die Glocken nicht klingen, als zu der Weihnachtszeit....


Wir kommen wieder mal in den kritischen Preisbereich um $ 4,00 und ich lasse die (Alarm)Glocken klingen für alle Nicht-Investierten und die, die eine gute Möglichkeit zum Nachlegen suchen, denn es ist wieder "Buying-Time" !
Wer hat noch nicht, wer will nochmal ?


Es ist zwar traurig, aber trotz stark verbesserter Situation nach dem letzten NR ist Noront mal wieder zu Ausverkaufspreisen (Wachstumsangst dank Subprime, Tax-selling-season, Year-end-portfolio-clearance etc.) zu haben.

Aber nicht mehr lange !

Ich hoffe, jeder der noch nicht investiert ist, hat genug Pulver, um einzusteigen. Ich werde auf jeden Fall weiter um $ 4,00 VERTEUERN, denn für mich sind das Schnäppchenkurse.

Aber macht Euch ein eigenes Bild.

Gruß,
Fantomas (der, der immer noch auf sein Weihnachtsgeschenk wartet).

[Pabella]

Antwort auf Beitrag Nr.: 32.797.826 von Fantomas96 am 18.12.07 00:01:36

Deine Geschenke sind auf dem Wege, ob die 4€ dabei sind kann ich nicht sagen.
Herzlichen Dank für deine Bemühungen und Recherchen!

[Boersenkrieger]

Antwort auf Beitrag Nr.: 32.797.826 von Fantomas96 am 18.12.07 00:01:36

naja derzeit wird alles gerupft wo explorer draufsteht.
klare kaufzeit wann auch immer. die kurse von jetzt werden wir locker überflügeln. wohin das geht erstmal weiss man nicht.
eine solarworld fiel in der 2000 depression von 6 auf 0,25 bevor sie die 45 erreichte (also nornt erst auf 0,25 vor der 45... wer hat sie dann noch von euch feiglingen )
von daher hab ich schon respekt von dem jetzigen treiben, wenn auch der positive ausgang sehr klar erscheint (bringt aber nix wenn man vorher nen herzinfarkt bekommt )

meine strategie ist klar... ich rechne mit höheren kursen und lasse einiges fallen und kaufe immer wieder nach... ist ok da ich relativ günstig eingestiegen bin im allgemeinen (norront bei knapp über 1 € bei anderen oft ähnlich gut bis aber auch -50% )

[Fantomas96]

http://www.agoracom.com/ir/Noront/messages/668246#message


Re: Thank you!

Posted by: donypee on December 18, 2007 03:49PM

In response to: Re: Thank you! by weasel


As Richard Nemis told me on Friday, "we are just getting started".

After a short discussion with him I am loaded, my wife is loaded and my friends are loaded.

Thats how sure I am.

I did not know that Spider is in the same office. Why was I kept in the dark about this????...

Big meeting was going on at Noront on Friday. Didn't get a look at any faces as they were in a room or office. The guys who have been there will know. The meeting was through the door right past where the secretary sits. I walked in and he came out of the meeting to go to his office for a personal call. I tried to listen but I'm deaf in one ear.lol Didn't want to be too obvious....

Probably suits and Geos by the garb and weathered hands.

After his call I had a chat with him for a short while.

I walked away with one message. "there is much much more to come".....Don


Gruß,
Fantomas

[Fantomas96]

Falls Worte nicht helfen, hier mal wieder ein paar Bilder von Eagle One (es wächst und gedeiht):


http://www.agoracom.com/ir/Noront/messages/669966#message


WESTANSICHT





NORDANSICHT





AUFSICHT





X- sections
Posted by: Rockaur on December 19, 2007 02:45PM


Guess I chose the wrong time to be away from my computer... Well it looks like a combination of drill trouble and lousy ground ( dykes / faults ) as we head south.

Again here's a disclaimer regarding having access (same as you) to only a minimal data set. I'd love to have detailed geophysics data, holes logs, drill hole deviation data .... (just as an example I put on hole #25 (real and in lite blue - a possible deviation)

As I have it...looks like the orebody may be bifurcating towards the south - southeast

Rockaur



Gruß,
Fantomas

[Broker_Hans]

Antwort auf Beitrag Nr.: 32.821.469 von Fantomas96 am 20.12.07 00:32:00

Es wächst und gedeiht aber der Aktie ist im freien Fall habe alles richtig gemacht.

[Fantomas96]

Antwort auf Beitrag Nr.: 32.821.656 von Broker_Hans am 20.12.07 02:04:15

Herzlichen Glückwunsch, Hans !

Was machen Deine anderen James-Bay-Investments ?

Gruß,

Fantomas

[Fantomas96]

http://www.agoracom.com/ir/Noront/messages/671781#message


Soooooo..... anyone got any good jokes?
Posted by: snezzer on December 20, 2007 02:05PM


I've got one:

A man buys a lot of Noront shares at well under a buck per share. He watches the shareprice rocket to just over $7 but doesn't sell. He only continues to watch - like an idiot - as the shareprice slowly trickles back down to $4.

Funny, eh? NOT.

Well, that man's name is Snezzer. And I'm guessing there are a lot of jokes like this one around here.

But here's the funniest part... the joke's not over!!!

The punchline goes something like this:

The man knew that NOTHING had changed with the FUNDAMENTALS of the company. His belief in the POTENTIAL of the Comany's WORTH was NOT diminished. In fact, it was increased over time. The man wished he would've sold at $7 and bought at $4, but the man was too stupid to know how to do that properly. So, he left his investment where it was (because he didn't need that money to live on each day) and in the coming months and years the NOT shareprice skyrocketed. Then the man sold a bunch of his shares and he bought himself a house.

Now THAT's a good joke.

Me-he-herry Christmas.

~snezzer



Gruß,
Fantomas

[Broker_Hans]

Antwort auf Beitrag Nr.: 32.833.741 von Fantomas96 am 21.12.07 00:38:24

Habe nur noch UC

[Fantomas96]

Antwort auf Beitrag Nr.: 32.833.901 von Broker_Hans am 21.12.07 02:15:23

Ach,wirklich ?
Sind die nicht "im freien Fall" ????

Wieso hälst Du UC noch und hast Noront verkauft ?
Würde mich echt interessieren.

Gruß,
Fantomas

P.S. Ich halte aktuell NOT,FWR,SPQ,UC,BMK und FNC in dieser Reihenfolge gewichtet (und MGR für Windfall) als Area Plays (solange, bis man weiß, was James Bay wirklich ist) und habe in den letzten Tagen mehrfach NOT nachgekauft.

[kaliho]

NEWS!!!!

[franz991]

Noront Provides Double Eagle Update
12/21/2007

MOST RECENT ASSAYS CONTINUE TO RETURN HIGH GRADE MINERALIZATION

TORONTO, ONTARIO, Dec 21, 2007 (MARKET WIRE via COMTEX News Network) --
Noront Resources Ltd. ("Noront")(TSX VENTURE: NOT) is pleased to announce further progress of the diamond drilling and geophysical program, as well as recently received assay results on its 100%-owned Eagle One occurrence within Noront's Double Eagle Project in the McFauld's Lake Area of northeastern Ontario. "The Eagle One occurrence continues to display consistent high grade intersections of Nickel, Copper, Platinum and Palladium over quite impressive widths. The southerly stepout assay results in hole 19 confirms that the Ni-Cu-PGE sulphide zone continues within the southerly striking peridotite filled conduit. We will keep on tracing this to the south and to depth after the Christmas break." states Richard Nemis, President and CEO of Noront.

HIGHLIGHTS

- NOT-07-17 encountered the main mineralized zone between 96.5 meters and 177.5 meters downhole that over 81 meters averaged 0.77% Cu, 1.55% Ni, 0.91 g/t Pt, 2.97 g/t Pd, 0.13 g/t Au and 3.1 g/t Ag including a 7.5 meter wide massive sulphide intersection that averaged 1.54% Cu, 6.81% Ni, 2.17 g/t Pt, 6.62 g/t Pd, 0.15 g/t Au and 6.12 g/t Ag.

- NOT-07-18 intersected mineralization between 105.2 meters and 230 meters, however due to lab delays, the semi-massive to massive sulphide section from 215 to 230 is not yet available. A 59.2 meter zone of net textured sulphides between 132.5 meters and 191.7 meters averaged 0.93% Cu, 1.84% Ni, 1.28 g/t Pt, 3.15 g/t Pd, 0.45 g/t Au and 3.9 g/t Ag followed by a 23.3 meter wide semi-massive to massive sulphide mineralized zone that averaged 1.52% Cu, 2.7% Ni, 2.02 g/t Pt, 5.86 g/t Pd, 0.15 g/t Au and 4.97 g/t Ag.

- NOT-07-19 encountered the main mineralized zone between 104.2 meters and 110.8 meters over a drill intersection of 6.6 meters that averaged 0.63% Cu, 2.32% Ni, 1.13 g/t Pt, 3.93 g/t Pd, 0.06 g/t Au and 3.01 g/t Ag. This 37.5 meter stepout to the south is quite encouraging as the grade remains consistent.

- The on-going Aero-Tem-2 airborne geophysics is near completion. Other anomalies within 5 kilometers of Eagle One have been identified with similar geophysical expressions. These are high priority targets and will be drill tested in the New Year. Two new drills have been contracted and are scheduled to arrive in mid January 2008.

New drill hole data (assays received)------------------------------------------------------------------------Hole from to int Cu Ni Pt Pd Au Ag (m) (m) (m) (%) (%) (g/t) (g/t) (g/t) (g/t)------------------------------------------------------------------------NOT-07-17 96.5 177.5 81.0 0.77 1.55 0.91 2.97 0.13 3.1------------------------------------------------------------------------ including 96.5 137.7 41.2 0.23 0.45 0.36 1.1 0.07 0.87------------------------------------------------------------------------ including 137.7 170.0 32.3 1.28 1.73 1.31 3.68 0.21 5.24------------------------------------------------------------------------ including 170 177.5 7.5 1.54 6.81 2.17 6.62 0.15 6.12------------------------------------------------------------------------------------------------------------------------------------------------NOT-07-18 Assays pending for deepest mineralized section------------------------------------------------------------------------ 105.2 132.5 27.3 0.22 0.5 0.32 1.06 0.06 1.05------------------------------------------------------------------------ followed by 132.5 191.7 59.2 0.93 1.84 1.28 3.15 0.45 3.91------------------------------------------------------------------------ followed by 191.7 215 23.3 1.52 2.7 2.02 5.86 0.15 4.97------------------------------------------------------------------------ followed by 215.0 230.0 15.0 Assays pending (Massive-Semi Massive sulphides)------------------------------------------------------------------------------------------------------------------------------------------------NOT-07-19 93 110.8 17.8 0.37 1.3 0.56 1.93 0.06 1.7------------------------------------------------------------------------ including 93 104.2 11.2 0.21 0.43 0.23 0.75 0.06 0.92------------------------------------------------------------------------ including 104.2 110.8 6.6 0.63 2.32 1.13 3.93 0.06 3.01------------------------------------------------------------------------
New Hole Summaries (assays received)

NOT-07-17 is positioned at the same collar location as hole NOT-07-16 with an initial dip of -60 degrees to undercut the mineralization encountered in the upper holes. This hole intersected well mineralized peridotite between 96.5 meters and 137.7 meters, then encountered net textured sulphide mineralization between 137.7 meters and 170 meters. Between 170 and 177.5 massive sulphide mineralization was encountered, followed by altered peridotite to a depth of 178. The hole then entered granodiorite and was stopped at 191 meters total depth. The net textured mineralized zone over 32.3 meters averaged 1.28% Cu, 1.73% Ni, 1.31 g/t Pt, 3.68g/t Pd, 0.21 g/t Au and 5.24 g/t Ag. This was followed by a 7.5 meter wide massive sulphide intersection that averaged 1.54% Cu, 6.81% Ni, 2.17 g/t Pt, 6.62 g/t Pd, 0.15 g/t Au and 6.12 g/t Ag.

NOT-07-18 was also positioned at the same collar location as hole NOT-07-17 and NOT-07-16 undercutting the mineralization encountered in the two upper holes. The initial dip of this hole was set at -69 degrees. Between 105.2 meters and 132.5 meters the hole entered well mineralized peridotite, then it entered into a long section of net textured sulphides in peridotite between 132.5 to 191.7 meters. Then from 191.7 to 230 meters the hole encountered semi-massive to massive sulphides before the hole encountered granodiorite. The 59.2 meter long net textured mineralized zone averaged 0.93% Cu, 1.84% Ni, 1.28 g/t Pt, 3.15 g/t Pd, 0.45 g/t Au and 3.9 g/t Ag. This was followed by a 38.3 meter long semi-massive to massive sulphide mineralized zone, however due to lab delays only the first 23.3 meter section of this zone is available. This 23.3 meter section averaged 1.52% Cu, 2.7% Ni, 2.02 g/t Pt, 5.86 g/t Pd, 0.15 g/t Au and 4.97 g/t Ag. The remaining 15 meter wide massive sulphide section averages will be announced upon receipt.

NOT-07-19 was completed along an E-W section representing a 37.5 meter step-out section to the south of holes 17 and 18 along the mineralized body.

The hole was drilled at local grid collar location 50+83E at 10+50N with an initial azimuth of 270 degrees and an initial dip of -45 degrees. Peridotite was intersected at 20.1 meters downhole, variably mineralized between 46.5 and 64.5 meters, assays for this section were low. This hole then entered weakly mineralized peridotite, between 64.5 meters and 74.2 meters downhole, then from 93 to 104.2 the mineralization increased getting more pervasive until around 109 meters downhole, intersecting a few mafic and felsic dikes. Between 109 and 109.2 massive sulphide was intersected, followed by altered peridotite until 110.8 when granodiorite and another mafic dike was encountered to the end of the hole at 132 meters. The main mineralized zone in this drillhole was encountered between 104.2 and 110.8 over a drill intersection of 6.6 meters that averaged 0.63% Cu, 2.32% Ni, 1.13 g/t Pt, 3.93 g/t Pd, 0.06 g/t Au and 3.01 g/t Ag. This 37.5 meter stepout to the south is quite encouraging as the grade remains consistently high.

Please note that the drill intercepts mentioned herein are not true widths, any reference to true width at this time in the exploration of the Eagle One MMS occurrence would be misleading. The mineralized body is an irregular tubular shape plunging towards the south, based upon the drilling to date.

Table 1 Local Grid and UTM Co-ordinates For New Holes--------------------------------------------------------------------------- North East -ing -ing North East ElevaDrill Hole (m) (m) -ing -ing Azimuth Dip -tion Length--------------------------------------------------------------------------- at Local Local collar (deg grid grid UTM UTM (degrees) -rees)(mASL) (m)---------------------------------------------------------------------------NOT-07-28 1069 5174 5843600 547363 270 -52 0 202.0 degrees---------------------------------------------------------------------------NOT-07-29 1166 5116 5843637 547238 90 -45 0 87.0 degrees---------------------------------------------------------------------------
Please note that the local grid collar locations are measured from the NW - SE oriented un-surveyed picket lines, whereas the UTM (Universal Transverse Mercator) co-ordinates are the GPS surveyed collar locations. The latter should be used when plotting drill holes as this co-ordinate system provides ease in relating the drilling to the geophysical and other surveys. An drill collar location plan of the area has been added to the Noront website www.norontresources.com, showing locations of earlier drill hole collar locations as well as highlights from each hole drilled. This drill plan will continue to be updated as new information is received.

The Universal Transverse Mercator (UTM) coordinate system is a grid based method of specifying locations on the surface of the Earth. It is universally recognized but differs from the traditional method of latitude and longitude in several respects (taken from Google).

Noront has completed 5,335.6 meters of diamond drilling in 29 diamond drill holes (including one current hole that is incomplete) on the Eagle One Ni-Cu-PGE occurrence since starting the drill program in late August. The following table summarizes recent drill hole locations (based upon local and UTM grid coordinates) and provides details of the drilling completed thus far.

Some of the drilling in the last two months was designed to meet the minimum requirements for a preliminary resource estimate and specific gravity measurements have been obtained from the drill core as required by the Company's independent consultants. Fill in holes within the known mineralized body are necessary in order to comply with NI-43-101 guidelines for resource estimates. Based upon the size of the occurrence, it is currently anticipated that an additional 6 holes are necessary to be completed. In the event that new mineralization is encountered that alters the shape and extent of the current body as it is presently understood, the number of holes required would increase accordingly. The Company plans on proceeding with a mineral resource study in early 2008.

Drill hole summary descriptions (since last release Dec. 12, 2007)

Hole NOT-07-28 was drilled at local grid collar location 51+74E at 10+69N with an initial azimuth of 270 degrees, being the same location as hole NOT-07-26 that was earlier abandoned. The dip was reset at -51 degrees to go around casing and rod lost in hole 26. After 14.8 meters of overburden and limestone this hole entered granodiorite until 128.1 meters when olivine gabbro was encountered until 140.1 meters. Between 140.1 and 169 meters, peridotite was encountered, followed by mineralized peridotite to 175 meters. Net textured mineralized peridotite was then encountered and the hole remained in this rock unit until 202 meters, the hole has been suspended for season ending break. This hole will be completed in early 2008.

Hole NOT-07-29 was drilled at local grid collar location 51+16E at 11+66N with an initial azimuth of 090 degrees and an initial dip of -45 degrees. After 9.7 meters of overburden and limestone the hole entered granodiorite mixed with mafic dikes until 24 meters after which the hole entered mineralized peridotite until 26.1 meters when a narrow intersection of massive sulphide was encountered between 26.1 and 26.5 meters, this was followed by a thin felsic dike to 26.85 meters, then the hole encountered another section of variably mineralized peridotite until 35 meters. Net texture sulphide mineralization in peridotite was then intersected until 70.5 meters, followed by mineralized peridotite until 84.2 meters. The hole then entered granodiorite until it was terminated at 87 meters. The mineralized section in this hole was over 60.2 meters, between 24 meters and 84.2 meters.

Christmas Break

All field crews with the exception of the Aeroquest airborne crew and camp watchman have left the project area for the Christmas break. Aeroquest is expected to be leaving by this weekend, returning in the New Year to continue the airborne program. Ground exploration will also resume early in the new year, linecutters will be the first back in, along with the necessary helicopter support staff followed by geophysical crews. Maintenance will be performed on the drill equipment during this period, drill crews are scheduled to arrive in mid January to resume drilling. Two new drills have been contracted from an additional drill service provider (Forage Orbit Garant) from Val D'Or Quebec, that are scheduled to arrive in mid January 2008.

Ground geophysical surveys are being compiled and are under review, focused on the Eagle One occurrence and its immediate surroundings. Several airborne anomalies, with geophysical attributes similar to the Eagle One occurrence, have been identified in the preliminary presentation of the Aeroquest airborne data. These anomalies are located to the south and west of the Eagle One occurrence as well as to the northwest, all within 5 kilometers of Eagle One. Each of these anomalies will be detailed by ground geophysics prior to drill testing.

On Site Quality Assurance / Quality Control Measures

The aforementioned assay and sample information, as well as geological descriptions are taken from drill logs as prepared by two site geologists for the drill program, Dr. Howard Lahti, P.Geo., of Fredericton, New Brunswick and Mike Kilbourne, geologist from Newmarket, Ontario. Billiken Management Services Inc. is providing all services on site for the Noront Double Eagle Project, from their base camp at McFaulds Lake. Billiken is a holder of Certificate of Authorization issued by the Association of Professional Geoscientists of Ontario.

All assay work and sampling procedures have been included in earlier news releases. Chain of Custody includes delivery to ALS Chemex Laboratory in Vancouver BC, where all samples undergo analysis using ALS Chemex assay procedure AA46 for nickel, copper and silver, and ICP24 for Au, Pt, and Pd. When samples received over-limit values they underwent further analysis using ALS Chemex assay procedure ICP27 (for gold, platinum and palladium), as well as GRA21 for gold. The reader is referred to: www.alschemex.com for details of these analytical procedures.

Independent Quality Assurance and Quality Control Protocol

Gold, platinum and palladium are assayed using fire assay on a 50 gram nominal sample weight with an ICP-AES finish. Nickel and copper are assayed using aqua regia (3-acid) digestion with either ICP-AES or AAS finish. A comprehensive QA/QC program has been implemented to monitor all assays on the Double Eagle Project. Samples are assembled in numbered batches of 77 samples, which equates to the number of client samples per furnace batch at ALS Chemex. Included in each batch of 77 samples are 4 certified reference material samples, 3 blank samples comprised of sterile drill core, and 4 field duplicate samples. This QC program was set up for Noront by Tracy Armstrong P.Geo, of P&E Mining Consultants Inc. ("P&E") of Brampton, Ontario. Ms. Armstrong is a qualified geologist in the Provinces of Ontario and Quebec. Assay results are being monitored on an on-going, real time basis for accuracy, contamination and precision by P&E. The current sample set will be reviewed by Ms. Armstrong once some additional batches are completed, and will be reported upon in a timely manner.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

This press release has been prepared by management of Noront Resources Ltd., and has been approved for dissemination by Neil Novak P.Geo., a director and recently appointed Vice President Exploration of Noront, being a Qualified Person under Canadian Securities guidelines.

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 118,478,582 shares issued to date.

Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Noront Resources Ltd. Richard Nemis [phone] [phone] (FAX) Email: [e-mail] Website: www.norontresources.com

SOURCE: Noront Resources Ltd.

mailto:[e-mail] http://www.norontresources.com

Copyright 2007 Market Wire, All rights reserved.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 32.837.060 von Fantomas96 am 21.12.07 12:52:34

wie bewertest du die bohrergebnisse ?
zwar vergleichsweise nicht die sensation aber warum gleich wieder 4-5% tiefer.... waren doch ok

[_MountainDew]

Antwort auf Beitrag Nr.: 32.846.053 von Boersenkrieger am 22.12.07 02:24:35

Du hast mich zwar nicht direkt gefragt, aber erlaube mir dennoch eine Gegenfrage: hast du die News wirklich gelesen?
Zum Beispiel konnte man da u.a. zu "NOT-07-18" folgendes lesen:

...a 59.2 meter zone of net textured sulphides between 132.5 meters and 191.7 meters averaged 0.93% Cu, 1.84% Ni, 1.28 g/t Pt, 3.15 g/t Pd, 0.45 g/t Au and 3.9 g/t Ag followed by a 23.3 meter wide semi-massive to massive sulphide mineralized zone that averaged 1.52% Cu, 2.7% Ni, 2.02 g/t Pt, 5.86 g/t Pd, 0.15 g/t Au and 4.97 g/t Ag

Die noch tiefer liegenden Mineralisierungen stehen (leider) noch aus.

Ich finde das

sensationell

!

Versteh mich nicht falsch, ich bin sicher sehr weit davon entfernt ein Experte auf diesem Gebiet zu sein, aber so 'möglichst unverfängliche Wischi-Waschi-Aussagen' a la "zwar vergleichsweise nicht die sensation aber...waren doch ok" mag ich nicht.


Gruß
MountainDew

[Boersenkrieger]

Antwort auf Beitrag Nr.: 32.847.019 von _MountainDew am 22.12.07 13:01:08

ja hab sie gelesen allerdings nur kurz nach weihnachtsfeier
war zuerst shr zufrieden und sah danach dass es trotzdem runterging. ...aber nüchtern betrachtet ist es doch genau das was wir erhofften (vor allem hohe Pd und Pt einfach nur geillllllll)

[Radikalinsky]

Antwort auf Beitrag Nr.: 32.847.019 von _MountainDew am 22.12.07 13:01:08

@MountainDew, Börsenkrieger

Die Erwartungshaltung ist wohl ziemlich groß, deshalb fiel der Kurs gestern (kurzfristig), weil die neuen Ergebnisse die bekannten nicht übertroffen haben.
In Hole 5 waren es 68,5 m mit 5,9 % Nickel,
in Hole 18 "nur" 23,3 m mit 2,7 % Nickel. 15 m fehlen noch, dürfte aber wohl ein ähnlicher Gehalt sein.
Das ist zwar im Vergleich mit anderen Minen sensationell, aber nicht verglichen mit Hole 5 (leider).
Spitzenwerte von 2 g Pt und 6 g Pd sind zwar sehr gut, aber im Vergleich mit den anderen Bohrungen auch nur überdurchschnittlich. Wir sind eben verwöhnt.

Diese Tabellen habe ich mir angeschaut:
http://www.norontresources.com/projects/double-eagle/Double-…
http://www.agoracom.com/executive/NewdrillholedataDec2107.pd…

Für mich sind das kurzfristige Effekte, die eigentlich nur fürs Traden interessant sind, d. h. jetzt ist IMHO ein günstiger Einstiegszeitpunkt.
Fundamental gesehen machen die neuen Ergebnisse die Ressource größer, also ist es eine gute Nachricht und erhöht den Wert.

Nur meine kleine Meinung.

Gruß, Rad

[Fantomas96]

Antwort auf Beitrag Nr.: 32.846.053 von Boersenkrieger am 22.12.07 02:24:35

Hallo boersenkrieger,

wieder unglaubliche Ergebnisse, aber keine entsprechende Marktreaktion.

Ich antworte mal mit d12 von agoracom (hätte ich auch nicht besser schreiben können):


http://www.agoracom.com/ir/Noront/messages/673079#message


LOW SHARE PRICE

Posted by: d12 on December 21, 2007 10:40AM


Everyone I know I sound like a broken record, but don't worry about something you can't control. None of us can control the SP. All we can do is educate ourselves and make a decision to BUY, HOLD, or SELL. If I had more $ I would BUY, but Christmas is here and I would like some more toys.

I am as upset about the share price as anyone but I know it is not even close to a true reflection of the company, therefore I will hold. Do you honestly think this stock should be going down?? And if you don't, then trust in your DD that there are outside factors controlling it that you cannot change.

The past few NR's have been good to very good. How can this drive the stock down. It can't. It is not the content of the releases, it is something else. I have stated what I believe it is in other posts. Am I right, who knows? But I know one thing, NOT's fundamentals have NOT decreased in the past month or so, yet the SP has. This is all we really need to know. It honestly doesn't even matter if we ever know why the SP has dipped, because it will be back up again. Today, Monday, early 2008???????

What else can Richard do? Nothing. He has put out good NR, after good NR. He is at the mercy of the market as well. I will admit, it is taking longer than I would have liked or thought, but that doesn't mean things can't change in a hurry. If NOT were to close today at $4.75, I would not be surprised in the slightest, nor would I if it closed at $3.90. How does this make sense? It doesn't. Period. Don't try to figure it out, because you can't.

My suggestion to all NOT investors: Take a deep breath, look at all the NR's for the past month and ask yourself if this is a company that should be sliding. If the answer is yes, sell. If not, hold or buy. But be confident in your decision and trust yourself that you are doing the right thing. Don't make any decisions on impatience.

One more thing: has anyone noticed the difference in volume when the stock is moving up as compared to down? WHY?



Gruß,
Fantomas

[Fantomas96]

Ich wünsche allen Investierten und Noront-Interessierten ein fröhliches Weihnachtsfest und ein friedliches, gesundes und erfolgreiches Jahr 2008 !

Vor allem Letzteres steht für mich bei NORONT außer Frage.


Diese Grüße gehen insbesondere an Mike und BWK.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 32.847.148 von Radikalinsky am 22.12.07 13:41:53

Fundamental gesehen machen die neuen Ergebnisse die Ressource größer, also ist es eine gute Nachricht und erhöht den Wert.


so sehe ich das nämlich auch... sind halt wohl noch zu viele trader drin die nur auf news zocken.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 32.851.295 von Fantomas96 am 23.12.07 00:25:19

jep, kann man so stehenlassen..... man muss auch nicht den kurs täglich hinterfragen....

[_MountainDew]

Allen Threadteilnehmern ein frohes und besinnliches Weihnachtsfest, viel Erfolg für das Jahr 2008 und uns allen auch immer das Stück Gelassenheit, das dieser hochwertige Thread verdient hat.



Merry Christmas and let the ring burn!

MountainDew

[Fantomas96]

So, für die Feiertage noch ein bißchen interessanter Lesestoff:

http://www.agoracom.com/ir/Noront/messages/673472#message


The potential strike length of Eagle One is increased to 5 kms

Posted by: pw on December 21, 2007 01:37PM


Noront has been conservative on the potential strike length at Eagle One all along. At first 500 m was talked about, and then John Kaiser had first expressed the view of 2 kms. Recently, Noront is publicly talking about 2 kms, and until now it's officially recognized as been 5 kms. That's a significant development based on the new airborne survey.

As Prof. Mungall pointed out, Eagle One, in its current geologic surroundings, could not have been mineralized there - it has to be part of much larger system, and was "squeezed" into the current location. So hopefully we will find the motherlode of this system along that 5 km strikes.






Gruß,
Fantomas

[Fantomas96]

Mehr von John über die Meteoriten-Theorie:


http://www.agoracom.com/ir/Noront/messages/673612#message


Re: A Geological Case for a "Meteor Impact" Theory - Misly1...

Posted by: johndefur on December 21, 2007 02:46PM

In response to: Re: A Geological Case for a... by Milsy1


YES...the ATEMs are related...I realize that some of you may not understand all the Geo-speak in that post...so I'll try to explain this connections as simply as possible..

Regular magma, thats molten rock or solidified rocks, only contains tiny amounts of Ni etc something like 20 to 40 parts per BILLION !!! ...as I said very small amounts indeed..could never never be economical, sine 1% Ni is equivilent to 10,000 parts per MILLION, that's 10,000 Parts pr Million...so then how does that 20 parts per BILION gets to be as rich as 10,000 parts per Million in a given rock?.....

The answer is thru Geological processes and magma Ni depletion and accumulation somewhere...that is when magma is mobile and molten, these NI sulfides become liquid throughout the whole magma size/volumes....and just as Oil and Water can't mix together, neither can the "cummulate" part of the magma, which contains the Ni Sulfides, mix with the rest of the magma volume...so as magma flows up from the earth's mantle forming hot conduits as it melts the earth's crust, some of this "cummulate" is left behind, attracted by either sulfur or flesic rocks, and stays inside the conduits while the rest of the magma flows back down to it's parent HUGE magma neat/at the mantle.

This same process is repeated a myriad of times, as the magma borroughs/melts it's way into the Earth's crust, and eventually onto the earth itself as lava...constantly rising and flowiing back down, rising and flowing back down...this is known as successive introductions of magma...every time the magma does this, the Ni sulfides are joined together/accumulated and thereby enriched to 1% Ni...

Geologist have figured out, once a depost is known in size, the amount or volume of magma necessary to accumulate the ore body of 1% Ni...so to summarize, it took a HUGE HUGE amounts of Magma to concentrate Ni from 20 to 40 ppb to 5% as in the case of NOT...

As far as the 'conduits" being associated, well they must be...although these "conduits" may be in diffrent surrounding areas, since this HUGE HUGE amount of parent magma, repeated the same process as the earth moves either way so does the mantle, and lava behaves like a wild living "thing" going in whatever direction of least resistance, melting away variousportions/sections of the earth's crust...creating magma conduits..

yes..these ATEMs anomalies will/should be related, since it's the same HUGE parent magma that was resposible for their Ni concentrations from the mantle....they don;t necessarily have to all join together, as I mentioned magma is unpredictable and moves essentially wherever it wants, melting whatever crust rocks it chooses...

So again YES these ATEM2 are related, since Mr. Nemis himself indicated they had the same ATEMs2 signatures...so not only is there a real probability to extend NOT's deposit laterally on Earth, but more or just as ipmportantly, as poited out in my map of Nickel Rim, vertically to depth, wherein the HUGE parent magma came from...the Mineralization should extend for a few Kms vertically below to the Parent Magma , as it does at Sudbury...

also...this is the last day for tax sellling, only 1/2 day monday...the shorts/day traders are having a field day...volumes are picking up with a very small decline...BUT...every share is being bought up and going into much stronger hands...all the weak hands will be out..I look forward to the new year, when most of these Jr. Resources will again shine...

IMCO..

JD*

[Fantomas96]

Telefonat mit Richard


http://www.agoracom.com/ir/Noront/messages/673896#message


Richard just called me back

Posted by: tcp1002 on December 21, 2007 04:59PM


I had called to wish him a Merry Christmas so after I did I asked a couple of questions.

First I said congratulations of the good news today and he said he thought the news was fantastic.

I said that the price has dropped and he said don't worry about that.

Then I asked about the two anomalies that they found and he said that there were six.

I said I thought I read two and he said I can tell you now there were six and that we will start drilling them in the new year.

I said with the two new drills and he said yes they are coming before mid January and they will drill right away.

Then I said that sounds great and if we find something else the mutual fund companies will help the stock price. He set you bet.

Then he said listen pal you have yourself a Merry Christmas and don't worry about a thing over the holidays. Then he said next year will be a hell of a year.

I thanked him and wished him and his Family a Merry Christmas and a Happy New Year.

I just wanted to share this with everyone and I'm glad he called me back as I tried twice to get him today.

I want to take this time to wish everyone here Happy Holidays and especially our good friends at Agoracom. Misfit welcome back.

GLTA, Tcp

[Fantomas96]

Und tcp hatte noch vergessen zu sagen, wo die 6 Targets denn liegen:


http://www.agoracom.com/ir/Noront/messages/673919#message


I forgot to mention

Posted by: tcp1002 on December 21, 2007 05:16PM

that I asked if the six anomalies were on our property or do we have to share and Richard said that they are all on our property.

Tcp

[Fantomas96]

http://www.agoracom.com/ir/Noront/messages/674366#message


NOT-FACTS ....Biggest holes ever hit with this type of minerlization..

Posted by: Goldilox on December 22, 2007 07:21AM


Good morning NOT family. First make sure you really enjoy your Holidys...life is short. Second, it is a little known fact that the holes we have seen thus far are The Worlds best known high grade holes in this type of mineralization EVER FOUND. KEY WORDS-The best holes mining has EVER seen!

I want those reading this to understand that.

Third, Tonnage.......be prepared to be surprised when tonnage hits the street. I would expect the numbers to NOW come in around $5-$8 a share so far. NOT is trading in the high $3's. any comments on this tonnage and price are encouraged!

Fourth-Is there no more holes, no more anomolies, thats it? OF COURSE NOT. We have 20 or more companies up there, GEOMAG's done and there are lots of these anomolies. RN just said there were 6 more right on NOT property. We also know they are now going be be stepping out to find the Conduit, which will be harder to find but if we get consistent mineralization and can follow this conduit, we are racking up more SP and trying to find where this is coming from.

2008 is especially now going to be an incredible year. I can tell you that anyone internally involved in this project is laughing and in awe, the market doesn't get this yet. It is well understood on the inside that the market is going to have to get it soon. Assays, Tonnage and more drilling is underway and all will prove in their own wy what we are dealing with here. Its not a $4 issue here its $10,$20. $40 $50 issue plus.

As most of us wonder why $4, those in the know can only say very surprised, but no a worry in the world.

More property has been staked, in fact alot of land. All of this happened really quickly and its taken time to become fully organized while continuing to move forward. Things seem to be getting faster, better and more organized by the day.

In summary, These are the best holes EVER drilled in the world with this type of deposit!! That alone should say something. Expect assays to show the sP is way off target and price/tonnage will show the current 27 holes along will price th stock btwn $5-$8 possibly higher.

This is only the begining folks. 2008 is going to be a monster for us. All the facts will come to market, Windfall is getting closer and closer. Remember, windfall is no longer even priced into this anymore, nor any of the other 7 projects on the go. None of them.

From my perspective we are sitting right on the bottom. Why? No idea, but it is what it is. as long as we all know the facts, this becomes one of the greatest opportunities ever seen in the mining sector.

Many folk just don't get these exact facts for whatever reason. The fact that there is doubters out there makes me realize just how rare this is and how far ahead this board is in understanding what is going on here. Understand the fact we are all in awe is in fact exactly correct. also understand, the average folk who don't use this board and the big boys who need to see more actually have everything they need in this board to see the big picture.

WE will see more hits in the area, especially on NOT soil. Were only on the FIRST target for gods sake.

Last, you are part of likely one of the biggest finds ever in this type of mineralization. Your stock hasn't even properly valued itself for that 1 anomoly which is the worlds richest deposit of its kind EVER found!!!

Reread that last para, 6 more anomolies to drill, 8 other projects on the go including a beauty gold mine. Open your mind, put facts together, this is silly for us to keep wondering only the tonnage on this 1 anomoly. There is such a bigger, larger, more comlex things going on here. I find the market has lost its ability to really understand whats going on.

Good thing we have NOT. Its easy, its out there and is far bigger than anyone knows. I have never been so confident that NOT will be the surprise of the world in 2008 and in more ways than 1.

Enjoy your holidays......there is nothing to worry about here if you have been paying attention and reading the facts. peace

GLTA

[Fantomas96]

http://www.agoracom.com/ir/Noront/messages/680211#message



Stop and think about this for a minute...

Posted by: herbertwiebe on December 29, 2007 01:43PM


I think Mr. Nemis is doing things in an extremely smart order. When I stop and think about the sequence of events unfolding here, I humbly think that Mr. Nemis has made some brilliant moves. Here's why:

1) What happened after the discovery hole #1??? Staking, Staking, Staking. Mr. Nemis concentrated his efforts on the most important aspect of this whole wonderful find - get as much land staked as close to the find as possible before someone else stakes it. How did he know to do this first??? Remember, Mr. Nemis was just meters away from Voisey's Bay discovery and came up empty in 1990. Unfortunately, tough lesson learned back then but an invaluable lesson for his future: James Bay.

2)What has Mr. Nemis been doing these last 4 months? Drilling, of course. The key, in my mind here, is what Mr. Nemis has been drilling... "Anomoly 1". Again, brilliant if you look at the timing and sequence of events unfolding before your very eyes. Mr. Nemis plans to have a "NR43-101" resource estimate completed on this 300ish meter long anomoly before striking out to test his other anomolies. Why is this so important, you might ask??? Again, take a page out of the Voisey's Bay history and it might just rear up and take you by suprise... "TIMING" Let's look at how Voisey's Bay came about, shall we? How long did it take from initial discovery until the actual mining began? 5 years? 10? I am not sure but I do know that it was a substantial amount of time before the first nickel ore was extracted from mother earth. OK, you say, big deal. Who cares? We will be out of here, bought out long before then so who cares when the mining begins? Well, I think Mr. Nemis cares and here is why: If you were a major mining company who wanted to spend Billions of dollars on a new mining district, would you rather have a return on your money in 10 years, or would you rather have it start flowing into the bank in 6 or 7??? You already know my answer. If Mr. Nemis can get a NR43-101 resource paper in his hands and start the permitting process for infrastructure and environmental issues out of the way, how valuable do you think that would be to a major??? "If" this is what Mr. Nemis is doing, and I haven't asked him because he is busy enough and I trust Canseco and TCP1002 to make those kind of calls, it is absolutely brilliant!!! Mr. Nemis was situated right beside Voisey's Bay in 1990. Do you think he learned anything from watching it explode there? I seriously think his forward thinking is MILES ahead of most posters here on Agoracom (No disrespect meant, I include myself in this bunch) and is planning to bring Maximum shareholders value to bear in the least amount of time. I totally disagree with people crying "foul" every time a news release is 3 or 4 days late according to what might have been reported by some of our "very helpful" callers. Get over it and start watching the "Big Picture" unfold. Mr. Nemis is not just drilling, he is setting this thing up so if you have the patience to wait with him and watch where he is taking us, he will give you unbelievable value for your investment. That is what "I" believe to be true according to what I have read and watched this past 4 months regarding JB and 9 months for Windfall.

3) Finally, #3. Stop and think about the process of drilling here. Why would Mr. Nemis drill anomoly #1 only and not try to step out and see what all those Magnetic Anomolies have in them? They are only a tiny little distance away. What are the chances you have a nickel pod that we are drilling currently and the "same magnetic signature" that lies a couple of hundred meters away that stretches for 5 kilometers now (according to the phone call TCP1002 made with Mr. Nemis before Christmas and shared with us) being an "iron" or other similarly worthless ore??? I know where my money is, and all of it. With the head geologist from Toronto talking about "tubes of nickel ""possibly being kilometers long"" being squeezed out from a motherload somewhere" and V-TEM mapping being seen to look very similar to what we are currently drilling... OK, I'm not a rocket scientist but my guess is we will be looking at a very large ore body in the coming year. So my third point is this: If Mr. Nemis is as confident as we see him coming off in his interviews, why wouldn't he be drilling this 5 km magnetic body already??? "TIMING" Think about it for a moment. What happens if he steps out and locates this anomoly and gets a few holes with great results coming back??? Share price rockets up to $15 or maybe even $20/share. Great, right? Well, if you are Mr. Nemis, I don't believe that this is what he intends on doing. You get your share price up there and a major comes in and buys you out before you really know what is there. You get a small premium for your shares and maybe get bought out at $25 or even maybe $30. Everyone goes home happy and the major laughs all the way to the bank as he all of a sudden discovers the "source" of this tube and locates 1000 million tons of rock with high grade nickel in it. Then, because all the shareholders are out of the loop and enjoying their 4 - 6 bagger returns (if you bought in around $6 +), the major makes a 20 - 50 multiple return on his money. The rich get richer and us peasant type just have a little cash to help us through the rough going. NOW, if you have patience and try to get all aspects of this project going "before" you start drilling the big long tube and maybe find the source, you can see where I'm going with this. The major would have to come in with a much, much higher buyout offer. All of these aspects of a project like this take time. Maybe this will give you a much better understanding and appreciation of how much work Mr. Nemis and company have been doing for "YOU" and you would be more appreciative of his efforts instead of complaining that the news release is a couple of days late.

In conclusion, take some time off and be thankful for the season of Christmas. God sent his Son down for you and me to try to understand why we are so stubborn and prideful and full of ourselves. Think of it this way: if you made a robot and gave it "free will", but wanted it to love you and be thankful for making it, how would you feel if it turned on you and told you to get lost? I, personally would be hitting the "distruct" button and try something else. Thank God he has WAY more patience than you and I. Now, forget about whining about the stock price. It will move up. That is my opinion and I stand by it 100%. Let's be thankful that Mr. Nemis is a straightshooting, honorable man and not one of those corrupt CEO's, of which there are many in the markets today. If you are not thankful to Mr. Nemis for what he has accomplished so far and don't believe a word of what I am writing here, sell any shares you own and move on. Just don't be angry. You make the investment. Not I or anyone else. Make your own decision when regarding your own money and forget about trying to "blame" someone else for your misfortunes. Unless someone else is investing your money for you, you have no one else but yourself to thank or blame for your investments. I, myself have lost a lot of money prior to investing in Noront. Now, I think I may have actually found what I have been looking for. Only the drills and time will tell. I am excited to see what happens in 2008. If you are not, I am really and truly sorry to hear that. Perhaps you shouldn't be investing in spec stocks if all it does is make you miserable. Life's too short for that. Be happy with what you have, then, and thank God you even have money to invest, as billions of people in this world are just trying to find enough food to eat, never mind complaining about their investments. Put it all in perspective, and really think about it for a while.

Now, I want to wish everyone a Blessed 2008. Let's all keep looking forward to the day when we know what we really have here. And when that happens, don't forget to thank Mr. Nemis because of what his little company has done for you.

God Bless all NOT shareholders, today and throughout the year of our Lord Jesus Christ, 2008.

Herb


Gruß,
Fantomas

[Fantomas96]

http://www.agoracom.com/ir/Noront/messages/679849#message


Top 10

Posted by: From_Sudbury on December 28, 2007 08:20PM


These are my top 10 reasons for holding NOT ....

10) News coming soon into the new year with regards to China property....indications are it may be surprisingly good

9) Burnt Hill project...past producer....drills a turning...proving up resources....near term production

8) Possibility for spin-offs -- potential for added value

7) Interest by majors -- indications majors may be willing to buy in at $8-$10 based on rumors

6) Windfall -- permits in place to build ramp....drilling...timing couldn't be better as gold prices are looking good

5) Joint ventures -- indications that at least another 6 joint venture agreements

4) NI-43-101 coming soon....six more drill holes needed....if more needed, then even better

3) Lots of drilling.....more new drills.....area plays drilling....LOTS of drilling...the recent run up in price for the area plays indicates good news may be on the way for area player(s)

2) Results on hole 18 and hole 27......well...I'm sure everyone's heard the rumors....FAN..tastic

and the #1 reason for holding NOT.....Great management team

Happy holidays and best wishes for a great 2008 to all NOT shareholders


Gruß,
Fantomas

[Fantomas96]

http://www.agoracom.com/ir/Noront/messages/683734


NEWS - Noront Resources Ltd.: Most Recent Assays Continue to Return High Grade Mineralization

Posted by: AGORACOM on January 03, 2008 08:31AM

TORONTO, ONTARIO -(Jan. 3, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE: NOT) is pleased to announce the receipt of additional assays on hole NOT-07-18 on its 100%-owned Eagle One occurrence within Noront's Double Eagle Project in the McFauld's Lake Area of northeastern Ontario. "The results of the unreported additional assays from Hole 18 are very significant with 18.8 meters that averaged 7.4% nickel, 3.2% copper, 1.05 grams per tonne platimum and 10.16 grams per tonne palladium. Our immediate drill objectives for the New Year are to test for extensions to the high grade Eagle One Deposit and to drill test several high-priority geophysical targets within the immediate area of Eagle One," states Richard Nemis, President and CEO of Noront.

HIGHLIGHTS

- NOT-07-18 intersected mineralization between 105.2 meters and 229.8 meters that over 124.6 meters averaged 2.39% Ni, 1.09% Cu, 1.12 g/t Pt, 3.86 g/t Pd, 0.28 g/t Au and 3.89 g/t Ag. This well mineralized zone contained an 18.8 meter massive sulphide mineralized section between 211 meters and 229.8 meters that graded 7.38% Ni, 3.18% Cu, 1.05 g/t Pt, 10.16 g/t Pd, 0.23g/t Au and 8.92 g/t Ag.

- NOT-07-11 was reviewed and found to contain mineralized sulphides over greater lengths than previously reported (November 6, 2007).

- The on-going land acquisition in the Double Eagle area has increased Noront's land position to approximately 66,976 hectares (165,498 acres) in 283 claims.



Assay results (Hole 18 and Hole 11)--------------------------------------------------------------------------

From To Int Cu Ni Pt Pd Au AgHole # (m) (m) (m) (%) (%) (g/t) (g/t) (g/t) (g/t)--------------------------------------------------------------------------

NOT-07-18 105.2 229.8 124.6 1.09 2.39 1.12 3.86 0.28 3.89-------------------------------------------------------------------------- including 105.2 132.5 27.3 0.22 0.50 0.33 1.06 0.06 1.05-------------------------------------------------------------------------- and including 132.5 211.0 78.5 0.89 1.85 1.40 3.33 0.37 3.67-------------------------------------------------------------------------- and including 211.0 229.8 18.8 3.18 7.38 1.05 10.16 0.23 8.92----------------------------------------------------------------------------------------------------------------------------------------------------

NOT-07-11 54.5 95.0 40.5 0.58 1.00 0.55 2.20 0.07 2.31-------------------------------------------------------------------------- including 54.5 75.8 21.3 1.02 1.68 0.64 3.78 0.08 3.93-------------------------------------------------------------------------- and including 75.8 95 19.2 0.10 0.23 0.44 0.96 0.05 0.52--------------------------------------------------------------------------

NOT-07-18 was positioned at the same collar location as hole NOT-07-17 and NOT-07-16 undercutting the mineralization encountered in the two upper holes. The initial dip of this hole was set at -69 degrees. As reported earlier, (December 21, 2007) there were several samples outstanding over a 14.8 meter wide massive sulphide section. These outstanding results were recently received. Between 215 and 229.8 meters (14.8 meters long) the section averaged 2.63% Cu, 7.59% Ni, 0.5 g/t Pt, 8.72 g/t Pd, 0.22 g/t Au and 7.28 g/t Ag. Averaging these new results with the previously reported assays covers the entire massive sulphide section between 211 meters and 229.8 meters that over 18.8 meters averaged 3.18 % Cu, 7.38% Ni, 1.05 g/t Pt, 10.16 g/t Pd, 0.23 g/t Au and 7.28 g/t Ag.

NOT-07-11 was reviewed and found to contain mineralized sulphides over greater lengths than previously reported (November 6, 2007). Additional mineralization was observed above and below the previously sampled sections. The new mineralized length extends from 54.5 meters to 95 meters (40.5 meters) and averages 0.58% Cu, 1.0 % Ni, 0.55 g/t Pt, 2.2 g/t Pd, 0.07 g/t Au and 2.31 g/t Ag.

Start Up of Winter Operations

All field crews are scheduled to return to the project area over the next few weeks. A line cutting crew and maintenance crew for the drills are arriving shortly, followed by the geophysical and geological team. The first drill crew will be arriving the week of the 14th of January. Aeroquest is expected to return to the area this weekend to continue the airborne program over the entire "Ring of Fire". Two new drills have been contracted from an additional drill service provider (Forage Orbit Garant) from Val D'Or Quebec and are scheduled to arrive in mid January 2008. Ground geophysical surveys focused on the Eagle One occurrence and its immediate surroundings are being compiled and are under review. Several airborne anomalies, with geophysical attributes similar to the Eagle One occurrence have been identified in the preliminary presentation of the Aeroquest airborne data. The project will focus on these anomalies immediately. These anomalies are located to the south and west of the Eagle One occurrence as well as to the northwest, all within 5 kilometers of Eagle One. Each of these anomalies will be detailed by ground geophysics prior to drill testing.

Research Coverage

Wasserman Morris and Company, an independent investment research firm, began its initial coverage of Noront Resources on December 27, 2007. Wasserman Morris issued a speculative buy rating. The report is available for viewing at http://www.wassermanmorris.com. Wasserman Morris is an equity research firm providing research for significantly under-followed small cap companies. Wasserman Morris distributes its research to a broad audience of institutional and individual investors seeking information on under-followed small cap stocks. A third party has paid Wasserman Morris on behalf of Noront for one year of coverage as detailed in the report. Neither Wasserman Morris nor the analysts own equity or debt securities of Noront Resources. More information about Wasserman Morris policies can be found at
www.wassermanmorris.com.

On Site Quality Assurance / Quality Control Measures

The aforementioned assay and sample information, as well as geological descriptions are taken from drill logs as prepared by two site geologists for the drill program, Dr. Howard Lahti, P.Geo., of Fredericton, New Brunswick and Mike Kilbourne, geologist from Newmarket, Ontario. Billiken Management Services Inc. is providing all services on site for the Noront Double Eagle Project, from their base camp at McFaulds Lake. Billiken is a holder of Certificate of Authorization issued by the Association of Professional Geoscientists of Ontario.

All assay work and sampling procedures have been included in earlier news releases. Chain of Custody includes delivery to ALS Chemex Laboratory in Vancouver BC, where all samples undergo analysis using ALS Chemex assay procedure AA46 for nickel, copper and silver, and ICP24 for Au, Pt, and Pd. When samples received over-limit values they underwent further analysis using ALS Chemex assay procedure ICP27 (for gold, platinum and palladium), as well as GRA21 for gold. The reader is referred to: www.alschemex.com for details of these analytical procedures.

Independent Quality Assurance and Quality Control Protocol

Gold, platinum and palladium are assayed using fire assay on a 50 gram nominal sample weight with an ICP-AES finish. Nickel and copper are assayed using aqua regia (3-acid) digestion with either ICP-AES or AAS finish. A comprehensive QA/QC program has been implemented to monitor all assays on the Double Eagle Project. Samples are assembled in numbered batches of 77 samples, which equates to the number of client samples per furnace batch at ALS Chemex. Included in each batch of 77 samples are 4 certified reference material samples, 3 blank samples comprised of sterile drill core, and 4 field duplicate samples. This QC program was set up for Noront by Tracy Armstrong P.Geo, of P&E Mining Consultants Inc. ("P&E") of Brampton, Ontario. Ms. Armstrong is a qualified geologist in the Provinces of Ontario and Quebec. Assay results are being monitored on an on-going, real time basis for accuracy, contamination and precision by P&E. The current sample set will be reviewed by Ms. Armstrong once some additional batches are completed, and will be reported upon in a timely manner.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

This press release has been prepared by management of Noront Resources Ltd., and has been approved for dissemination by Neil Novak P.Geo., a director and recently appointed Vice President Exploration of Noront, being a Qualified Person under Canadian Securities guidelines.

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 118,478,582 shares issued to date.

Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS:

R. Nemis, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Noront Resources Ltd.
Richard Nemis
[phone]
Fax: [phone]
Email: [e-mail]
Website: www.norontresources.com


Gruß,
Fantomas

[_MountainDew]

Antwort auf Beitrag Nr.: 32.926.245 von Fantomas96 am 03.01.08 15:14:36

Hallo zusammen,

Wasserman Coverage: http://www.wassermanmorris.com/wasserman/files/norontresourc…

Folgendes fand ich für einen Gesamtüberblick auch lesenswert: http://www.agoracom.com/ir/Noront/messages/682999

Gruß MountainDew

Patience is a virtue...

[kaliho]

in kanada wird geschmissen

Buy Sell NORONT RES LTD 12:39:36 PM EST
NOT CA V - 3.62 3.64 3.62 -0.24 299,283

RT 3,62

[mike32]

Antwort auf Beitrag Nr.: 32.996.886 von kaliho am 09.01.08 18:41:10

bei einem Volumen von 360 483 , wie kannst Du da von schmeissen reden !!!

[Radikalinsky]

Antwort auf Beitrag Nr.: 32.997.054 von mike32 am 09.01.08 18:55:07

Heute schmeissen die Kanadier schon wieder. Sie schmeißen sich ein paar NOT-Aktien in die Depots.
Das liegt an einem heißen Gerücht von BMK.V, daß sie einen noch besseren Fund als NOT haben und nur auf die Ergebnisse warten.
Das zieht dann auch NOT mit hoch, aber die Area Plays nicht - warum nur?

http://agoracom.com/ir/Noront/messages/694786#message

Gruß, Rad

[Boersenkrieger]

Antwort auf Beitrag Nr.: 33.027.581 von Radikalinsky am 12.01.08 02:55:02

There was an error processing this request.

...der link funzt irgendwie nicht...
chart sieht ja ganz witzig aus. evtl. wär´s ne sünde wert auf verdacht

[mike32]

CEO Interview with Executive Vice President, Mr. John Harvey
Posted by: AGORACOM on January 15, 2008 10:12AM


Dear NOT Investors,

A new CEO interview with Noront's Executive Vice President, Mr. John Harvey is now available for your listening pleasure.

Click here http://www.agoracom.com/executive/NOTceo15Jan2008/player.htm…to listen to the interview.

Regards,
AGORACOM


http://agoracom.com/ir/Noront/messages/697879#message

[kaliho]

Antwort auf Beitrag Nr.: 33.055.416 von mike32 am 15.01.08 16:30:07

Hallo Fantomas...
bitte poste doch Deine meinung zur momentanen lage bei NOT.

danke im voraus.

[veliderelch]

Antwort auf Beitrag Nr.: 33.128.767 von kaliho am 22.01.08 12:57:44

ja, wo ist Fantomas abgeblieben? Hab lange nichts mehr gehört.

[Radikalinsky]

Antwort auf Beitrag Nr.: 33.131.746 von veliderelch am 22.01.08 16:36:05

Benutzername: Fantomas96
Registriert seit: 17.03.2006 [ seit 676 Tagen ]
Benutzer ist momentan: Offline seit dem 08.01.2008 um 23:54

[Fantomas96]

Antwort auf Beitrag Nr.: 33.132.759 von Radikalinsky am 22.01.08 17:34:37

Hallo Leute,

bin zwar noch nicht wieder fit, aber zumindest wieder "da" !

Näheres am Wochenende, dann auch zu Noront (man, man, da ist man ein paar Wochen außer Gefecht und dann sowas)

Nur soviel: ich hoffe außer den "Hasen" haben alle an ihren Shares festgehalten oder sind eingestiegen oder haben verbilligt.

Denn bald geht die Party richtig los (starker Rebound für Metalle und neue ATH´s für Edelmetalle bis Jahresmitte).

Und Noront fängt schon mal mit den Vorbereitungen an:

Ladies and gentlemen, ich darf Ihnen die zwei neuen STARS auf Double Eagle vorstellen (man achte auf die angebrachten Namen in Bild 2 und 3):














"And it burns, burns, burns, like the ring of fire !"



Grüße,
Fantomas

[Radikalinsky]

Antwort auf Beitrag Nr.: 33.151.226 von Fantomas96 am 24.01.08 01:15:57

@Fantomas
Welcome back an Bord! Ich hoffe, es war nix ernstes. Es ist irgendwie beruhigend, wenn der Thread-Master es auch in einer Krise wieder wagt, sich zu melden

Denn bald geht die Party richtig los (starker Rebound für Metalle und neue ATH´s für Edelmetalle bis Jahresmitte).

Dein Wort in Gottes Ohr. Fundamental hat sich ja nicht so viel geändert, außer daß das böse R-Wort öfter gespielt wird.

Gruß, Rad

[blackwhiteknight]

Antwort auf Beitrag Nr.: 33.151.226 von Fantomas96 am 24.01.08 01:15:57

Bin zwar noch nicht wieder fit, aber zumindest wieder "da" !

Fantomas, und ich dachte, Du inspizierst den Ring of Fire und hast es satt, zittrige Hände zu beruhigen.

Paß auf Dich auf! Gute Genesung und liebe Grüße

BWK

[Boersenkrieger]

Antwort auf Beitrag Nr.: 33.151.226 von Fantomas96 am 24.01.08 01:15:57

dachte schon das börsenbeben hätte dich zerrissen.... natürlich nix verkauft... bin ja nicht ballaballa

...dann mal nochgute Besserung !

[Fantomas96]

Antwort auf Beitrag Nr.: 33.151.226 von Fantomas96 am 24.01.08 01:15:57

Denn bald geht die Party richtig los (starker Rebound für Metalle und neue ATH´s für Edelmetalle bis Jahresmitte).


Das das mit den ATH bei Gold (915,10) und Silber (heute nur um ein paar Cents verfehlt) aber so schnell gehen würde, habe ich nun auch nicht gedacht.

Jetzt fehlen noch die Metalle, aber ich glaube der Rebound hat auch hier bereits begonnen.

Genau wie bei Noront (nach Abprall von unterstem Support Level um CAD 3,00).

Viel Spaß weiterhin allen Investierten mit diesem Top-Wert.

Gruß,
Fantomas

[Macros]

Sind an der Grenze zum Uptrend. Sollten wir wieder nach unten Abprallen könnten wir die 3 erneut Testen.

Der Abprall an der 200 Tage linie war aber ein gutes Zeichen. Bin gespannt wohin die großen uns nun schicken wollen.

[kaliho]

HALT !!!!!!!!!!!!

[Blanca_die_Haesin]

Noront Resources Ltd.: Highest Grade Hole to Date Encountered at Eagle One
Monday January 28, 10:47 am ET

TORONTO, ONTARIO--(Marketwire - Jan. 28, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT - News) is pleased to announce the receipt of assays on hole NOT-07-27 and 29 on its 100%-owned Eagle One occurrence within Noront's Double Eagle Project in the McFauld's Lake Area of northeastern Ontario. "The results from hole 27 are the highest grade encountered to date. This hole is quite significant as it contains high gold values within the massive sulphide zone not seen in earlier holes, and it extends the high grade massive sulphide zone to depth on this section. Results include thirty-five meters of massive sulphide averaging 7.91% nickel, 3.45% copper, 1.66 grams per tonne platinum and 12.79 grams per tonne palladium, along with 3.87 grams per tonne gold and 9.27 grams per tonne silver. Our immediate drill objectives are to complete infill drilling as required for resource estimate calculations and to begin drill testing several high-priority geophysical targets within the Double Eagle project area" states Richard Nemis, President and CEO of Noront.
ADVERTISEMENT

HIGHLIGHTS

- NOT-07-27 intersected mineralization between 112.8 meters and 159 meters that over 46.6 meters averaged 6.25% nickel, 2.75% copper, 1.85 g/t platinum, 10.23 g/t palladium, 3.0 g/t gold and 10.3 g/t silver. This well mineralized zone contained a 35.6 meter wide massive sulphide mineralized section between 116.8 meters and 152.4 meters that graded 7.91% Ni, 3.45% Cu, 1.66 g/t Pt, 12.79 g/t Pd, 3.87/t Au and 9.27 g/t Ag.

- NOT-07-29 intersected mineralization between 18.3 meters and 84.2 meters that over 65.9 meters averaged 1.48% nickel, 1.1% copper, 1.18 g/t platinum, 2.94 g/t palladium, 0.12 g/t gold and 3.3 g/t silver.

- Two new drills have arrived at the project and have commenced drilling. There are now three drills on the project completing infill drilling and testing other geophysical targets.

- Airborne survey continues around the "Ring of Fire".




Assay results (Hole 27 and Hole 29)

---------------------------------------------------------------------------
Hole from to int Cu Ni Pt Pd Au Ag
(m) (m) (m) (%) (%) (g/t) (g/t) (g/t) (g/t)
---------------------------------------------------------------------------
NOT-07-27 112.8 159 46.2 2.75 6.25 1.85 10.23 3.0 7.26
---------------------------------------------------------------------------
including 112.8 116.8 4.0 0.12 0.2 0.31 0.42 0.02 0
---------------------------------------------------------------------------
followed by 116.8 152.4 35.6 3.45 7.91 1.66 12.79 3.87 9.27
---------------------------------------------------------------------------
followed by 152.4 155.5 3.1 0.9 1.7 2.26 4.54 0.11 2.1
---------------------------------------------------------------------------
followed by 155.5 159 3.5 0.26 0.28 0.41 0.46 0.11 0.2
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-07-29 18.3 84.2 65.9 1.1 1.48 1.18 2.94 0.12 3.3
---------------------------------------------------------------------------
including 18.3 35.0 16.7 1.36 1.65 2.48 3.87 0.08 3.6
---------------------------------------------------------------------------
followed by 35.0 70.5 35.5 1.3 1.81 0.82 3.04 0.12 4.2
---------------------------------------------------------------------------
followed by 70.5 84.2 13.7 0.22 0.42 0.49 1.45 0.12 0.5
---------------------------------------------------------------------------

Due to the irregular shape of the Eagle One Magmatic Massive Sulphide body, the drill intersections presented above are not true width. True width determinations will be referred to once the resource estimate is completed. Drill collar locations for holes NOT-07-27 and 29 have been presented in earlier press releases (see press releases dated December 21, 2007 and December 13, 2007).

Drilling Update (new holes completed)

Hole NOT-07-28 was drilled at local grid collar location 51+74E at 10+69N with a dip of 51 degrees along an azimuth of 270 degrees, being the same location as hole NOT-07-26 that was earlier abandoned. After 14.8 meters of overburden and limestone this hole entered granodiorite until 128.1 meters when olivine gabbro was encountered until 140.1 meters. Between 140.1 and 169 meters, peridotite was encountered, followed by mineralized peridotite to 175 meters. Net textured mineralized peridotite was then encountered and the hole remained in this rock unit until 217 meters. A thin zone of massive sulphide mineralization was encountered between 217 meters and 218.5, followed by net-textured mineralized peridotite to 223.2 meters. Mineralization was then encountered between 223.2 and 242.2 meters for a total mineralized length of 73.2 meters, followed by granodiorite to the end of hole at 253 meters.

Hole NOT-08-30 has started, positioned at local grid collar location 50+80E at 11+46N with an initial azimuth of 090 degrees, and an initial dip of -45 degrees. This hole is designed to test the Eagle One occurrence on the same section as hole NOT-07-24 and NOT-07-28. The hole entered limestone at 9 meters, then into a granodiorite regolith until 12.5 meters. Massive sulphide and net-textured mineralized sulphides mixed with semi-massive sulphides were then intersected to 20.6 meters. A narrow felsic dike was encountered between 20.6 and 21.7 meters, followed by net textured mineralization until 99 meters for a total mineralized length of 86.5 meters. The hole encountered peridotite/gabbro until 114 meters after which granodiorite was encountered.

Assay results are pending for holes NOT-07-20 through to 26 as well as hole 28. Due to the presence of rhodium in selected samples, additional sampling is underway on all earlier holes to determine the presence of rhodium in this Platinum Group Element enriched massive sulphide occurrence.

Start Up of 2008 Winter Operations

Field crews have now returned to the project area. The line cutting crew and geophysical crews along with the geological team arrived in early January. The first drill crew arrived during the first week of January to complete hole 28 started prior to the Christmas break. Aeroquest returned to the area during the second week of January and has commenced the continuation of the airborne program around the remainder of the "Ring of Fire". Two new drills have also arrived at the project site, contracted from Forage Orbit Garant of Val D'Or Quebec. Both of these rigs are now on site and have commenced drilling. Photos of these two new drill rigs can be found by following the link: http://www.norontresources.com/projects/double-eagle/index.h…

Ground geophysical surveys are now underway to define several anomalies detected in recently completed Aeroquest airborne surveys. The exploratory drill program will initially focus on these anomalies with one drill dedicated to testing anomalies, the other two drills will continue drilling holes at Eagle One as needed for a compliant resource estimate. Drill pattern is set at 37.5 meter pierce point spacing, felt by management as sufficient for resource definition for this type of mineral occurrence.

On Site Quality Assurance / Quality Control Measures

The aforementioned assay and sample information, as well as geological descriptions are taken from drill logs as prepared by the Project geologist for the drill program, Mike Kilbourne. Billiken Management Services Inc. is providing all services on site for the Noront Double Eagle Project, from their base camp at McFaulds Lake. Billiken is a holder of Certificate of Authorization issued by the Association of Professional Geoscientists of Ontario.

All assay work and sampling procedures have been included in earlier news releases. Chain of Custody includes delivery to ALS Chemex Laboratory in Vancouver BC, where all samples undergo analysis using ALS Chemex assay procedure AA46 for nickel, copper and silver, and ICP24 for Au, Pt, and Pd. When samples received over-limit values they underwent further analysis using ALS Chemex assay procedure ICP27 (for gold, platinum and palladium), as well as GRA21 for gold. The reader is referred to: www.alschemex.com for details of these analytical procedures.

Independent Quality Assurance and Quality Control Protocol

Gold, platinum and palladium are assayed using fire assay on a 50 gram nominal sample weight with an ICP-AES finish. Nickel and copper are assayed using aqua regia (3-acid) digestion with either ICP-AES or AAS finish. A comprehensive QA/QC program has been implemented to monitor all assays on the Double Eagle Project. Samples are assembled in numbered batches of 77 samples, which equates to the number of client samples per furnace batch at ALS Chemex. Included in each batch of 77 samples are 4 certified reference material samples, 3 blank samples comprised of sterile drill core, and 4 field duplicate samples. This QC program was set up for Noront by Tracy Armstrong P.Geo, of P&E Mining Consultants Inc. ("P&E") of Brampton, Ontario. Ms. Armstrong is a qualified geologist in the Provinces of Ontario and Quebec. Assay results are being monitored on an on-going, real time basis for accuracy, contamination and precision by P&E. The current sample set will be reviewed by Ms. Armstrong once some additional batches are completed, and will be reported upon in a timely manner.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

This press release has been prepared by management of Noront Resources Ltd., and has been approved for dissemination by Neil Novak P.Geo., a director Vice President Exploration of Noront, being a Qualified Person under Canadian Securities guidelines.

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 118,478,582 shares issued to date.

Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS:

R. Nemis, President and Chief Executive Officer.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

[Fantomas96]

Für alle nochmal zum Vergleich mit den heutigen News:




Gruß,
Fantomas

[Fantomas96]

Und für alle, die immer noch nicht glauben, daß wir es hier mit einer HÖCHSTGRADIGEN Mine (seit heute neben Nickel, Kupfer, Platin, Palladium und Silber auch noch hohe Goldgehalte und sehr wahrscheinlich Rhodium !) zu tun haben.


Bitte vergleicht selber :





Gruß,
Fantomas

[Fantomas96]

Und noch ein bildlicher Vorgeschmack, was uns durch Johnny und June in den nächsten Wochen und Monaten noch bevorsteht:







Gruß,
Fantomas

[Fantomas96]

@ ALL

Ich danke für die vielen Genesungswünsche und nehme kurz zu der aktuellen Situation Stellung:

die allgemeine Marktsituation hatte Noront voll erwischt und wir sind auf Kurse abgerutscht, die ich nicht mehr für möglich gehalten hatte (auch wenn ich stink bids auf diesen Levels hatte).

Ich habe aber keine einzige Aktie verkauft. Ganz im Gegenteil !

Ich beglückwünsche alle Trader, die den Mut zum Trading bei diesem Wert haben, denn die heutige News zeigt, wie schnell eine heftige Richtungsänderung passieren kann.

Ich bin in dem Marktumfeld mit Prognosen mittlerweile vorsichtig, aber ich glaube, wir haben die "kritische Masse" zum Nachweis einer profitablen Mine erreicht, für die Big Guys fehlt allerdings die offizielle Bestätigung der Tonnage (NI 43-101).
Richard und sein Team arbeiten fieberhaft daran, deshalb auch noch keine Ergebnisse weiterer Anomalien.
Ich denke, die Vorgehensweise ist richtig.

Wartet ab, was passiert, wenn eine zweite Anomalie positiv gebohrt wird, dann ist ein neues ATH fällig. Bis dahin hoffentlich ein Seitwärtstrading im Bereich $4-5.

Und wenn ich auf die ATH´s bei Edelmetallen sehe, warte ich eigentlich zum krönenden Abschluß nur noch auf die Rampenfertigstellung bei Windfall und die ersten Bulk-Sampling Ergebnisse.

Allen Investierten weiter viel Spaß mit diesem Top-Wert.

Gruß,

[Fantomas96]

So, Leute, der "Ring of Fire" wird wieder "heißer", Noront gibt den Ton an und es würde mich nicht wundern, wenn Richard in Kürze mit einer weiteren Überraschung (visibles DE2) aufwarten würde (wo er wohl am Freitag so schnell hinmußte? doch wohl nicht in den frostigen Norden?).

Ich bin mir aber nach viel Recherche mittlerweile sehr sicher, daß hier noch einige andere Player in den nächsten Monaten positiv überraschen werden mit dem Ergebnis :

ein neues Mining Camp entsteht in Ontario und es wird durch einen/mehrere Major/s "aufgekauft" und "entwickelt" und einige der heutigen "Explorer" werden unglaublich davon profitieren.

Gerade bei den "Hauptakteuren" ist nicht mehr viel Zeit, sich zu positionieren, wenn man dem Preis nicht hinterherlaufen will, einige (noch) unbekannte Firmen werden nach Funden riesige Sprünge machen (s. Noront im September 07).

Also: Infos beschaffen und positionieren und am Besten ein paar Monate warten (wer mutig ist hat natürlich auch excellente Trading Chancen, da sehr volatile Entwicklung (s. NOT,BMK et al.)).

Gruß und auf eine vielleicht sehr "explosive" Woche.

Fantomas

[Fantomas96]

Und hier noch eine interessante Mail aus Kanada:

http://www.agoracom.com/ir/Noront/messages/715390


I spoke with Richard 20 minutes ago

Posted by: tcp1002 on January 31, 2008 06:36PM


He's been very busy. I tried him yesterday but he did not call back. Today I tried 2 times and the third time I decided to wait on the phone until he came. I waited about 40 minutes on my cell phone and he finally came on when I was driving home on the 401 highway. I pulled to the side of the road and we chatted for about 5 minutes. He apologized for keeping me so long and then he said he had 4 more lines waiting.

Anyway it's all good news. Here's what I asked.

Windfall- they are working currently on the portal open face. All the ground work, ponds roads etc. are done. On the portal they are drilling 6-8inch holes to blast out the and then they will start drilling the actual portal. Bulk sampling from this is expected in July. He said so far everything looks good and going as planned.

On the Hunters molybdenum project he said that they are working on the 43-101 to update what they have. They could be mining this by late spring he said and that they have about 3.5 million pounds. He sounded happy on the way this project is going.

On Mexico- he sai the contracts with the share certificates went out today and that he is expecting to get the transfer into a Mexico company done soon. He is going to JV this project ad keep 50%.

On China- the negotiation are done and he expects to get the additional ground he was looking for over the next 8 weeks. He was pleased about this and he said it loks really good.

Finally on the DE1- working on the 43-101 and should be completed by theend of March. Today he did 3 more JV's with different partners and will be announced. We will keep 50%. I didn't ask who they are. I asked about the 3 drills and if they are all going. He said yes but he will get rid of one (the Cabo) as it is old and breaks down. Then we will go down to 2 drills but will increase that to 4 some time latter on. He said June and Johny are doing a great job right now around the ring of fire. We laughed about this. Then I asked the question from Herbertwiebe about the down hole geometrics. He said to test the geophysics they have to set up targets and find out exactly where they are. Currently they have found one near hole 30. he is very pleased and excited about this project.

I told him I was really worried when it went down beow $3.00 recently and I thought I had missed my chance to sell after holding it for 13 years and not selling a single share. He laughed and said not to worry as I'll be ale to sell it at $XX.XX but he asked me not to print this.

Guys you know I've held this for so long and all I can say is hang in there as we have a long way to go. I'm excited every time I call as there is nothing but good news coming. He did say there will be many more announcements.

Got to Go as the wife is upset supper was on the table 15 minutes ago.

Oh yes Richard is out of town tomorrow.

GLTA and hang in there we have a long ride coming up. Tcp.



Gruß,
Fantomas

[Fantomas96]

Nun doch ein PP : 6,5 Mio. Aktien zu CAD 4,00 mit 1/2 Warrant (3,25 Mio. Aktien) zu CAD 5,00





http://biz.yahoo.com/ccn/080204/200802040439965001.html?.v=1


Noront Resources Ltd. Announces Private Placement

Monday February 4, 9:06 am ET


TORONTO, ONTARIO--(Marketwire - Feb. 4, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT - News) is pleased to announce that it has received firm commitments from several investors for a private placement of 6,500,000 units of Noront for aggregate gross proceeds of $26,000,000. Each unit is priced at $4.00 and consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of Noront at an exercise price of $5.00 for a period of two years from the date of issue, subject to accelerated expiry, being 30 days after the common shares of Noront have closed at or above a price of $6.00 for ten consecutive trading days. Noront expects to close on this private placement on or before February 6th, 2008. IBK Capital Corp. acted as agent and J.P. Morgan Securities Inc. acted as financial advisor for Noront on this transaction.

Richard Nemis, Noront's president and chief executive officer, said: "This placement will permit Noront to accelerate the exploration and definition of its very attractive nickel-copper-platinum-palladium discovery in the James Bay Lowlands."

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 118,478,582 common shares issued to date.

Investors are invited to visit the Noront Resources Ltd.'s IR Hub at www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS

R. Nemis, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


Contact:
Richard Nemis
Noront Resources Ltd.
President and Chief Executive Officer
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.norontresources.com


Gruß,
Fantomas

[Blanca_die_Haesin]

Antwort auf Beitrag Nr.: 33.264.234 von Fantomas96 am 04.02.08 18:26:35

Mal schauen, ob es als Verwässerung angesehen wird !

[Fantomas96]

ERKLÄRUNG

http://www.agoracom.com/ir/Noront/messages/718042#message


Re: Just spoke with company......

Posted by: Canseco on February 04, 2008 10:25AM

In response to: Just spoke with company...... by Canseco


I just got off the phone with Mr. David Graham, a director of the company. Richard is out of the country.

Noront management has been working on this for a while now. The price of the PP was lower a couple of weeks ago, but RN managed to work it up to this level.

Because of all the turmoil in the capital markets recently, management came to the opinion that they should do a relatively small PP now while they had the chance.........apparently they believe funds for this type of financing are tight right now, and may become tighter. Mr. Graham said we may see financings of other companies cancelled.

Management believes it is better to take funds at this price now, to ensure fast progress at Double Eagle, rather than take the chance of getting caught needing funds later at "who knows what market conditions".

Personally I am satisfied now, based on the conditions described by Mr. Graham.

All engines full speed ahead!

Holding with confidence, Canseco


Gruß,
Fantomas

[KNORPEL]

Aus der Jannuar-Praesentation die JV-PARTNER (zur besseren Uebersicht)



Gruß KNRPEL

[Boersenkrieger]

Antwort auf Beitrag Nr.: 33.265.424 von Fantomas96 am 04.02.08 20:07:41

mit der Erklärung kann man leben... klingt für mich ein bischen nach sicher ist sicher in diesen turbulenten Zeiten und es wird dem Fortschritt dienen.

[Fantomas96]

WEITERE PP`s

Nach der gestrigen Veröffentlichung eines Joint Ventures mit LUND GOLD (LGD.V)


http://www.agoracom.com/ir/Noront/messages/719545#message


kommt heute die noch sehr junge Gesellschaft (Mai 2007) INTRINSIC MINERALS dran


http://www.agoracom.com/ir/Noront/messages/719548#message


Damit sind wir jetzt bei 6 Joint Ventures, Richard hatte aber 10 "auf seinem Tisch liegen", da kommt in den nächsten Tagen und Wochen wahrscheinlich noch Einiges aus dieser Richtung.


Gruß,
Fantomas

[Fantomas96]

Und hier noch die Map zur Übersicht der Lage der JV-Claims (außer Lund und Intrinsic):








Gruß,
Fantomas

[Fantomas96]

Antwort auf Beitrag Nr.: 33.279.294 von Fantomas96 am 06.02.08 00:31:31

Wie man schön sehen kann, befinden sich die Joint Venture-Claims auf der "Ring of Fire- Uhr" zwischen den 12.00 Uhr und 15.00 Uhr -Positionen:

1. Seafield (12.00 Uhr)
2. WSR (13.00 - 15.00 Uhr)
3. Hawk (15.00 Uhr)
4. Southampton (15.00 Uhr)


Ich denke, Lund Gold und Intrinsic JV-Claims werden sich direkt östlich und südlich im Anschluß an die Hawk- und Southampton-Claims befinden.


Gruß,
Fantomas

[Fantomas96]

NORONT´S FUND "EAGLE ONE" im neuen Mining Camp in Ontario:






Auf noch viele weitere Adler !


Gruß,
Fantomas

[mike32]

Noront Resources Ltd. Announces Closing of Private Placement
Thursday February 7, 9:15 am ET




TORONTO, ONTARIO--(Marketwire - Feb. 7, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT - News) has closed a private placement of 6,500,000 units of Noront for aggregate gross proceeds of $26,000,000. Noront is very pleased to announce that Rosseau Asset Management; Pinetree Capital Ltd.; Robert McEwen, President, Evanachan Limited; Pierre Lassonde, Chairman, Franco-Nevada Corporation; Sprott Asset Management; and Northfield Capital Corporation purchased a substantial portion of the units in this private placement.
Each unit was priced at $4.00 and consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of Noront at an exercise price of $5.00 for a period of two years from the date of issue, subject to accelerated expiry, being 30 days after the common shares of Noront have closed at or above a price of $6.00 for ten consecutive trading days on the principal exchange on which Noront's common shares are listed for trading. The common shares and warrants comprising the units, and the common shares underlying the warrants, are subject to a hold period which expires on June 7, 2008. IBK Capital Corp. acted as agent and J.P. Morgan Securities Inc. acted as financial advisor for Noront on this transaction.

"This financing will provide Noront with the financial strength to develop its assets independent of near-term market fluctuations", stated Richard Nemis, President of Noront.

Wasserman Morris Issues Research Update for Noront

Wasserman Morris and Company, an independent investment research firm, released an equity research update of Noront on February 5, 2008. Wasserman Morris reiterated a speculative buy rating. The report is available for viewing at http://www.wassermanmorris.com. Wasserman Morris is an equity research firm providing research for small cap companies. Wasserman Morris distributes its research to a broad audience of institutional and individual investors seeking information on under-followed small cap stocks. A third party has paid Wasserman Morris on behalf of Noront for one year of coverage as detailed in the report. Neither Wasserman Morris nor the analysts own equity or debt securities of Noront. More information about Wasserman Morris policies can be found at www.wassermanmorris.com.

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 118,478,582 common shares issued to date.

Investors are invited to visit the Noront Resources Ltd.'s IR Hub at www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.
ON BEHALF OF THE BOARD OF DIRECTORS

R. Nemis, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



Contact:
Richard Nemis
Noront Resources Ltd.
President and Chief Executive Officer
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.norontresources.com


--------------------------------------------------------------------------------
Source: Noront Resources Ltd.


http://biz.yahoo.com/ccn/080207/200802070440750001.html?.v=1

[Radikalinsky]

der 9-seitige Research Report von Wasserman Morris findet sich hier:

http://www.wassermanmorris.com/files/norontresources_researc…

[Fantomas96]

Antwort auf Beitrag Nr.: 33.297.742 von mike32 am 07.02.08 16:26:43

Noront is very pleased to announce that Rosseau Asset Management; Pinetree Capital Ltd.; Robert McEwen, President, Evanachan Limited; Pierre Lassonde, Chairman, Franco-Nevada Corporation; Sprott Asset Management; and Northfield Capital Corporation purchased a substantial portion of the units in this private placement.


Excellente Beteiligung am Private Placement.

Das wird langfristig sehr wertvoll für Noront sein, denn speziell Rob McEwen und Pierre Lassonde geben sich nicht mit +10% zufrieden, die suchen Multi-Bagger (und haben sie in der Vergangenheit auch gefunden).

Allerdings über einen Namen bin ich nun sehr in Rage gekommen:

Sprott Asset Management

Diese sch.... Analysten (Tardiff, Embry) sollen mir doch gestohlen bleiben.

Vor ein paar Wochen machen sie Noront noch auf BNN öffentlich "runter", während sie sich gleichzeitig am PP beteiligen, nur um den Preis für das PP zu drücken und gleichzeitig noch billig Shares am Markt einzusammeln.
(Diese Aasgeier !)

Gut das Richard verhandelt hat und den Preis von $3 auf $4 erhöhen konnte.

Diese LÜGNER und BLENDER !!! PFUI !!!!

Das erinnert mich an eine Person in diesem Thread vor einiger Zeit, die nur danach schaute, wo Sprott (SAM) beteiligt war, um diese Firmen zu kaufen.

Schade, daß SAM hier an Bord ist. Wenn Noront nicht so ein super Investment wäre......
Ich werde auf jeden Fall in Zukunft einen großen Bogen um Sprott und seine Empfehlungen machen !!!

Gruß,
Fantomas

[Fantomas96]

http://www.agoracom.com/ir/Noront/messages/721287#message


Just talked to David Graham
Posted by: d12 on February 07, 2008 11:17AM


Alright, I just got off the phone with David Graham and this is how the discussion went:


First off, I would like to point out that he is an incredibly nice man.


Question#1: Why do a PP now and not wait for a later time to hopefully get more.

Answer#1: He mentioned that todays NR showed that market conditions had a big role in this transaction. He was referring to Richard's comments. He said he has been in this situation before and to wait to the last minute in these type of market conditions is a bad idea. You lose total control. He also mentioned that they originally wanted to do a larger PP for a bigger percentage of the company but instead they only did this small one to get the best of both worlds. They can now go about their business and continue working and when the time is right they will do the larger PP. They didn't want very much dillution this time around. This is exactly what most of us were thinking.


Question #2: How is work going on drilling other anomalies?

Answer #2: Things are going well and they are drilling. Conditions are tough because of the extreme cold. Visuals will be out as soon as they get them. Doesn't know exactly when but shouldn't be long.


Question #3: How is Windfall going and will we here something soon with regards to an update?

Answer #3: Things are going great and he absolutely loves the team at Windfall. Very smart individuals with great attitudes. He actually laughed at how much he thinks of them. Of course he can't say when, but he says we will be hearing an update very soon.


Question #4: How is the 43-101 going?

Answer #4: We are pretty much done drilling but there is a possibility there could be 1 or 2 more holes depending on what is needed from them. Then it needs to go to the engineers to write it up, and this is all dependant on availability of services. Going as fast as they can and will put it out once its done.


Other notes: Things are going great and he seemed very happy. They think the PP was a great thing and believe it was very smart given what the markets could do in the next 3 to 4 months. The last thing he said to me was this. "stay on the edges of your seats, I can't say exactly when, because I honestly don't know, but when the next releases come out, things are going to get very, very interesting".


After talking with David I will be buying more stock with my wife RSP's. This is not a pump, but sometimes it really pays to talk to these guys. At this point it is not worth playing around as the next NR could be today, tomorrow or a week from now. But when it comes, things are going to get "very interesting".


Good luck all, and take care


Gruß,
Fantomas

[Fantomas96]

http://www.agoracom.com/ir/Noront/messages/721364#message


Another conversation with Mr. David Graham, Noront Director

Posted by: Canseco on February 07, 2008 12:03PM


First of all, if you ever get a chance to talk with Mr. Graham, you should. He has a very impressive style ....exudes confidence, and speaks with controlled enthusiasm. It is interesting to note that he is right there in the Noront office.........a hands on Director with 25 years experience in the mining/exploration business.

Back up one step.......the lady answering the telephone at Noront the last few days, is not Elaine. Elaine is always a pleasure to speak with, but this person is excellent also. The other day when I called, she enquired as to the nature of my call, then made an effort to find someone to answer my questions about the financing NR. Today was the same. My point is that everyone I have spoken with at Noront is first rate. There is a business theory, that says, management tends to perpetuate itself. Richard Nemis seems to have rubbed off on everyone who works with him.

I called today, trying to clarify the status of drilling on the other anomalies. Mr. Graham could not confirm if they had actually drilled yet, but could confirm that the crews were at least at the new drill targets, and working on them. He mentioned that it is very cold up there and this has had some impact on the work. Mr. Graham clearly will only state that which he is sure of. My guess is we are drilling by now.......hang on to your hats!

Regarding the infill drilling, Mr. Graham said that it was close to completion, or may actually be done by now. Then they have to get the assays, and pass the results on to the engineering firm. It is possible that a bit more drilling may then be required, but Noront has been in close contact with the engineering firm, as to the details of what was required for the infill holes.

Next, I mentioned that in a previous NR, it was stated that lab turnaround time will be much different this year. I asked Mr. Graham if he could tell me anything about that.....were we going to use a different lab, or what. Very interesting answer.......no he could not tell me anything today, but he could on another day. Sounds like something coming on this front.

Last, but certainly not least, I asked Mr. Graham if there was anything else he could tell me, that I could pass on to the board. His response was," We are at a very exciting time....on the edge of their seats. Lots of targets at DE, not all necessarily will pay off, but........". The inference being that Noront management is very confident they have a tiger by the tail! Whoops, I mean an upsidedown elephant.

Holding with confidence,.... Canseco



Gruß,
Fantomas

[Fantomas96]

http://www.agoracom.com/ir/Noront/messages/721388#message


My Phone Call with NOT

Posted by: quiz on February 07, 2008 12:13PM


d12 and I must have been on line 1 & 2. I spoke with David Graham also.

My reason for calling was not to ask about the share price or his perception of it but more of the mechanics of the exploration as well as the Feb.5th Wasserman Research Note.

So I think this summation will compliment D12 notes.

First I want to say there was no pumping and very direct answers and when he didn't know the answer he stated that and told me who to call to get the answer.

We traded war stories and asked him if any of the crew at DE was getting bushed. He said they were very aware of this and made sure people rotated out

Wasserman Report/PP

They stated a cash position of $30 M. Asked if this was inclusive or exclusive of the recent PP. Thought it did not include the proceeds of the PP.

They show shares of 124 million which according to him is fully diluted including options. The new PP and warrants have to be added to this

Asked about fees - stated about 3% which is pretty good.

DE

Happy with new drills but has been 50 below so having trouble with drilling water.

My questions were:

How many drills operating now?

two

What hole number are they on?

Not sure. Call back when JH back in office.

How many more holes for 43-101?

Thought they were finished unless consultants say they need one or two more holes.

Have you selected an engineering company to do 43-101?

Not absolutely sure but thought had a couple of proposals and could possibly be P&E Engineering the company that did work at Windfall.

Where are the drills now?

Drilling anomalies. Were moved recently to anomalies.

WINDFALL

Are there any tonnage restrictions under the permit for the bulk sample?

Yes. Thought it was in the order of 100,000 t but would have to check on that.

Are they driving the decline now?

No. Still working on the portal (entrance)

What will you be doing with the bulk sample? Will you run a sampling plant on site or sending it to a commercial mill and if so where?

We discussed the pro and cons of running the sample at a commercial mill. This is what they probably will do but likes the idea of a sampling plant. They have not selected a mill yet.

Are you doing any diamond drilling at Windfall right now?

No thought program was completed for now.

I closed off the call with can't wait for results of drilling the anomalies and he stated me too.

I will follow up next week.

Hope this helps.


Gruß,
Fantomas

[Fantomas96]

NORONT in "The Prospect News"


http://agoracom.com/executive/prospector.pdf



Gruß,
Fantomas

[Radikalinsky]

Antwort auf Beitrag Nr.: 33.313.173 von Fantomas96 am 08.02.08 18:54:09

Steht denn im Prospect was wesentlich anderes als in Noronts Meldung?

Mir ist nur aufgefallen, daß dieser Rob McEwen im PP dabei ist, der auch bei BMK drin ist und mit US Goldcorp ein Vermögen gemacht hat.



Könnte ein gutes Zeichen sein. Als am 31.10. rauskam, daß er in BMK drin ist, ging der Kurs kurz mal 50% hoch, um dann wieder einzubrechen.

[Blanca_die_Haesin]

Antwort auf Beitrag Nr.: 33.317.287 von Radikalinsky am 09.02.08 00:56:41

Mc Ewen wird derzeit als der Mann mit dem Investitionsriecher im Minen- und Explorersektor angesehen.

Seine Investition ist in meinen Augen ein glasklarer Beweis für die Qualität der jeweiligen Aktie!

Schönes WE !

Blanca

[Boersenkrieger]

Antwort auf Beitrag Nr.: 33.317.830 von Blanca_die_Haesin am 09.02.08 10:17:29

wo ist er denn sonst so drin

[Fantomas96]

Antwort auf Beitrag Nr.: 33.317.287 von Radikalinsky am 09.02.08 00:56:41

Aus dem Prospect News Report (der überwiegend an institutionelle Anleger und Hedge-Fonds geht):


....


“This financing will provide Noront
with the financial strength to develop its
assets independent of near-term market
fluctuations,” Noront president Richard
Nemis said in a press release.
In a research note written for
Wasserman Morris shortly after the financing
deal was announced, Montecito Capital
Management managing partner Kipley J.
Lytel highlighted that recent surveys suggested
that Noront was sitting on property
with “immense potential.”
“We believe the catalyst for further
share price appreciation will be based on
the release of results
from additional drill holes, which will
likely extend the zone of mineralization
to depth,” Lytel wrote in the notes. “One
also cannot discount the possibility that the
company could be a take-over target of an
integrated base mineral mining company.”
Lytel, who has a speculative buy
recommendation on the stock, told Prospect
News in a separate interview that he does
not foresee a buyout by a private equity
group or an asset management firm, but
rather a transaction with a mining major
after the resource potential is firmed.
“Noront is not geared to move from
exploration to commercial production,” he
said. “There are several majors operating
in the Double Eagle region. Also, Noront
is sitting on many other high priority geophysical
targets.”
Lytel expects that the current financing
will last Noront for the year.
“Even with the two new drills, we view
Noront’s approximately $45-50 million in
cash resources sufficient to meet exploration
& resource calculation objectives for
calendar year 2008,” he said. “They will
also likely establish further shared funding
arrangements similar to the recently
announced option with Intrinsic Minerals.”


- genügend cash für 2008
- hohe buy-out Wahrscheinlichkeit nach hinreichender Definition des Deposits
- weitere hochgradige Bohrziele vorhanden
- Übernahme durch große Minengesellschaft am wahrscheinlichsten, da Noront nicht auf Produktion ausgerichtet ist


Gruß,
Fantomas

[Fantomas96]

Wie ich schon geschrieben habe:

große Namen im PP (bin nicht über alle glücklich, s. mein Kommentar in Posting #610):

1. Rousseau Assett Management , Gründer Warren Irwin, Bay Street-Größe mit Top-Hedge-Fonds 2006 (http://www.prnewswire.co.uk/cgi/news/release?id=189150),
Beteiligung auch beim PP von UC Resources

2. Sprott Assett Management (s. Posting #610), Bay Street-Größe

3. Pinetree Capital, Sheldon Inwentash, Chairman and CEO der Investment Bank, am PP von BMK beteiligt, CEO Mega Uranium, Director Aurelian Resources ... (http://infoventure.tsx.com/TSXVenture/TSXVentureHttpControll…),
auch einer der Großen im Minen-Business

3. Pierre Lassonde,



wie Rob McEwen eine der Größen im Minenbusiness, früherer Präsident von Newmont Mining, am PP von BMK beteiligt

4. Rob McEwan,



Chairman und CEO von US Gold Corp., ebenfalls eine Minenbusiness-Größe mit einem "guten Riecher", auch beim PP von BMK dabei

5. Northfield Capital Corporation, Investment Firma aus Toronto

http://www.northfieldcapital.com/AboutUs.php



Es ist also hauptsächlich die Bay Street beteiligt, was ich als Zugeständnis sehe, daß Noront von dort in Zukunft mehr Unterstützung bekommt und nicht permanent "geshorted" wird, die Big Player des Investment Bankings sollten damit zufriedengestellt sein.
Mit den Privatengagements von Rob McEwan und Pierre Lassonde sehen wir Top Guys aus dem Minenbusiness, die sich mit Noront nun an dem Top Investment in James Bay beteiligen können, nachdem sie bereits bei dem (günstigeren aber unsichereren) BMK-Play eingestiegen sind.

Generell also alles sehr positiv, Noront kann jetzt auf eine breite Unterstützung von angesehenen Größen und Firmen zählen.
Mal sehen was die nächsten Wochen nun an der Drill-Ergebnis Front bringen.

Gruß,
Fantomas

[Fantomas96]

http://www.agoracom.com/ir/MacDonald/messages/723492#message


Source: Investorideas.com, Hawk Uranium Inc., Noront Resources Ltd , MacDonald Mines

Investorideas.com Reports on Resource Companies in the McFaulds Lake Area -- the Next Big Base Metal Play?

Tuesday January 29, 9:00 am ET


Who's on Base?... Noront Resources Ltd, MacDonald Mines Exploration Ltd., Hawk Uranium Inc., KWG Resources Inc., Spider Resources Inc. and a Growing List of Juniors

POINT ROBERTS, WA and DELTA, BC--(MARKET WIRE)--Jan 29, 2008 -- www.InvestorIdeas.com, a leading global investor and industry research resource portal covering mining stocks, reports on the McFaulds Lake Area, a highly followed base metal play. The McFaulds "Ring of Fire" will be one of the plays discussed in the third Investor Ideas online investor mining conference to be held February 27, 2008, themed: "The Global Hunt for Commodities - Finding the Next Big Play in Mining Stocks."

In a volatile market, investors continue to speculate on one of the hottest potential mining plays to come around in a while and the juniors are lining up to follow the money.

A growing number of resource companies have joined Noront Resources Ltd (CDNX:NOT.V - News) in the McFaulds Lake "Ring of Fire" area including : MacDonald Mines Exploration Ltd. (CDNX:BMK.V - News), KWG Resources Inc. (Market, News), Spider Resources (Market, News) and Hawk Uranium Inc. (CDNX:HUI.V - News).

Hawk Uranium Inc. (CDNX:HUI.V - News) will be one of many publicly traded mining companies presenting with leading industry resource experts, in the upcoming Investorideas.com online investor conference.

Hawk's President Vance White commented regarding their McFaulds properties, "We are very pleased to have an opportunity to be part of the McFaulds 'Ring of Fire' play by participating with the two major players in the area. We have had a long standing relationship with the principals of both Noront and MacDonald. Both companies have excellent management teams and exploration personnel."

"I believe that the Noront discovery will become a very significant discovery and the McFaulds district; a significant new mining district. This entire play will evolve over the next few years. One must remember that this area of Northern Ontario is a very under explored area and with the advent of modern geophysical techniques and equipment a number of new discoveries could well come out of the area. Also with the construction of the road into the DeBeers Victory diamond mine one will have greater and easier access to the area."

Brent Nykoliation, Director of Business Development, MacDonald Mines Exploration (CDNX:BMK.V - News), noted, "We are very pleased to announce that a major drill program on MacDonald and Joint Venture ground with Temex Resources, Baltic Resources and Hawk Uranium will commence in February. We will be moving a second drill into the area in early March and anticipate that MacDonald Mines along with 5 or 6 other companies will be fully engaged in winter/spring drill programs."

He went on to say, "We anticipate that the current airborne survey will produce multiple geophysical targets on both the MacDonald Mines and Joint Venture ground, Equally important to note, MacDonald Mines still has very good targets on the McNugget, Big Mac and the Joint Venture Property with Hawk Uranium that were identified from its previous airborne survey and still must be drill tested."

In any sector -- it's wise to research who is investing the "smart money." In the center of this play is IBK Capital Corp. of Toronto, who has provided private placements for several of the key players, starting with Noront Resources: $35 million, in addition to MacDonald Mines: $10.5 million, Hawk Uranium: $2 million, Spider Resources: $2.76 million and Seafield Resources: $0.85 million. IBK continues to raise funds for other companies active on the Ring.

According to Michael White, Vice President of IBK Capital, "Noront's Eagle One deposit is a world class nickel-copper-platinum-palladium discovery. Results to date are very encouraging and warrant substantial follow-up by Noront and others in this area now dubbed the Ring of Fire. The Ring of Fire is three times the size of the Sudbury Basin and will require considerable funding for exploration going forward. The combined budgets of companies exploring on the ring already total $60 million for 2008 and we believe $250 million will be spent on exploration over the next five years. We are delighted to be involved with this world class discovery and pleased to provide investment banking services to strong management teams committed to the area. To date we have raised over $50 million dollars for companies active on the Ring of Fire."

The Company that made the area known to investors, Noront Resources Ltd., is also the most aggressive in the area, reports the company.

According to Noront's President, Richard Nemis, "Many investors and Mining Analysts have indeed compared Noront's Eagle One Nickel-Copper-PGE discovery to other significant historical mining plays in Canada, including; Voisey's Bay and Hemlo. This project, although only a few months old, has already attracted the attention of many new investors while rewarding old investors for their support of Noront over many, many years. The discovery has raised the eyebrows of many senior explorers that are watching from a distance, the developing exploration play by many 'Bay Street juniors' as these company's assemble strategic land positions around the Ring of Fire. This comparison is likely due to the market attention, as well as the staking rush that has happened over the past 3 or 4 months in this isolated region of Northern Ontario, however the comparison is not likely to do with the geology of these two world class mining projects, as the geology of the Eagle One occurrence is quite different from that of Hemlo or Voisey's Bay. Eagle One is a magmatic massive sulphide, bearing some genetic similarities to Voisey's Bay, however, Eagle One has quite high levels of Platinum and Palladium along with the high nickel and copper content, the likes of which are not seen in Voisey's Bay Cu-Ni-Co deposits. Noront would compare the geology and mineralization to that of the many Ni-Cu-PGE occurrences and deposits (including Xstrata's Raglan deposit) in the Ungava Region, Northern Quebec, where similar grades of these base and precious metals are found."

"Noront is currently the most aggressive company in the area with respect to drilling, geophysical surveying, and land acquisition (staking claims and optioning properties that have been assembled or maintained by other explorers in the area). Noront is looking at the Double Eagle project as a regional play, has commenced a region wide airborne survey, the scope of which will rival those done in the past in the other historical areas mentioned above. Based upon information from this survey, Noront will be prioritizing anomalies for ground geophysical and drill test follow-up, starting in early 2008. The drilling will continue on the Eagle One occurrence and in its immediate surrounds, until this occurrence is understood well enough to prepare a preliminary resource estimate. Eagle One will be used as a model by Noront, to look for other look alikes in the immediate vicinity, and as such, the detailed geophysical and geochemical signatures from our ground work will be kept confidential and in-house. This will provide an exploration advantage to Noront in the area over the some of the competition that is new to the area, perhaps prompting others to join forces (JV) with Noront. Noront anticipates a very aggressive exploration campaign throughout 2008 that will hopefully translate into an increase in the shareholder value in the company."

Another name in the "Ring" is Pinetree Capital, (Market, News) who has purchased shares of several junior mining companies exploring the McFaulds Lake, including Noront Resources and MacDonald Mines Exploration.

Other companies with properties in the area include Fancamp Exploration Ltd., Goldeye Explorations Limited, 50:50% Joint Venture Partner, Tribute Minerals Inc and Probe Mines.

For investors following the McFaulds play, follow the leader, Noront, for results and follow the money to see if further capital is invested in the area. Time will tell if this is another historic mining play in Canadian history.


(Den letzten Absatz beachten !)

Gruß,
Fantomas

[Fantomas96]

http://biz.yahoo.com/ccn/080211/200802110441346001.html?.v=1


Intrinsic Minerals Ltd. Announces Second Option Agreement With Noront Resources Ltd. to Acquire 50% of 17 Claim Blocks in the "Ring of Fire"

Monday February 11, 3:17 pm ET


TORONTO, ONTARIO--(Marketwire - Feb. 11, 2008) - Intrinsic Minerals Ltd. ("Intrinsic") is pleased to announce that it has entered into an option agreement with Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT - News) pursuant to which Intrinsic has been granted an option to acquire a 50% legal and beneficial interest in 2 properties consisting of a total of 17 claim blocks (covering a total of 212 claim units) for a total area of 3,392 hectares along the Ring of Fire located in the McFaulds Lake area in northeastern Ontario. This is the second such agreement between Intrinsic and Noront.

To earn and maintain its interest in the property, Intrinsic is required to:

1. Pay to Noront a sum of $260,000 payable in the form of 520,000 common shares of Intrinsic;

2. Fund $4,550,000 of exploration expenditures on the property over a three year period (of which $1,300,000 must be incurred in the first year); and

3. Make additional aggregate cash payments to Noront of $520,000 within two years of entering into the option agreement. The cash payments may be satisfied, at the option of Noront, through the issuance to Noront of 1,040,000 common shares of Intrinsic.

Upon Intrinsic earning its 50% interest in the property, Intrinsic and Noront shall form a joint management committee to further develop the property as a joint venture with Noront acting as the operator.

About Intrinsic:

Intrinsic is a private company incorporated in May 2007 for the purpose of acquiring and exploring highly prospective mineral properties. The company's investors, management, Board of Directors and Advisory Board include a respected team of professional geologists with a wealth of exploration, evaluation, negotiation and development expertise, as well as individuals from related technical service sectors and the investment industry.

In addition to its participation in the Ring of Fire, Intrinsic has a portfolio of properties prospective for nickel in Northern Labrador, several of which are under option to Celtic Minerals Ltd., as well as properties forming part of the Sops Arm Group, located on the eastern margin of the Humber Zone of the Appalachian Orogen in northern Newfoundland, and host to many of the gold and base metal occurrences in the area.

Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS: R. Nemis, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


Contact:
Richard Nemis
Noront Resources Ltd.
President and Chief Executive Officer
[phone]
[phone] (FAX)
Website: www.norontresources.com

--------------------------------------------------------------------------------
Source: Noront Resources Ltd., Intrinsic Minerals Ltd.




Gruß,
Fantomas

[Fantomas96]

http://www.agoracom.com/ir/Noront/messages/727428#message


An Update - Telephone Conversation with Novak
Posted by: quiz on February 13, 2008 11:55AM


As a follow up to my telephone calls last week to NOT, and after playing telephone tag this week, I was able to connect with N. Novak. The purpose of the call was to get an update on the drilling progress at DE.

The call was also an attempt to quite down the rumour mill.

First let me say that the controls they have onsite to insure information is not leaked are very tight. Only three geologist touch the core and the core is sealed. The chain of custody is followed very tightly. He stated the drillers are in a seperate camp from the geos.

He has email communication with the site and his project manager and gets daily updates.

The exploration project is being run in very professional manner and by a professional(s).

RN and JH are on holidays needing a break. They will be back next week. As explained to me they want to be back when a NR is issued as the phones light up and do not want one person to face the in rush!!!

These guys are very busy but have things under control.

Here are some of the questions.

Where are the drills drilling and what depth of hole?

Both drills are testing anomalies with one being close to DE1 incase they need to drill additional holes for 43-101.

They have completed up to Hole 36/37 on DE1. Samples are in the lab.

Anomaly drilling. Finished one hole. Drills are advancing on second and third holes. Hole numbering system will be different for anomaly drilling.

Generally drilling up to 300 m holes.

Are you happy with new drills and what type of meters do you get?

Yes happy with drills but it is minus 45 and have trouble with freezing.

Hard to give an average meters per day right now but on a good shift can get between 60 - 70 meters .

Survey of existing holes ?

In progress have to make sure sections are on 37.5 m spacing for 43-101. If not need some more holes.

Do you have a backlog of core for logging?

Have three geos at site. They are keeping up with workload.

Here is the very interesting part - Probe drilled in 2006 13 holes near the anomalies they are now testing. They have the core and are now relogging and resampling the core. Getting a better understanding of the geology.

Status of outstanding assays and Rhodium work?

Assays for holes 20-25 & 28 are coming in now . Has some in hand.

The initial Rhodium and total PGE testwork on Holes 1,2 &5 are now coming in. With what is indicated now it is justified to go back and resample more core.

Have you ever done an ICP scan for all elements including Cobalt?

Yes we have and Cobalt levels were very low - 100s of ppm.

It was reported in a NR that Specific Gravities were completed on the core?

Yes did some initial in field tests now following up with lab work. Will be included in 43-101.

How is the 43-101 going?

P&E is working on it but still need results of survey work and drilling results for new holes in DE1.

Clarified that the study will be more of/include a sensitivity sort of scoping study for various open pit volumes - more of potential than absolute.

The resource will be 43-101 compliant. Probably safe to say report out in March.

As a Australian geologist friend of mine use to say "no worries".


Gruß,
Fantomas

[Fantomas96]

@ ALL

Ich hatte Richard eine Mail mit ein paar Fragen geschickt.

Hier seine Antwort (mittlerweile sind eine Antworten bereits bekannt):



RE: Mail for Mr. Richard Nemis (Please forward)
Von: Noront Resources ([e-mail])
Gesendet:Mittwoch, 13. Februar 2008 22:30:17
Antwort an:[e-mail]


An: 'XXXXXXX' ([e-mail])



Sorry for such a late reply to your interest, I am out of the country and only just received your email


Question:


1. Perhaps by the end of March

2. The ramp is proceeding, not expected to get to bulk sampling until June-July

3. They are meeting prospective investors daily

4. These decisions are still in discussion stage

5. This could be one alternative

6. Yes

7. Yes

8. I cannot comment on valuation at this time. Our 43-101 resource calculations are being worked on


Please review our web site for up to date progress

Best of Luck

R. Nemis

--------------------------------------------------------------------------------

From: XXXXXX [mailto:[e-mail]]
Sent: Tuesday, January 29, 2008 6:41 PM
To: [e-mail]
Subject: Mail for Mr. Richard Nemis (Please forward)



Dear Mr. Nemis.

I´ve initiated a thread on Noront back in December 2006 on one of the biggest investor hubs in Europe : WALLSTREET-ONLINE


http://aktien.wallstreet-online.de/informer/community/thread…


Although Noront is not as widely known in our community as it is in Canada (or the US) we are gaining momentum with every positive development of the company.

I bought into Noront because of Windfall and was very surprised when we hit at Double Eagle (as you probably were as well) and kept buying up to CAD 6,00, not selling one share so far.

With all the recent development, let me first congratulate you and your hard working team to the fantastic progress the company has made since the DE discovery in this very short period of time.

And, of course, we are all waiting for exciting news from Windfall.

Furthermore I´d like to express that a lot of people have faith in the further positive development of the company, mainly because of your integrity
and honesty towards ALL shareholders.

Although you have been quoted on Agoracom, not to listen to all the things that are said on the boards, I´d like to use this opportunity to ask some questions and would like to publish your answers on the board:


1. What is the expected timeframe for the NI 43-101 report for Eagle 1 ?

2. What is the current situation regarding ramp building at Windfall ? When can the first news be expected inregards to bulk mining results, realistically ?

3. What is the current situation with regards to JPM ("...to explore ways to create value for our shareholders.")

4. With our actual cash position (around $ 20m) and a burn rate of $ 2m/month, when do you expect to do another financing ? Or is it more likely to see a (partial) buy-in of a major company ?

5. Will we see a spin-off of the Mc Fauld´s claims (at least DE) ?

6. Is Noront still staking at Mc Fauld´s ?

7. Are there any further JV´s planned ?

8. Because we keep getting unbelievable drill results from DE (and everybody should know by now that this will be a mine), which are not reflected in the share price, what is YOUR valuation of the company and what kind of potential do you expect ?


Mr. Nemis, thank you very much for taking the time reading my mail and I am really looking forward to your answers.

Keep up the excellent work and best regards to you and your team !

Yours sincerely,

XXXXXX (FANTOMAS)

[Fantomas96]

Double Eagle supply run February 2008.

[Fantomas96]

Double Eagle camp January 2008.

[mike32]

http://biz.yahoo.com/ccn/080219/200802190442841001.html?.v=1


Noront Resources Ltd.: Drilling at Eagle One Further Defines Mineralization and PGE Testwork Reveals Presence of Significant Rhodium and Other Elements
Tuesday February 19, 11:06 am ET


TORONTO, ONTARIO--(Marketwire - Feb. 19, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT - News) is pleased to announce the receipt of additional assays on hole NOT-07-20, to NOT-07-25 on its 100%-owned Eagle One occurrence within Noront's Double Eagle Project in the McFauld's Lake Area of northeastern Ontario. "Recently received platinum group element assay results have confirmed that Eagle One is enriched with Platinum group elements including; platinum, palladium, rhodium, osmium, iridium and ruthenium." states Richard Nemis, President and CEO of Noront. The two new drills "Johnny and June" under contract with Orbit Drilling have begun testing various anomalies outside of the Eagle One occurrence. Progress on this exploration work will be provided in a timely manner.
ADVERTISEMENT


HIGHLIGHTS

- Precious group element test-work confirms presence of rhodium, osmium, ruthenium and iridium in selected samples. Hole NOT-07-05 between 111.5 meters and 115.6 meters down-hole. This 4.1 meter section averaged 3.2% copper, 3.62% nickel, 30.2 g/t platinum, 15.95 g/t palladium, 3.3 g/t gold, 8.1 g/t silver, 0.84 g/t rhodium, 0.15 g/t osmium, 0.21 g/t iridium and 0.42 g/t ruthenium.

- Assays from holes 20 to 26 are highlighted by hole NOT-07-24 where 54.8 meters averaged 1.91% nickel. 1.26% copper, 1.31 grams/tonne platinum, 3.46 grams/tonne palladium, 0.35 grams/tonne gold and 4.2 grams/tonne silver.

- An additional six holes were completed in January and early February to fill in drill pattern on Eagle One, down-hole surveying underway to confirm drill spacing in Eagle One, prior to next round of drilling while down-hole survey crews complete surveying of existing holes.




HIGHLIGHTS OF ASSAYS RECENTLY RECIEVED

---------------------------------------------------------------------------
Hole from to int Cu% Ni% Pt Pd Au Ag
(m) (m) (m) (g/t) (g/t) (g/t) (g/t)
---------------------------------------------------------------------------
NOT-07-20 113.9 128.2 14.3 0.24 0.74 0.5 1.61 0.06 1.2
---------------------------------------------------------------------------
including 113.9 125.1 11.2 0.29 0.86 0.59 1.84 0.08 1.4
---------------------------------------------------------------------------
and 125.1 128.2 3.1 0.08 0.32 0.2 0.79 0.01 0.3
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-07-21 144.0 174.8 30.8 0.50 1.1 0.71 1.86 0.11 2.2
---------------------------------------------------------------------------
including 144.0 162.0 18 0.25 0.71 0.47 1.06 0.06 1.1
---------------------------------------------------------------------------
and 162.0 174.8 12.8 0.86 1.65 1.05 2.98 0.19 3.9
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-07-22 222.4 244.5 22.1 0.14 0.65 0.16 1.4 0.03 0.4
---------------------------------------------------------------------------
including 222.4 223.5 1.1 0.6 7.15 0.19 16.65 0.03 1.4
---------------------------------------------------------------------------
and 223.5 244.5 21 0.12 0.31 0.16 0.6 0.03 0.4
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-07-23 241.1 243.2 2.1 2.16 1.14 0.93 5.78 0.17 12.9
---------------------------------------------------------------------------
NOT-07-24 119.0 190.5 71.5 1.12 1.81 1.06 3.18 0.27 3.6
---------------------------------------------------------------------------
including 119.0 133.0 14.0 0.14 0.39 0.23 0.72 0.03 0.1
---------------------------------------------------------------------------
and 133.0 187.8 54.8 1.26 1.91 1.31 3.46 0.35 4.2
---------------------------------------------------------------------------
and 187.8 190.5 2.7 3.33 7.07 0.25 10.23 0.04 8.9
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-07-25 235.5 238.7 3.2 0.47 0.85 0.32 1.53 0.06 2.4
---------------------------------------------------------------------------


Due to the irregular shape of the Eagle One Magmatic Massive Sulphide body, the drill intersections presented above are not true width. True width determinations will be referred to once the resource estimate is completed.

GEOLOGIC SUMMARY OF HOLES (ASSAYS REPORTED)

Hole NOT-07-20 was drilled to undercut hole NOT-07-19 (reported earlier). This hole entered peridotite at 17.2 meters and then went in and out of peridotite and olivine gabbro dikes until 48.6 meters, followed by peridoitite and a mafic dike to 113.9 meters. Then, well mineralized peridotite was encountered between 113.9 to 125.1 meters that averaged 0.86% nickel, 0.29% copper, 0.59 g/t platinum, 1.84 g/t palladium, along with minor gold and silver. Another mafic dike was encountered to 128.2 followed by granodiorite to the end of the hole at 144 meters.

Hole NOT-07-21 was drilled to undercut hole NOT-07-20 as described above. Similar to hole 20, this hole encountered olivine gabbro dikes and peridotite between 11.7 and 35.0 meters down-hole, then a weakly mineralized to barren peridotite was encountered to 144 meters. Well mineralized peridotite was encountered between 144 and 162 meters with a short felsic dike between 150 and 151 meters. Following this, a 12.8 meter long zone of semi-massive sulphides were encountered between 162 and 173.8 meters that averaged 1.65% nickel, 0.86% copper, 1.05 g/t platinum, 2.98 g/t palladium, 0.19 g/t gold and 3.9 g/t silver. This was followed by weakly mineralized peridotite to 174.8. A mafic dike was then intersected between 173.8 and 184 meters, followed by granodiorite to end of this hole at 183 meters.

Hole NOT-07-22 was drilled as an extension to the south, to test for continuity of the mineralized body in the southerly and down-dip direction. The hole entered granodiorite between 13.5 meters and 154.7 meters. At 154.7 the hole entered a strongly deformed and brecciated peridotite and remained in this rock unit until 209 meters when it entered an olivine gabbro. At 215.8 meters, peridotite was encountered to 222.4 followed by a short 1.1 meter wide massive sulphide section to 223.5 meters that was followed by peridotite with minor sulphides until 244.5. This 22.1 meter long section of massive sulphide and peridotite averaged 0.65 % nickel, 0.14 % copper, 0.16 g/t platinum, 1.4 g/t palladium along with anomalous gold and silver. Granodiorite was then encountered to the end of hole at 258 meters. This hole is interpreted as having just caught the bottom of the southerly plunging zone at a vertical depth of 200 meters.

Hole NOT-07-23 was drilled 37.5 meters north of hole 22 as an infill and delineation hole. After passing through 5.5 meters of overburden and limestone, this hole immediately entered peridotite (with a felsic dike) until 228.2 meters, when the hole entered granodiorite until 241.1 meters. The hole then went back into a peridotite with semi-massive sulphides between 242.4 and 243.2 meters. This section over 2.1 meters averaged 1.14% nickel, 2.1% copper, 0.93 g/t platinum, 5.78 g/t palladium, 0.17 g/t gold and 12.9 g/t silver. The hole then entered granodiorite until it was terminated at 293 meters. This hole has been interpreted as encountering the bottom of the southerly plunging zone at a vertical depth of 235 meters.

Hole NOT-07-24 was drilled to undercut discovery holes NOT-07-01 and 02. After passing through overburden, limestone to a depth of 16 meters the hole entered granodiorite and stayed in this rock unit until 65.4 meters when the hole encountered a mafic dike until 76.3 meters. The hole then reentered granodiorite until 83.1 meters. An olivine rich gabbro was then encountered between 83.1 and 100.4 meters. Peridotite was encountered between 100.4 until 119 meters down-hole. Mineralized peridotite was encountered to 140 meters, followed by net textured mineralized peridotite to 187.8 meters down-hole followed by a 2.7 meter wide massive sulphide section until 190.7 meters down-hole for a total mineralized zone width of 71.5 meters. This very wide zone averaged 1.81% nickel, 1.12% copper, 1.06 g/t platinum, 3.18 g/t palladium, 0.27 g/t gold and 3.6 g/t silver, this included a 2.7 meter wide massive sulphide section that averaged 7.07% nickel, 3.33% copper, 0.25 g/t platinum, 10.23 g/t palladium, 0.04 g/t gold and 8.9 g/t silver. The hole then entered a contact zone with the granodiorite and peridotite, in and out of granodiorite, ending in granodiorite at 233 meters.

Hole NOT-07-25 was designed to infill and delineate the Eagle One occurrence on drill section 3560 north, overcutting hole 23. This hole had azimuth directional problems due to extreme magnetic environment. The hole after passing through overburden and limestone entered granodiorite at 18 meters then entered a mafic dike between 43 meters and 52.3 meters then went back into granodiorite containing numerous mafic and felsic dikes until 252.7 meters, between 235.5 and 238.7 meters a serpentinized, black chlorite altered gabbro was encountered containing numerous fractures filled with chalcopyrite, pyrite and pyrrhotite. This 3.2 meter wide section averaged 0.47% copper, 0.85% nickel, 0.32 g/t platinum, 1.53 g/t palladium as well as anomalous gold and silver values. Highly altered (serpentinized) peridotite was encountered between 252.7 meters and 277.8 meters, the hole went in and out of the peridotite and a series of thin mafic dikes until 301.5 meters. The entire peridoitite -dike section was anomalous in nickel averaging 0.11% nickel between 238.7 and 301.5 meters. At 301.5 granodiorite was encountered and the hole was stopped at 307 meters. This hole deviated severely southwards and did not encounter the expected peridotite intrusive until 252.7 meters down-hole, as opposed to the expected down-hole depth of 180.0 meters. With the exception of minor copper mineralization in the hanging wall granodiorite the hole encountered no visible sulphide mineralization to the end of the hole at 307 meters. Down-hole surveying is underway to accurately plot the path of this hole.




HOLE LOCATIONS

---------------------------------------------------------------------------
Hole Northing Easting Northing Easting Azimuth Dip Length
---------------------------------------------------------------------------
number (local) (local) UTM UTM (degrees) (degrees) (m)
---------------------------------------------------------------------------
NOT-07-20 1050 5083 5843531 547278 270 -61 144
---------------------------------------------------------------------------
NOT-07-21 1050 5083 5843531 547279 270 -73 183
---------------------------------------------------------------------------
NOT-07-22 1010 5121 5843522 547343 280 -62 258
---------------------------------------------------------------------------
NOT-07-23 1080 5108 5843562 547290 269 -78 293
---------------------------------------------------------------------------
NOT-07-24 1069 5174 5843598 547362 270 -42 233
---------------------------------------------------------------------------
NOT-07-25 1222 4945 5843561 547071 96.8 -46 307
---------------------------------------------------------------------------
NOT-07-26 1069 5174 5843598 547363 270 -52 75
---------------------------------------------------------------------------
NOT-07-27 1215 5060 5843633 547167 88 -46 183
---------------------------------------------------------------------------
NOT-07-28 1069 5174 5843598 547363 270 -52 253
---------------------------------------------------------------------------
NOT-07-29 1166 5116 5843637 547238 87 -46 87
---------------------------------------------------------------------------
NOT-08-30 1146 5080 5843597 547221 90 -45 298.8
---------------------------------------------------------------------------
NOT-08-31 1179 5207 5843712 547287 133 -45 101
---------------------------------------------------------------------------
NOT-08-32 1247 4974 5843600 547080 90 -45 266
---------------------------------------------------------------------------
NOT-08-33 1123 5107 5843600 547253 90 -46 111
---------------------------------------------------------------------------
NOT-08-34 1177 5156 5843675 547255 90 -45 89.6
---------------------------------------------------------------------------
NOT-08-35 1136 5036 5843562 547195 90 -45 80.6
---------------------------------------------------------------------------


The above table provides local and UTM grid co-ordinates for holes mentioned in this press release, as well as some locations inadvertently omitted in last press release (dated January 29, 2008). Each of these holes was designed to provide infill or extensions (to depth and/or along strike) to known mineralization in Eagle One. All holes are currently being surveyed down-hole with light logging equipment, to provide more accuracy with respect to location of holes within the occurrence, as required for resource evaluation and modeling. This down hole survey work has just commenced.

NEW DRILLING RESULTS

Seven holes testing Eagle One have been completed since resuming drilling in late January, including one hole (hole 28) that was started prior to the Christmas break. A total of 6,333.6 meters in 35 holes have been drilled into this occurrence to date. Holes NOT-08-30 to NOT-08-35 totaled 866.4 meters, positions of which are identified in the above table. Assay results are pending for holes NOT-07-28, NOT-08-30 to NOT-08-35 inclusive, as well as some additional sampling completed on hole NOT-07-22, these will be reported as soon as they are available.

Hole NOT-07-26 was drilled at local grid collar location 51+74E at 10+69N with an initial azimuth of 270 degrees and an initial dip of -52 degrees. This hole encountered drilling problems due to equipment breakage (broken drill rods) and was lost at 75 meters, well short of the intended target. Hole NOT-07-26 was restarted as hole NOT-07-28 from the same collar location at -51 degrees, and was eventually completed to a final depth of 253 meters in early January 2008, assay results for hole NOT-07-28 are still outstanding. Hole NOT-07-27 and Hole NOT-07-29 details were previously released (see January 29, 2008 press release).

Hole NOT-07-28 was set at same collar location as hole NOT-07-26. After 14.8 meters of overburden and limestone, this hole entered a mafic dike until 17.8 meters. Between 17.8 and 128.1 the hole entered granodiorite, followed by an olivine rich gabbro until 140.1 meters. Variably mineralized peridotite was encountered between 140.1 to 242.2 meters, including mineralized peridotite between 169 and 175 meters, followed by net textured mineralized peridotite between 175 and 217 meters, followed by massive sulphides between 217 and 218.5 meters, then net textured peridotite from 218.5 to 223.2 meters. The latter part of the peridotite was weakly mineralized. The hole then entered granodiorite at 242.2 and remained in granodiorite until 253 meters, when the hole was stopped.

Hole NOT-08-30 was drilled at local grid collar location 11+46 N at 50+80 E with initial azimuth of 090 degrees and initial dip of -45 degrees. After passing through 12 meters of overburden and limestone the hole entered granodiorite until 12.5 meters. Several massive sulphide lenses intermingled with net textured mineralized peridotite, and thin felsic dikes were encountered between 12.5 meters and 99.5 meters, when weakly mineralized peridotite was encountered. Massive sulphide lenses included 12.5 meters to 13.5 meters, 15.8 meters to 17.8 meters, and 21.3 meters to 22 meters, the rest of this section consisted of mostly net textured mineralized peridotite. At 101.4 to 102.2 meters down-hole a fault was encountered followed by a gabbro until 111.1 meters. Granodiorite with several mafic dikes were encountered between 111.1 to the end of the hole at 298.8 meters. Mafic dikes encountered were between 151.6 and 153.6 meters, 175.3 and 178.8 meters, 216.9 and 218.3 meters and then 274.5 and 285.5 meters down-hole.

NOT-08-31 was drilled at local grid collar location 11+79 N at 52+07 E with an initial azimuth of 133 degrees and an initial dip of -45 degrees. This hole was designed to test the northeast extension of Eagle One. After 11.4 meters of overburden and limestone granodiorite was encountered until 14.1 meters. Then a mafic volcanic flow was encountered to 35.3 meters, followed by a mafic dike until 40.9 meters down-hole. Granodiorite was then encountered to the end of the hole at 101 meters. No samples were taken from this hole.

NOT-08-32 was drilled at local grid collar location 12+47 N at 49+74 E with an initial azimuth of 090 degrees and an initial dip of -45 degrees. This hole initially passed through 11.1 meters of overburden, limestone and sandstone, and then entered granodiorite with two thin mafic dikes until 182.2 meters down-hole. Massive sulphide mineralization was encountered between 182.2 to 198.7 meters, including highly altered, silicified quartz feldspar porphyry between 190.4 and 196.1 meters. The massive sulphide zone was then followed by variably mineralized peridotite and net textured peridotite until 248.2 meters down-hole when the hole entered granodiorite. The hole was stopped at 266 meters total depth.

NOT-08-33 was drilled at local grid collar location 11+23 N at 51+07 E with an initial azimuth of 090 degrees and an initial dip of -46 degrees. After drilling through 9.5 meters of overburden and limestone the hole entered peridotite until 17.2 meters, followed by a felsic dike between 17.2 and 18.5 meters then gabbro until 19.4 meters. Peridotite was then encountered between 19.4 meters and 37.3 meters, followed by another felsic dike until 40.4 meters down-hole. Variably mineralized peridotite was then encountered between 40.4 meters and 72.5 meters including net textured mineralized peridotite between 46.2 meters and 61.5 meters. At 72.5 meters granodiorite was encountered until 81.3 meters when a mafic dike was intersected until 85.4 meters, after which granodiorite was encountered to the end of the hole at 111 meters.

NOT-08-34 was drilled at local grid collar location 11+77 N at 51+56 E with an initial azimuth of 090 degrees and an initial dip of -45 degrees. After drilling through 14.6 meters of overburden and limestone, the hole entered gabbro until 18 meters. This was followed by granodiorite until 25.3 meters, then a mafic dike until 26 meters. Massive sulphides were then intersected between 26 meters and 36.6 meters followed by peridotite until 48.3 meters then mineralized peridotite until 64.5 meters. Granodiorite was encountered between 64.5 meters and 69.3 meters, followed by a mafic dike until 72.3 meters then granodiorite until the end of the hole at 89.7 meters.

NOT-08-35 is the last hole drilled into Eagle One at this time. It was collared at local grid co-ordinate 11+36 N at 50+36 E with an initial azimuth of 090 degrees and an initial dip of -45 degrees. After drilling through 9.5 meters of overburden and limestone the hole entered mineralized peridotite to 45 meters followed by weakly mineralized peridotite to 64.6 meters. A felsic dike was then encountered to 65.9 meters followed by peridotite until 80.6 meters when the hole was terminated.

PRECIOUS GROUP ELEMENT TEST WORK

Twenty samples from holes NOT-07-01, NOT-07-02 and NOT-07-05 were selected for Precious Group Elements (PGE's) as part of the ongoing evaluation of Eagle One. The samples were selected on the basis of initial platinum and palladium content, nickel and copper content as well as lithology. The samples initially underwent analysis for rhodium at ALS Chemex laboratory in Vancouver B.C., then lab-splits of the same sample set were sent to ALS's affiliate lab in Australia, and additional splits were sent to Activation Laboratory in Ancaster, Ontario. The test work recently received confirms that other PGE's are present in Eagle One and now need to be analyzed for on a regular basis. Variance between the two laboratories was within acceptable limits. The test-work included three consecutive samples selected from Hole NOT-07-05 between 111.5 meters and 115.6 meters down-hole. This 4.1 meter section averaged 3.2% copper, 3.62% nickel, 30.2 g/t platinum, 15.95 g/t palladium, 3.3 g/t gold, 8.1 g/t silver, 0.84 g/t rhodium, 0.15 g/t osmium, 0.21 g/t iridium and 0.42 g/t ruthenium. Noront will now be assaying previous samples from Eagle One for rhodium and completing additional assaying for the other PGE's on a regular basis, to determine ratios of the other elements with respect to rhodium assays.

ON SITE QUALITY ASSURANCE / QUALITY CONTROL MEASURES

The aforementioned assay and sample information, as well as geological descriptions are taken from drill logs as prepared by the Project geologist for the drill program, Mike Kilbourne. Billiken Management Services Inc. is providing all services on site for the Noront Double Eagle Project, from their base camp at McFaulds Lake. Billiken is a holder of Certificate of Authorization issued by the Association of Professional Geoscientists of Ontario.

All assay work and sampling procedures have been included in earlier news releases. Chain of Custody includes delivery to ALS Chemex Laboratory in Vancouver BC, where all samples undergo analysis using ALS Chemex assay procedure AA46 for nickel, copper and silver, and ICP24 for Au, Pt, and Pd. When samples received over-limit values they underwent further analysis using ALS Chemex assay procedure ICP27 (for gold, platinum and palladium), as well as GRA21 for gold. The reader is referred to: www.alschemex.com for details of these analytical procedures. All samples from the 2008 exploration program are currently being submitted to SGS Laboratory in Toronto, Ontario, details of assay methodology at SGS will be explained once assays are received.

INDEPENDENT QUALITY CONTROL AND ANALYTICAL PROTOCOL

Gold, platinum and palladium are assayed using fire assay on a 50 gram nominal sample weight with an ICP-AES finish. Nickel and copper are assayed using aqua regia (3-acid) digestion with either ICP-AES or AAS finish. A comprehensive QA/QC program has been implemented to monitor all assays on the Double Eagle Project. Samples are assembled in numbered batches of 77 samples, which equates to the number of client samples per furnace batch at ALS Chemex. Included in each batch of 77 samples are 4 certified reference material samples, 3 blank samples comprised of sterile drill core, and 4 field duplicate samples. This QC program was set up for Noront by Tracy Armstrong P.Geo, of P&E Mining Consultants Inc. ("P&E") of Brampton, Ontario. Ms. Armstrong is a qualified geologist in the Provinces of Ontario and Quebec. Assay results are being monitored on an on-going, real time basis for accuracy, contamination and precision by P&E. The current sample set will be reviewed by Ms. Armstrong once some additional batches are completed, and will be reported upon in a timely manner.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

Drilling results in this press release have been completed under the supervision of Noront's senior management including Neil Novak P.Geo., a director and Vice President-Exploration and John Harvey P.Eng. Executive Vice President of Noront, being Qualified Persons under Canadian Securities guidelines.

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 125,377,082 shares issued to date.

Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS:

R. Nemis, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



Contact:
Richard Nemis
Noront Resources Ltd.
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.norontresources.com



Source: Noront Resources Ltd.

[mike32]

McFauld players & JV's - impressive list!
Posted by: Helium on February 20, 2008 10:21AM


Is this a list of "fortune seekers" or companies with a history in the mining bussiness, all committed to explore / start exploring McFaulds in the next few months?

Nice to see we' re not alone.........http://www.agoracom.com/ir/Spider/messages/734173#message

[Fantomas96]

Für alle James Bay-Interessierten hier die TOP-Arbeit von Helium zum Download:

- Interaktive Claim Map mit allen Daten und Firmen
- Tabelle mit allen Claims und Infos in James Bay (über 2900)
- Company Homepage Übersicht mit allen News Releases


http://www.freedrive.com/folder/121951



Ein "Must have" für alle.


Gruß,
Fantomas

[Blanca_die_Haesin]

Attention Business Editors
Market Regulation Services - Trading Halt - Noront Resources Ltd. - NOT

VANCOUVER, Feb. 25 /CNW/ - The following issues have been halted by
Market Regulation Services (RS):

Issuer Name: Noront Resources Ltd.
TSX-V Ticker Symbol: NOT
Time of Halt: 12:55 EST
Reason for Halt: Request of Company Pending News





-30-

MARKET REGULATION SERVICES INC.

[mike32]

NEWS - Noront Resources Ltd.: EAGLE TWO HAS LANDED
Posted by: AGORACOM on February 25, 2008 03:26PM



Shear- Hosted Massive Sulphides Encountered



2 Kilometers Southwest of Eagle One



TORONTO, ONTARIO - (Feb. 25, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT) is pleased to announce the discovery of a second massive sulphide occurrence located 2 kilometers to the southwest of its Eagle One magmatic massive sulphide occurrence within Noront's 100% owned Double Eagle Project in the McFauld's Lake Area of northeastern Ontario. "We are pleased to announce that semi-massive to massive sulphide mineralization has been encountered about 2 kilometers to the southwest of Eagle One, in what is believed to be a peridotite filled conduit of the Eagle One magmatic massive sulphide occurrence. Our new drill objectives are to focus on this new occurrence and also to complete drill testing several other high-priority geophysical targets within the Double Eagle project area," states Richard Nemis, President and CEO of Noront.



HIGHLIGHTS



- Nickel-copper massive sulphides in a sheared deformation zone hosted by peridotite have been encountered in four holes, located 2 kilometers to the southwest of Eagle One while testing airborne and ground confirmed geophysical anomalies.



EAGLE TWO



This new massive sulphide discovery occurs at the Aerotem Anomaly #2, located approximately 2 kilometers to the southwest of the Eagle One magmatic massive sulphide occurrence. Four holes have intersected massive to semi-massive sulphide mineralization. The rock units encountered at Eagle Two consist of strongly altered peridotite hosting a multi-phased deformation zone containing veins of sulphides ranging from a few centimeters wide to over 3 meters wide. The deformation zone varies in length from 3 meters to 26 meters in the holes drilled to date. The sulphide veins encountered in each hole are composed of pyrrhotite, magnetite, chalcopyrite and pentlandite with variable amounts of talc. Large crystals of pentlandite up to a few millimeters in size are evident in the most recent drill hole (NOT-08-1G8). A detailed account of this new discovery will be press released shortly.



Hole NOT-08-1G2 was drilled at local grid coordinates 32+17E, 5+73N with an azimuth of 155 degrees and initial dip of -50 degrees. After 10.9 meters of overburden and limestone the hole entered a strongly altered peridotite. A mineralized deformation zone was encountered over a length of 29 meters between 39 and 68 meters downhole, comprising a 3 meter section of massive sulphide-magnetite breccia and units of sulphide breccia with widths ranging from a few centimeters to a maximum of 1 meter in length throughout the entire zone. The hole was terminated at 239 meters in an altered peridotite.



Hole NOT-08-1G3 was drilled from the same set-up as 1G2 and the same azimuth but drilled at -65 degrees. After 11 meters of overburden and limestone the hole entered a strongly altered peridotite. The deformation zone was encountered between 43.3 and 46.7 meters (3.4 meters of core length) containing massive pyrrhotite-magnetite with chalcopyrite. Below the massive sulfide intersection, hole 1G3 contained two massive chromitite layers, the upper one being 5 meters thick starting at 123 meters to 128 meters, the lower one being three meters thick, terminating at about 143.7 meters core length.



Hole NOT-08-1G6 was drilled at local coordinates 32+50E, 7+10N at an initial azimuth of 155 degrees and an initial dip of -50 degrees. After 12.1 meters of overburden, the hole entered granodiorite until a depth of 81.5 meters. Following granodiorite, the hole entered strongly altered peridotite until encountering a deformation zone between 113.2 and 131 meters (17.8 meters of core length). Similar mineralization as in holes 1G2 and 1G3 was encountered, composed of sulphide breccia over intervals of a few centimeters up to 0.8 meters. These veins host semi-massive pyrrhotite, chalcopyrite and magnetite, and also showed a positive reaction to the DMG nickel test as in the previous holes. Chromitite seams and chromitite domains were encountered in this hole between 248 and 257 meters (9 meters of core length). A thin shear hosted sulphide zone was intersected from 257.5 to 258.2 meters downhole. This hole continued through a series of altered peridotite, non-altered peridotite and serpentinized dunite until its end at 348 meters.



Hole NOT-08-1G8 is being drilled at the same collar location as hole 1G6, with the same azimuth, however the initial dip was increased to -65 degrees. This hole is still underway, and has encountered massive sulphide mineralization between 123 and 130 meters downhole (7 meters of core length) The tenor of mineralization is much stronger in this intersection, this hole continues to test for a down dip extension of the aforementioned chromitite and sulphide zones encountered in holes 1G6 and 1G3. The drill result intersections presented above are not true width. True width determination will be referred to once the resource estimate is completed.



On Site Quality Assurance / Quality Control Measures



The aforementioned drill hole information, as well as geological descriptions are taken from drill logs as prepared by the Project geologist for the drill program, Mike Kilbourne. Billiken Management Services Inc. is providing all services on site for the Noront Double Eagle Project, from their base camp at McFaulds Lake. Billiken is a holder of a Certificate of Authorization issued by the Association of Professional Geoscientists of Ontario, in consultation with James Mungall Ph.D. associate professor at University of Toronto. Dr. Mungall examined the core from all holes mentioned in this press release with the exception of holes NOT-1G6 and NOT-1G8.



This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".



Comments on drilling results in this press release have been completed under the supervision of Noront's senior management including Neil Novak P.Geo., a director and Vice President-Exploration and John Harvey P.Eng. Executive Vice President of Noront, being Qualified Persons under Canadian Securities guidelines. Neil Novak, P.Geo., is currently on site at the Double Eagle Project and has prepared this press release.



Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 125,377,082 shares issued to date.



Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.



ON BEHALF OF THE BOARD OF DIRECTORS:



R. Nemis, President and Chief Executive Officer



The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



CONTACT INFORMATION:

Noront Resources Ltd.
Richard Nemis
[phone]
Fax: [phone]
Email: [e-mail]
Website: www.norontresources.com


http://agoracom.com/ir/Noront/messages/739533#message

[Fantomas96]

LAGE VON EAGLE 2 (mit Claim Nummern)









(Anm.: von mir anhand der Beschreibung des letzten NR in AeroTEM Map eingezeichnet).


Gruß,
Fantomas

[Fantomas96]

Wo sind die nächsten EAGLES ???

[Fantomas96]

Da könnte ein ganzes Nest sein !!!

[Fantomas96]

Es sieht so aus, als ob die Geologen (allen voran Neil Novak) und die Analysten (Kaiser) Recht behalten und wir es hier mit einer Verbindung der verschiedenen "Eagles" zu tun haben.

Siehe auch den Hinweis aus dem NR gestern:

"We are pleased to announce that semi-massive to massive sulphide mineralization has been encountered about 2 kilometers to the southwest of Eagle One, in what is believed to be a peridotite filled conduit of the Eagle One magmatic massive sulphide occurrence."







Jetzt geht die Party bald richtig los !

FANTOMAS

[mike32]

[Blanca_die_Haesin]

Ist das Trading Halt in CAN aufgehoben?

Hier ist das noch nicht zusehen:

http://www.cnxmarketlink.com/en/releases/orgDisplay.cgi?okey…

[Blanca_die_Haesin]

Antwort auf Beitrag Nr.: 33.478.501 von Blanca_die_Haesin am 26.02.08 15:11:23

Pardon!

Hab es auf Srockwatch gefunden!

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:

Noront Resources to resume at 6:30 a.m. PT

2008-02-26 09:05 ET - Resume Trading
The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try, click here for a free 30 day trial subscription.

[Fantomas96]

Genuity-Update:

TARGET: $7.00 (FROM $5.50)



http://agoracom.com/executive/Noront%20Genuity%20Research%20…



FANTOMAS

[KNORPEL]

Antwort auf Beitrag Nr.: 33.476.725 von Fantomas96 am 26.02.08 12:33:47

Kann deine Euphorie verstehen Fantomas

mir geht es auch so

Wir haben hier nicht nur einen Adler sondern ein ganzes Nest

Gruß KNRPEL

Sorry fuer den Spam

[Fantomas96]

WINDFALL IS BACK


http://biz.yahoo.com/ccn/080305/200803050446752001.html?.v=1


Noront Resources Ltd.: Windfall Lake Gold Project Update

Wednesday March 5, 12:35 pm ET


TORONTO, ONTARIO--(Marketwire - March 5, 2008) - Noront Resources Ltd. "Noront" (TSX VENTURE:NOT - News) is pleased to announce further significant diamond drill intersections from four exploration holes completed on the Company's Windfall Lake Property which lies in Urban Township in the Abitibi Region of Quebec.
Holes NOT-07-157, 159 and 160 were designed to test the limits of mineralization encountered by earlier drilling.

Additional assay data from NOT-07-157 (13+10 mW, 2+34 mN, azimuth 340 degrees, dip -70 degrees) indicates that the previously reported interval of 16.12 gpt (0.47 opt) Au over 2 metres (6.6 feet) between 300 and 302 metres is part of a 16.95 metres (55.6 ft) wide zone extending from 299 metres to 315.95 metres as follows:




-------------------------------------------------------------------
Interval Gold
----------------------------------------
From (m) To (m) (m) (ft) (g/t) (oz/T)
-------------------------------------------------------------------
299.00 315.95 16.95 55.6 4.52 0.13
-------------------------------------------------------------------


NOT-07-159 (13+22 mW, 1+78 mN, azimuth 330 degrees, dip -70 degrees) drilled reports an intersection within 25 metres of surface.




-------------------------------------------------------------------
Interval Gold
----------------------------------------
From (m) To (m) (m) (ft) (g/t) (oz/T)
-------------------------------------------------------------------
24.45 26.20 1.75 5.7 23.12 0.67
-------------------------------------------------------------------


NOT-07-160 (13+04 mW, 1+48 mN, azimuth 325 degrees, dip -68 degrees) contains two intersections including the following:




-------------------------------------------------------------------
Interval Gold
----------------------------------------
From (m) To (m) (m) (ft) (g/t) (oz/T)
-------------------------------------------------------------------
352.95 355.00 2.05 6.7 8.30 0.24
-------------------------------------------------------------------


NOT-07-169 (8+00 mW, 6+41 mN, azimuth 208 degrees, dip -68.5 degrees) a deep hole designed to test to about 750 metres below NOT-06-100 returned four significant intersections as follows:




-------------------------------------------------------------------
Interval Gold
----------------------------------------
From (m) To (m) (m) (ft) (g/t) (oz/T)
-------------------------------------------------------------------
17.85 18.45 0.60 2.0 22.94 0.67
64.00 64.90 0.90 3.0 15.95 0.47
626.00 627.80 1.80 5.9 15.89 0.46
644.90 646.15 1.25 4.1 124.08 3.62
-------------------------------------------------------------------


The Company anticipates that the ramp portal will be completed during the second half of March. The contractor experienced delays due to unusually cold weather and heavy snow which have prevented the addition of a second shift. Crown pillar stability and hydrogeology studies have been completed as required by provincial health and safety legislation.

Once underground, Noront expects to complete Phase 1 of the underground programme during the third quarter of 2008. This phase will enter the NOT-06-100 area about 100 metres below surface and two other mineralized zones at shallower depths.

Both the portal and two of the mineralized zones to be tested by the underground programme lie on the portion of the property optioned from Murgor Resources Inc. (TSX VENTURE:MUG - News) and Freewest Resources Canada Inc. (TSX VENTURE:FWR - News; Murgor/Freewest) (see Noront press release of Feb 5, 2007).

Samples are taken from (NQ) diamond drill core which is sawed in half, packaged and delivered to Bourlamaque Assay Laboratory for analysis. The remaining half core is stored in a secure location for future reference and further testing. All samples are assayed using a 30-gram fire assay charge with an atomic absorption finish (for which the upper detection limit is 10 g/t). Samples reporting greater than 2 g/t are re-assayed in duplicate using aliquots of the original pulp and of an additional split of the coarse rejects. The re-assay method also comprises a 30 g charge but employs a gravimetric finish.

Noront designates samples in batches of 20. Each batch includes a certified standard, blanks (currently silica gel) and duplicates that are inserted at random at a rate of about one of each per batch. Duplicate samples are prepared by quartering a sample interval and submitting the quarters under separate tag numbers. The assay laboratory also reports its internal standards, and blanks and duplicates. The Bourlamaque Assay Lab holds a certificate of laboratory proficiency for the analysis of gold issued under the Proficiency Testing Program for Mineral Analysis Laboratories which is administered by CANMET.

Gold assays are reported to the company in parts per million (ppm) and reported publicly by the company in grams per tonne (1 ppm equals 1 gram per tonne). Conversions to ounces per ton (oz/ton) on the tables above employ a factor of 34.2857 grams per tonne equaling 1 troy ounce per short ton. Lengths are reported in meters and are converted to feet by dividing by 0.3048 m/ft (1 foot equals 0.3048 m).

One of the qualified persons responsible for overseeing and reviewing the technical data on the Windfall Lake project is Patrick Chance P.Eng. The technical information prepared for disclosure in this Noront news release has been approved by Mr. Chance.

The diamond drill program was completed in an orderly fashion as determined by the Company's geological team including Tracy Armstrong, P.Geo., (a qualified geologist in the Province of Quebec) of P & E Mining Consultants Inc. Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 125,377,082 shares issued to date.

Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS:

R. Nemis, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


Contact:
Richard Nemis
Noront Resources Ltd.
President and Chief Executive Officer
[phone]
[phone] (FAX)

15 Toronto Street, Suite 1000
Noront Resources Ltd.
Toronto, ON, M5C 2E3
Email: [e-mail]
Website: www.norontresources.com

--------------------------------------------------------------------------------
Source: Noront Resources Ltd.


Gruß,

[mike32]

Ring of Fire Corporate Luncheon
Posted by: AGORACOM on March 07, 2008 10:08PM


Dear NOT Investors,

The video from the Ring of Fire Corporate Luncheon is now available for your viewing pleasure. In addition to the luncheon presentation, you will also find two exclusive interviews which we conducted with Mr. Novak and Mr. Nemis.


Click here
http://www.agoracom.com/executive/ring-of-fire-luncheon/ring… to view videos from the Ring of Fire Corporate Luncheon.

Regards,
AGORACOM

http://agoracom.com/ir/Noront/messages/755251#message

[mike32]

NEWS - Noront Warrant's Accelerated
Posted by: AGORACOM on March 12, 2008 03:33PM


TORONTO, ONTARIO - (March 12, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE: NOT) announces that the 3,250,000 warrants exercisable at $5.00 per common share, which formed part of the units subscribed for pursuant to the private placement described in Noront's press release of February 7, 2008 are now exercisable on or before 5:00 p.m. (Toronto time) on April 10, 2008 after which time they will expire.



The warrants were exercisable at a price of $5.00 for a period of two years from the date of issue, subject to accelerated expiry, being 30 days after the common shares of Noront had closed at or above a price of $6.00 for ten consecutive trading days on the principal exchange on which Noront's common shares are listed for trading. This condition was achieved at the close of market on March 11, 2008.



The common shares underlying the warrants, are subject to a hold period which expires on June 7, 2008.



Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 125,573,082 common shares issued to date.



Investors are invited to visit the Noront Resources Ltd.'s IR Hub at www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.



ON BEHALF OF THE BOARD OF DIRECTORS



R. Nemis, President and Chief Executive Officer



The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



CONTACT INFORMATION:

Noront Resources Ltd.
Richard Nemis
President and Chief Executive Officer
[phone]
Fax: [phone]
Email: [e-mail]
Website: www.norontresources.com


http://agoracom.com/ir/Noront/messages/759645#message

[mike32]

http://biz.yahoo.com/ccn/080318/200803180449362001.html?.v=1




Noront Comments on Trading Halt
Tuesday March 18, 10:58 am ET


TORONTO, ONTARIO--(Marketwire - March 18, 2008) -

Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT - News) advises that the trading halt requested by the TSX.V is unrelated to its Double Eagle project in McFaulds Lake area. The halt is pending news release relating to the Company's Windfall Lake project in Urban Township, Quebec.
ADVERTISEMENT


Recently a number of shallow drill holes were completed in support of a geotechnical and hydrological study by Forage Abitibi under the supervision of Qualitas Monterval "Monterval" geotechnical sub contractor arranged by the company's contractor Genivar LP of Val d'Or, Quebec.

Assay results from these drill holes have been received and will be reported as soon as it can be prepared by the Company.


Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS:

R. Nemis, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



Contact:
Richard Nemis
Noront Resources Ltd.
President and Chief Executive Officer
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.norontresources.com

[Fantomas96]

Märkte in Kanada an Karfreitag geschlossen , aber Ostermontag geöffnet !

2008 Stock Market Holidays - Stock Markets Closed



New Year's Day - January 1, 2008

Family Day - February 18, 2008

Good Friday - March 21, 2008

Victoria Day - May 19, 2008

Canada Day - July 1, 2008

Civic Day - August 4, 2008

Labour Day - September 1, 2008

Thanksgiving Day - October 13, 2008

Christmas Day - December 25, 2008

Boxing Day - December 26, 2008



Schöne Ostertage allen Investierten.

FANTOMAS

[Fantomas96]

Sehr gute Zusammenfassung von DE Bekanntgabe bis heute von Milsy:


http://www.agoracom.com/ir/Noront/messages/770083#message


Sleep well fellow Noront shareholders...

Posted by: Milsy1 on March 21, 2008 09:29PM


Back on August 29, 2007 Richard and company announced to the investment world that Noront had intersected visible copper sulphide mineralization (chalcopyrite) in a pyrrhotite - chalcopyrite - peridotite geological setting. It is hard to believe but that was almost 7 months ago. Much has happened since that fateful day.

As every shareholder's approach and stategy is unique unto themselves, some who were with us back then have moved on. Other investors/traders have heard the story, liked what they have seen and bought in.

Whether you have been involved with the Noront story for a long time or perhaps are relatively new, we all can be guilty of viewing things on a "micro" level instead of "macro".

To that end, denoted below are some develpments/facts that have transpired since Noront effectively put JBL on the investment community's radar. Much of this is old news for many but it may prove to be a worthwhile exercise for review.

----------------------------------------------------------------------------------------

September 10, 2007, the magnitude of the find changed drastically with the visuals of hole #5. "Hole NOT-07-05 encounters massive chalcopyrite (copper sulphide), pyrrhotite (iron +/- nickel sulphide) and pentlandite (nickel sulphide) over 65.2 meters" Hole 5 in terms of value per tonne is better than any hole ever drilled (this includes the likes of Voisey's Bay and Aurelian)

September 20, 2007 Noront retained the services of IBK Capital Corp. to evaluate strategic alternatives to maximize shareholder value. At that time, Noront management and the board firmly believed that the company was undervalued. (S/P close Sept. 20/07 - $4.12)

October 10, 2007, Noront announced that it has increased it's land position in JBL through continued staking to 30,208 hectares from original land holdings of 7,856 hectares.

October 30, 2007 Noront announced an increased land position to 41,632 hectares (416.32 square kilometers).

November 1/07 - February 11/08 - Noront signs 7 JV option agreements. Many of these JV partners are presently conducting ground work and geophysics and should be drilling soon enough.

November 27, 2007, Noront announced that it entered into an agreement with J.P. Morgan Securities Inc., to assist the company in evaluating strategic alternatives to maximize shareholder value. Again, Noront's management and board at that time believed there was significant unrecognized value in the company's stock price. (S/P close on Nov. 27/07 - $5.55)

December 13, 2007 Noront announced that Geological Consultant Jim Mungall, Ph.D. Associate Professor from University of Toronto, is now consulting exclusively for Noront. Mr. Mungall states: "The large amounts of sulfide and of ultramafic cumulate make it absolutely clear that the Eagle One deposit has formed in a magmatic conduit. No magma could have carried the observed amount of sulfide in solution, therefore the sulfides have been left behind by a through-going volume of magma much greater than what presently remains in the intrusion." Dr. Mungall goes on to state "If the intrusion is accepted to be a conduit then it must be continuous over considerable distances likely measurable in kilometers.

January 3, 2007 Noront announced an increased land position to 66,976 hectares (165,498 acres) in 283 claims.


January 28, 2007 Noront announced that Johnny and June have arrived and and have commenced drilling. There are now three drills on the project completing infill drilling and testing other geophysical targets.

February 4, 2007 Noront announced Private Placement raising 26 million dollars. Private placement participants include some heavy hitting names - Rosseau Asset Management; Pinetree Capital Ltd.; Robert McEwen, President, Evanachan Limited; Pierre Lassonde, Chairman, Franco-Nevada Corporation; Sprott Asset Management; and Northfield Capital Corporation purchased a substantial portion of the units in this private placement. If the warrants attached to this PP are exercised by the deadline (April 10/08) it will add another $16,250,000 to the coffers.

February 19, 2007 Noront announced the presence of Platinum group elements including; platinum, palladium, rhodium, osmium, iridium and ruthenium from hole 5 assays. To date, we have not received any other "IUM" assays for any other holes and therefore they can be expected.

February 25, 2007 Noront announced that Eagle 2 has Landed. This new massive sulphide discovery occurs at the Aerotem Anomaly #2, located approximately 2 kilometers to the southwest of the Eagle One magmatic massive sulphide occurrence. A detailed account of this new discovery will be press released shortly.


----------------------------------------------------------------------------------------


Beyond the preceeding, there are many other items of relevance (in no particular order)

- We are capitalized very well to allow exploration for a long time to come.

- Initial 43-101 on DE1 due within the next couple of months (with a possibility of seeing one for Burnt Hill as well)

- Three drills will apparently be turning at Double Eagle next week with the fourth to arrive in April.

- Sir Richard has continually repeated "There is no bad news"

- Genuity raised their target price to $7.00 after DE2 N/R

- Noront in conjuction with Freewest are currently using the VTEM survey which is capable of reading deeper conductor responses for better 3D imagaging. Apparently this started a couple of weeks ago and results are expected soon.

- DE2 assays should be released any day and visuals on DE3 are also likely soon

- Vale / Inco staking in the area - Need I say more.

- Majors also in discussion with Noront Management.

- Activation Labs in Thunder Bay will soon be turning around assays within a 2 week period.

- Shareholder Rights Plan in place

- As per the Wasserman report, Inco paid 40% of in-situ for Voisey's Bay

- There are hundreds of identified anomolies in the JBL region with many within 5 Km. of DE1

---------------------------------------------------------------

The list goes on and on. In light of everything that has transpired and the accelerated pace to which things will progress, it is very difficult to not be excited. I feel like a kid knowing that the Easter Bunny is coming tomorrow.

On that note, I would like to wish everyone a Happy Easter!

Cheers,

Milsy1

[blackwhiteknight]

Antwort auf Beitrag Nr.: 33.709.039 von Fantomas96 am 22.03.08 23:49:18

Fantomas,

indeed, Milsy1 liefert hier eine prima Zusammenfassung zu DE, wenn er auch in seiner Begeisterung jüngste Ergebnisse ein Jahr rückdatiert.

Schöne Ostern noch. BWK

[mike32]

Old report for new people
Posted by: miskealp1 on March 23, 2008 11:57AM

http://www.kaiserbottomfish.com/s/Expresses.asp?ReportID=268…" target="_blank" rel="nofollow ugc noopener">http://www.kaiserbottomfish.com/s/Expresses.asp?ReportID=268…


http://www.agoracom.com/ir/Noront/messages/770594#message

[Fantomas96]

UPDATE GENUITY REPORT

Target : $ 7,00

Rec.: BUY


http://agoracom.com/executive/Genuity%20Morning%20Insights%2…


Gruß,

FANTOMAS

[Fantomas96]

NEUE CLAIM MAP (20.03.08)

Alle NOT-JV Claims inklusive:



http://www.norontresources.com/projects/double-eagle/claim-h…


Gruß,

FANTOMAS

[Fantomas96]

[Fantomas96]

Noront auf der Titelseite des "Sudbury Mining Solutions Journal" (S.1 und S.38)


http://www.sudburyminingsolutions.com/PDFPaper/mar08.pdf


"Noront discovery highlights record year

Exciting base and precious
metal discovery sparks rush to
James Bay Lowlands"


Gruß,
FANTOMAS

[Fantomas96]

HOT Property #3 : BURNT HILL


http://www.agoracom.com/ir/Noront/messages/776298


NEWS - Cadillac Ventures Inc.: Burnt Hill Project Update

Posted by: AGORACOM on March 25, 2008 02:16PM

TORONTO, ONTARIO - (March 25, 2008) - Cadillac Ventures Inc. (CNQ: CDEX) ("Cadillac") is pleased to announce the following results from the Burnt Hill Joint Venture with Noront Resources Ltd.

In the fall of 2007, Cadillac as operator managed an all encompassing program on the Burnt Hill Project, which expended $1,500,000 on a number of initiatives, under the onsite supervision of James G. Burns, P.Eng. Included in this expenditure was a detailed geological mapping program in the vicinity of the former Burnt Hill mine, which identified several previously unknown surface outcroppings of mineralization and structural trends on the property. A total of 139 rock samples were taken for analysis. Also undertaken in the fall of 2007 was a comprehensive compilation of data from all identified, accessible sources regarding the property, including government, assessment and private sources. The Burnt Hill Project was increased from 53 claims in 3 different blocks, to a total of 652 claims in one block. In addition to the staking of these claims, comprehensive linecutting was carried out on the historic Burnt Hill project area. The historic core stored in a government facility was re-examined, and portions of 5 holes drilled in 1979 were relogged, with 314 samples taken. The current drill program encompasses a total of 23 holes, of which 9 were completed in this program phase, in conjunction with the work detailed above. A total of 2837m were drilled, all of which were sampled, for a total of 2669 samples submitted to Activation Laboratories Ltd. (Actlabs) in Fredericton, New Brunswick for multi-element analysis. This program was designed with two main targets;

1 - Confirm the known grade and extent of the mineralization identified in the 1979 drill campaign by select fill in holes.

2 - Define the extension of the mineralization along strike, across strike and down dip.

Logistical considerations affected the decisions as to which of the planned holes were drilled. Therefore holes 44, 59, 47 (which intersected underground workings) and 67 tested target #1, the remaining 5 holes tested target #2. In these holes, using a cut-off grade of 0.1% WO3 (tungsten) and 0.02% MoS2 (molybdenum), there were 186 significant intercepts over drill core lengths of 0.2 to 6.0 metres.

Details of the drill programs, and the results of the drill program, are discussed in the 43-101 report authored for Cadillac, which should be available and filed on SEDAR shortly. In summary this drill program;

- Shows that the tungsten-molybdenum mineralization is widespread

- Confirmed the 1979 results

- Shows that the mineralization continues along strike, across strike and down dip from the mineralization historically delineated

- Indicates multiple zones of mineralization

- Indicates that the molybdenite mineralization is more prevalent in the granite, or sediments close to the granite contact, whereas the tungsten mineralization is greatest further from the granite contact

- Tin (Sn) mineralization may be associated with either the tungsten or molybdenite mineralization.

- Tungsten mineralization occurs primarily in quartz/topaz veins, whereas the molybdenite mineralization is preferentially associated with griesen zones.

Management is encouraged by the results of this program. The widespread nature of the mineralization in multiple zones suggests that there is potential for an open pit operation. As well, previous work in 1980 demonstrated that the mineralization can be pre-concentrated prior to processing by photometric sorting.

Cadillac will be issuing to Noront Resources Inc. 1,875,000 shares of Cadillac in order to earn a 51% per cent interest in the Burnt Hill project, pursuant to the joint venture agreement as amended and previously announced. Cadillac has the option to earn a further 14% interest in Burnt Hill through the payment to Noront of $500,000 in either cash or common shares, as determined by Cadillac. The shares issued to Noront shall be subject to a 4 month hold.

It is the intention of management to further develop the Burnt Hill project by drilling the remaining planned holes in the summer 2008 exploration season. This program, once completed, will allow the Company to complete a Resource Estimate on Burnt Hill.

James G. Burns P.Eng, a consultant to Cadillac and a "qualified person" as such term is defined under National Instrument 43-101, has reviewed and verified the technical information contained in this press release and has approved the contents of this press release.


About Cadillac

Cadillac is publicly traded on the CNQ under the symbol CDEX. Currently, in addition to the joint venture on the Burnt Hill Project, Cadillac also holds the New Alger Project which encompasses the historic New Alger Mine, located in the highly prospective Cadillac Break Mining Camp. The New Alger Mine has been sporadically productive but has not been fully explored or exploited. The property is situated contiguous to the O'Brien Mine and approximately 300 m to the SE of the LaRonde Mine.



For more information regarding Cadillac please visit our website at www.cadillacventures.com


Forward Looking Statements

This press release may include certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are in Canadian dollars unless otherwise noted.

The CNQ does not accept responsibility for the adequacy or accuracy of this release.



FANTOMAS

[Fantomas96]

Und ein weiterer Drill Rig auf Noront´s Claims durch WSR


http://www.agoracom.com/ir/Noront/messages/779235


NEWS - WSR and Partners to Commence Drilling on its James Bay Properties

Posted by: AGORACOM on March 31, 2008 09:12AM


TORONTO, ONTARIO - (March 31, 2008) - WSR Gold Inc. ("WSR") (TSX VENTURE: WSR) is pleased to announce that a 2,500 meter drill program has commenced on its recently acquired James Bay nickel and copper properties. Through three separate agreements WSR will operate the exploration of 17 Claim Blocks on the northeast corner of the "Ring of Fire" on behalf of its partners, Noront Resources Ltd. (TSX VENTURE:NOT), Metalex Ventures Ltd. (TSX VENTURE:MTX) and MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK). The agreements allow WSR an option to earn a 50% beneficial interest in both the NOT and MTX claims (as per our recent press releases) and WSR has an option to earn a 75% interest in the BMK claims (collectively the "Properties").

Since mobilization on February 25, 2008 WSR has:


1. Mobilized and completed construction of a 20 person exploration camp with all the required equipment;2. Mobilized an extensive exploration team;3. Reviewed flight data and prioritized exploration targets;4. Cut ground geophysics lines over the targets and a ground geophysics program is underway;5. Delineated a drill program; and 6. Mobilized a drill to the Properties.A 2,500 meter drill program is now underway on the prioritized exploration targets.WSR's total land position in the Ring of Fire, James Bay, Ontario is: Under option to acquire 50% interest: 25,900 hectares Under option to acquire 75% interest: 11,200 hectares ------- Total 37,100 hectares ------- -------
About WSR

WSR is a Canadian based mineral exploration company with extensive property holdings strategically located on and around the nickel/copper "Ring of Fire" in northern Ontario near James Bay.

WSR can earn a 50% interest in the McFauld's Lake Property pursuant to an option agreement with Noront Resources Ltd. (TSX VENTURE:NOT) (see press release dated November 1, 2007). The area will include 15 Claim Blocks, approximately 4,400 hectares (9,600 acres) in the Ring of Fire, McFauld's Lake, Ontario near Noront's prolific nickel copper and platinum group metals discovery.

WSR has agreed to acquire a 75% interest in the Big Mac Property from MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) consisting of 51 Claim Blocks, approximately 27,660 acres (see press release dated February 15, 2008).

WSR has entered into an agreement with Metalex Ventures Ltd. (TSX VENTURE:MTX) and Arctic Star Diamond Corp. whereby WSR has the right to fund a maximum of $20.0 million in expenditures on the James Bay Lowlands Properties over a 4 year period to earn a maximum 50% interest. The James Bay Lowlands Properties comprise approximately 214.4 square kilometers (52,980 acres) (see press release dated March 26, 2008).

Forward looking statements: Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of WSR, including but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the unavailability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and as such, undue reliance should not be placed on forward-looking statements.

Shares Outstanding: 93,737,652


Gruß,

FANTOMAS

[Fantomas96]

d12 hatte eine Konversation mit Richard und es wurden einige sehr wichtige und interessante Punkte erwähnt:


http://www.agoracom.com/ir/Noront/messages/781348#message


Richard conversation

Posted by: d12 on April 01, 2008 04:04PM


Well, this isn't going to be as long. I just spent a ton of time writing up a report and I lost everything. This has happened far too often. Anyways, here is the shorter version:



When can we expect news?

An update should be coming shortly. I can't comment other then something will be coming very soon.



How is Windfall coming along?

The portal is complete and they have been using it for the last few days.



How is the 43-101 coming along?

We are working as hard and as fast as we can. We may still have to go back and drill a little more as Eagle 1 is not closed off.



When can we expect the 4th drill?

The 4th drill will be in soon, before the end of the month.



Is there still lots of blue sky?

There is blue sky everywhere up there. No one is giving anything for blue sky value, and there is tons of it. We eventually are looking to have control of 80% of the ring of fire.



What do you think of the current SP?

It is low. There is no value for Windfall or Burnthill or for any bluesky. It is low.



Do you think the warrants will be exercised?

Not if the share price isn't above $6, but there are lots of updates between now and then that should help.



What is the size of Eagle 1?

Well, it isn't 1 MT nor is it 10 MT, it is somewhere in between.



But it isn't closed off, right?

Certainly not.



Are there still majors sniffing around?

There are all kinds of majors.



Do any of them want a piece of us?

I can't comment, but there are majors around.


Have we hit Eagle 3?

Nothing has been release or written so I can't be said that it is a hit yet.


So there you have it folks, nothing to worry about and the sky is really blue. There was lots more that I could tell Richard wanted to say but his hands were tied. IMO something will be out this week that will make the decision to exercise the warrants very easy. I have a feeling this is why there has been a delay. They want to silence all critics once and for all and the only way to do it is to release stellar news.

I think now all we need to do is be patient and let them drill away. Remember, the more drilling we do the more money we will get. When this thing gets taken out by a major we want as much of the discovery proven so we don't get something pathetic like $15. Richard and the gang are trying to maximize share holder value, lets let them work.....................

Take care all and sorry for the delay, but I had to type it twice

d12

p.s. I will post more if I have forgotten something


FANTOMAS

[kaliho]

Press Release Source: Noront Resources Ltd.

Noront Resources Ltd.: Double Eagle Update
Wednesday April 2, 9:00 am ET

TORONTO, ONTARIO--(Marketwire - April 2, 2008) - Noront (TSX VENTURE:NOT - News) wishes to present the following progress report on its exploration activities in the McFaulds Lake area of northeastern Ontario in the James Bay Lowlands. The anomaly drilling program on the Double Eagle project commenced in January and is continuing with 2 drills now being employed at 2 different locations testing visible chromite and sulphide mineralization located by geophysical surveying. Resource studies at the Eagle One have commenced but this work, as well as progress on the anomaly drilling, has been hampered by the lengthy turn around time the independent analysis of the company's drill core is experiencing due to the current heavy demand on the Analytical Laboratories. Consequently, this release contains no assay results but favourable results on the anomaly drilling program warrants an update on these activities. The Company is now shipping samples to a new laboratory in Thunder Bay owned by ActLabs of Ancaster, Ontario with whom Noront has entered into an agreement to provide a faster assay turnaround.

ADVERTISEMENT
The Company's geologists report the following highlights from their core logging followed by more detailed interpretations of the two geophysical anomalies being assessed;

- Further drilling at Eagle Two (Anomaly AT2) continues to trace a Shear Hosted Sulphide ("SHS") zone containing bands of massive sulphide mineralization with visible copper-nickel minerals from the Precambrian rock surface (starting at 10 meters below surface) to 190 meters below surface where the approximately up to 21 meters thick, 75 meters long oval-shaped mineralized zone is within 30 meters of the favourable underlying granodiorite intrusive contact.

- Massive Chromite beds up to 48.4 meters in core thickness at AT2 have been encountered in the near vertical dipping, wide peridodite sill occupying the non-conformity between the underlying granodiorite intrusive to the north and overlying Precambrian volcanic stratigraphy to the south.

- At anomaly AT3, a steep north-dipping stringer sulphide zone with some visible copper mineralization are being discovered and now intersected in 4 drill holes over substantial core widths.

- Several new excellent anomalies resulting from the continuing airborne geophysical program are being located around the Ring of Fire on Noront's claims and additional ground is being staked for Noront covering other areas around the Ring of Fire.

Airborne surveying utilizing the Aeroquest (Aerotem2) and Geotech (VTEM) helicopter systems is continuing on Noront's holdings around the Ring of Fire. Line cutting and ground geophysical crews continue to locate the more favourable airborne targets on the ground in preparation for diamond drill testing.

Since the completion of definition drilling at the Eagle One occurrence, two drills have initially tested airborne targets AT1, AT2 and AT3 with encouraging results having been encountered at AT2 (Eagle Two) as well as AT3 as described in more detail below. A third drill has arrived on site to speed up the drilling program and will commence on airborne electromagnetic ("AEM") target AT5. Drilling will continue throughout the spring break-up period with access by helicopter.

AT1

This short, strong, deep airborne target was tested with four drill holes and although the favourable peridotite host rock was encountered, no explanation of the geophysical response was obvious. Deeper penetrating ground surveys, including down-hole probing will be carried out here to guide future drilling at greater depths. The four holes all along local grid line 4500E, tested the peridotite down to a vertical depth of 150 meters.

AT1 Table of Drill Holes


----------------------------------------------------------------------------
Hole Grid Azimuth Dip Final Overburden Mineralization
No. Location Depth (meters) (meters)
(meters)
----------------------------------------------------------------------------
1G1 4475E,419N 090 -45 282 7.0 Nil
----------------------------------------------------------------------------
1G4 4510E,375N -- -90 144 6.7 Nil
----------------------------------------------------------------------------
1G5 4500E,550N 135 -60 300 8.6 Nil
----------------------------------------------------------------------------
1G7 4500E,550N 135 -50 312 8.0 Nil
----------------------------------------------------------------------------


AT2

Drill testing the strong, but short coincident Magnetic - EM anomaly on line 3200E (2 km south Eagle One) resulted in the discovery of a Shear Hosted Sulphide zone lying at the Precambrian surface beneath the shallow limestone cover (see press release dated February 25, 2008). To date eight holes have traced the short, flat northwest dipping (-30 degrees) approximately 75 meters long, up to 21 meters thick, oval-shaped body to a vertical depth of 190 meters. The eight holes have encountered semi-massive to massive sulphide bands of mineralization with visible amounts of pyrrhotite, pyrite, copper and nickel sulphides in a fault, breccia environment within the peridotite sill occupying the granodiorite/volcanic non-conformity, called the Ring of Fire.

Drilling is continuing at deeper elevations to follow the Shear Hosted Sulphide mineralization downwards towards the same favourable granodiorite-peridotite contact that hosts the Eagle One occurrence.

The five other holes completed within the AT2 anomalous area were off the ends of the short Shear Hosted Sulphide zone and were barren. Hole numbers 1G9, 1G17 and 1G20 intersected strong chromite mineralization beneath the shear hosted sulphides in the layered peridotite host rock and the latter will also be followed at depth. The chromite beds are being analyzed for cobalt, precious metals and other possible potentially significant elements. The latest hole completed, 1G21, intersected the SHS occurrence from 169.5 to 190.1 meters with bands of semi-massive to massive bands of copper-nickel sulphide mineralization.

AT2 Table of Drill Holes


----------------------------------------------------------------------------
Hole Grid Azimuth Dip Final Overburden Mineralization
No. Location Depth (meters) (meters)
(meters)
----------------------------------------------------------------------------
1G2 3217E,573N 155 -55 239 10.0 39.0-42.0
(sulphides, Cu-Ni)
----------------------------------------------------------------------------
1G3 3217E,573N 155 -65 200 10.0 42.3-46.7
(sulphides, Cu-Ni)
----------------------------------------------------------------------------
1G6 3250E,710N 155 -50 348 12.1 113.2-131.0
(sulphides, Cu-Ni)
----------------------------------------------------------------------------
1G8 3250E,710N 155 -65 336 8.0 121.5-129.5
(sulphides, Cu-Ni)
----------------------------------------------------------------------------
1G9 3300E,820N 155 -50 309 14.5 229.0-249.0
Chromite beds
----------------------------------------------------------------------------
1G11 3300E,820N 135 -50 324 14.0 Nil
----------------------------------------------------------------------------
1G13 3250E,710N 135 -50 306 8.0 Nil
----------------------------------------------------------------------------
1G15 3200E,650N 135 -45 195 8.0 Nil
----------------------------------------------------------------------------
1G16 3000E,640N -- -90 186 15.0 Nil
----------------------------------------------------------------------------
1G17 3225E,680N -- -90 267 10.0 137.0-144.0
(sulphides, Cu-Ni)
194.6-243.0
Chromite beds
----------------------------------------------------------------------------
1G20 3200E,680N -- -90 288 9.0 144.0-165.0
(sulphides, Cu-Ni)
246.5-285.6
Chromite beds
----------------------------------------------------------------------------
IG21 3175E,680N -- -90 9.0 169.5-190.1
(sulphides, Cu-Ni)
No Chromite beds
----------------------------------------------------------------------------


AT3

Four holes to-date have tested this moderately strong, 1000 meter long airborne anomaly with a coincident ground magnetic and EM response. Hole number 1G10 with 71.1 meters minor sulphides (mainly pyrite) from 24.9 to 96.0 meters in the hole and hole no. 1G12 with a low percentage sulphide intersection of 68.6 m from 204.0 to 237.0 meters (mainly pyrite and some visible copper sulphide mineralization) explained the anomaly which is dipping steeply north within the main peridotite sill.

Hole number 1G14 on grid line 700 East, 200 meters to the southwest, intersected disseminated iron and copper sulphides from 216.9 to 225.9 meters and hole no. 1G18, drilled at -70 degrees south along the grid line 700E encountered the visible copper bearing sulphide mineralization from 288.0 to 362.0 meters down the hole.

Additional immediate drilling here will further test this sulphide bearing target to depth and along strike with additional grid south orientated holes.

AT3 Table of Drill Holes


----------------------------------------------------------------------------
Hole Grid Azimuth Dip Final Overburden Mineralization
No. Location Depth (meters) (meters)
(meters)
----------------------------------------------------------------------------
1G10 900E,925N 315 -50 281 6.0 24.9-96.0
(minor sulphides
with cpy)
----------------------------------------------------------------------------
1G12 900E,1100N 135 -45 312 31.5 204.0-237.0
(5% sulphides with
cpy)
----------------------------------------------------------------------------
1G14 700E,1100N 135 -45 228 18.5 216.9-225.9
(1-2% sulphides
with cpy)
----------------------------------------------------------------------------
1G18 700E,1100N 135 -75 405 20.2 288.0-362.0
(1-5% sulphides
with cpy)
----------------------------------------------------------------------------


Due to the Company's continued success in discovering new significant mineralization at the Double Eagle project, field survey production is being increased including geophysical ground work to advance the companies other properties, including its several joint ventured claim groups around the Ring of Fire, to the diamond drill testing stage. As a result Aerotem anomalies, AT4, AT5 and AT6, are now awaiting drill scheduling and a fourth drill has been ordered for delivery after the spring break-up. The Company will continue to operate with helicopter supported three drills during the spring breakup period however, a few weeks of geophysical survey time may be lost due to adverse grid line conditions.

The widths of mineralization mentioned above are core widths as true widths cannot be determined at this time.

On Site Quality Assurance / Quality Control Measures

Billiken Management Services Inc. is providing all services on site for the Noront Double Eagle Project, from their base camp at McFaulds Lake and a drill camp at the Eagle One occurrence site. The aforementioned drill hole information, as well as geological descriptions are taken from drill logs as prepared by Billiken Project geologists on site. Billiken is a holder of a Certificate of Authorization issued by the Association of Professional Geoscientists of Ontario.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

Comments on drilling results in this press release have been completed under the supervision of Noront's senior management including Neil Novak P.Geo., a director and Vice President-Exploration and John Harvey P.Eng. Executive Vice President of Noront, being Qualified Persons under Canadian Securities guidelines. Both Novak and Harvey returned last week from the McFaulds Lake area and have approved the contents of this press release.

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 125,573,082 shares issued to date.

Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS:

R. Nemis, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


Contact:

Richard Nemis
Noront Resources Ltd.
[phone]
Website: www.norontresources.com

Source: Noront Resources Ltd.

[Fantomas96]

CORRECTION FROM SOURCE-Noront Resources Ltd.: Double Eagle Update

Wednesday April 2, 10:56 am ET


TORONTO, ONTARIO--(Marketwire - April 2, 2008) - In the release sent April 2, 2008 at 9:00am ET for Noront Resources Ltd., there were two errors. Under the "AT2" heading, it says "eight holes have encountered semi-massive to massive sulphide bands..." and it should have read, "seven holes...". The other error was under the "AT3" heading, it says "intersection of 68.6 m from 204.0 to 237.0 meters..." and it should have read, "intersection of 33.0 m from 204.0 to 237.0 meters...". The complete and corrected release follows.

.......


http://biz.yahoo.com/ccn/080402/200804020452476001.html?.v=2


FANTOMAS

[Fantomas96]

Lang, aber interessant:


Noront Resources Ltd. Management’s Discussion and Analysis – Nine Months Ended January 31, 2008

NORONT RESOURCES LTD. - MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE THIRD QUARTER ENDED JANUARY 31, 2008


This management’s discussion and analysis (“MD&A”) of results of operations and financial condition of Noront Resources Ltd. (“Noront” or “the Company”) describes the operating and financial results of the Company for the nine months ended January 31, 2008. The MD&A supplements, but does not form part of the financial statements of the Company and should be read in conjunction with Noront’s audited consolidated financial statements and related notes for fiscal year ended April 30, 2007. The Company prepares and files its consolidated financial statements in accordance with Canadian Generally Accepted Accounting Principles. Unless otherwise stated, all amounts discussed herein are denominated in Canadian dollars.


FORWARD LOOKING STATEMENTS

This MD&A includes certain “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical facts, included in this MD&A that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the Company’s businesses, operations, plans and other such matters are forward-looking statements.

When used in this MD&A, the words “estimate”, “plan”, “anticipate”, “expect”, “intend”, “believe” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to joint venture operations, actual results of current exploration activities, changes in project parameters as plans continue to be refined, unavailability of financing, fluctuations in precious and/or base metals prices and other factors. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward-looking statements.


DATE OF MD&A

This MD&A was prepared on March 28, 2008.


OVERALL PERFORMANCE

Noront is a junior resource company listed on tier 2 of the TSX Venture Exchange (“TSXV”) involved in the acquisition, exploration and development of properties for the mining of precious and base metals, and is currently active with exploration projects in Canada, Mexico, China and Hungary. The Company’s strategy is to concentrate its efforts primarily on its most advanced projects and to acquire by option its early-stage exploration projects on favourable terms, then after the Company has advanced these projects to the point of being attractive options to third parties.

On November 27, 2007, the Company announced that it has entered into an agreement with J.P. Morgan Securities Inc. J.P. Morgan will work alongside co-advisor IBK Capital Corp. to evaluate strategic
alternatives to enhance the development of the Company’s various assets. The Company continues to define its very attractive nickel-copper discovery in the James Bay Lowlands, as well as its high-grade gold discovery at Windfall Lake.

The market has reacted positively to the Company’s significant nickel, copper, PGE discovery buying the stock up to a 52 week high of $7.42 per share



OVERVIEW OF PROPERTIES

Double Eagle Project – McFaulds Lake, James Bay Lowlands, Ontario

The Double Eagle project consisting of approximately 386 claims encompassing an area of 93,100 hectares (230,000 acres) in the James Bay Lowlands in Northeastern Ontario adjacent to the Spider Resources Inc./KWG Resources Inc. joint venture where two significant volcanogenic base metal massive sulphide occurrences were discovered. The Company had previously optioned the Double Eagle project firstly to Hawk Precious Minerals Inc. and thereafter to Probe Mines Limited and was subsequently advised that neither party was willing to proceed further with the options and returned a 100% interest back to the Company in March 2007.

The Company announced on May 17, 2007 that it had entered into an option agreement with Condor Diamond Corp. and Greenstone Exploration Company Ltd. (Condor/Greenstone) to acquire two claims consisting of 8 units adjoining the Company’s Double Eagle project on the following terms:
Noront agreed to issue 175,000 shares (issued) and complete, during the calendar year 2007, a minimum of one diamond drill hole to test several highly rated airborne geophysical targets established on the claim group and confirmed by ground geophysics after which it will have earned an undivided 50% interest on the claims, and further have the right during the second year of the agreement, to earn the balance 50% upon the issuance of a further 225,000 common shares of the Company. Condor/Greenstone shall retain a 1% net smelter royalty which may be purchased by the Company at any time upon payment of the sum of $500,000 and/or at the Company’s option, issuance of an equivalent number of common shares of the Company. The total of 400,000 shares have been paid and the Company now holds a 100% interest in the claims subject only to the Net Smelter Royalty hereinbefore set out.

The Company had budgeted $400,000 for a diamond drill program to be conducted on the newly acquired claims as well as perhaps a follow up program covering the Company’s Double Eagle claims that
commenced in August 2007.

On August 28, 2007 the Company announced visual results of the first two holes of the diamond drilling program started August 24, 2007 on the recently optioned claims of the Company’s Double Eagle project.

The first hole of the current drill program NOT-07-01 was drilled at -45 degrees and intersected chalcopyrite and pyrrhotite mineralization between 56 meters to 82 meters, however the total sulphide percentage dropped off between 69 and 82 meters downhole. Between 82 and 122 the mineralization slowly decreases to trace levels beyond 125 meters. The total drill intercept of the mineralized sulphide zone was 69 meters.

The first hole continued to 140 meters and was terminated in granodiorite. A second hole drilled from same location, undercut hole NOT-07-01 at -65 degrees. This second hole entered similar mineralization (as in the first hole) at 91.3 meters core length. The hole intersected 72.9 meters of mineralization, the overall tenor of mineralization in the second hole is similar to that of the first hole, however a massive section of pyrrhotite and chalcopyrite over 1.93 meters (104.67 to 106.6) had been observed in the second hole and was not seen in the first hole. Plotting on section for the two holes suggested a steeply dipping structure that is in the order of 50 meters wide. Hole NOT-07-02 was terminated at 191 meters and the drill was moved 100 meters to the northeast to test for a northeasterly extension of this structure.

On September 10, 2007, the Company announced assay results from the first hole of the diamond drilling program started on August 24, 2007. The assays reported upon were for the first 26 samples that were selected between 55 meters and 92 meters, with additional sample results were to follow. The hole averaged 1.53 % copper, 1.84 % nickel, 1.04 g/t Pt and 2.87g/t Pd and 0.127 g/t Au over 36 meters between 56 and 92 meters downhole, being only the upper portion of the observed mineralized section. Of the 26 samples submitted from the first section of hole NOT-07-01, all of the samples received initial assay of greater than 1 g/t Palladium, eleven of the samples received initial assays greater than 1 g/t Platinum. Additional precious metal analytical results were pending.

Hole NOT- 07-03 and NOT-07-04 were positioned 100 meters to the northeast and southwest of the first two holes respectively. These holes failed to intersect the mineralized zone and were in granodiorite for the entire length. These two holes were designed to test the northeastern and southwestern extension of the electromagnetic and magnetically rendered anomaly. It has been interpreted, from the existing geophysics and geological observations, that these holes respectively undercut and overcut the mineralized zone observed in the first two holes. New grid lines were cut, oriented in two directions; normal to each other, where detailed ground magnetic and horizontal loop electromagnetic surveys were completed. In addition, MISSE A LA MASSE (MALM) borehole and surface surveys were undertaken to provide 3D mapping of this occurrence, results of which were used to facilitate a more detailed interpretation of this new sulphide target.

Diamond drill Hole NOT-04-05, was positioned 50 meters to the northeast of Holes NOT-07-01 and 02 and was drilled vertically at the peak of a magnetic anomaly to ascertain the magnetic body’s more precise location. After 6 meters of overburden and one meter of limestone, peridotite with interstitial chalcopyrite, pyrrhotite and pentlandite was encountered to a core depth of 47.4 meters. Between 47.4 and 112.6 meters massive chalcopyrite, pyrrhotite and pentlandite was observed. Then from 112.6 to 123.3 meters peridotite with interstitial chalcopyrite and pyrrhotite was observed. Between 123.3 and 124.4 meters, another massive section of chalcopyrite, pyrrhotite and pentlandite was observed. The hole then remained in peridotite until 127.4 meters core length, then entered granodiorite until the end of the hole at 143.4 meters.

Diamond drill Hole NOT-07-06 was also drilled 384 meters total depth, it was drilled from the east to undercut Hole NOT-07-5, returning core length intersections not representing true width. The positioning of this drill hole was designed to determine a dip of the sulphide occurrence, however the hole remained in granodiorite for its entire length.

On September 25, 2007, the Company announced final assay results from the first two holes of the diamond drilling program. Diamond drill Hole NOT-07-01final assay results include; 36 meters averaging 1.84% Nickel, 1.53% Copper, 1.14 g/t Platinum, 3.49 g/t Palladium, 0.13 g/t gold and 4.8 g/t silver.

Diamond drill Hole NOT-07-02 final assay results include; 57.9 meters averaging 2.02% Nickel, 1.40% Copper, 1.00 g/t Platinum, 3.27 g/t Palladium, 0.14 g/t Au and 5.3 g/t silver. Then on September 27, the Company reported the final assay results from the fifth hole of the diamond drilling program. Diamond drill Hole NOT-07-05 final assay results include; 68.3 meters averaging 5.9% nickel, 3.1% copper, 2.87 g/t platinum, 9.78 g/t palladium, 0.61 g/t gold and 8.5 g/t silver; a 3 meter section of this hole averaged 8.7% nickel, 10.9% copper, 40.79 g/t platinum, 14.57 g/t palladium, 9.39 g/t gold and 8.7 g/t silver

Many additional press releases were issued during October and the end of December 2007, pertaining to the progress of diamond drilling program on the project, including the following highlights of selected diamond drill holes as the drill holes explored in and around the Eagle One massive sulphide occurrence:

Diamond drill Hole NOT-07-07 that undercut hole NOT-07-05 intersected the mineralized zone at 72.5 meters core length and remained in it until 123.5 meters, including a total of 14.3 meter section of massive sulphide mineralization between 75.2 and 89.5 meters core length that averaged 2.5% Cu, 6.3 % Ni, 5.92 g/t Pt, 16.21 g/t Pd, 0.24 g/t Au and 8.3 g/t Ag.

Diamond drill Hole NOT-07-09 intersected the mineralized zone at 45.8 meters core length and remained in it until 88.55 meters, including two sections of massive sulphide totaling 22 meters, followed by a section of net textured peridotite. Assays for the 17.4 meter upper massive sulphide section averaged 3.87 % Cu, 4.82 % Ni, 1.02 g/t Pt, 14.78 g/t Pd, 0.27 g/t Au and 11.3 g/t Ag, while the lower 4.6 meter massive sulphide section averaged 2.01 % Cu, 8.3 % Ni, 0.14 g/t Pt, 0.23 g/t, 11.53 g/t Pd, Au and 5.1 g/t Ag.

Diamond drill Hole NOT-07-11 encountered two massive sulphide zones separated by weakly mineralized peridotite; first massive sulphide zone between 58.5 and 60.1 meters (1.6 meters averaged 4.82% Cu., 7.11% Ni., 2.53 g/t Pt., 14.65 g/t Pd., 0.19 g/t Au., and 14 g/t Ag.) followed by a second massive sulphide section between 74.5 and 75.8 meters (1.3 meters averaging 4.43% Cu., 7.37% Ni., 1.08g/t Pt., 18.1g/t Pd., 0.22g/t Au and 13 g/t Ag).

Diamond drill Hole NOT-07-12 intersected mineralized peridotite between 81.5 meters and 176 meters including a massive sulphide zone between 82.5 and 92 meters downhole. This 9.5 meter section averaged 1.54% Cu., 6.99% Ni., 2.61 g/t Pt., 10.07g/t Pd., 0.15g/t Au and 5.21g/t Ag. Then from 92 to 113 meters a semi-massive section of sulphides was encountered consisting of pyrrhotite, pentlandite and chalcopyrite, followed by net textured nickel and copper sulphide mineralization to 176 meters.

Diamond drill NOT-07-17 encountered the main mineralized zone between 96.5 meters and 177.5 meters downhole that over 81 meters averaged 0.77% Cu, 1.55% Ni, 0.91 g/t Pt, 2.97 g/t Pd, 0.13 g/t Au and 3.1 g/t Ag including a 7.5 meter wide massive sulphide intersection that averaged 1.54% Cu, 6.81% Ni, 2.17 g/t Pt, 6.62 g/t Pd, 0.15 g/t Au and 6.12 g/t Ag.

Diamond drill NOT-07-18 intersected mineralization between 105.2 meters and 230 meters, however due to lab delays, the semi-massive to massive sulphide section from 215 to 230 is not yet available. A 59.2 meter zone of net textured sulphides between 132.5 meters and 191.7 meters averaged 0.93% Cu, 1.84% Ni, 1.28 g/t Pt, 3.15 g/t Pd, 0.45 g/t Au and 3.9 g/t Ag followed by a 23.3 meter wide semi-massive to massive sulphide mineralized zone that averaged 1.52% Cu, 2.7% Ni, 2.02 g/t Pt, 5.86 g/t Pd, 0.15 g/t Au and 4.97 g/t Ag.

Diamond drill NOT-07-19 encountered the main mineralized zone between 104.2 meters and 110.8 meters over a drill intersection of 6.6 meters that averaged 0.63% Cu, 2.32% Ni, 1.13 g/t Pt, 3.93 g/t Pd, 0.06 g/t Au and 3.01 g/t Ag. This 37.5 meter stepout to the south is quite encouraging as the grade remains consistent.

Assays from holes 20 to 26 are highlighted by hole NOT-07-24 where 54.8 meters averaged 1.91% nickel.

0.26% copper, 1.31 grams/tonne platinum, 3.46 grams/tonne palladium, 0.35 grams/tonne gold and 4.2 grams/tonne silver.

NOT-07-27 intersected mineralization between 112.8 meters and 159 meters that over 46.6 meters averaged 6.25% nickel, 2.75% copper, 1.85 g/t platinum, 10.23 g/t palladium, 3.0 g/t gold and 10.3 g/t silver.

This well mineralized zone contained a 35.6 meter wide massive sulphide mineralized section between 116.8 meters and 152.4 meters that graded 7.91% Ni, 3.45% Cu, 1.66 g/t Pt, 12.79 g/t Pd, 3.87/t Au and 9.27 g/t Ag.

NOT-07-29 intersected mineralization between 18.3 meters and 84.2 meters that over 65.9 meters averaged 1.48% nickel, 1.1% copper, 1.18 g/t platinum, 2.94 g/t palladium, 0.12 g/t gold and 3.3 g/t silver.

Highlights of the drilling completed to the end of December 31, 2007 are summarized by the following table:


The drilling during the quarter ending January 31, 2008, confirmed that the Eagle One Ni-Cu-PGE
occurrence was a massive sulphide magmatic nickel mineralized body, surrounded in part by net textured sulphides in peridotite within a much larger variably mineralized steeply dipping peridotite that has an 80 degree dip to the west, with a steep plunge along a southerly strike.

Also during this period the Company advised that it had a very rigorous QA/QC program underway, and the first three batches of samples fell within the limits as determined by acceptable industry practice.

The Company further announced that it was increasing its land position and staking continues around the “Ring of Fire” and that they had initiated a large airborne survey contract awarded to Aeroquest International Limited, overseen by Scott Hogg and Associates, followed up by a very intense ground geophysical program. The near vertical dipping mineralized Nickel – Copper – PGM Eagle One occurrence averaging 40 to 45 meters in horizontal width remained open along strike, lies conformably near the western edge of a larger peridotite intrusive that has widened to 85 meters in horizontal width at its presently drilled south extent.

Twenty samples from holes NOT-07-01, NOT-07-02 and NOT-07-05 were selected for Precious Group Elements (PGE’s) as part of the ongoing evaluation of Eagle One. The samples were selected on the basis of initial platinum and palladium content, nickel and copper content as well as lithology. The samples initially underwent analysis for rhodium at ALS Chemex Laboratory in Vancouver B.C., then labsplits of the same sample set were sent to ALS’s affiliate lab in Australia, and additional splits were sent to Activation Laboratory in Ancaster, Ontario. The test work recently received confirms that other PGE’s are present in Eagle One and now need to be analyzed for on a regular basis. Variance between the two laboratories was within acceptable limits. The test-work included three consecutive samples selected from Hole NOT-07-05 between 111.5 meters and 115.6 meters down-hole. This 4.1 meter section averaged 3.2% copper, 3.62% nickel, 30.2 g/t platinum, 15.95 g/t palladium, 3.3 g/t gold, 8.1 g/t silver, 0.84 g/t rhodium, 0.15 g/t osmium, 0.21 g/t iridium and 0.42 g/t ruthenium. Noront will now be assaying previous samples from Eagle One for rhodium and completing additional assaying for the other PGE’s on a regular basis, to determine ratios of the other elements with respect to rhodium assays.
The on-going Aero-Tem-2 airborne geophysics was near completion over the Company’s vast land holdings in the Double Eagle project area. Several other anomalies were identified within 5 kilometers of Eagle One exhibiting similar geophysical expressions as Eagle One. These are all high priority targets and plans were being made for drill testing in the next quarter. The Company’s claims cover numerous airborne magnetic anomalies around the Ring of Fire. Ground follow-up program of line cutting and magnetometer and horizontal loop surveys was initiated covering some of the nearby (to Eagle One) airborne anomalies, these were well underway, designed to prioritize the anomalies for immediate diamond drill hole in early 2008. Two new drills were contracted and arrived on site in late January 2008.

The Company has entered into seven Option Agreements with various third parties covering a portion of the Company’s extensive land position in the Double Eagle project.


WSR Gold Inc. Option

November 1, 2007, WSR Gold Inc. and the Company entered into an option agreement pursuant to which WSR has been granted the option to acquire a 50% legal and beneficial interest in a property. The property includes 15 Claim Blocks, approximately 4,400 hectares (9,600 acres) on the “Ring of Fire”, McFauld’s Lake, Ontario.

In order to acquire its interest in the property, WSR is required to:

1. Issue to Noront an aggregate of 400,000 common shares once both parties have received all
required approvals including TSXV and Board of Directors approval of the Option Agreement;
2. Incur aggregate exploration expenditures on the property of $5,000,000 over a three year period (of which $1,500,000 must be expended in the first year);
3. make cash payments to Noront totaling $400,000 within two years of receiving the above noted
approvals of the Option Agreement (of which $200,000 must be paid in the first year, and any
portion of the aggregate of $400,000 may be satisfied at the option of Noront, by the issuance to
Noront of up to 800,000 common shares of WSR at a deemed price of $0.50 per share).
The transaction remains subject to required approvals on both sides including the approval of the TSXV and WSR’s Board of Directors (received subsequent to January 31, 2008).
Upon WSR earning its 50% interest in the property, WSR and Noront shall form a joint management committee to further develop the property and Noront shall act as Operator.


Hawk Uranium Inc. Option

November 21, 2007 - Hawk Uranium Inc. entered into an option agreement with the Company pursuant to which Hawk has the option to acquire a 50% legal and beneficial interest in a property. The property includes 10 Claims(covering a total of 160 claim units, or approximately 6340 acres) on the “Ring of Fire” of the McFaulds Lake area, James Bay Lowlands, Ontario near Noront's nickel copper discovery.

To earn its interest in the property, Hawk is required to:

1. Issue 400,000 common shares of Hawk to Noront immediately following approval of the option
agreement by the TSXV;
2. Complete an aggregate of $3,500,000 in exploration expenditures on the property over a three year period (of which $1,000,000 must be incurred in the first year); and
3. Make aggregate cash payments to Noront of $400,000 within two years of entering into the option agreement (of which $200,000 must be paid in the first year). The cash payments may be satisfied, at the option of Noront and subject to the approval of the TSXV, by the issuance to Noront of
800,000 common shares of Hawk (at a deemed price of $0.50 per share).

Upon Hawk earning its 50% interest in the property, Hawk and Noront shall form a joint management committee to further develop the property as a joint venture with Noront continuing to act as the operator.


Southampton Ventures Inc. Option

January 3, 2008 Southampton Ventures Inc. and the Company entered into an option agreement
pursuant to which Southampton has been granted the option to acquire a 50% legal and beneficial interest in 12 claim blocks (covering a total of 168 units or approximately 6,720 acres on the “Ring of
Fire”, McFauld’s Lake, Ontario, near Noront’s nickel copper discovery.

In order to acquire its interest in the property, Southampton is required to:

1. At Southampton’s option, make a payment to Noront of $200,00 or issue to Noront an aggregate of 266,667 common shares of Southampton, on both parties receiving all required approvals, including any TSXV approval and Board of Directors approval of the Option Agreement as may be required;
2. Incur aggregate exploration expenditures on the property of $3,500,000 over a three year period (of which $1,000,000 is firm for the first year);
3. Make total cash payments to Noront totaling $400,000 within two years of receiving the above noted approvals of the option agreement (of which $200,000 must be paid in the first year, and any portion of the aggregate of $400,000 may be satisfied at the option of Noront, by the issuance to Noront of up to 533,334 common shares of Southampton at a deemed price of $0.75 per share).
The transaction remains subject to required approvals on both sides including the approval of the TSXV and Southampton’s Board of Directors (received subsequent to January 31, 2008)
Upon Southampton earning its 50% interest in the property, Southampton and Noront shall form a joint management committee to further develop the property as a joint venture with Noront continuing to act as the operator.


Seafield Resources Ltd. Option

January 15, 2008 Seafield Resources Ltd. and the Company entered into an option agreement pursuant to which Seafield was granted the option to acquire a 50% legal and beneficial interest in 6 claim blocks, (covering a total of 96 claim units or approximately 3,840 acres). The property is located on the “Ring of Fire”, McFauld’s Lake area, Ontario.

The Seafield property covers an 8 km stretch of the “Ring” which is interpreted to be underlain by
metavolcanic and mafic to ultramafic intrusive rocks. Initial exploration over the property will include a stateof–the-art detailed heli-borne magnetic and EM geophysical survey expected to commence later this month, to define targets for follow up drilling.

In order to acquire its interest in the property, Seafield is required to:

1. Make an initial payment to Noront of $120,000 or issue to Noront an aggregate of 342,857 common shares of Seafield. Both parties are required to receive all approvals, including any TSXV approval and Board of Directors approval of the Option Agreement.
2. Incur aggregate exploration expenditures on the property of $2,100,000 over a three year period (of which $600,000 must be expended in the first year);
3. Make total cash payments to Noront of $240,000 within two years of receiving the above noted approvals of the option agreement (of which $120,000 must be paid by the first anniversary, and any portion of the aggregate of $240,000 may be satisfied at the option of Noront, by the issuance to Noront of up to 685,714 common shares of Seafield at a deemed price of $0.35 per share).

Upon Seafield earning its 50% interest in the property, Seafield and Noront shall form a joint management committee to further develop the property as a joint venture with Noront continuing to act as the operator.


Temex Resources Corp, Noront Resources Ltd. and Baltic Resources Inc. Acquisition

On December 11, 2007, Noront, Baltic Resources Inc. (“Baltic”) and Temex Resources Corp. (“Temex") announced that they have completed a significant land acquisition campaign in the McFaulds Lake area in the James Bay Lowlands region of northeastern, Ontario. The new properties, located in the general area of Noront’s Double Eagle Ni-Cu-PGE discovery, were acquired by Temex on behalf of Temex, Noront and Baltic collectively the Staking Syndicate (“Staking Syndicate”). A total of 120 mining claims comprising 1900 claim units totaling 76,000 acres (the “Claims”) were acquired on behalf of the Staking Syndicate.

Subsequent to the staking campaign, Temex, Noront and Baltic have entered into a binding Letter of Agreement whereby each party has agreed to grant the other two parties a 100% interest in one third of the total claims staked, with each of the parties retaining a 1% Net Smelter Returns (“NSR”) royalty in the claims granted to the other parties. Therefore each party has a 100% interest in one third of the claim units and a 1% NSR royalty in two thirds of the claim units. Temex acted as operator of the Staking Syndicate.

The Claims cover features that these companies believe represent a geological environment similar to the geological setting near the Noront Ni-Cu-PGE discovery. It is believed that the newly acquired Claims have never been subjected to any previous exploration for Ni-Cu-PGE mineralization, and for the most part, the Claims have not been covered by a modern magnetic and electromagnetic geophysical survey.


Windfall Lake Project, Urban Township, Quebec

This project initially covered two adjacent claim blocks of which Noront holds a 100% interest subject to a some small Net Smelter Royalties (NSRs). The Windfall Lake block consists of 33 claims encompassing 528 hectares (1,320 acres), and the Alcane block of 57 claims comprising 912 hectares (2,280 acres), 38 new claims were recently staked comprising 608 hectares adjoining the Company’s current holdings.

Numerous diamond drill holes were completed on this project with a number of significant gold intercepts. A detailed study of all diamond drilling done to date on the Windfall Lake project was completed by the Company’s “qualified person”. As a result of this study, further fieldwork was recommended to assess the economic potential of the high grade gold intersections previously encountered in the most recent drill programs. The focus of the latest work at Windfall Lake was to further assess an 800-metre-square area immediately east of the original Alto Showing where the best gold mineralization intersected to date has been encountered. This mineralized block is open in all directions. Since exploration drilling commenced in 1998, 141 drill holes have been completed. Gold intersections reported to date vary considerably in width and grade with wide drill hole sections up to 22.8 grams per ton over 9.4 metres and narrow sections up to 383 grams per ton over a one-metre interval having been reported. A diamond drill hole was reported in December 2006 NOT-06-100 which encountered three significant zones, the best of which covered a total width of 4.8 meters (15.7 feet) and consisted of six individual split core samples, two of which contained visible gold. Each of these six samples were assayed twice with the normal fire assay method and a third time with a metallic screen test. The weighted average of the three assay tests were 1792.9 g/t (52.30 oz/t), 800.1 g/t (23.33 oz/t) from the fire assays, and 1327.9 g/t (38.74 oz/t) for the metallic screening assay.

Results to date warrant continuing exploration to assess the economic potential of the property close to surface by attempting to establish sufficient reserves for narrow, high-grade mining or wide, low-grade reserves for bulk mining. An independent detailed study including all of the adjoining Murgor Resources Ltd. (“Murgor”) data was finalized, and it is hoped, will assist the Company in the proposed further underground exploration program currently underway.

On February 5, 2007 Noront entered into an option agreement with Murgor and Freewest Resources Canada (“Freewest”) whereby Noront can earn an interest in Murgor/Freewest’s Windfall Lake project which is contiguous to the Company’s Windfall Lake project. Noront agreed to issue 750,000 common shares and match Murgor/Freewest’s total exploration spending on the project (estimated to be $4 million over three years) in order to earn a participating 50% interest in the claims. Noront will act as operator, and have the right to propose a feasibility study and earn an additional 10% interest if Murgor/Freewest do not pay for the study and it is positive. The parties will operate under a joint-venture agreement providing for a party’s share to be diluted if that party does not participate in exploration and development costs. Noront retained Genivar S.E.C of Quebec to commence the permitting process in order to commence an underground exploration program.

On September 28, 2007 the Company announced the Certificate of Authorization for excavating the underground access ramp on the Windfall Project had been received from the MDDEP (Department of Environmental Protection and Sustainable Development) on the 25th of September 2007.
Permitting regarding expansion of the camp site, septic facilities, and gravel use are already in Noront’s possession. All information regarding the permit with the MRN (Department of Natural Resources) for taking the bulk sample has been submitted and is expected to be approved in a timely manner.
Camp expansion has been completed in order to accommodate all the construction crews and other required personnel. Construction Norascon of Amos (Quebec) has been selected for the surface construction work.

Surface work represents the portal trench and ground support, all the mineralized material and waste storage pads, the settling pond and the polishing pond, all of which have been completed. Mining
contractor Monterie Expert has been selected for all underground excavation.
Genivar SEC. of Val-d’Or (Quebec) is doing the management and supervision of the contractors, the environmental follow up and the detailed engineering regarding the Windfall Lake Project. Noront’s own geological crews will carry out the necessary mapping and sampling of the underground workings under the guidance of Tracy Armstrong, P. Geo., of P & E Mining Consultants Inc. Ms. Armstrong is a qualified geologist in the Province of Quebec.

The proposed ramp, approved by Noront’s directors is designed to assess and sample several areas of gold mineralization intersected in previous surface diamond drill holes. The gold zones include those encountered on Noront’s wholly owned Windfall Lake Property and its optioned Murgor/Freewest Property contiguous to the north where the ramp is being collared.

Costs for that portion of the ramp on the Murgor/Freewest option will be applied against the work
commitment on the optioned property. The ramp will commence on the Murgor/Freewest option ground and drive southward onto Noront’s ground to a vertical depth of at least 100 meters . Total cost of the ramp could exceed $8.0 million depending on the extent of work required to complete the necessary geological assessment of the gold zones.

The exploration ramp is planned in two phases. The first phase will investigate three zones including the NOT-06-100 area. The second phase is contingent on the success of the first and is designed to test five additional zones.

Noront has now been advised that the portal has been completed and driving of the ramp has begun.


Burnt Hill Tungsten Properties, Stanley Parish, York County, New Brunswick

Burnt Hill Property (Tungsten, Molybdenum, Tin)

This property consisted of 53 claims in three different blocks encompassing 384 hectares (960 acres) approximately 60 km north of Fredericton, New Brunswick. A newly staked block of claims has increased the property to 652 claims in one block. The Company is currently negotiating with Cadillac to have all the newly acquired claims fall under the Option Agreement set out herein. The claims host a tungsten
(wolframite) deposit, which has been described as potentially economic by various technical authors that have worked on it. Historical mineral resources range from 252,000 tons at a grade of 1.63% W03 to 2,820,900 tons at a grade of 0.147% W03. All resources identified were open latterly and more particularly, vertically. It was thought that the grades of the rock could be tripled by pre-concentrating the mineralized material utilizing a photometric ore sorter prior to milling, as a result of some test work completed by earlier operators on this project in the late 1970’s. The tungsten mineral wolframite (Fe, Mn) W04 contains 76.5% W03 which is the commodity quoted in world markets.

In October 2005, the Company entered into an option agreement with Limerick Mines Ltd., whereby Limerick could earn a controlling interest in the property, however in November 2006, Noront announced that it advised Limerick Mines Ltd that the latter was in default of its option agreement granting it the right to earn up to 65% of the Burnt Hill tungsten deposit. With that agreement terminated, Noront entered into a new option agreement with a private Ontario company (“the Optionee”) dated October 31, 2006, whereby the Optionee could earn a 51% interest in the property. This earn-in agreement called for exploration
expenditures of $1.5 million over 3 years ($500,000/year), while the Company was to receive 2.5 million shares of the Optionee and/or its assignee ($200,000 of which the Company is obligated to pay to the original vendor of Burnt Hill) and cash payments of $150,000. The Company also granted another option to the Optionee to earn a further 14% in the project for $500,000 cash or in shares equivalent of the Optionee (and/or its assignee), which intends to resume exploration and redevelopment of the project.

The Company announced on April 5, 2007 that it had agreed to the transfer of the Option Agreement from the private Ontario company to Cadillac Ventures Inc. (Cadillac) who has agreed to assume all the obligations called for in the Option Agreement with the Ontario private company.
The following properties also fall under this option agreement:

Tin Hill Property

This property consists of nine claims encompassing 144 hectares (360 acres). The claims host a series of greisenized quartz veins in a porphyritic monzonite. Mineralization mainly consists of cassiterite and wolframite in clusters or pods and can be quite high grade, e.g. up to 9.88% Sn and 2.24% W03. More work is required to understand the geology and mineralization.

McLean Brook Property

This property consists of nine claims encompassing 144 hectares (360 acres). The claims host anomalous values of tin and tungsten in soils. Grown-in trenches are present, and where mineralization was observed, it appears to consist of arsenopyrite with cassiterite and wolframite zones or veins. More groundwork is required.

Todd Mountain Property

This property consists of nine claims encompassing 144 hectares (360 acres). The claims host a large soil anomaly with values of Fluorine(F) (up to 6,800 ppm), Tin(Sn) (up to 2,400 ppm) and Tungsten(W) (up to 121 ppm). Mineralization has been described as arsenopyrite – fluorite-cassiterite veins occurring within a regional joint system. More exploration is required.

In June 2007, the Company amended its agreement with Cadillac whereby Noront, in an effort to accelerate the development of the Burnt Hill project, will now complete a $1.5 million exploration program during the 2007 calendar year on the Burnt Hill project. Furthermore, in order for Cadillac to earn its 51% interest in the project, in addition to paying the Company $100,000 and issuing 2,500,000 Cadillac shares to Noront,

Cadillac will deliver to Noront on or before December 31, 2007, $1.5 million of the capital of Cadillac to be valued at no more than $1.00 per share and/or at the same price as a proposed financing contemplated by Cadillac to be completed in the second or third quarters of fiscal 2008.

In order to provide ease of access to the property with the surface rights holders, Cadillac and Noront signed a License Agreement with a J.D. Irving, Limited company (“Irving”) of Saint John New Brunswick. This agreement contains terms and conditions regarding land usage during the exploration phase of the Burnt Hill Project, and will be in force until June 30th 2008. At present this agreement encompasses the Burnt Hill, Todd Mountain, Tin Hill and Mclean Brook claim groups, as well as the additional 221 claims which Cadillac had undertook to stake. The new claims encompass multiple mineralization showings as identified by Neil Willoughby P.Geo, an independent geologist employed through Billiken Management Services Inc. (“Billiken”) of Toronto, during a detailed surface geological mapping program over the joint-venture claims and an informal prospecting survey of the surrounding area.

Drilling commenced in early September 2007. A drill contract having been entered into with Cabo Drilling of Vancouver for the Project. This program utilized two drills under the auspices of Jim Burns, P.Eng, an independent qualified person. The program had the objective of twinning certain historic holes in order to bring the historical data to a NI-43-101 compliant level, in order to support a current resource calculation.

Mr. Gene Puritch of P&E Mining Consultants Inc. helped design this drill program, and is, in conjunction with Brian Newton, P.Geo and President of Billiken, and Jim Burns, P.Eng, also going to assist in planning the exploration drill program to follow, expected to be in the order of a 6000 metre program. As part of the agreement with Irving, the company’s agreed to carry out this program in compliance with the Mining Act, the Clean Environment Act and other applicable legislation.

Project operations were ongoing for the entire quarter ending December 31, 2007 and in addition to the diamond drill program, consisted of detailed surface mapping as well as the brushing out of existing line, and the cutting of new lines on each of the 4 claim groups. The linecutting facilitated access and the continuation of the detailed surface mapping, as well as an IP survey over selected areas. Logistical preparations included the construction of core logging and core storage facilities on site and at nearby Boiestown,New Brunswick.

As required under the joint venture agreement, and towards earning the initial 51% interest in the project, Cadillac made the 2,500,000 share payment to Noront.


Tie Jiang Ying Zi Property, Inner Mongolia, China

Noront owns a 100% interest in this property, which consists of a mineral rights permit comprising 5.16 square kilometres. The company formed a foreign investment company in Inner Mongolia to carry out mineral exploration and development. BaoTou Noront Mineral Development Co. Ltd. (“BaoTou”) will be able to acquire a 100% interest in the Tie Jiang Ying Zi property and other mineral properties, by purchasing the mineral rights from private Chinese companies or by applying for the mineral rights of new properties from the various Chinese Departments responsible for the Land and Mineral Rights. Since mineral rights belong to the Peoples Republic of China, the process of transferring the rights is quite complex and slow, particularly since Noront was the first foreign enterprise in Inner Mongolia to go through this process.

In 2004, two grab samples were taken from a five-metre-deep pit by Norman Brewster, P.Geo, and Uldis Abolins, P.Eng. and assays were performed by SGS Canada Inc. Mineral Services in Toronto, returning values of 1,715.8 gm/mt Au, 338 gm/mt Ag and over 1% Cu from the bedrock sample, and 11.9 gm/mt Au, 9.2 gm/mt Ag and over 1% Cu from the rubble sample.

In February 2006, Noront announced that it’s wholly owned China subsidiary BaoTou received an
exploration permit covering its China One Copper/Gold project. Noront also agreed in principle with private individuals (“China Group”) to grant them the option to earn a 50% interest in the project for US$90,000. The China Group intends to transfer their rights to a publicly traded vehicle on a recognized stock exchange in North America (the “Transferee”) within 30 days of the agreement, which also calls for exploration
expenditures of US$750,000 by February 1, 2009. $250,000 by February 1, 2007, which was extended to February 2, 2008 in consideration of a further 100,000 common shares of the Transferee and in addition the China Group will also arrange for delivery to Noront of a further 300,000 common shares of the Transferee upon transfer of the option arrangements and 250,000 shares on each of the second and third anniversary of the agreement.

On November 21, 2006 Noront announced that it had been advised that its Option Agreement with the "China Group" had been transferred to Newport Gold Inc. ("Newport")(OTCBB: NWPG). Newport agreed to assume all of the obligations contained in Noront's agreement with the China Group. The China Group had recently completed an IP survey, mapping and sampling over the project through a Chinese consulting group. Noront has been advised that it has applied to expand the project area up to 15 sq km and further the Company’s exploration licence has been extended for two years. Newport also indicated its intention to commence a diamond drill program as soon as it has required permits and registered all claims accordingly.


MEXICAN PROPERTIES

On November 7, 2007, Noront announced it had successfully renegotiated the terms of the following mineral option agreements with private interests in Mexico and Canada.


Volcan 1 Property, Baja, Mexico

The original agreement called for a series of payments totalling $70,000US in cash, 350,000 shares and a work commitment of $15,000 US on or before December 15, 2007. The Optionor would retain a 2% net smelter royalty (NSR). Half of that NSR or 1% may be purchased by Noront at any time for $1 million US.

The Company has entered into an Amending Agreement with the Vendor. The Amendment Agreement calls for a one time stock payment of 40,000 shares in exchange for a 100% interest in the project subject to a 2% NSR. Half of the NSR or 1% may be purchased at any time for $1 million US.

A detailed ground magnetometer survey was recently completed and several strong anomalies have been
located along a north-south trend where previous trenching in 1968 discovered significant copper-nickel sulphide mineralization across widths up to 16 meters in a series of trenches along a 400 meter strike length.

In 2005 check chip channel samples were taken from the 50 foot trench averaged 2.95% Copper and 0.355% Nickel across 50 feet. Cobalt assays gave values ranging from 230 parts per million (ppm) to 950 ppm (0.095% Cobalt) while Precious Metals (Au, Pt, Pd) assay results gave values up to 0.504 grams per ton. (See news release dated December 19, 2005). No diamond drilling, to Noront’s knowledge, has ever been completed on the project. Before drill testing of the magnetic anomalies is considered, further trenching including resurrection of the old trenches and sampling will be completed as soon as equipment becomes available and Noront acquires surface rights allowing the Company to complete the proposed exploration program. The Company has retained Mexican counsel to seek the required surface rights. The shares payable pursuant to the Amending agreement are currently held In Trust with the Company’s lawyers pending the transfer of the claim group to the Company’s wholly owned Mexican subsidiary.


El Verde Project, Mexico

The El Verde property agreement called for payments totalling $745,000 US, 650,000 shares and work costs of at least $600,000 on or before November 10, 2010. By executing these payments and performing the required work programs, Noront would earn a 100% interest in the claims subject to a 1.5% NSR. Noront would have the right to purchase 2/3 of the NSR or 1% at any time by paying $1.5 million US.
The Company has entered into an amending agreement which calls for a one time payment of 60,000 shares in exchange for a 100% interest in the claims subject to a 1.5% NSR. Two thirds of the NSR or 1% may be purchased at any time by Noront for $1.5 million US.

Historical records reviewed established that the El Verde project lies approximately 40 km west of the Glamis Gold Corp’s “El Sauzal” Disseminated Gold Deposit and 19 km S/SE of the Pan American’s “Alamo Dorado” Deposit and peripheral to the large Santos Thomas Copper Porphyry Deposit 6 km to the east.

These records indicate that in the early 1970s, the Mexican government (CRM) completed two short diamond drill holes – reportedly, one of these holes intersected over 26 meters (81ft) an average 9.6% zinc (Zn). The records also report that this diamond drill hole went to a depth of 70 meters. The top of the unit drilled appears to be in an oxidized skarn, well leached, abundant hematite, copper oxide, some zinc, oxides calcite and phlogopite. Results at the bottom of this hole returned values over 1.2 meters of 17.1% zinc 2.95% copper (Cu) and just under 2 oz of silver (Ag). Noront was advised that the drill core splits are apparently still warehoused with the CRM in Durango City. The Company has not been able to verify and log this core at the Government‘s facility in Durango, Mexico since the Mexican authorities have been unable to retrieve the core in their very large storage facilities. .Noront in its attempt to verify the high-grade hole has completed five diamond drill holes. One hole did not hit the target. The mineralized section in each drill hole was sampled and assayed.

On July 20, 2007, the Company published the assay results above. 10% in copper and zinc from the El

Verde drilling:

A review of this Technical Data Has Indicated that “although the mineralized zones intersected to-date are not of economic grades the widths of both the copper and zinc zones are impressive. Up to 67 meters of 1.235% zinc. This along with the bedded style of the mineralization within the limestone unit make the area to the south of the drilled zone a favorable prospecting target. The area to the south exhibits similar rock types and showings of zinc and copper along the eastern flank of a N-S range of hills. Numerous high grade floats are visible in the valley bottom having rolled down the dip slope of the mineralized zones found during the Phase I mapping and prospecting program. It has been recommended this area be thoroughly prospected, mapped, trenched and sampled where needed. If this Phase proves to be successful a road can be constructed to the south of the area drilled in early 2007 and a drill program laid out to test the mineralized zones.” The Company is considering these recommendations and will make a decision shortly.

The shares payable pursuant to the Amending agreement are currently held In Trust with the Company’s lawyers pending the transfer of the claim group to the Company’s wholly owned Mexican subsidiary.


Escondida Project, Mexico

The Escondida project agreement called for a series of cash and stock payments totalling $175,000 US and 300,000 shares for a 10% interest in the mineral claims subject to a NSR equal to 2%. The NSR may be purchased outright at a cost of $500,000 US for each 0.5% or $2,000,000 US for the 2% NSR. Noront has the right of first refusal on any offer for the NSR by a third party.

The Company has entered into an amending agreement which provides for a one time payment of 40,000shares to acquire a 100% in the property. The terms of the net smelter royalty remain unchanged. The vendor will retain a 2% NSR that may be purchased for $2,000,000 US or $500,000 for each one half per cent. Noront has a right of first refusal on any third party offers for the NSR.

The property was explored by shaft and adit in the early 1990’s to a depth of several 100 feet. The shaft appears to be flooded at this time. The Company is now considering an exploration program having completed geophysics over the claims.

The Company had agreed (subject to all regulatory approvals) to pay a finders fee of 18,115 common shares of the Company to Exploration Canada de Oro SA de CU, a Mexican exploration company for the introduction to the property and subsequent option agreement.

The shares payable pursuant to the Amending agreement are currently held In Trust with the Company’s lawyers pending the transfer of the claim group to the Company’s wholly owned Mexican subsidiary.


Hunters Point Package, Atwater and Booth Townships, Quebec

The Hunters Point property was optioned in June of 2006 from Globex Mining Enterprises Inc. Noront Resources Ltd. has the right to earn up to a 100% interest in a package of 6 claim groups that total 763 hectares. The first 75% interest in the claims is accomplished by paying $200,000 cash, issuing 1.1 million shares and expending $2.5 million dollars in exploration over a four year period. A further 25% interest is acquired by paying Globex an additional $500,000 in cash and issuing a further 500,000 shares of Noront to Globex. Globex retains a 2% Gross Metal Royalty. Any additional claims staked within a 25 km. radius of this mineral land package is included in the agreement

Historical values ranging up to 1.12 oz/ton gold and 7.7% uranium from surface grab samples (see Globex news release dated February 21, 2005) and numerous anomalous values in gold, uranium and rare earth elements have also been reported in historical and government data bases. Very little work has been accomplished within this extensive land package since the 1950’s.

Since June of 2006 Noront has made the necessary cash and stock payments to keep the agreement in good standing. As a result of an airborne survey carried out by Noront in the fall of 2006 additional claims were added bringing the total land package to an area in excess 14,000 hectares. The 2007 field program has consisted of data compilation, geological mapping and sampling, prospecting, line cutting and
geophysics..

The Company renegotiated a finder’s fee payable to a third party regarding the acquisition of the Hunters Point uranium-gold project. The original finder’s fee agreement called for staged payments based on a percentage of work expenditures during the course of the option agreement. The sum of $22,500 was paid upon completion of the commitment to earn into the properties and the total fee cannot exceed $107,500.

The fee is payable in cash or stock equivalent.

An amended agreement was negotiated which called for a one time payment of 20,000 shares which was made. Management has concluded that the results of the program did not warrant making the next stage of payments on the property and the project was returned to the vendor.

Mid-Matra Project, Hungary

On November 6, 2006 Noront entered into an agreement with private interests in Hungary to acquire mineral exploration permits, in the Mid-Matra region near the village of Paradsasvar, 110 km northeast of Budapest, that cover approximately 30 square km in known mining area about 6 km east of large Recsk polymetalic deposit of copper, zinc, lead, molybdenum, gold and silver. Noront’s Mid-Matra exploration permits were investigated earlier – several underground adits were driven to detail sample widespread vein type polymetalic mineralization. Similar mineralization was exploited on properties adjacent and west of the Noront permits. Historical data from the latter underground exploration efforts indicate that significant widths of favourable grade zinc, lead, copper, silver and gold mineralization were encountered in the old adits. This data cannot be verified, however a proposed exploration program will focus on re-sampling and assaying the area where the old work was concentrated. After Noront has spent three times (~$60,000) the cost of the permit acquisition, it will have earned a 75% interest in the property.

On November 22, 2006, Noront announced that it entered into an agreement with Znco Minerals Limited (“Znco”) wherein the latter has been granted an option to earn a 100% interest in Noront’s right to acquire a 75% interest in the Mid-Matra Project. In July of 2007, the Company announced that a Canadian company, Jamie Frontier Resources Inc (Jamie) had negotiated and obtained an assignment of Noront’s option agreement with Znco. Jamie has agreed to pay to Noront $25,000 cash, $15,000 within 20 days of the execution of the agreement and which the Company has received and $10,000 within six months. Jamie has further agreed in order to earn Noront’s interest in the project, to issue 600,000 shares of Jamie, staggered over 36 months and incur a minimum of $1 million of exploration work cost over a 30 month period. Noront will, after Jamie has completed its total option payments, retain a 1.5% Net Smelter Royalty (NSR) of which Jamie shall have the right to purchase a .5% interest for $500,000.


Lizar Project, Ontario

In June 2007, the Company acquired the Lizar gold and base-metal property (the “Property”) located in northwestern Ontario. The Property was optioned from Freewest Resources Canada Inc. (FWR:TSX-V), whose exploration activities over the last 5 years on it, resulted in the discovery of several new high-grade gold occurrences. The Lizar property consists of 504 claim units, or 81 square kilometres and is situated in Lizar, Breckenridge, Namiegos and Mosambik townships, 500 kilometres east of Thunder Bay and 90 kilometres east of the Hemlo gold mining operations near Marathon.
The Property is underlain by Archean metavolcanic and metasedimentary rocks of the Kabinakagami greenstone belt within the Wawa Subprovince. Significant producing mineral deposits in the White River-Schreiber area of the Wawa Subprovince include the Winston Lake (3.1MT @ 1.0% Cu, 15.6% Zn, 30.9 g/t Ag) and Geco (58.4 MT @ 1.9% Cu, 3.5% Zn, 50.0 g/t Ag) volcanic-hosted massive sulphide deposits and the David Bell, Williams and Golden Giant gold deposits at Hemlo (22 million contained ounces). Lizar has demonstrated potential to host felsic volcanic-hosted disseminated gold deposits, volcanic-hosted massive sulphide deposits and magmatic copper-nickel-platinum group element deposits.

Gold mineralization at Lizar is hosted within felsic volcanic and intrusive rocks, as irregular and
anastamosing zones of wallrock-hosted quartz-sericite-pyrite alteration. Such is the case at the new discoveries at the Kirk, Kyle, Sting and 42 zones, situated in the central portion of the Property. Grab and channel samples have yielded assays of up to 32.0, 5.1, 13.1 and 106.6 g/t gold respectively, from these zones. Quartz veins are minor and appear to have no relationship with the high gold values. Garnet alteration, sericitic alteration and mafic dyke complexes are common proximal to gold mineralization. Well defined induced polarization (IP) anomalies are closely associated with the auriferous alteration zones and are suggestive of a potentially large mineralizing system. The Property also hosts a number of historic gold occurrences including the Stenabaugh discovery, made by Cominco in 1937. This occurrence reportedly assayed 3.4 g/t gold over 8.8 metres in a channel sample. The Stenabaugh and the new gold occurrences have never been tested by diamond drilling.

Significant base-metal mineralization occurs in the southwest portion of the Property at the Namiegos zone, within felsic volcanic rocks. Heavily disseminated to semi-massive sulphides comprising pyrrhotite, pyrite, and lesser chalcopyrite and sphalerite occur over widths of up to 25 metres and an intermittent strike length of 300 metres. Intense sericite alteration characterizes the host rocks and aluminous alteration including kyanite and staurolite occur in surrounding rocks. The mineralized zone coincides with a strong horizontalloop electromagnetic (HLEM) conductor and as the case with the gold occurrences, has not been tested by diamond drilling.

Komatiitic flows and ultramafic intrusions occur near the base of the volcanic pile at Lizar and offer potential for magmatic nickel-copper-platinum group element deposits. A single historic drill hole completed within the ultramafic rocks yielded assays of 0.5% nickel and 1.3 g/t palladium over a 3-metre core length.
Noront completed a program of diamond drilling comprising in excess of 2000 metres, to test the best gold and base metal occurrences on the property. The results of sampling of drill core during the 2007
exploration program yielded anomalous values of gold (up to 1.67 g/t over 0.8 meters), copper (up to 1,596 parts per million) and zinc (up to 996 parts per million). The Company is currently evaluating these results in order to plan future work.

Under the terms of the option agreement with Freewest Resources Canada Inc. Noront may earn a 60% interest in the Property by incurring $1,000,000 of exploration expenditures over a three-year period and making a one-time cash payment of $20,000. Noront is committed to spending $400,000 on exploration during the first year of the agreement. Upon Noront earning a 60% interest in the Property, further exploration and/or development of it will be under a joint-venture agreement involving Noront Resources Limited (60%) and Freewest Resources Canada Inc. (40%).


Garden Island, Quebec

In July 2007, the Company entered into an agreement with a private Quebec company, TSR Resources Inc.

(TSR) to acquire an interest in TSR’s Garden Island gold-base metal property.

The Garden Island property is located approximately 15 km northeast of Val d’Or, Quebec and is comprised of 296 mining claims, most of which are in Pascalis and Senneville Townships, which lie along a northwestsoutheast trending Abitibi volcanic greenstone belt.

Under the terms of the option agreement with TSR, Noront may earn up to a 33 1/3% interest in the Garden Island property by incurring $500,000 of exploration by December 31, 2007 thereby earning an undivided 25% interest in the project and thereafter at Noront’s option has the right to earn an additional 8 1/3% interest by paying to TSR a further $250,000 or at Noront’s option, the equivalent dollar value in Noront’s common shares on or before December 31st, 2008.

TSR acquired the project to explore for base metal and gold deposits similar to those located in the same greenstone belt to the south and southwest in Louvicourt and Vauquelin Townships respectively.
Initial funding of TSR allowed for the completion of a deep penetrating airborne geophysical survey which located numerous targets warranting further ground investigation along the NW-SE geological trend.

Reconnaissance work to date consisting of prospecting and bedrock sampling with the aid of a small drill has indicated areas for further follow-up. In particular a detail grid is being established in the southeast portion of the property to cover a large gossanous area containing stringers of massive iron sulphides with minor copper and zinc mineralization in mafic volcanics indicative of a stringer zone commonly occurring adjacent to base metals deposits. Any geophysical conductors located in this immediate surrounding area will be the subject of an immediate diamond drill testing program.

Reconnaissance exploration will continue along the volcanic belt where previously untested airborne targets exist.


Iron Lake Project, Quebec

In July of 2007, the Company entered into a Letter of Intent covering the optioning of a 97 leased claim grid units in Kating & Killins Township, located within the District of Algoma, northern Ontario.

The agreement calls for payment of $5000 to the Optionors and expenditures including all lease payments of $50,000 during the first year of the agreement, which will earn the Company an 80% interest in the claim group. An optional second payment of a further $10,000 to the Optionor during the second year of the agreement will earn the Company the balance of the projects (100%).


SHAREHOLDER RIGHTS PLAN

On June 19, 2007, the shareholders of the Company voted to approve the adoption of a shareholder rights plan (the “Rights Plan”). The rights Plan is being adopted in order to reflect developments in Canada with respect to shareholder rights plans and is designed to encourage the fair treatment of shareholders in connection with any take-over bid for the Company. The plan provides the Board and shareholders with more time to fully assess any unsolicited take-over bid without undue pressure, and to pursue, if appropriate, other alternatives to maximize shareholder value and allow additional time for competing bids to emerge.

The plan was not proposed in response to any acquisition or take-over offer and is not intended to prevent one. The rights become exercisable only when a person or party acquires or announces an intention to acquire 20% or more of the outstanding shares of the Company without complying with the “Permitted Bid” provisions of the plan. The Plan is subject to reconfirmation every third annual meeting of shareholders until the plan expires in 2016.


SUBSEQUENT EVENTS

Private Placement

The Company closed a private placement of 6,500,000 units of Noront for aggregate gross proceeds of $26,000,000 in February of 2008.

Each unit was priced at $4.00 and consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of Noront at an exercise price of $5.00 for a period of two years from the date of issue, subject to accelerated expiry, being 30 days after the common shares of Noront have closed at or above a price of $6.00 for ten consecutive trading days on the principal exchange on which Noront’s common shares are listed for trading. The common shares and warrants comprising the units, and the common shares underlying the warrants, are subject to a hold period which expires on June 7, 2008. IBK Capital Corp. acted as agent and J.P. Morgan Securities Inc. acted as financial advisor for Noront on this transaction.
On March 12, 2008 the Company announced the acceleration of the warrants (3,250,000) to be exercised at $5.00 per common share on or before April 10, 2008.


Lund Gold Ltd. Option

February 4, 2008 Lund Gold Ltd. and the Company entered into an option agreement pursuant to which Lund has been granted the option to acquire a 50% legal and beneficial interest in 13 claim blocks covering a total of 169 units on the ‘Ring of Fire’, McFauld’s Lake, Ontario.
In order to acquire its interest in the property, Lund is required to:
1. Issue to Noront an aggregate of 400,000 common shares of Lund, on both parties receiving all required
approvals, including any TSXV approval and Board of Directors approval of the Option Agreement;
2. Incur aggregate exploration expenditures on the property of $3,500,000 over a three year period (of which $1,000,000 is firm for the first year);
3. Make total cash payments to Noront totaling $400,000 within two years of receiving the above noted approvals of the Option Agreement (of which $200,000 must be paid in the first year, and any portion of the aggregate of $400,000 may be satisfied at the option of Noront, by the issuance to Noront of up to 1,600,000 common shares of Lund at a deemed price of $0.25 per share).

The transaction remains subject to required approvals on both sides including the approval of the TSXV and Lund’s Board of Directors.

Upon Lund’s earning its 50% interest in the property, Lund and Noront shall form a joint management committee to further develop the property as a joint venture with Noront continuing to act as the operator.


Intrinsic Minerals Ltd. Option

February 1, 2008 Intrinsic Minerals Ltd. entered into an option agreement with the Company pursuant to which Intrinsic was been granted an option to acquire a 50% legal and beneficial interest in a property consisting of 9 claim blocks (covering a total of 144 claim units) along the Ring of Fire located in the McFaulds Lake area in northeastern Ontario.
To earn and maintain its interest in the property, Intrinsic is required to:
1. Pay to Noront a sum of $180,000 consisting of $90,000 in cash and 180,000 common shares of Intrinsic;
2. Fund $3,150,000 of exploration expenditures on the property over a three year period (of which $900,000 must be incurred in the first year); and
3. Make additional aggregate cash payments to Noront of $360,000 within two years of entering into the option agreement. The cash payments may be satisfied, at the option of Noront through the issuance to Noront of 720,000 common shares of Intrinsic.

Upon Intrinsic earning its 50% interest in the property, Intrinsic and Noront shall form a joint management committee to further develop the property as a joint venture with Noront acting as the operator.


Intrinsic Minerals Ltd. Second Option

February 1, 2008 Intrinsic Minerals Ltd. entered into a second option agreement with the Company pursuant to which Intrinsic was been granted an option to acquire a 50% legal and beneficial interest in 2 properties consisting of a total of 17 claim blocks (covering a total of 212 claim units) for a total area of 3,392 hectares along the Ring of Fire located in the McFaulds Lake area in northeastern Ontario. This is the second such agreement between Intrinsic and Noront.

To earn and maintain its interest in the property, Intrinsic is required to:
1. Pay to Noront a sum of $260,000 payable in the form of 520,000 common shares of Intrinsic;
2. Fund $4,550,000 of exploration expenditures on the property over a three year period (of which
$1,300,000 must be incurred in the first year); and
3. Make additional aggregate cash payments to Noront of $520,000 within two years of entering into the option agreement. The cash payments may be satisfied, at the option of Noront, through the issuance to Noront of 1,040,000 common shares of Intrinsic.

Upon Intrinsic earning its 50% interest in the property, Intrinsic and Noront shall form a joint management committee to further develop the property as a joint venture with Noront acting as the operator.


Burnt Hill Tungsten Properties

In March of 2008, the Company received a further 1,875,000 common shares of Cadillac Ventures Inc. (Cadillac) representing payment to the Company for the Company’s $1,5 million exploration payment made on behalf of Cadillac and thereby Cadillac has earned its 51% interest in the Burnthill Project.


RESULTS OF OPERATIONS
Summary of Quarterly Results

The following tables set out financial performance highlights for the last eight quarters.





Third Quarter Fiscal 2008

In the three months ended January 31, 2008, the Company saw a moderate increase in its interest income over the second quarter 2008, primarily as a result of an inflow of proceeds from the exercise of options and warrants as the Company’s share price performed well in the public market. These funds are invested in four separate short term Guaranteed Investment Certificates in order to provide liquidity while minimizing risk.

The average yield of these investments at October 31, 2007 was 4.06%, as compared to 4.61% in the prior quarter.

The Company does not hold investments with exposure to the sub-prime lending market, asset backed commercial paper, nor any derivative thereof.

The Company saw expenses in the third quarter rise sharply over the second quarter of fiscal 2008 primarily due to the increase in stock based compensation charges. While the third quarter of fiscal 2008 saw two separate stock option grants while the first quarter of 2008 saw three grants, the third quarter saw 225,000 more options granted than the prior quarter with a significantly higher fair value being assigned.

With stock based compensation and the write-off of deferred exploration expenses factored out for analytical purposes, quarter over quarter increases in aggregate expenses may be seen. With this being considered, the normalized increase in expenses quarter over quarter is driven by a number of factors including, but not limited to an increase in variable overhead costs associated with increased corporate activity. As the Company services its growing portfolio of mining properties, costs such as general travel and office consumables have increased in turn.

Moderate increases in regulatory and filing fees have also been seen as these costs are activity and market capitalization based. The Company has also seen an increase in shareholder information costs, which include costs associated with mailings, press releases and sundry shareholder communication.

Understandably, the increase in shareholders associated with last December’s private placement, coupled with the significant increase in exploration activity, has meant the Company has had to communicate with more shareholders on a more frequent basis.

Management and consulting fees have also increased as the Company adds to its ranks to accommodate the rise in activity in its core exploration programs.

Nine Months Ended January 31, 2008 vs Nine Months ended January 31, 2007



When contrasted against the nine months ended January 1, 2007 the Company reported higher interest income, and significantly increased expenses. The Company has benefited from a December 2006 private placement which saw $15 million added to its interest bearing cash reserves, resulting in an increase in interest income from the receipt of proceeds late in Q3 2007 onward. Furthermore, the rise in the
Company’s share price has also yielded additional funding as warrant and option holders exercised their securities.

An increase of $2,381,754 is seen in the aggregate expenses reported for the nine months ended January 31, 2008 over the comparative period January 31, 2007. This variance is a function of:
i) Five separate stock option grants to consultants and service providers during the nine
months ended January 31 with a fair value of $2,261,793, compared to four with a fair value
of $807,575 during the same period in 2007. Furthermore, the Company’s favourable
exploration results seen the last several months have translated to a significant increase
shareholder value, resulting in an inherent increase in the value of option compensation
granted during the corresponding period, as the Company’s underlying share price has
risen.
ii) The write-off of the deferred expenses pertaining to the Company’s Lawson Township and
Larder Lake interests, amounting to $182,560 in aggregate. Management has assessed
these projects and has concluded that further expenditure is not warranted at this time.
iii) A significant rise in the cost of servicing the Company’s shareholders. Over the past nine
months, the company has seen its share price rise significantly with its favourable
exploration program results, resulting in a sharp rise in exercise of stock options and
warrants. This has in turn lead to a significant rise in the number of issued and outstanding
shares. The result has been a rise in transaction based costs and regulatory fees incurred
by the Company to accommodate the needs of its growing shareholder base.
iv) Greater use of consultants in the day to day administration of the Company and its projects
has led to comparative increases in reported expenditures in this area. Existing consultants
are being utilized to a far greater extent as both the number and size of the Company’s
projects continues to rise smartly.
v) An increase in general corporate expenditures. For information and disclosure purposes,
the table below denotes the three and nine month detail for general corporate expenditures
for the periods ended January 31, 2008 and 2007:



During the nine months ended January 31, 2007, Company’s general corporate expenses rose over comparative periods due to the following:

a) During the nine months ended January 31, 2007, the company incurred an Ontario Employer
Health Tax liability brought on by the value of the stock options being exercised. In the absence
of such activity in the comparable quarter of this fiscal year and also in the prior fiscal year, there
was no such cost incurred in the comparative periods. This expenditure variance was partially
mitigated by a $17,892 part 12 administrative tax paid to the Canada Revenue Agency related to
the company’s flow-through filings.
b) Shortly after the commencement of the fiscal year, the Company secured comprehensive
Directors’ and Officers’ insurance coverage. The addition of this coverage has served to
increase the overall insurance expense when contrasted against comparative periods.
c) The combination of the rise in the number of shareholders, coupled with the overall increase in
activity of the Company during this fiscal year has led to significantly higher printing and
reproduction costs. As the number of shareholders has increased and the number of projects
under administration and management has increased, so has the cost of printing and
reproduction.
d) Travel expenses have increased with the demands associated with administering the
Company’s growing portfolio of active interests.
e) In 2007, the Company has improved the format and content of its corporate web site, resulting in a marked increase in expenditure in this area.


LIQUIDITY AND CAPITAL RESOURCES

Noront reported working capital as at January 31, 2008 of $21,410,769 (April 30, 2007 – $16,043,182) and cash & cash equivalents of $26,009,077 (April 30, 2007 – $15,323,039). The comparative improvement in the Company’s working capital position is driven by strong cash proceeds received on exercise of its issued and outstanding stock options and warrants.

The Company’s finances were further buoyed by a private placement closing subsequent to period end, on February 6, 2008. An aggregate of $26,000,000 was raised on the issuance of 6,500,000 units, with each unit consisting of one common share and one half common share purchase warrant exercisable at $5.00, providing as further $16,250,000 should all of the warrants issued with this financing be exercised. The warrants are subject to an accelerated expiry clause, being 30 days after the common shares of the common shares of the Company have closed have closed at or above the price of $6.00 for ten consecutive trading days. On March 12, 2008, the terms of the acceleration clause were met, resulting in a revised expiry date for these warrants of April 10, 2008.

In addition to equity financing to fund its operations, the Company has chosen to enter into a number of joint venture agreements in relation to its properties. This carries with it the benefit of bringing the financial resources of other entities to the exploration effort, providing yet another resource from which to draw.

The Company has financed a portion of its exploration activities through the issue of flow-through shares, which transfer the tax deductibility of exploration expenditures to the investor. Proceeds received from the issue of such shares have been credited to capital stock and the related exploration costs have been charged to mining and resource properties. Proceeds raised are being used for continued exploration of Noront’s properties. Resource expenditure deductions for income tax purposes related to exploration and development activities funded by flow-through share arrangements are renounced to investors in
accordance with income tax legislation. When these expenditures are made, temporary taxable differences created by the renunciation will reduce share capital.

Noront has no credit facilities with financial institutions, so its financial instruments consist of cash, marketable securities, accounts receivable and accounts payable and accrued liabilities. Unless otherwise noted, the Company does not expect to be exposed to significant interest, currency or credit risks arising from these financial instruments. Noront estimates that the fair value of cash and cash equivalents, accounts receivable, accounts payable and taxes payable approximate the carrying values.

Although the Company has sufficient capital resources to meet its current obligations, the Company may seek to raise additional funding to finance future exploration programs. The timing and ability to do so will depend on the liquidity of the financial markets as well as the acceptance of investors to finance resource based junior companies, in addition to the results of the Company’s exploration programs and the acquisition of additional projects. At this time, the Company is not anticipating an ongoing profit from operations, therefore it will rely on its ability to obtain equity or debt financing for growth. Noront may need additional capital, and may raise additional funds should its Board deem it advisable.

The Company has not yet determined whether its resource assets contain reserves that are economically recoverable but is in the process of doing so. The recoverability of the carrying values of exploration properties is dependent upon the discovery of economically recoverable reserves, the ability of the Company to obtain necessary financing to complete the development and future profitable production there from or alternatively upon the Company's ability to dispose of its interests on an advantageous basis. Changes in future conditions could require material write downs of the carrying values.
Management is confident that it will be able to raise sufficient capital to further explore and develop its properties and projects in the coming year. The ability of the Company to develop its existing assets into commercial and profitable operations, however, will require participation by outside parties for capital or will require additional financing from other outside sources. There can be no guarantee that the Company will be able to secure any required financing.


OFF-BALANCE SHEET ARRANGEMENTS

Noront does not have any off-balance sheet arrangements that have, or are reasonably likely to have, an effect on the results of operations or financial condition of the Company.


TRANSACTIONS WITH RELATED PARTIES

During the three and nine months ended January 31, 2008, $55,500 and $118,491 respectively (three and nine months ended January 31, 2007 - $10,000 and $78,449) was paid as remuneration to Richard Nemis, the Chief Executive Officer of the Company. The Chief Executive Officer was also paid for out of pocket expenses that occurred in the normal course of operations.

During three and nine months ended January 31, 2008, $49,772 and $84,343 respectively (three and nine months ended January 31, 2007 - $1,238 and $1,238) was paid to a company controlled by a David Graham, a Director of the Company for consulting services. The Director was also reimbursed for out of pocket expenses which were incurred in the normal course of operations.


PROPOSED TRANSACTIONS

There is no imminent decision by the Board of Directors of the Company with respect to any transaction.


CRITICAL ACCOUNTING ESTIMATES

Noront did not rely on any critical accounting estimates in the most recent quarter.


CHANGES IN ACCOUNTING POLICIES

The first quarter of 2008 saw the adoption of a number of new accounting standards, the most significant being those related to financial instruments, and the recognition in the statements of a new category of income referred to as comprehensive income. In terms of their immediate impact on the Company, these new standards effectively require the Company to calculate the market value of its marketable securities and record the theoretical gain or loss should those marketable securities have been sold on the financial statement date. The resulting theoretical gain or loss presented on a separate statement of comprehensive income(loss) whereby the change in the market value of these investments for the period is shown, along with its impact on the normal net income(loss) of the Company. On the balance sheet, there is a new line item called “accumulated other comprehensive income” which effectively represents the difference from original cost of the Company’s marketable securities since adoption of the new standard, and the market value of these investments at the financial statement reporting date. In conjunction with the adoption of these new accounting standards, marketable securities have been recorded at their market value on the financial statements for the current quarter. As adoption of these standards are prospective, commencing May 1, 2007, the comparative value of marketable securities for the period ended April 30, 2007 remains at original cost.

Canadian Institute of Chartered Accountants ("CICA") Handbook Section 1506, "Accounting Changes" prescribes the criteria for changing accounting policies, changes in accounting estimates and the correction of errors. The Company has adopted these new standards effective May 1, 2007.

a) Financial Instruments - Recognition and Measurement Section 3855 prescribes when a financial instrument is to be recognized on the balance sheet and at what amount. It also specifies how financial instrument gains and losses are to be presented.
This Section requires that:
• All financial assets be measured at fair value on initial recognition and certain financial assets to be measured at fair value subsequent to initial recognition;
• All financial liabilities be measured at fair value if they are classified as held for trading purposes.
• Other financial liabilities are measured at amortized cost using the effective interest method; and all derivative financial instruments be measured at fair value on the balance sheet, even when they are part of an effective hedging relationship.
b) Comprehensive Income
Section 1530 introduces a new requirement to temporarily present certain gains and losses from
changes in fair value outside net income. It includes unrealized gains and losses, such as: changes in the currency translation adjustment relating to self-sustaining foreign operations; unrealized gains or losses on available-for-sale investments; and the effective portion of gains or losses on
derivatives designated as cash flow hedges or hedges of the net investment in self-sustaining
foreign operations.
c) Hedges
Section 3865 provides alternative treatments to Section 3855 for entities which choose to designate qualifying transactions as hedges for accounting purposes. It replaces and expands on Accounting Guideline 13 “Hedging Relationships”, and the hedging guidance in Section 1650 “Foreign Currency Translation” by specifying how hedge accounting is applied and what disclosures are necessary when it is applied.
d) Impact upon adoption of Sections 1530, 3855 and 3865

The primary impact on the financial statements resulting from the adoption of sections 1530 and
3855 is as follows:
(1) The Company’s marketable securities are classified as “available-for-sale” and are
measured at fair value. Changes in fair value are recognized in other comprehensive
income until their disposition, at which time they are transferred to net income. Investments
in securities having quoted market values and which are publicly traded on a recognized
securities exchange and for which no sales restrictions apply are recorded at values based
on the current bid prices.

The Company’s investments in equity securities that do not have a quoted market price in
an active market are measured at cost.
(2) The Company has recorded the following transition adjustments in its financial statements
as at May 1, 2007 resulting from the adoption of sections 1530 and 3855:
(i) an increase of $629,000 representing a fair value adjustment to the value of marketable securities.;
(ii) an increase in accumulated other comprehensive income of $629,000, representing the fair value adjustment to the value of marketable securities, net of taxes of $113,597 and a recovery of non-capital loss carry forwards amounting to $113,597.
(3) The Company has evaluated the impact of section 3865 on its financial statements and
determined that no adjustments are currently required.

FINANCIAL AND OTHER INSTRUMENTS

The Company is not involved in any hedging program, nor is it a party to any financial instruments that may have an impact on its financial position.

RISKS AND UNCERTAINTIES

Noront’s business of exploring mineral resources involves a variety of operational, financial and regulatory risks that are typical in the natural resource industry. The Company attempts to mitigate these risks and minimize their effect on its financial performance, but there is no guarantee that the Company will be profitable in the future, and Noront common shares should be considered speculative.

The business of exploration for minerals and mining involves a high degree of risk. A relatively small proportion of properties that are explored are ultimately developed into producing mines. At present, there are no known bodies of commercial ore on any of the mineral properties in which the Company holds interest or intends to acquire an interest and the proposed exploration program is an exploratory search for ore. Unusual or unexpected formations, formation pressures, fires, power outages, labour disruptions, flooding, cave-ins, landslides and the inability to obtain suitable or adequate machinery, equipment or labour are other risks involved in the conduct of exploration programs. The Company has limited experience in the development and operation of mines and has relied on and may continue to rely upon consultants and others for exploration and operating expertise. The economics of developing gold and other mineral properties is affected by many factors including the cost of operations, variation of the grade of ore mined, and fluctuations in the price of any minerals produced.

The success of the Company is dependent, among other things, on obtaining sufficient funding to enable the Company to explore and develop its properties. There can be no assurance that the Company will be able to obtain adequate financing in the future or that the terms of such financing will be favourable. Failure to obtain such additional financing could result in delay or indefinite postponement of further exploration and development of its projects with the possible loss of such properties. The Company will require new capital to continue to operate its business and to continue with exploration on its mineral properties, and there is no assurance that capital will be available when needed, if at all. It is likely such additional capital will be raised through the issuance of additional equity, which will result in dilution to the Company’s shareholders.

Problems such as unusual or unexpected formations and other conditions are involved in mineral exploration and development. The Company may become subject to liability for pollution, cave-ins or hazards against which it cannot insure itself or against which it may elect not to insure itself. The payment of such liabilities may have a material, adverse effect on the Company’s financial position.

The operations of the Company may require licenses and permits from various local, provincial and federal governmental authorities. There can be no assurance that the Company will be able to obtain all necessary licenses and permits that may be required to carry out exploration, development, or mining operations, at its projects.

Even if the Company’s exploration programs are successful, factors beyond the control of the Company may affect the marketability of any mineral products discovered. The prices of mineral products have historically fluctuated widely and are affected by numerous factors beyond the Company’s control, including international, economic and political trends, expectations for inflation, currency exchange fluctuations, interest rates, global or regional consumption patterns, speculative activities and worldwide production levels. The effect of these factors cannot accurately be predicted.

The mining industry is intensely competitive in all its phases. The Company competes with many companies possessing greater financial resources and technical facilities than itself for the acquisition of mineral interests as well as for the recruitment and retention of qualified employees, contractors and consultants.

The Company’s operations are subject to environmental regulations promulgated by local, provincial and federal government agencies from time to time. Environmental legislation provides for restrictions and prohibitions of spills, releases or emissions of various substances produced in association with certain mining industry operations, such as seepage from tailing disposal areas, which could result in environmental pollution. A breach of such legislation may result in the imposition of fines and penalties. In addition, certain types of operations require submissions to and approval of environmental impact assessments.

Environmental legislation is evolving in a manner, which means stricter standards and enforcement, and fines and penalties for non-compliance are more stringent. Environmental assessments of proposed projects carry a heightened degree of responsibility for companies and directors, officers and employees. The cost of compliance with changes in governmental regulations has a potential to reduce the profitability of operations.

The Company intends to fully comply with all environmental regulations.
Certain directors or proposed directors of the Company are also directors, officers or shareholders of other companies that are similarly engaged in the business of acquiring, developing and exploiting natural resource properties. Such associations may give rise to conflicts of interest from time to time. The directors of the Company are required by law to act honestly and in good faith with a view to the best interests of the Company and to disclose any interest, which they may have in any project opportunity of the Company. If a conflict of interest arises at a meeting of the board of directors, any director in a conflict will disclose his interest and abstain from voting on such matter. In determining whether or not the Company will participate in any project or opportunity, the directors will primarily consider the degree of risk to which the Company may be exposed and its financial position at that time.

The Company does not have a historical track record of operating upon which investors may rely.
Consequently, investors will have to rely on the expertise of the Company’s management. Further, the Company’s properties are in the exploration stage and are not commercially viable at this time. The Company does not have a history of earnings or the provision of return on investment, and there is no assurance that it will produce revenue, operate profitably or provide a return on investment in the future.


ADDITIONAL DISCLOSURE FOR VENTURE ISSUERS WITHOUT SIGNIFICANT REVENUE

The balance of Mining Properties and Deferred Exploration Expenditures increased to $18,875,525 on January 31, 2008 (April 30, 2007 - $4,452,201), details of which are provided in the consolidated financial statements.


DISCLOSURE OF OUTSTANDING SHARE DATA

Noront shares trade on the TSXV under the symbol NOT. The Company is authorized to issue an unlimited number of common shares without par value. On March 28, 2008, there were 125,563,082 common shares issued and outstanding, 2,875,000 stock options outstanding with a weighted average exercise price of $1.37 expiring between 2008 and 2012, and 5,283,500 warrants outstanding with a weighted average exercise price of $0.75 expiring in 2008.


ADDITIONAL INFORMATION

Additional information relating to Noront is available on the Internet at the SEDAR website www.sedar.com at Company’s website located at www.norontresources.com, or at the Company’s investor relations hub located at www.agoracom.com/IR/Noront.



FANTOMAS

[Fantomas96]

Mit Bold Ventures (BOL.V) nun ein weiterer Noront-JV-Partner (diesmal ungewöhnlicherweise in der Mitte des Rings):


http://www.agoracom.com/ir/Noront/messages/781996


NEWS - BOLD Ventures: Option Agreement Signed With Noront Resources Ltd. to Earn 50% on 6 Claim Blocks in the "Ring of Fire"
Posted by: AGORACOM on April 02, 2008 09:25AM



VANCOUVER, BRITISH COLUMBIA - (April 2, 2008) - BOLD Ventures Inc. (TSX VENTURE:BOL) ("Bold") is pleased to announce that they have entered into an option agreement with Noront Resources Ltd. (TSX VENTURE: NOT) ("Noront") pursuant to which Bold Ventures has been granted the option to acquire a 50% legal and beneficial interest in 96 claim units covering approximately 3800 acres on the 'Ring of Fire', McFaulds Lake area, Ontario, approximately 30 km north of Noront's Eagle One Copper, Nickel PGM discovery.



"We are very excited to work on another project with Richard Nemis and Noront," says Gary F. Zak, Director of Bold Ventures. "Richard and I worked extensively together beginning in September 1996 when I managed Alto Ventures Ltd. (ATV) and we optioned Noront's Windfall Lake claim group. During the fall 1997 drill program, we made the Windfall Lake discovery of high-grade gold intersections and subsequently the Noront/Alto joint venture was formed. We look forward to duplicating this winning formula ten years later on the McFaulds Lake 'RING STAR' project now optioned with Noront."



"We believe Noront's Eagle discoveries in the Ring of Fire provide proof for the potential for numerous deposits in the McFaulds Lake district. That area of James Bay Lowlands of Ontario has had a lack of exploration but with the development of modern technology, equipment and easier access, we believe there will be a number of new discoveries. In discussions with IBK Capital, Bill White has indicated that the proposed exploration spending over the next three to five years to be $250 million. Bold is thrilled to be involved with the 20 or so other juniors exploring the Ring of Fire and our partnership with Noront and their world class discovery."



Terms and Conditions of Option Agreement



In order to acquire its interest in the property, Bold is required to:



1. Make an initial payment to Noront of $120,000 or issue to Noront a total of 240,000 common shares of Bold, on both parties receiving all required approvals, including any TSX Venture Exchange approval and board of director approval of the option agreement;



2. Incur total exploration expenditures on the property of $2.1 million over a three year period (of which $600,000 must be expended in the first year);



3. Make total cash payments to Noront of $240,000 within two years of receiving the above-noted approvals of the option agreement (of which $120,000 must be paid by the first anniversary, and any portion of the total of $240,000 may be satisfied at the option of Noront, by the issuance to Noront of up to 400,000 common shares of Bold at a deemed price of $0.50 per share).



Upon Bold earning its 50% interest in the property, Bold and Noront shall form a joint management committee to further develop the property as a joint venture, with Noront continuing to act as the operator.



Subject to TSX Venture Exchange and Board of Directors approval, a finders fee of 200,000 shares is payable in respect to this transaction.



The Ring of Fire - McFaulds Lake area, James Bay Lowlands, Ontario



In September 2007, Noront's first significant discovery, known as Eagle One, yielded some exceptional grades, including 5.90% nickel, 3.10% copper, 2.87 g/t platinum and 9.78 g/t palladium over 68.3 metres (NOT-07-05) as well as 6.30% nickel, 2.80% copper, 1.90 g/t platinum and 10.20 g/t palladium over 46.2 metres (NOT-07-27). Subsequent drilling has continued to intersect high-grade mineralization and just recently, Noront announced the discovery of Eagle Two, a second nickel-copper massive sulphide occurrence situated 2 kilometres southwest of Eagle One.



Bold's property is located approximately 30 kilometres directly north of Noront's Eagle One discovery and covers an 8.4 square kilometre area of the Ring of Fire. The Company's management team is encouraged by the proximity to the Eagle One significant discovery and believes there is potential for this property to also host mineralization. The project is located over a large gravity anomaly which is of sufficiently large size to suggest that it is a mafic/ultramafic body that could be the central intrusive source for the massive nickel/copper mineralization discovered by Noront.



Airborne Geophysical Survey



Noront has advised Bold that a state-of-the-art detailed airborne geophysical survey on the property was recently completed by Aeroquest International Limited and the data is currently being examined by Scott Hogg and Associates. The results of the survey are expected shortly and will be used to outline drill target identification and future work programs.



Results and work plans will be released as they become available.



ABOUT BOLD VENTURES INC.



Bold Ventures is a Tier 2 natural resource company on the TSX Venture Exchange, trading symbol BOL, with 11,750,000 shares issued to date. The Company's main emphasis is on a VMS/nickel/copper exploration property through an option agreement with Noront Resources Ltd. in the McFaulds Lake 'Ring of Fire' area of Northern Ontario. By an option agreement dated June 21, 2006 (the "Option Agreement"), the Company has an option to acquire a 100% undivided interest in the Kentucky Lake copper/gold in the Nicola Mining Division, located in British Columbia.



ABOUT NORONT RESOURCES LTD.



Noront is a tier 2 junior resource company involved in the acquisition, exploration and development of properties for the mining of precious and base metals, and is currently active with exploration projects in Canada, Mexico, China and Hungary. Double Eagle Project (Ring of Fire) McFaulds Lake: 100% interest in 34 claims comprising 533 units, encompassing an area of 8,528 hectares (21,320 acres). The Properties are located in the James Bay Lowlands of north central Ontario some 580 km NW from the city of Timmins and 530 km NNE form the city of Thunder Bay. The trading symbol is NOT on the TSX Venture Exchange and has 125,377,082 shares issued to date.



CAUTIONARY STATEMENT



No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Bold Ventures Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and results to differ materially from Bold Ventures Inc. plans and expectations as detailed herein and from time to time in the filings made by Bold with the TSX Venture Exchange and securities regulators. Bold Ventures Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.



On behalf of the board of directors of Bold Ventures Inc.,



Gary F. Zak, Director



The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.



For more information, please contact

BOLD Ventures Inc.
Gary F. Zak
Director
[phone]
Email: [e-mail]

or

BOLD Ventures Inc.
Sarah CJ Jones
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.boldventuresinc.com


FANTOMAS

[Fantomas96]

So, ein kleines Update zum Wochenende:

Der ROF wird mit jedem Tag "heißer".

News von Noront (Ergebnisse Eagle 2, mehr Visuals Eagle 3-5) sind überfällig, ich glaube an eine konzertierte Aktion mit Spider (Visuals der ersten 3 Bohrkerne) vor dem 10.04. (Einlösung der Warrants).

Sollte Neil Novak mit Spider positive News rausbringen, geht es mit Sicherheit auch für Noront und viele weitere Area Player ein gutes Stück nach oben.

Ein weiterer Aspekt für eine bullische Sicht eines zukünftigen Mining Camps in McFaulds ist das Gerücht, daß neben Vale Inco (bereits bestätigt) nun auch Norilsk in dem Gebiet claims staken soll. Wenn hier zwei Majors aktiv werden ist das für mich ein äußerst bullisches Signal.

Auf eine spannende Woche.

FANTOMAS

[Fantomas96]

Und wieder mal was von Rockaur (Bilder von Bohrplänen Eagle 1-3):


http://www.agoracom.com/ir/Noront/messages/786465#message



Aufsicht





Seitenansicht




FANTOMAS

[franz991]

Antwort auf Beitrag Nr.: 33.817.987 von Fantomas96 am 05.04.08 19:15:53

Das halte ich auch für ein realistisches Szenario für die nächsten Tage. Neben Noront sollte man sich auch eine Position Spider ins Depot legen.

[Fantomas96]

Antwort auf Beitrag Nr.: 33.819.158 von franz991 am 06.04.08 09:50:24

Hallo franz,

ja Spider ist eine gute Ergänzung (MK CAD 31 Mio., 305 Mio. Aktien ausgegeben).

Allerdings sind die Bohrungen auf dem 50% JV Gebiet von Freewest.

Bei Funden wird FWR ebenfalls profitieren.

Sollte allerdings ein weiteres positives Ergebnis von einem Area Player erzielt werden (z.Zt. bohren noch bzw. sind kurz davor : Macdonald Mines, Temex, Spider, Freewest, WSR, Hawk und Probe) wird es einen Kursschub für (fast) alle Player geben, weil damit das Mining Camp McFaulds immer wahrscheinlicher wird.

Auf eine spannende Woche.

[egerke]

wäre traurig wenn keiner der player was finden würde...

hoffen wir auf ein positives ergebniss...

[Fantomas96]

Heute, wie vermutet, Spider News mit Visuals der ersten drei Bohrungen auf dem SPQ/KWG/FWR-JV Gebiet.
Geologisch gesehen, sehr gute und vielversprechende News, wird ein wenig brauchen, bis der Markt reagiert.
Spätestens nach Veröffentlichung der, hoffentlich guten, offiziellen Bohrergebnisse.

Daneben gab es heute von Noront die Bestätigung der News der letzten Tage von Bold Ventures (JV) und Hawk Uranium (baldiger Drill Start).


http://biz.yahoo.com/ccn/080408/200804080453621001.html?.v=1

Noront Commences Work Programme on Hawk Uranium Inc. 50/50 JV Property-"Ring of Fire" Area, McFaulds Lake

Tuesday April 8, 9:47 am ET




http://biz.yahoo.com/ccn/080408/200804080453655001.html?.v=1


NORONT Resources Ltd. and BOLD Ventures Inc. Announce Option Agreement

Tuesday April 8, 12:00 pm ET

BOLD to earn 50% on 6 claim blocks, strategically located in the "Ring of Fire"




FANTOMAS

[egerke]

Antwort auf Beitrag Nr.: 33.841.484 von Fantomas96 am 08.04.08 23:41:46

und wann sollen diese news veröffentlicht werden?
weisst du das viell.?

[Blanca_die_Haesin]

Kleine Berechnungshilfe:

[Fantomas96]

Antwort auf Beitrag Nr.: 33.854.984 von egerke am 10.04.08 11:10:35

und wann sollen diese news veröffentlicht werden?
weisst du das viell.?


@ egerke


Nein, leider nicht. Wenn ja, wäre ich bestimmt ein reicher Mensch !

Denn nicht einmal Spider weiß das, bevor die Ergebnisse eintreffen.


Gruß,

FANTOMAS

[Fantomas96]

http://www.agoracom.com/ir/Noront/messages/790717#message


I just talked to Richard.

Posted by: tcp1002 on April 09, 2008 01:23PM


Here's what he had to say.

On the China project. Newport will begin drilling this summer. Richard has received a bunch of info on the project and he said it looks good.

On Windfall project. He said it is coming along. The Ramo has been started and they are going underground now. By the end of June they should be able to hit the first zone.

I asked why they were two announcement on the Bold property. He said one was by Bold and the other by Noront and he mentioned Hawk. I asked which of the two he liked better and he said they were both good.

I asked how much Money we have in the bank and he said he didn't know exactly but there was plenty.

On the Double Eagle project. He said he is frustrated that it is taking so long to get results. He said that there is a new lab going up near the airport in Thunder Bay and Noront has invested money in it. He says they are doing prep work on samples there now and expects the equipment to go in early May. He said that once it is up and running we won't have to wait months for the results and we'll get them a lot sooner.

I asked how many drills we had at DE and he said 3. I asked if they were all at DE or loaned to other projects and he said they are all at DE being used by Noront. He said one drill was at DE2 one at AT3 and he wasn't sure about the other.

I asked if we had a DE3 and he explained the following. The project and area is called Double Eagle. We've found ore bodies in two arears and they are called DE1 and DE2. We are currently drilling at AT3. He said the AT comes for the Air surveys they did (I can't remember the exact term he used). So once they find an ore body it will be changed to D3. I asked if there was a AT4 and AT5 and he said they are reviewing this now and cutting lines to go in and drill.

I asked how many people we had at the camp and he said 80-90 right now.

I asked about the 43-101 and he said that it is progressing but they need do drill more holes for the width. I said when will it be ready and he said another month to month and a half it should be out. he said the more holes we drill the more we'll find to increase tonnage. I aske dif he had aguess on what we have up to now and he said he didn't.

I asked if there were any issues that wouldbe of concern and he said none. I asked if it was still blue sky and he said yes it's all blue sky. Then he said we know we have great potential up there and it will take some time to prove it.

I asked if we were stopping at all during the summer as it gets wet up there and he said no we will be drilling all summer.

I left the conversation at this stage and thanked him. About 5 minutes latter I had forgotten to ask about the warrants so I called back but he had gone to lunch so I asked the receptionist if the warrants were going to be excersised and she said they would not know until the date is due. Sorry I couldn't remember to ask Richard.

So there you have it folks. Still blue sky and we need to be patient as Richard told me during the conversation and the fact that we know we have all this potential.

As you all know I'm still holding after all these years.

GLTA and hang in there. It takes time to build and good company with lots of value. Tcp



Gruß,

FANTOMAS

[Fantomas96]

Der Ring Of Fire wird immer größer und "unförmiger" !





Neues Helium-Update hier downloaden:

http://hostfil.es/file/11001/Map-update-04-10-pdf.html


oder hier:


http://www.freedrive.com/file/282261


FANTOMAS

[Fantomas96]

Tja, leider immer noch keine News, dafür hat sich der Kurs aber stabil gehalten.

Hallo Arminius:
Heute einmal auf Gap-Niveau ($ 5,05) getaxt, aber ohne Umsätze, zählt das ?

Bin gespannt, ob es Morgen eine Info zu den Warrants gibt:

Nicht-Einlösung wäre für mich ein bearishes Signal, eine Einlösung ein äußerst bullishes !

Einen schönen Freitag mit hoffentlich ein paar News.


Gruß,

[blackwhiteknight]

Antwort auf Beitrag Nr.: 33.862.490 von Fantomas96 am 10.04.08 23:49:38

@ Fantomas,

danke Dir, für Deine letzten Beiträge, speziell für die Bereitstellung des aktuellen Plans. Ist interessant zu sehen, wer wo welche Staking-Dynamik entwickelt.
Würde mir am liebsten den Ring of Fire vergrößert auf die Wohnzimmerwand projizieren und die Veränderungen von Claims und Funden einzeichnen.
Komme mir vor wie ein Bonsai-Feldherr, der sich überlegt, wie er seine Moneytruppen am besten einsetzt.

Schönes WE
BWK

[mike32]

Antwort auf Beitrag Nr.: 33.872.700 von blackwhiteknight am 12.04.08 13:12:34

Hi BWK ,

Fantomas möge es mir nachsehen , aber es ist immer wieder ein Genuss , Deine Beiträge zu lesen !

gruss mike

[blackwhiteknight]

Antwort auf Beitrag Nr.: 33.873.079 von mike32 am 12.04.08 15:21:32

[mike32]

Article on Ring of Fire in National Post today...
Posted by: kelsee on April 14, 2008 11:03AM


Re: Article on Ring of Fire in National Post today
Posted by: Marathon_Man on April 14, 2008 07:34AM

In response to: Article on Ring of Fire in ... by irish1111



All eyes on the Ring of Fire

Investors await junior miner's report on size of mineral deposits at the site
Peter Koven, Financial Post
Published: Monday, April 14, 2008

Related Topics
Earth Science



Story tools presented by

AT MCFAULD'S LAKE, Ontario -Thousands of investors have their eyes on the Ring of Fire. But on first visit, it is hard to believe.

The Ring of Fire, located in the McFauld's Lake area in the James Bay Lowlands, is as remote as it gets. Flying over in a helicopter reveals nothing but frozen lakes and forest stretching as far as the eye can see. James Bay lies about 150 kilometres to the east, and the closest community is Webequie (population 642), a First Nations village about 100 kms away.

But in a world where quality mineral discoveries are becoming increasingly rare, this place has captured the imagination of investors like no other in recent memory -- even if the idea of building a mine here is unfathomable at this point, and truly big discoveries have not been made.

The interest started last year when junior miner Noront Resources Ltd. made an ultra-high-grade nickel-copper discovery, also turning up significant grades of platinum and palladium.

That triggered a wild staking rush as a battalion of juniors swooped in and claimed almost every inch of prospective land in what became known as the Ring of Fire (after the Johnny Cash song). The staking continues and is thought to total about 4,000 sq. kms.

"I think it's the most exciting discovery of the last 10 years in Canada, no question," says mining veteran Pierre Lassonde. "It's got an enormous amount of potential and you've just got to love the grade."

Noront has become a phenomenon. Online message boards are filled with commentary posted on a minute-by-minute basis as retail investors track virtually every big trade of the stock.

The bigger players believe in it as well; Noront's major shareholders include celebrated names in the mining industry such as Mr. Lassonde, Eric Sprott, Rob McEwen and Sheldon Inwentash, Pinetree Capital founder.

Investors have been enticed by the incredible potential of the discovery: Richard Nemis, Noront's chief executive, compared the geology to the giant Voisey's Bay deposit in Labrador, and suggested it could be even bigger.

But at the Ring of Fire it is clear a lot of work has to happen first. Apart from the staking lines and a few small camps, from the air the ring looks indistinguishable from any other corner of Northern Ontario. While an incredible amount of land has been staked, only a few companies (including Noront) are active with drilling, and it will take a very long time to drill all the targets. While a few of the juniors have reported interesting developments, there has not been anything of the calibre of Noront's flagship "Eagle One" discovery that got the area going. And Eagle One, while high grade, is not enormous.

"Until you have a number of these deposits that can carry the burden of infrastructure, it's way too early to talk about [mining]. This is just a drilling play right now," Mr. Inwentash says.

Finding the resource in the Ring of Fire has been very hard, because there is no "outcropping" of metal on the surface. Many of the world's top geologists have identified the best targets, but they are educated guesses. The land position is so vast and remote that most of the geophysical work must be done with helicopters, which are constantly flying supplies to various camps. Just getting to Noront's camp requires a 10-minute helicopter ride from the main camp.

In the coming weeks, drilling will get even tougher as the lakes melt and the lowlands become a swamp. While the drillers on site have not enjoyed the -40° winter weather, they consider it a welcome respite from the plague of mosquitos and black flies around the corner.

This all means it will take a very long time for the full potential of the Ring of Fire to be realized, and key shareholders say they are committed for the long-haul. But as the news flow slows, trading volumes on Noront shares have eased and the initial excitement has worn off.

Some of that will return when the company completes an initial resource estimate (expected soon), but that is just the start. The question on everyone's mind now is how big this discovery will turn out to be.

Geologists say so-called "volcanogenic massive sulphide" occurrences like the one at Eagle One tend to appear in large and small clusters. Noront hit another one with Eagle Two, about two kilometres from Eagle One. But the really big targets, if they exist, have not been found.

"We still need confirmation this is a world-class district," says John Kaiser, publisher of the Bottom Fishing Online report. "But these things are not big and they can be very hard to find."

The Ring of Fire may turn out to be a collection of small, high-grade deposits that are collectively world-class, rather than anything as huge as Voisey's Bay, he says.

Mr. Lassonde has his own theory. He thinks the geology bears almost no similarity to the Sudbury Basin or Voisey's Bay, but that it looks a lot like old nickel mines discovered by Western Mining Corp. in Australia and Jinchuan Group in Asia. In each case, the largest deposits were found deep below the original discoveries.

"The key will be to first drill on surface and discover the ore bodies closest to surface, because that's where you will get your money back," Mr. Lassonde says.

"It will take two or three years to define that. After that, the key will be to start drilling down deeper."

He said he will be "absolutely the most surprised person in the world" if the discovery does not get bigger in the months and years to come.

In the meantime, everyone is just happy that the Ring of Fire has revived interest in Canadian exploration.

"It's very exciting for the company and Ontario to have these type of results," says John Hughes, an analyst at Desjardins
Securities.

"After several years in Canada of seeing exploration budgets increase on an annual basis, we're finally starting to see some new finds with potential new resources, which is really what we need in this country."

[e-mail]



http://www.agoracom.com/ir/Spider/messages/796998#message

[Fantomas96]

Antwort auf Beitrag Nr.: 33.881.866 von mike32 am 14.04.08 18:09:09

Hallo Mike,

ja, da ist ja wieder einmal ein Artikel in der National Post von "meinem Lieblingsberichterstatter für das Minenwesen in Kanada", Mr. Koven !

http://www.nationalpost.com/story.html?id=443537


Das Gute ist, Noront und der "Ring of Fire" sind auf dem Titelblatt einer großen Zeitung, das gibt Aufmerksamkeit.

Allerdings haben sich bei Mr. Koven "wieder einmal ein paar Ungenauigkeiten eingeschlichen:

1. Finding the resource in the Ring of Fire has been very hard, because there is no "outcropping" of metal on the surface.

Das stimmt so nicht, denn in dem letzten News Release von Probe war von mineralsiertem Gestein an der Oberfläche (outcrop) die Rede, ein, wie ich meine, sehr interessanter Fund in der Nähe von Eagle 1.

2. And Eagle One, while high grade, is not enormous.

Kennt Mr. Koven die Tonnage von Eagle 1 ?
Ich bezweifle das, weil der NI 43-101 Report noch nicht fertiggestellt ist.

Und vonwegen "high grade", Noront hat bisher fast unerreichte Gehalte von Nickel in Kanada, ganz zu schweigen von den Metallen der Platingruppe, hier sind es WELTKLASSE-Gehalte, die sich manche produzierende Mine wünschen würde.
Da halte ich "high grade" für ziemlich untertrieben.

Geologists say so-called "volcanogenic massive sulphide" occurrences like the one at Eagle One tend to appear in large and small clusters.

Tja, Mr. Koven hätte sich hier mal mit Prof. Mungall unterhalten sollen, dann hätte er gewußt, daß Eagle 1 KEIN VMS Deposit ist, sondern es sich um ein Magmatic Massive Sulphide Deposit (MMS) handelt.

But as the news flow slows, trading volumes on Noront shares have eased and the initial excitement has worn off.

Ja, der Newsflow stockt und die Volumina nehmen ab, aber auch nur, weil kaum einer mehr verkauft, weil jeder auf die nächste Hammermeldung wartet und den Zug nicht verpassen möchte.
Das kann man also so oder so sehen.

Positiv stimmen mich die Zitate der PP-Investoren:

The bigger players believe in it as well; Noront's major shareholders include celebrated names in the mining industry such as Mr. Lassonde, Eric Sprott, Rob McEwen and Sheldon Inwentash, Pinetree Capital founder.

"The key will be to first drill on surface and discover the ore bodies closest to surface, because that's where you will get your money back," Mr. Lassonde says.

"It will take two or three years to define that. After that, the key will be to start drilling down deeper."

He said he will be "absolutely the most surprised person in the world" if the discovery does not get bigger in the months and years to come.

"I think it's the most exciting discovery of the last 10 years in Canada, no question," says mining veteran Pierre Lassonde. "It's got an enormous amount of potential and you've just got to love the grade."


Also, etwas zwiespältig (wie gewohnt) von Mr. Koven, aber diesmal mit einem definitiv positiven "touch".

Sollte auf jeden Fall weitere Aufmerksamkeit bringen, mit hoffentlich bahnbrechenden News diese Woche von Noront und mindestens einem anderen Player.

Gruß,

FANTOMAS

[Fantomas96]

Gerüchte, Gerüchte:

Jetzt hat Freewest die Genehmigung zum Überfliegen von Eagle 1 von Noront erhalten (mit Helikopter mit AeroTEM Ausrüstung) und soll festgestellt haben, daß die Anomalien auf ihren 100% Claims sehr, sehr ähnlich sind (nur größer?!). Nebenbei sollen sie für Noront im Nordosten von Noronts Claims noch eine weitere Anomalie gefunden haben.

Das nenne ich mal "Teamwork".

Gruß,

FANTOMAS

[Fantomas96]

77% der Warrants aus dem letzten PP eingelöst: SEHR bullisches Zeichen !

http://biz.yahoo.com/ccn/080415/200804150454916001.html?.v=1


Noront Announces Exercise of Warrants

Tuesday April 15, 9:30 am ET


TORONTO, ONTARIO--(Marketwire - April 15, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT - News) is pleased to announce that further to its March 12, 2008 press release announcing acceleration of the expiry to April 10, 2008 of its common share purchase warrants (the "Warrants") issued pursuant to a private placement completed on February 6, 2008, 2,490,001 Warrants have been exercised for aggregate gross proceeds of $12,450,005. At the close of business on April 10, 2008, all Warrants had either been exercised or had expired. The common shares issued upon exercise of the Warrants are subject to a hold period which expires on June 7, 2008.

Noront is a junior resource company listed on Tier 2 of the TSX Venture Exchange, with 128,557,083 common shares issued and outstanding.

Investors are invited to visit the Noront Resources Ltd.'s IR Hub at www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS:

"R. Nemis", President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact:
Richard Nemis
Noront Resources Ltd.
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.norontresources.com

--------------------------------------------------------------------------------
Source: Noront Resources Ltd.



FANTOMAS

[Fantomas96]

Aufgrund des Wartens auf weitere News aus James Bay hier mal zwei sehr beeindruckende Fotos des aktuellen Stands der Windfall-Rampe.

Die Dimension ist schon enorm, habe ich mir gar nicht so groß vorgestellt.













Gruß,

FANTOMAS

[Fantomas96]

http://www.agoracom.com/ir/Noront/messages/800140#message


Just got off the phone with RN

Posted by: coop on April 16, 2008 02:58PM


I asked him if he had a couple of minutes to answer some questions... He said he had 1. LOL

I asked about Windfall updates he said look at the new pics on the website to see how far they have gone. He said you will be "VERY IMPRESSED with what you see", they are 4 meters in and going down in the ground.

On DE- we are currently drilling on E1,E2,E3. anomolies 4-10 ( in the immediate area) have not been drilled yet.

As we all know too well " we are waiting for a whole bunch of assay results" and the " new lab will be up and running by early May with a two week turnaround"... to paraphrase ... not the turnaround we are getting now

I could tell he was in a hurry to go so I let him go after thanking him.

Coop


FANTOMAS

[Fantomas96]

Nachdem nun bestätigt ist, daß sowohl Vale Inco als auch Norilsk im James Bay Gebiet staken, was sehr positiv ist, gab es heute weitere Gerüchte / Informationen, die auf mächtige Aktivitäten im Hintergrund des Ring Of Fire hindeuten.

Googleeye beschreibt in seinem Posting, daß über dem Gebiet des ROF eine von Fugros "Dash 7" Flugzeugen in größerer Höhe für die nächsten 2-3 Wochen kreist.

http://www.agoracom.com/ir/Noront/messages/798959#message

Dies ist nicht nur mindestens zwei Nummern größer, als die von den ROF-PLayern eingestzten Helikopter-AeroTEM Systeme, sondern auch sehr genau (trotz größerer Höhe), sehr teuer und wird i.d.R. nur von den Senior Mining Firmen eingesetzt.

Xstrata's Geophysical toolbox includes MegaTEM and VTEM, both airborne EM systems, as well as Titan24 for deep penetration from the surface and advanced borehole survey systems. An integral part of the program was the use of 3-D earth modelling technology, particularly 3-D GIS systems, to integrate and interpret the vast amounts of multidisciplinary historical data with new data.

_________________________

"Xstrata's Geophysical toolbox includes MegaTEM

From the Fugro website.....

"MEGATEM, introduced in 1998 and based upon proven GEOTEM technology, is mounted upon a larger more powerful aircraft, a Dash 7, to allow safe and effective AEM surveying of projects located at high altitudes, beyond the capability of the Casa. Recent surveys have demonstrated the superior capability of MEGATEM to locate deep targets in all geological environments."


Hier wird also mittlerweile anscheinend "mit schwerem Gerät" gearbeitet. Da scheinen weitere "Big Boys" Interesse an dem Gebiet gefunden zu haben. Sollte auf jeden Fall positiv sein.


Gruß,

FANTOMAS

[Fantomas96]

http://www.agoracom.com/ir/Noront/messages/799332#message


E2 assay delays, here is what may be going on

Posted by: glorieux on April 16, 2008 12:29AM


In the April 2nd NR, they describe the 12 holes drilled so far at Eagle 2. Now, for the record, as of Monday and I believe this has not changed, we still have a drill at E2 working. It would not be working if it did not keep hitting paydirt. Now out of those 12 holes 8 hit mineralization. Out of those 8, 7 hit sulphides, semi-massive to massive up to 20M thick with visible Pentlandite chrystal(nickel) of several millimeters in diameter. 3 out of 8 hit Chromite beds of at least 20 Meters up to 48 meters. The last hole IG21 did not hit a Chromite bed but was not finished either at time of NR so it may still hit a Chromite bed. Seeing as it is vertical and only 25 meters from a 40 meter thick section of Chromite, my hunch is that it will hit chromite again. That would mean that all 3 holes drilled vertically more than 200 meters hit a thick section of chromite. Now, JohnDefur explained how Chromite beds can act as a magnet for PGEs. If this Chromite section that is open in all direction so far does contain PGEs, it may be in significant amounts. If PGEs are found in significant amounts over these thick sections this will be HUGE news. They would retest the assays a second time and possibly get a second lab to do it a third time. All this would take time.

The time is frustrating!!! However, at this point our downside is close to nil with Eagle 1, windfall, and all the rest that we have discussed at nauseum. Our upside is almost without limits. This is one time that you want to put that SELL button away were you can not reach it. The market is just waiting for E2 assays and if they come back like I believe they will (rumour mill intensifying here that Assay of E2 are fantastic) then this will go up significantly before you can say PGE!!

Sit tight folks, Chapter 3 is about to begin.

Glorieux


FANTOMAS

[Fantomas96]

http://www.agoracom.com/ir/Noront/messages/799308#message


April fatigue: an emotional piece

Posted by: cwallace on April 15, 2008 11:46PM


This is a difficult trading and investment environment for NOT shareholders. It would be remiss to not discuss how hard it is to hold on to your shares when the news you are awaiting does not come, whatever news it may be. And this environment has now gone on for weeks.

As it turns out, we are mimicking what happend in "The Big Score," in our own way. This has been a tremendous test for many, holding while waiting for assays of eagle 2, waiting for news of more and more hits. Investor fatigue is taking hold of many NOT holders. This fatigue will likely play out until the "end game" for NOT.... and many will be shaken before the final pay day.

I would suggest patience... if you have come this far on the NOT journey, perhaps you will come a little further. There will be news, likely a lot of great news... and from time to time disappointing news as well. It can be expected.

The thing is, we will get the assays and whatever news you are awaiting, and then we will begin to wait for the next piece of news... the same battle we face now, our impatience, our needing to be right, we will face again and again. As an investor, we had better learn to deal with this.

And, when we finally get the news we are waiting for, what if the market does not immediately act how we think it should. What if the assays from Eagle 2 come back and they are in fact spectacular? If NOT doesn't immediately move to $8-$10, will you be alright? or will you wonder what news it will take to get NOT's price higher. Will you think you have made a poor decision if the market doesn't immediately reward you for your "correct" investment thesis.

I fear the immediate gratification many seek will cost them the very likely eventual pay day at significantly higher prices... many here are long, but I also suspect many here would be fine getting there money out at $8 or $9.00 and moving on, not having the patience to wait for the full upside in NOT. They would as soon tell there buddy how they made a quick buck in the market.

Many on this board have been here longer then I and have multiples more experience and wisdom to share then I. What I will share is this. I can tell you, the fatigue I feel, and the fatigue I sense from many, is the price we need to pay to earn our money here.

I've been here before, in a similar situation and lost (sold) my shares. I've been in stocks with excellent potential, (perhaps not as much potential as NOT, but similar) and not made it for the pay day that all the DD in the world should have earned. If you've done your due dilligance, and feel this is "our big score," our home run, then sit tight and patiently wait.

It is my wish that many friends and new investors on this board can hold on to their shares over the remainder of this year and into next, and watch this story fully unfold. We only get a small number of these potentially life changing stocks to invest in.

Don't feel you need to make the quick buck to be right.... be right and make every dollar that is on the table for us NOT shareholders to make... if you can wait this story out, you deserve it, and you will have earned it. "Our big score" is in site, don't get to caught up in the daily emotion we are all currently battling. We are all swimming in the same lake... I hope we can all make it to the other side.

Newbies hold on tight.... as you will be tested over and over again.

not financial advise, due your own DD

regards

cwallace



FANTOMAS

[Fantomas96]

Neueste Claim Map von Helium:


http://hostfil.es/file/11157/Map-Names-04-19-pdf.html



FANTOMAS

[Fantomas96]

Hier die Zusammenstellung der TOP Kommentare des Noront Luncheons letzte Woche (alle "Reporter" waren persönlich anwesend und hatten sehr viel Interessantes zu berichten: Vale Inco, FWR etc.).

Ein "MUST READ" für alle:


QQ_Girl

http://www.agoracom.com/ir/Noront/messages/801806

http://www.agoracom.com/ir/Noront/messages/801830

http://www.agoracom.com/ir/Noront/messages/801836

http://www.agoracom.com/ir/Noront/messages/801839

http://www.agoracom.com/ir/Noront/messages/801846

http://www.agoracom.com/ir/Noront/messages/801904

http://www.agoracom.com/ir/Noront/messages/801934

http://www.agoracom.com/ir/Noront/messages/802011


SNUG

http://www.agoracom.com/ir/Noront/messages/801889#message


Milsy1

http://www.agoracom.com/ir/Noront/messages/802021#message


mgb

http://www.agoracom.com/ir/Noront/messages/802627#message

http://www.agoracom.com/ir/Noront/messages/802784


Gruß,

[Fantomas96]

DEUTSCHLAND IST LAHM !!!

Liebe Leute, da es in den Noront- und James Bay Threads, aber auch in denen der anderen Area Player ja dermaßen ruhig ist und keine auch nur irgendwie geartete Diskussion aufkommen will (ich weiß, es gibt momentan keine News, aber das wäre ja gerade die Zeit, sich auszutauschen, Recherche zu betreiben, zu diskutieren etc.), habe ich mich entschlossen, meine Threads ruhen zu lassen.
Ich hoffe, meine "Mitstreiter" (Danke an BWK (Gute Besserung!) und Mike) halten Euch weiter auf dem Laufenden.
Und abschließend noch weiterhin viel Spaß im nächsten kanadischen Mining Camp !

P.S.: Denkt an die Warrants !

[mike32]

http://agoracom.com/ir/Noront/messages/819646#message





NEWS - SGS SA-Noront Resources Ltd.: Double Eagle Project Assay Data Reporting Update
Posted by: AGORACOM on May 02, 2008 02:18PM

LAKEFIELD, ONTARIO and TORONTO, ONTARIO - (May 2, 2008) - SGS SA (ZWX:SGSH), Noront Resources Ltd. (TSX VENTURE:NOT) -


Pursuant to Noront's press release of April 25th, SGS and Noront would like to provide this update and clarification regarding the status of the analytical and quality program used for 774 samples from Noront's Double Eagle project, located in the McFauld Lake area in north eastern Ontario. These samples were received by SGS' Toronto laboratory in eight batches over the period February 6th to March 31st, 2008.


The Company reaffirms that this quality control issue does not relate to any assay results that have been previously released. In addition, the delays in achieving acceptable results from the laboratory have no bearing on the actual results that will be forthcoming.


Due to the ongoing high volume of samples processed at the SGS laboratory, the first Noront samples were not addressed until mid-March. The first batch of approximately 400 samples was processed for base and precious metals during a 10 day period. These data were reported to Noront's Quality Control QP, Ms. Tracey Armstrong, P. Geo., of P&E Mining Consultants Inc. from April 7th through April 22nd, 2008. Upon reviewing Noront's certified field reference standards in these batches, Ms. Armstrong determined that the base metal data produced by SGS using a strong acid digest ICP-OES method were biased significantly low and contacted SGS on April 7th. A certified reference sample is commonly referred to as a "standard" and is purchased from an independent firm that certifies the assays for the standard are accurate and repeatable. If the standard sample assays are greater or less than the accepted range, then the entire batch of samples would be re-run for a second set of assays.


As per the terms of Noront's Services Agreement, SGS investigated, defined and addressed the problems from April 8th-11th and began the programmed retesting of samples on April 14th . A delay between reporting to the lab of the low bias standards and the results from the reanalysis can be expected to take a minimum of 10 days. When this delay was exceeded, Noront issued the Press Release of April 25th in order to explain to investors the lack of forthcoming assay results.


SGS determined that, during the base metals analysis over the 10 day period when the samples were first analysed, two breaches to SGS's global analytical quality control program had occurred. The first was related to the choice of certified reference material used to monitor the overall quality of the base metal analyses and the second was related to an ICP-OES calibration error. Both errors were human in nature and were not caught by subsequent QC monitoring and data reviewers. In response to this issue, SGS has reengineered the Toronto Lab Quality System as follows:


- The choice of certified reference material is now made by a senior laboratory staff member on a sample-batch basis. SGS has also issued stricter data acceptance criteria and now sample batches are rejected if the contained certified reference material is not suitable in matrix and concentration level when compared to the client samples.


- The calibration protocols for the ICP-OES group are also changed to increase the frequency of the calibration verification. This will improve the calibration monitoring process and prevent undetected calibration failures.


SGS is processing the Noront requested retests and is planning to have all remedial work completed by Friday May 2nd, 2008.


Upon receipt of the revised analytical reports from SGS, Noront will review the results for QA/QC as before, apply them to the drill hole information and release results in a timely manner.


SGS is a longstanding respected member of the North American exploration community and is very aware of the implications of analytical data and the need for quality and diligence. In response to the unprecedented boom in exploration activity, SGS has invested heavily to ramp-up capacity, quality and capability throughout our North American analytical network the last three years. The SGS laboratory in Toronto processed over 8.5 million analytical determinations in 2007 and is currently undergoing another significant expansion that will boost the laboratory's capacity to in excess of 17 million analytical determinations per annum. As well, one of SGS' senior lab managers was transferred to the Toronto site in late 2007 in response to the significant growth in business experienced the last 2 years and in response to the 2008 capacity expansion.


SGS considers itself to be an industry leader in terms of quality systems implementation - the Toronto lab has been certified to ISO/IEC 17025 for a number of specific registered tests since 2003 and has been audited to this Standard three times, the most recent being in April 2008. The Noront incident has already resulted in changes in operational procedures and protocols at the Toronto Lab site.


After the initial delay, Noront is impressed with SGS' professional approach and their immediate attention to correcting the problem. Noront expects to continue to use SGS as one of it's analytical laboratories.


All information contained in this release pertaining to SGS had been supplied by SGS and Noront makes no representation expressed or implied as the accuracy thereof.


SGS is the global leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognized as the global benchmark in quality and integrity. With over 50,000 employees, SGS operates a network of over 1,000 offices and laboratories around the world.


This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".


Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 128,568,083 shares issued to date.


Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.



CONTACT INFORMATION:


SGS Minerals Services

Russ Calow

VP Global Geochemistry

[phone]

Fax: [phone]

Email: [e-mail]


or


Noront Resources Ltd

Richard Nemis

President and CEO

[phone]

Fax: [phone]

Email: [e-mail]

[kaliho]

das wird jetzt spannend, mal sehen wie das nächste woche weitergeht.

assay probleme, egal welcher art sind ja eigentlich das schlimmste was sich als explorer vorstellen kann.

[veliderelch]

Antwort auf Beitrag Nr.: 34.019.385 von mike32 am 02.05.08 21:03:59

Hallo mike32,

es ist schön, den engl. Text zu lesen. ich weiß nicht ob ich der Einzige bin, der sich mit diesen engl. Fachausdrücken weniger auskennt. Für mich wäre es hilfreich, wenn irgendjemand aus dem Thread eine kurze Zusammenfassung in Deutsch hinzufügen kann. Bei dieser Meldung könnten Zweifel an den Bohrergebnissen aufkommen.
(Das habe ich mir "zusammengelesen")
Wie sieht es aber einigermaßen richtig aus?
Schon jetzt ein Danke an den, der dies macht!!!

Veli

[mike32]

Antwort auf Beitrag Nr.: 34.023.472 von veliderelch am 04.05.08 12:55:46

Hallo veliderelch ,

leider bin ich auch nicht so sattelfest , um diesen speziellen Text zu 100 % zu verstehen , jetzt merkt man erstmal was wir alle an Fantomas hatten und irgendwie verstehen , kann ich ihn allemal !

gruss mike

[mike32]

http://www.agoracom.com/ir/Spider/messages/822750#message




Download link for updated map
Posted by: Helium on May 06, 2008 01:11PM

Map with numbers download link:

http://www.freedrive.com/file/322799



Map with names download link:

http://www.freedrive.com/file/322800




The links are also posted in the link library section of the McFaulds Lake forum. Helium



gruss mike

[Radikalinsky]

Antwort auf Beitrag Nr.: 34.023.472 von veliderelch am 04.05.08 12:55:46

Die Frage ist ja nicht mehr ganz aktuell, und wer hat schon Zeit, das alles zu übersetzen?

Die Hauptsache der Meldung vom 2.5. ist die Entwarnung, weil die News vom 25.4. zu Verunsicherung geführt hatte:
Die Firma versichert, daß das Problem bei der Qualitätskontrolle nicht mit irgendwelchen Untersuchungs-Ergebnissen zu tun hat, die bisher veröffentlicht worden sind. Auch haben die Verzögerungen bei der Erreichung akzeptabler Ergebnisse aus dem Labor keinen Einfluß auf die tatsächlichen Ergebnisse, die noch kommen werden.

Dann kommen haarklein technische Details. Noront hat z. B. gemerkt, daß die Metallgehalte, die SGS ermittelt hat, durchgehend zu niedrig waren.

Also alles okay für Noront. Peinlich für SGS. Das war auch der Grundkonsens auf agoracom, ohne daß ich jetzt den Beleg liefern will (da ist einfach zu viel los). Wer wie ich das Vertrauen zu Noront behalten hat, konnte am 25.4. günstig nachkaufen.

Gruß, Rad

PS: Auch schwierigen technisch-englischen Wortschatz findet man auf http://dict.leo.org.

[Daytrader12]

NEWS!

http://biz.yahoo.com/ccn/080509/200805090460671001.html?.v=1

Press Release Source: Noront Resources Ltd.


Noront Receives Analytical Results Eagle One Deposit
Friday May 9, 8:30 am ET


TORONTO, ONTARIO--(Marketwire - May 9, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT - News) is pleased to announce the receipt of final assays on holes NOT-07-28, and NOT-08-30 to NOT-08-35 on its 100%-owned Eagle One deposit within Noront's Double Eagle Project in the McFauld's Lake Area of northeastern Ontario. "After much anticipation, the outstanding assays for the last series of holes into Eagle One have been reviewed and approved for entering into the resource data base. The results presented are encouraging and do not differ from what was expected by management" states Richard Nemis, President and CEO of Noront.
ADVERTISEMENT


HIGHLIGHTS

- Hole 28 averaged 6.73% nickel, 5.11% copper, 0.05 g/t platinum, 14 g/t palladium, 0.41g/t gold and 12.9 g/t silver over 1.5 metre core length, within a much larger 73.2 metre section that averaged 1.31% nickel;

- Hole 30 averaged 3.5% nickel, 3.54% copper, 0.48 g/t platinum, 8.96 g/t palladium, 0.22 g/t gold and 9.3 g/t silver over 11.1 metres, within an 84.7 metre core length that averaged 1.1% nickel;

- Hole 34 averaged 6.88% nickel, 5.05% copper, 2.53 g/t platinum, 14.07 g/t palladium, 0.39 g/t gold and 15.1 g/t silver over 10.6 metres, within an 38.5 metre core length that averaged 2.34% nickel.

- Exploration continues on project through breakup period, third drill getting ready for anomaly testing;

- All analytical results for holes NOT-07-01 through to NOT-08-35 have been delivered to P&E Mining Consultants for incorporating into a resource study.

Seven holes testing Eagle One were completed during late January and early February 2008, including one hole (hole 28) that was started prior to the Christmas break, that is reported herein. As announced earlier (see press releases dated April 25 and May 2, 2008), delays at the laboratory were complicated by a series of quality assurance, quality control (QA/QC) issues. All outstanding work orders are now received and have passed Noront's QA/QC program. The remaining work orders for analysis with respect to the anomaly drilling in the vicinity of Eagle One, including Eagle Two are currently being processed and reviewed, results of which will be released as soon as they are available.

A full complement of exploration personnel has been actively exploring the Double Eagle project, completing line cutting, followed by very intense geophysical surveying using magnetic, gravimetric and electromagnetic (MaxMin, TerraTem, TDEM) techniques, following up on the earlier Aeroquest Aerotem2 survey, as well as a Geotech VTEM survey over specific areas.




HIGHLIGHTS OF ASSAYS RECENTLY RECEIVED

----------------------------------------------------------------------------
Palla-
Hole # from to int Copper Nickel Platinum dium Gold Silver
----------------------------------------------------------------------------
(m) (m) (m) % % g/t g/t g/t g/t
----------------------------------------------------------------------------

----------------------------------------------------------------------------
----------------------------------------------------------------------------
NOT-07-28 169.0 242.2 73.2 0.71 1.31 0.63 2.62 0.34 2.2
----------------------------------------------------------------------------
including 169.0 175.0 6.0 0.21 0.43 0.30 0.91 0,02 0.3
----------------------------------------------------------------------------
followed by 175.0 217.0 42.0 0.84 1.62 0.80 3.13 0.49 2.8
----------------------------------------------------------------------------
followed by 217.0 218.5 1.5 5.11 6.73 0.05 14.00 0.41 12.9
----------------------------------------------------------------------------
followed by 218.5 242.2 23.7 0.33 0.63 0.45 1.44 0.16 0.8
----------------------------------------------------------------------------

----------------------------------------------------------------------------
----------------------------------------------------------------------------
NOT-08-30 12.5 97.2 84.7 0.77 1.10 0.33 2.12 0.60 2.8
----------------------------------------------------------------------------
including 12.5 23.6 11.1 3.54 3.50 0.48 8.96 0.22 9.3
----------------------------------------------------------------------------
followed by 23.6 99.2 75.6 0.35 0.76 0.31 1.09 0.65 1.9
----------------------------------------------------------------------------
----------------------------------------------------------------------------

----------------------------------------------------------------------------
----------------------------------------------------------------------------
NOT-08-31 no significant assay intervals
----------------------------------------------------------------------------
----------------------------------------------------------------------------

----------------------------------------------------------------------------
----------------------------------------------------------------------------
NOT-08-32 182.8 240.5 57.7 0.87 1.89 1.13 3.70 0.16 9.0
----------------------------------------------------------------------------
including 182.8 190.4 7.6 1.68 6.64 0.10 3.87 0.05 0.4
----------------------------------------------------------------------------
followed by 190.4 196.1 5.7 0.19 0.08 0.66 0.87 0.06 0.3
----------------------------------------------------------------------------
followed by 196.1 221.3 25.2 1.17 1.58 1.92 5.37 0.28 7.0
----------------------------------------------------------------------------
followed by 221.3 240.5 19.2 0.37 0.94 0.64 2.27 0.06 1.2
----------------------------------------------------------------------------
----------------------------------------------------------------------------

----------------------------------------------------------------------------
----------------------------------------------------------------------------
NOT-08-33 9.5 72.5 63.0 0.31 0.65 0.32 1.02 0.07 4.5
----------------------------------------------------------------------------
including 9.5 19.4 9.9 0.24 0.54 0.10 0.31 0.03 0.3
----------------------------------------------------------------------------
followed by 19.4 46.2 26.8 0.23 0.41 0.22 0.72 0.06 1.5
----------------------------------------------------------------------------
followed by 46.2 61.5 15.3 0.66 1.48 0.68 2.39 0.12 1.9
----------------------------------------------------------------------------
followed by 61.5 72.5 11.0 0.68 0.17 0.25 0.50 0.07 0.8
----------------------------------------------------------------------------
----------------------------------------------------------------------------

----------------------------------------------------------------------------
----------------------------------------------------------------------------
NOT-08-34 26.0 64.5 38.5 1.65 2.34 2.21 5.45 0.16 4.9
----------------------------------------------------------------------------
including 26.0 36.6 10.6 5.05 6.88 2.53 14.07 0.39 15.1
----------------------------------------------------------------------------
followed by 36.6 64.5 27.9 0.36 0.63 2.08 2.18 0.07 0.9
----------------------------------------------------------------------------

----------------------------------------------------------------------------
----------------------------------------------------------------------------
NOT-08-35 9.5 45.0 35.5 0.51 1.14 0.67 2.05 0.12 4.4
----------------------------------------------------------------------------
including 9.5 24.0 14.5 0.87 2.29 0.78 3.02 0.17 3.7
----------------------------------------------------------------------------
followed by 24.0 45.0 21.0 0.26 0.48 0.61 1.39 0.09 1.0
----------------------------------------------------------------------------
----------------------------------------------------------------------------


Due to the irregular shape of the Eagle One Magmatic Massive Sulphide body, the drill intersections presented above are not true width. True width determinations will be referred to once the resource estimate is completed.




HOLE LOCATIONS

----------------------------------------------------------------------------
Hole Northing Easting Northing Easting Azimuth Dip Length
----------------------------------------------------------------------------
number (local) (local) UTM UTM (degrees) (deg- (m)
rees)
----------------------------------------------------------------------------
NOT-07-28 1069 5174 5843598 547363 270 -52 253
----------------------------------------------------------------------------
NOT-08-30 1146 5080 5843597 547221 90 -45 298.8
----------------------------------------------------------------------------
NOT-08-31 1179 5207 5843712 547287 133 -45 101
----------------------------------------------------------------------------
NOT-08-32 1247 4974 5843600 547080 90 -45 266
----------------------------------------------------------------------------
NOT-08-33 1123 5107 5843600 547253 90 -46 111
----------------------------------------------------------------------------
NOT-08-34 1177 5156 5843675 547255 90 -45 89.6
----------------------------------------------------------------------------
NOT-08-35 1136 5036 5843562 547195 90 -45 80.6
----------------------------------------------------------------------------


The above table provides local and UTM grid co-ordinates for holes mentioned in this press release. Each of these holes was designed to provide infill or extensions (to depth and/or along strike) of known mineralization in Eagle One. All holes have been surveyed down-hole with light logging equipment, to provide more accuracy with respect to location of holes within the occurrence, as required for resource evaluation and modeling.

GEOLOGIC SUMMARY OF HOLES (ASSAYS REPORTED)

Hole NOT-07-28 was set at the same collar location as hole NOT-07-26. After 14.8 meters of overburden and limestone, this hole entered a mafic dike until 17.8 meters. Between 17.8 and 128.1 the hole entered granodiorite, followed by an olivine rich gabbro until 140.1 meters. Variably mineralized peridotite was encountered between 140.1 to 242.2 meters, including mineralized peridotite between 169 and 175 meters, followed by net textured mineralized peridotite between 175 and 217 meters, followed by massive sulphides between 217 and 218.5 meters, then net textured peridotite from 218.5 to 223.2 meters. The latter part of the peridotite was weakly mineralized. The hole then entered granodiorite at 242.2 and remained in granodiorite until 253 meters, when the hole was stopped.

Hole NOT-08-30 was drilled at local grid collar location 11+46 N at 50+80 E with initial azimuth of 090 degrees and initial dip of -45 degrees. After passing through 12 meters of overburden and limestone the hole entered granodiorite until 12.5 meters. Several massive sulphide lenses intermingled with net textured mineralized peridotite, and thin felsic dikes were encountered between 12.5 meters and 99.5 meters, when weakly mineralized peridotite was encountered. Massive sulphide intersections included 12.5 meters to 13.5 meters, 15.8 meters to 17.8 meters, and 21.3 meters to 22 meters, the rest of this section consisted of mostly net textured mineralized peridotite. At 101.4 to 102.2 meters down-hole a fault was encountered followed by a gabbro until 111.1 meters. Granodiorite with several mafic dikes were encountered between 111.1 to the end of the hole at 298.8 meters. Mafic dikes encountered were between 151.6 and 153.6 meters, 175.3 and 178.8 meters, 216.9 and 218.3 meters and then 274.5 and 285.5 meters down-hole.

NOT-08-31 was drilled at local grid collar location 11+79 N at 52+07 E with an initial azimuth of 133 degrees and an initial dip of -45 degrees. This hole was designed to test the northeast extension of Eagle One. After 11.4 meters of overburden and limestone, granodiorite was encountered until 14.1 meters. Then a mafic volcanic flow was encountered to 35.3 meters, followed by a mafic dike until 40.9 meters down-hole. Granodiorite was then encountered to the end of the hole at 101 meters. No samples were taken from this hole.

NOT-08-32 was drilled at local grid collar location 12+47 N at 49+74 E with an initial azimuth of 090 degrees and an initial dip of -45 degrees. This hole initially passed through 11.1 meters of overburden, limestone and sandstone, and then entered granodiorite with two thin mafic dikes until 182.2 meters down-hole. Massive sulphide mineralization was encountered between 182.2 to 198.7 meters, including highly altered, silicified quartz feldspar porphyry between 190.4 and 196.1 meters. The massive sulphide zone was then followed by variably mineralized peridotite and net textured peridotite until 248.2 meters down-hole when the hole entered granodiorite. The hole was stopped at 266 meters total depth.

NOT-08-33 was drilled at local grid collar location 11+23 N at 51+07 E with an initial azimuth of 090 degrees and an initial dip of -46 degrees. After drilling through 9.5 meters of overburden and limestone the hole entered peridotite until 17.2 meters, followed by a felsic dike between 17.2 and 18.5 meters then gabbro until 19.4 meters. Peridotite was then encountered between 19.4 meters and 37.3 meters, followed by another felsic dike until 40.4 meters down-hole. Variably mineralized peridotite was then encountered between 40.4 meters and 72.5 meters including net textured mineralized peridotite between 46.2 meters and 61.5 meters. At 72.5 meters granodiorite was encountered until 81.3 meters when a mafic dike was intersected until 85.4 meters, after which granodiorite was encountered to the end of the hole at 111 meters.

NOT-08-34 was drilled at local grid collar location 11+77 N at 51+56 E with an initial azimuth of 090 degrees and an initial dip of -45 degrees. After drilling through 14.6 meters of overburden and limestone, the hole entered gabbro until 18 meters. This was followed by granodiorite until 25.3 meters, then a mafic dike until 26 meters. Massive sulphides were then intersected between 26 meters and 36.6 meters followed by peridotite until 48.3 meters then mineralized peridotite until 64.5 meters. Granodiorite was encountered between 64.5 meters and 69.3 meters, followed by a mafic dike until 72.3 meters then granodiorite until the end of the hole at 89.7 meters.

NOT-08-35 is the last hole drilled into Eagle One at this time. It was collared at local grid co-ordinate 11+36 N at 50+36 E with an initial azimuth of 090 degrees and an initial dip of -45 degrees. After drilling through 9.5 meters of overburden and limestone the hole entered mineralized peridotite to 45 meters followed by weakly mineralized peridotite to 64.6 meters. A felsic dike was then encountered to 65.9 meters followed by peridotite until 80.6 meters when the hole was terminated.

ON SITE QUALITY ASSURANCE / QUALITY CONTROL MEASURES

The aforementioned assay and sample information, as well as geological descriptions are taken from drill logs as prepared by the Project geologist for the drill program, Mike Kilbourne. Billiken Management Services Inc. is providing all services on site for the Noront Double Eagle Project, from their base camp at McFaulds Lake. Billiken is a holder of Certificate of Authorization issued by the Association of Professional Geoscientists of Ontario.

All samples from the early part of the 2008 exploration program were submitted to SGS Laboratory in Toronto, Ontario. Samples were selected in the field under the supervision of the site geologist, then were cut by diamond saw. One half of the sample is retained for record at the base camp, the other half of the sample was placed in a plastic bag and individually sealed. The sealed bags are then placed in durable rice bags in batches of 5 and a numbered security tag seals each rice bag. The rice bags are placed in plastic pails and batches of 40 samples were sent by bonded courier to SGS Laboratory in Toronto Ontario.

INDEPENDENT QUALITY CONTROL AND ANALYTICAL PROTOCOL

A thorough quality control program was implemented for the Double Eagle project which included grouping samples into batches of 35 into which was added 2 certified reference material standards, 2 field blanks comprised of sterile drill core, and a field duplicate. It can be said with confidence that all assays as reported in this Press Release have passed the strict quality control guidelines as set out by Noront's QP.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

Drilling results in this press release have been completed under the supervision of Noront's senior management including Neil Novak P.Geo., a director and Vice President-Exploration and John Harvey P.Eng. Executive Vice President of Noront, being Qualified Persons under Canadian Securities guidelines.

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 125,568,083 shares issued to date.

Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS:

R. Nemis, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

LG!

Daytrader12

[mike32]

http://agoracom.com/ir/Noront/messages/830111#message



NEWS - Noront and Freewest to Jointly Explore Key Airborne Geophysical Target Located Proximal to the Eagle One Deposit in the McFaulds Lake Area, Northern Ontario
Posted by: AGORACOM on May 14, 2008 08:45AM

TORONTO, ONTARIO - (May 14, 2008) - Richard Nemis, President and CEO of Noront Resources Ltd. (TSX VENTURE:NOT) and Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc. (TSX VENTURE:FWR) today announce that their respective companies have agreed to jointly explore a key airborne geophysical anomaly, situated in the Eagle One deposit locale in the McFaulds Lake area. The McFaulds Lake area exploration play is situated in the Sachigo greenstone belt, 300 kilometres north of Nakina in the James Bay Lowlands of northern Ontario.


Under the terms of the agreement ("FWR-NOT JV"), Freewest will contribute 68 acres (27.5 hectares) comprising a small portion of their 100%-owned property. Noront in turn, will contribute 70 acres (28.3 hectares) of their adjoining land to collectively form the joint-venture property ("the Property"). Freewest and Noront shall share exploration costs on a 50%-50% basis and will share any mineralization found on the Property on a similar basis. Freewest will act as the operator of the initial exploration program which is to be agreed upon by both parties.


The Property covers a prominent bulls eye-shaped magnetic anomaly strikingly similar to the magnetic anomaly intimately associated with the Eagle One deposit, located some seven (7) kilometres to the southwest. The magnetic anomaly on the Property is also coincident with an electromagnetic anomaly (conductor), defined in a recent airborne geophysical survey completed by Aeroquest Intl. Limited, utilizing their AeroTEM II helicopter-borne system. A map showing the location of the Property and the subject airborne geophysical anomaly (Figure 1) comprises part of this news release and is posted on the Freewest website at www.freewest.com.


At the Eagle One deposit, Noront has encountered some exceptional grades including 5.90% nickel, 3.10% copper, 2.87 g/t platinum and 9.78 g/t palladium over 68.3 metres (NOT-07-05) as well as 6.30% nickel, 2.80% copper, 1.90 g/t platinum and 10.20 g/t palladium over 46.2 metres in drill hole NOT-07-27. Noront is currently completing an NI 43-101 compliant resource estimate with an accompanying technical report on its Eagle One deposit and is also drilling several other targets within their large land tracts (see Noront news release dated May 9, 2008).


Following the spring break-up, a deep-penetrating ground electromagnetic survey (TDEM) will be completed on the property in an effort to more closely locate diamond drilling targets. It is anticipated that the geophysical survey will be completed in June with diamond drilling following shortly thereafter.


Donald Hoy, P. Geo., Ontario, Vice President of Exploration and a Director of Freewest Resources Canada Inc is the qualified person on the Property under National Instrument 43-101 and is responsible for the preparation of this news release.


A thorough quality control program was implemented for the Double Eagle project which included grouping samples into batches of 35 into which was added 2 certified reference material standards, 2 field blanks comprised of sterile drill core, and a field duplicate. It can be said with confidence that all assays as reported in this Press Release have passed the strict quality control guidelines as set out by Noront's Qualified Person ("QP").


Freewest is a well-funded mineral exploration company with working capital in excess of $9 million, exploring for gold and base-metals in Eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.


As well this press release has been completed under the supervision of Noront's senior management including Neil Novak P.Geo., a director and Vice President-Exploration and John Harvey P.Eng. Executive Vice President of Noront, being Qualified Persons under Canadian Securities guidelines.


Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,403,883 shares issued to date.


Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.


Please note: Figure 1 is available at the following link:


http://media3.marketwire.com/docs/Fr...


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.



CONTACT INFORMATION:


Noront Resources Ltd.
Richard Nemis
President and CEO
[phone]
Fax: [phone]
E-mail: [e-mail]
Website: www.norontresources.com


or

Freewest Resources Canada Inc.
Mackenzie I. Watson
President and CEO
[phone] or 1-888-878-3551
Fax: [phone]
E-mail: [e-mail]
Website: www.freewest.com

[mike32]

http://www.freewest.com/properties/ontario/mc_faulds/

http://www.freewest.com/_resources/properties/mcfaulds/Figur…

Um diese 4 Claims ( 100 % Freewest ) geht es in dem JV !

gruss mike

[mike32]

Korrektur:
es handelt sich nur um einen sehr kleinen Teil des linken, oberen 100%-FWR Claim Blocks (NICHT um alle 4 Blocks):



gruss mike

Ps.: danke , Fantomas96

[mike32]

Happy Birthday, Richard
Posted by: QQ_Girl on May 15, 2008 10:24AM





http://agoracom.com/ir/Noront/messages/831494#message

[Fantomas96]

Gerüchte sprechen von einem tollen Geburtstagsgeschenk für Richard!

FANTOMAS

[mike32]

http://agoracom.com/ir/Noront/messages/834393#message

WINDFALL RAMP UPDATE
Posted by: FANTOMAS on May 18, 2008 04:21PM

I don´t know if this picture had been posted already.

But it can´t do any harm showing the progress of the Windfall ramp again.

They have achieved a total lenght of 170 m as of May 7, 2008 (122 m ramp, 28 m towards FWR/MGR/NOT F11 gold zone and 20 m towards NOT 06-100):

http://www.norontresources.com/proje...

For better overwiew of the area:






gruss mike
Ps: thx fantomas

[powertecc]

Langsam würde es dann schon mal Zeit für das eine oder andere kurswirksame (Norden) Ergebnis werden.

[Blanca_die_Haesin]

Erstaunlich, dass die gestrigen News noch nicht gepostet wurden.

Ist es eine Qualitätsfrage?

Der andere Noront-Thread gibt Auskunft !

[veliderelch]

Antwort auf Beitrag Nr.: 34.102.918 von Fantomas96 am 15.05.08 17:46:19

zum Thema Geburtstagsgeschenk für R. Nemis:

Na, das war mit dem Chrom wohl nicht das richtige Geburtstagsgeschenk. Wenn man die Reaktion sieht, dann schwindet die Hoffnung auf eine schnelle Kurserholung.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 34.187.518 von veliderelch am 28.05.08 14:48:34

war eben ne enttäuschung. wobei ich die news nicht so schlecht fand. aber klar war dass der markt sie nicht mag. da schillert platin in den augen der marktteilnehmer und dann kommt chrom

fantomas schreibt ja leider nichts mehr. mit chrom hab ich mich noch gar nicht beschäftigt.
aber die gehalte waren ja sehr gut. mal sehen was der markt heute macht gestern war´s ja schon knapp an 3,xx

[mike32]

http://biz.yahoo.com/ccn/080527/200805270464412001.html?.v=1




Noront Receives Assays From Earlier Holes and Significant Visuals From New Holes at Eagle Two Occurrence
Tuesday May 27, 10:01 am ET


TORONTO, ONTARIO--(Marketwire - May 27, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT - News) wishes to present the following progress report on its exploration activities in the McFaulds Lake area of northern Ontario in the James Bay Lowlands. The anomaly drill testing program on the Double Eagle Project continues with two machines testing visible copper-nickel sulphide and chromite mineralization located by geophysical surveying. Acceptable assay results are again being received by the Company and both SGS Laboratory in Toronto and Activation Laboratory in Ancaster, Ontario are submitting results complying with the Company's strict QA/QC program supervised for Noront by P&E Mining Consultants of Brampton Ontario. Noront's geologists report the following highlights from their most recent results emanating from its diamond drilling programs.
ADVERTISEMENT


HIGHLIGHTS

1) Latest drilling at Eagle Two (Anomaly AT2) continues to delineate, at depths now exceeding 400 meters vertically below surface, significant copper - nickel mineralization. The most visually impressive and deepest core intercepts of mineralization have been encountered in some of the most recently completed holes, indicating significant improvement with depth.

2) Hole 40 is visually the most interesting hole drilled to date at Eagle Two, encountering a total core length of 24.7 meters, of intermittent sulphide lenses within the shear hosted sulphide zone, starting at a vertical depth of 270.8 meters, of which 17.2 meters contained strongly mineralized sulphides in one continuous lense with visual copper (chalcopyrite) and nickel (pentlandite) mineralization.

3) Noront management feels that the drill results obtained to date at Eagle Two are consistent with the conceptual model it has developed to date, which would suggest that there is potential for the discovery of another Eagle One - type deposit, as the Eagle Two mineralization is traced northwestward into a possible feeder conduit. The potential for both Chromite and Ni-Cu deposits within the Ring of Fire Intrusion ("RFI") itself remains virtually untested.

With the exception of diamond drilling, the Noront operated exploration programs were suspended for a short spring breakup period, while plans were being finalized for the commencement of very aggressive spring-summer field programs. In anticipation of the upcoming field season, line cutting and ground geophysical surveying have already commenced on the Double Eagle - Grid Two and other projects around the Ring of Fire in joint venture with other companies, and being operated by Noront. Numerous additional claims staked by Noront earlier this year will be surveyed by contracted Airborne geophysical equipment over the next few months. A third drill has commenced on the Double Eagle Project to test airborne anomalies AT-5, 6, 7 and 12 all east and north of Eagle One.

EAGLE TWO (AT2 Anomaly)

In general terms, the number of mineralized zones encountered increases with depth as the drill-holes explore this Shear Hosted Sulphide ("SHS") zone. At greater depths the tenure of sulphide mineralization is greatest in holes 1G32 and 1G40. Assays for samples selected from Hole NOT-08-1G32, 1G35, 1G38, 1G39 and 1G40 are pending, however, Noront can report the following visual observations.

To date, 23 holes totaling 7,412.9 meters have now been completed at Eagle Two to assess the SHS occurrence discovered by Noront earlier this year (see press release dated February 25, 2008). Two additional holes are underway (Holes NOT-08-1G40 and NOT-08-1G41). The eight holes with assays reported herein and those completed since the last press release on April 2, 2008 have continued to extend the mineralization containing visible copper-nickel sulphides and chromitite to vertical depths of 350 meters and 400 meters respectively. Both zones (sulphides plus chromitite) occupy positions conformable with and near the stratigraphic bottom of a wide Peridotite Sill (that defines part of the Ring of Fire) which in turn unconformably overlies a Granodiorite older basement rock. Assays are pending for the more recent holes.

The recent drilling at Eagle Two has continued to return increasing widths from the SHS occurrence which thus far has consisted of intermittent bands and stringers of sulphide mineralization containing visible copper and nickel minerals with other less important sulphide minerals. From the narrow widths initially encountered in holes NOT-08-1G2 and NOT-08-1G3 near surface the SHS zone has been traced down a dip slope length of 450 meters or to a vertical depth of 350 meters. No attempt with the recent drilling has been made to define the lateral or horizontal length of the SHS zone at this time. Instead, the objective of the current drilling program at Eagle Two is to follow the mineralization to progressively greater depths in search of postulated pooled concentrations of copper - nickel sulphides lying on the basement rock as evidenced at Eagle One. With the increased widths of the mineralization and additional parallel zones encountered in drill holes numbered NOT-08-1G32, 1G35 1G38,1G39 and 1G40 as reported in the table below, Noront's geologists are encouraged with the depth potential being encountered.

Starting with Hole NOT-08-1G32, the 18.5 meter core width from the SHS zone was earlier preceded in the drill hole, 70 meters above by a new parallel 5 meter wide geologically similar appearing weakly mineralized copper - nickel stringer sulphide zone. Within the 18.5 meter SHS zone, 8.1 meters contains strongly mineralized Cu-Ni sulphides.

Hole NOT-08-1G35, a 50 meter horizontal step-out hole, down dip to the west, encountered, starting at 260 meters core length, a 60 meter upper zone of weakly mineralized stringer copper - nickel sulphide mineralization followed by the main SHS zone 55 meters below consisting of 13.3 meters of stringer copper - nickel mineralization, representing the continuation of the SHS zone. Of this 13.3 meter SHS zone 3.7 meters is considered to be moderately mineralized with respect to Cu-Ni sulphides.

Hole NOT-08-1G38 after encountering a 12 meter core length from the upper zone, starting at 117 meters, encountered the SHS zone a further 70 meters down the hole which returned a core width of 29.1 meters of stringer sulphide mineralization consisting of pyrrhotite, pentlandite and chalcopyrite as narrow (10 cm to 120 cm) intermittent mineralized zones in a talc-altered peridotite. Of this section 18.5 meters is considered to be moderately mineralized.

In Hole NOT-08-1G39 the SHS zone was encountered between 405 meters and 420 meters, consisting of narrow zones of Cu-Ni mineralization, with a moderately mineralized continuous section of Cu-Ni mineralization between 411.8 and 420 meters.

In Hole NOT-08-1G40 the SHS zone was encountered between 270.8 and 295.5 where there was a number of intermittent strongly mineralized narrow Cu-Ni zones with the strongest mineralization observed between 278.3 meters and 295.5 meters.

Management believes that the recent drill hole results, with the presence of visible copper - nickel sulphide and chromite mineralization being observed by the geologists on site is very encouraging, and could be of significant importance for Noront, if the assays pending are favourable. Notwithstanding the foregoing, visual observations are estimates only and pending assay results may not confirm visual observations in whole or in part.

EAGLE ONE AND TWO GEOLOGICAL MODEL

On-going exploration work at the Double Eagle project is partly predicated upon a conceptual model of the mineralizing systems associated with the Ring of Fire, developed by Noront's technical team including its independent consultants, such as Wayne Ewert Ph.D., P.Geo of P&E Mining Consultants. This theoretical model has been formulated by incorporating recent drill data along with geophysical, geological and other technical survey results on the project to date. Salient features from other established geological models for similar mineralizing systems from around the world have also been incorporated into the conceptual model, which is in a constant state of revision as new data becomes available. Key points of the Ring of Fire conceptual model are as follows;

- A mantle derived, highly magnetic ultramafic "peridotite" intrusion ("the Ring of Fire Intrusion" or "RFI") has been emplaced along the margin of a regional scale granodiorite pluton which had been intruded into and caused a doming of the host Sachigo greenstone belt rocks. The RFI is thus situated between the granodiorite on one hand (footwall) and the surrounding Sachigo Greenstone Belt rocks (hangingwall) on the other. The RFI is magnetically distinct allowing it to be traced more or less uninterrupted, for tens of kilometers along the granodiorite margin. It appears that a series of conduits cutting across and through the granodiorite have acted as feeders to the RFI.

- On a world-wide basis ultramafic intrusions, similar to the RFI, are known to host several types of deposits such as:

-- Layered chromite deposits

-- Nickel-Copper deposits

-- Platinum Group Metals ("PGM") deposits.

- Recent drilling within the Ring of Fire area confirms that both PGM-rich Ni-Cu deposits (Eagle One and possibly Eagle Two) and now chromite occurrences are associated with the RFI and its related conduit feeder system. As would be expected under the conceptual model, on-going drilling by Noront and published results from other junior companies working in the area, suggest that the layered chromite mineralization is likely to be confined strictly to the RFI, while the platinum rich Ni-Cu sulphide mineralization appears, at least at this stage of exploration, to be related to the conduit feeders, localized in pools or traps. Based on observations from similar intrusives globally there is no reason, at least conceptually, why Ni-Cu or PGM deposits could not be hosted by the RFI itself. The exploration potential in this regard remains to be tested.

- Using the conceptual model, the Eagle One deposit would be interpreted to occur within a conduit feeder, at some distance from the RFI. The Eagle Two discovery on the other hand is interpreted under the conceptual model as occurring within the "throat or mouth" portion of the conduit where it empties into the RFI. The mineralization yielded by Noront's results at this point in the system consists of mineralized zones that contain numerous thin (10 cm to 120 cm) Ni-Cu bearing sulphide layers occupying a shear zone that collectively amass to 10's of meters thick "fingers" that "feather" out into the RFI. Individual semi-massive to massive sulphide lenses within the SHS zone attain core lengths of up to 7 meters.

- The most recent drilling (holes NOT-08-1G32, 1G35, 1G38, 1G39 and 1G40) at Eagle Two suggests that the zone of finger-style mineralization is coalescing and increasing in overall thickness as it is drill tested along strike to the northwest, presumable into a conduit that is part of the original feeder system. The sulphide mineralization is also interpreted as moving away from the Chromite mineralization further suggesting that the Eagle 2 mineralizing environment is moving further away from the RFI and into a possible feeder conduit environment similar to that observed at Eagle One.

- Noront management feels that the drill results obtained to date at Eagle Two are consistent with the conceptual model it has developed to date, which would suggest that there is potential for the discovery of another Eagle One - type deposit, as the Eagle Two mineralization is traced northwestward into a possible feeder conduit. The potential for both Chromite and Ni-Cu deposits within the RFI itself remains virtually untested.

The SHS zone, dipping flatly approximately 50 to 60 degrees to the west and striking north-south within the Peridotite Sill has been intersected on UTM Section 5841875 north to 5842100, a total strike length (drilled to date) of 225 meters. Widths are variable in the erratically spaced drill holes completed thus far and the assay widths reported below in the first four holes also share erratic distribution of the significant minerals. The results reported below are considered by management to be very encouraging for this near surface mineralization. Notwithstanding that these results appear to confirm management's conceptual theories, there can be no guarantee of actual results, which may differ from management's expectations.




EAGLE TWO TABLE OF ASSAYED DRILL HOLES RECEIVED TO DATE

---------------------------------------------------------------------------
Hole # from to interval Copper Nickel Platinum Palladium
(m) (m) (m) (%) (%) (g/t) (g/t)
---------------------------------------------------------------------------
NOT-08-1G2 34.0 68.0 34.0 0.09 0.62 0.01 0.22
---------------------------------------------------------------------------
including 34.0 39.0 5.0 0.06 0.38 0.03 0.15
---------------------------------------------------------------------------
followed by 39.0 43.0 4.0 0.21 1.44 0.00 0.37
---------------------------------------------------------------------------
followed by 43.0 68.0 25.0 0.07 0.55 0.02 0.22
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-08-1G3 42.3 47.9 5.6 0.21 2.24 0.02 1.38
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-08-1G6 114.7 123.8 9.1 0.06 0.69 0.05 0.28
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-08-1G8 124.0 129.5 5.5 0.33 1.98 0.01 0.45
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-08-1G15 NSA
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-08-1G16 NSA
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-08-1G17 136.8 144.1 7.3 0.13 0.59 0.01 0.09
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-08-1G22 196.5 211.1 14.6 0.08 0.58 0.04 0.23
---------------------------------------------------------------------------
including 196.5 201.6 5.1 0.13 1.00 0.04 0.39
---------------------------------------------------------------------------
followed by 201.6 211.1 9.5 0.06 0.35 0.03 0.14
---------------------------------------------------------------------------


As stated above widths are variable for these reported mineralized drill intercepts, therefore there is no true width estimate available until such time as this new occurrence gets additional drill testing. NSA refers to no significant assays

Management believes that the recent drill hole results, with the presence of visible copper - nickel sulphide and chromite mineralization being observed by the geologists on site is very encouraging, and could be of significant importance for Noront, if the assays pending are favourable. Notwithstanding the foregoing, visual observations are estimates only and pending assay results may not confirm visual observations in whole or in part.




SUMMARY OF RECENT DRILLING EAGLE TWO (since last press release, assays
pending)

---------------------------------------------------------------------------
Hole Northing Easting Northing Easting azimuth dip Length Mineral-
ID (local) (local) UTM UTM (deg.)(deg.) (m) ization
(m) (m) (m) (m) from - to
(sulphides)
---------------------------------------------------------------------------
NOT-
08-1
G22 680 N 3125 E 5841962 546118 0 -90 303 199.0 -
211.1
(some
Cu-Ni)
---------------------------------------------------------------------------
240.9 -
247.5 (py,
po, minor
Cu-Ni)
---------------------------------------------------------------------------
NOT-
08-1
G24 725 N 3200 E 5842025 546125 0 -90 372 191.2 -
200.3
(some
Cu-Ni)
---------------------------------------------------------------------------
280.5 -
295.8
(minor py,
po)
-----------
295.8 -
312.1
(int. Cr
beds)
-----------
312.1 -
368.2
(massive
Cr)
---------------------------------------------------------------------------
NOT-
08-1
G25 725 N 3175 E 5842025 546100 0 -90 447 218.8 -
229.3
(minor
Cu-Ni)
---------------------------------------------------------------------------
349.5 -
372.0
(sulphides,
py, po)
-----------
372.0 -
386.0
(int. Cr
beds)
-----------
386.0 -
417.0
(massive
Cr)
---------------------------------------------------------------------------
NOT-
08-1
G28 785 N 3215 E 5842062 546100 0 -90 432 232.5 -
236.4
(minor
Cu-Ni)
---------------------------------------------------------------------------
325.0 -
353.3 (py,
po)
-----------
353.3 -
364.5
(int. Cr
beds)
-----------
364.5 -
413.0
(massive
Cr)
-----------
413.0 -
424.0
(int. Cr
beds)
---------------------------------------------------------------------------
NOT-
08-1
G31 835 N 3237 E 5842100 546100 0 -90 453 264.0 -
271.0
(minor Cu-
Ni)
---------------------------------------------------------------------------
336.7 -
341.6
(int.Cr
beds)
-----------
341.6 -
410.8
(massive
Cr)
---------------------------------------------------------------------------
NOT-
08-1
G32 769 N 3140 E 5842025 546050 0 -90 594 204.0 -
225.0
(minor Cu-
Ni)
---------------------------------------------------------------------------
270.0 -
287.8
(minor Cu-
Ni)
-----------
287.8 -
306
(intermit-
tent Cu-
Ni)
-----------
incl.
292.5 -
300.6
semi-
massive
-----------
494.0 -
494.1
(Cr bed)
---------------------------------------------------------------------------
NOT-
08-1
G35 821 N 3106 E 5842025 546000 0 -90 462 230.1 -
290.6 (py,
po, Cu)
---------------------------------------------------------------------------
383.3 -
387.0
(semi-
massive
Cu-Ni)
-----------
393.1 -
425.1 (po,
minor Ni)
-----------
445.5 -
462 (minor
po)
---------------------------------------------------------------------------
NOT-
08-1
G36 743 N 3155 E 5841987 546100 0 -90 19.5 abandoned
---------------------------------------------------------------------------
NOT-
08-1
G37 743 N 3155 E 5841987 546100 0 -90 15 abandoned
---------------------------------------------------------------------------
NOT-
08-1
G38 743 N 3155 E 5841987 546100 0 -90 519 137.8 -
150.1
(minor po,
py,Cu)
---------------------------------------------------------------------------
206.4-
235.5 (po,
minor Cu-
Ni)
-----------
(209.3 -
227.9
semi-
massive
Cu-Ni)
-----------
426.9 -
505.6 9
(po, mt
minor Ni)
---------------------------------------------------------------------------
NOT-
08-1
G39 850 N 3060 E 5842025 545950 0 -90 447 313.4 -
403.4
(minor po,
min Cu)
---------------------------------------------------------------------------
405 -
420 (inte-
rmittent
Cu-Ni)
-----------
(411.8 to
420.0 semi
-massive
Cu- Ni)
---------------------------------------------------------------------------
NOT-
08-1
G40 800 N 3150 E 5842062 546050 0 -90 270.8 -
295.5 (po,
Cu-Ni)
---------------------------------------------------------------------------
(278.3 -
295.5 semi
-massive
Cu-Ni)
---------------------------------------------------------------------------

For the above table:

Cu refers to copper mineralization, typically chalcopyrite
Ni refers to nickel mineralization, typically pentlandite
po refers to pyrrhotite a sulphide mineral
py refers to pyrite, a sulphide mineral
mt refers to magnetite
Cr refers to chromite mineralization

Semi-massive refers to sulphide mineralization, predominantly po, pn and cp


AT3 anomaly

A total of 2,621 meters were drilled in eight holes testing airborne anomaly AT3, located 4 kilometers to the southwest of Eagle One. These holes intersected altered (talc-chlorite alteration) and non-altered strongly magnetic peridotite units that were locally mineralized with disseminated sulphides. No significant assay results have been received to date. The presence of magnetite veinlets and disseminated sulphide mineralization in the peridotite provide some evidence of conductivity and explain the high magnetic signature. Samples were selected from all mineralized sections, were submitted for multi-element analysis, and results are pending. The following table lists the holes drilled at AT3 anomaly, with the results from holes assayed to date.




SUMMARY OF RECENT DRILLING AT3

----------------------------------------------------------------------------
Hole North- East- North- East- azimuth dip Length Mineralization
ID ing ing ing ing (deg.) (deg.) (m) (sample
(local) (local) UTM UTM information)
----------------------------------------------------------------------------

----------------------------------------------------------------------------
NOT-08- assays
1G10 925 900 5840582 544326 315 -52 281 pending
----------------------------------------------------------------------------
NOT-08- no significant
1G12 1100 900 5840731 544210 135 -45 309 assays
----------------------------------------------------------------------------
NOT-08- assays
1G14 1100 700 5840576 544068 135 -45 228 pending
----------------------------------------------------------------------------
NOT-08- no significant
1G18 1100 700 5840575 544065 135 -75 405 assays
----------------------------------------------------------------------------
NOT-08- assays
1G19 1340 1100 5841021 544195 135 -50 471 pending
----------------------------------------------------------------------------
NOT-08- assays
1G23 1000 900 5840639 544273 135 -45 294 pending
----------------------------------------------------------------------------
NOT-08- assays
1G26 695 990 5840500 544137 135 -45 222 pending
----------------------------------------------------------------------------
NOT-08- assays
1G27 1100 500 5840451 543894 135 -65 411 pending
----------------------------------------------------------------------------


AT4 ANOMALY

A total of 951 meters in three holes were completed to test airborne anomaly AT4 and its southwestern extension, located 5.5 kilometers southwest of Eagle One. Two holes encountered volcanogenic massive sulphide ("VMS") style mineralization in intermediate to felsic volcanic assemblages and the third hole was lost. The holes returned several large widths of barren sulphide mineralization in favourable volcanic rocks uncomformably overlying the Ring of Fire. Minor visible copper - zinc mineralization observed here justifies continued exploration along this favorable north-east to south-west trending stratigraphy. All samples selected will be reported upon once assays have been received. The following table lists the holes drilled in this anomaly area; all assays for these holes are pending.




SUMMARY OF RECENT DRILLING AT4

----------------------------------------------------------------------------
Hole North- East- North- East- azimuth dip Length Mineral-
ID ing ing ing ing (deg.) (deg.) (m) ization
(local) (local) UTM UTM (sample
(m) (m) (m) (m) inform-
ation)
----------------------------------------------------------------------------
NOT-08-
1G30 -375 -300 5838812 544345 315 -50 549 minor py, po
----------------------------------------------------------------------------
minor py, po,
Cu, Zn, Pb
----------------------------------------------------------------------------
NOT-08-
1G33 -55 -300 5839049 544128 135 -70 15 abandoned
----------------------------------------------------------------------------
NOT-08-
1G34 -55 -300 5839049 544128 135 -70 387 minor py, po
----------------------------------------------------------------------------
For the above table the following applies:

py refers to the sulphide mineral pyrite
po refers to the sulphide mineral pyrrhotite
Cu refers to the copper sulphide, typically chalcopyrite
Zn refers to the zinc sulphide, typically sphalerite
Pb refers to the lead sulphide, typically galena


AT8 ANOMALY

Only one hole tested this anomaly located 6.3 kilometers to the southwest of Eagle One and 2.0 kilometers east of AT3 anomaly. Hole NOT-08-1G29 tested airborne anomaly labeled AT8. The hole encountered altered peridotite with little sulphide mineralization. The peridotite exhibited strong chlorite alteration and only minor sulphide mineralization was observed. No sampling was done on this hole. Deeper penetrating geophysical surveying is required here to further explain the cause of the airborne anomaly.




SUMMARY OF RECENT DRILLING AT8

----------------------------------------------------------------------------
Hole ID North- East- North- East- azim- dip Length Mineralization
ing ing ing ing uth (deg.) (m)
(local) (local) UTM UTM (deg.) sample
(m) (m) (m) (m) information
----------------------------------------------------------------------------
no
NOT-08- significant
1G29 1925N 1100W 5839920 542199 315 -50 303 mineralization
----------------------------------------------------------------------------


ON SITE QUALITY ASSURANCE / QUALITY CONTROL MEASURES

The aforementioned assay and sample information, as well as geological descriptions are taken from drill logs as prepared by the Project geologists for the drill program onsite. Billiken Management Services Inc. is providing all services on site for the Noront Double Eagle Project., Billiken is a holder of Certificate of Authorization issued by the Association of Professional Geoscientists of Ontario. All samples from the early part of the 2008 exploration program were submitted to SGS Mineral Services in Toronto, Ontario. Samples were selected in the field under the supervision of the site geologist, then were cut by diamond saw. One half of the sample is retained for record at the base camp, the other half of the sample was placed in a plastic bag and individually sealed. The sealed bags are then placed in durable rice bags in batches of 5 and a numbered security tag seals each rice bag. The rice bags are placed in plastic pails and batches of 40 samples were sent by bonded courier to SGS Mineral Services in Toronto, Ontario.

INDEPENDENT QUALITY CONTROL AND ANALYTICAL PROTOCOL

A thorough quality control program was implemented for the Double Eagle project which included grouping samples into batches of 35 into which was added 2 certified reference material standards, 2 field blanks comprised of sterile drill core, and a field duplicate. It can be said with confidence that all assays as reported in this Press Release have passed the strict quality control guidelines as set out by an Independent Qualified Person ("IQP").

All samples reported upon herein were completed by SGS Mineral Services (SGS) at Toronto, Ontario or Activation Labs (Actlabs) of Ancaster, Ontario. The samples submitted to SGS were analyzed using four acid digestion followed by multi-element analysis ICP40B. The samples that received base metal analyses greater than the detection limit using the multi-element analysis underwent further analysis using FAI323 (Fire Assay) for precious metals and ICP90Q for copper and nickel. For more information on assay methodology please visit the SGS website www.sgs.com.

Drilling results in this press release have been reviewed and approved for dissemination by Noront's senior management including Neil Novak P.Geo., a director and Vice President-Exploration and John Harvey P.Eng. Executive Vice President of Noront, being Qualified Persons under Canadian Securities guidelines.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,493,883 shares issued to date.

Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS

R. Nemis, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



Contact:
Richard Nemis
Noront Resources Ltd.
President and Chief Executive Officer
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.norontresources.com



Source: Noront Resources Ltd.

[mike32]

http://biz.yahoo.com/ccn/080527/200805270464408001.html?.v=1





Noront Receives Chrome and Cr2O3 Assays From Earlier Holes
Tuesday May 27, 10:07 am ET


TORONTO, ONTARIO--(Marketwire - May 27, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT - News) wishes to present the following progress report regarding chrome on its exploration activities in the McFaulds Lake area of northern Ontario in the James Bay Lowlands. This press release should be read in conjunction with the press release issued earlier today concerning Noront's exploration results pertaining in particular to sulphides. The anomaly drill testing program on the Double Eagle Project continues with two machines testing visible copper-nickel sulphide as well as chromite mineralization. The chrome mineralization is found proximal and related to the shear hosted sulphides ("SHS") mineralization at anomaly AT2 also referred to as Eagle Two, initially located by geophysical surveying. Assay results are being received by the Company from both SGS Mineral Services ("SGS") in Toronto, and Activation Laboratories ("Actlabs") in Ancaster, Ontario. These results are complying with the Company's strict QA/QC program supervised for Noront by P&E Mining Consultants of Brampton, Ontario. The Company's geologists report the following highlights with respect to chrome from their recent results emanating from its diamond drilling programs;
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HIGHLIGHTS

- Massive chromitite conformably underlies the shear hosted sulphides at Eagle Two (Anomaly AT2) by approximately 30 - 50 meters. This zone extending along a length of 150 meters and to a vertical depth of 400 meters has returned core widths of almost 70 meters.

- Assays for hole NOT-08-1G17 includes 49.4 meters averaging 39.1% Cr2O3 (27.4% Cr) including anomalous nickel and palladium. Assays from other holes are pending.

EAGLE TWO (AT2 Anomaly)

To date, 23 holes totaling 7,412.9 meters have now been completed at Eagle Two to assess the SHS occurrence discovered by Noront earlier this year (see press release dated February 25, 2008). Drilling continues on this anomaly with two drills. The eight holes with assays reported herein and those completed since the last press release on April 2, 2008 have continued to extend the mineralization containing visible copper-nickel sulphides as well as chromitite beds to vertical depths of 350 meters and 400 meters respectively. Both zones (SHS and chromitite) occupy positions conformable with and near the stratigraphic bottom of a wide Peridotite Sill (that defines part of the Ring of Fire) which in turn unconformably overlies a Granodiorite older basement rock. Assays are pending for many of the new holes.

CHROME POTENTIAL AT EAGLE TWO

Of similar importance being encountered in the Eagle Two delineation drilling program is the intersection of wide intervals of massive chromite mineralization conformably lying within close distance (average 30 - 50 meters below the shear hosted sulphides but at a stratigraphic position above the SHS and within the overturned Peridotite Sill (that partially defines the Ring of Fire). To date, (including up to hole NOT-08-1G31) Chromitite has been intersected from UTM section 5841950 north to 5842100 north over a strike length of 150 meters. It has been traced by drilling from near surface to over 400 meters vertically below surface with core widths varying up to 69.2 meters. Additional varying widths of intermittent chromitite beds occur adjacent to and on both sides of the massive chromitite. Assays pertaining to chrome content are pending.

Dr James Mungall, (Associate Professor at the University of Toronto), consulting geologist to Noront in the McFaulds Lake area, recently visited the project area and reports the following from his observations of drill core at Eagle Two and his resulting laboratory determinations at the University of Toronto.

"Chromitite seams have been intersected in several diamond drill holes into the AT2 target area southwest of the Eagle One magmatic massive sulphide deposit. The chromitite seams occur as steeply dipping stratiform layers with down dip extent of at least 500 metres and strike length of at least 150 metres. The chromitites vary from narrow seams, centimetres thick to massive beds of chromite orthocumulate greater than 20 metres in true thickness. Massive chromitite at AT2 consists of 60 to 90% euhedral chromite grains up to 1 mm in size surrounded by a matrix of talc, chlorite, serpentine, and stichtite, a hydrated magnesium chromium carbonate mineral. The host rock is metadunite and metaperidotite that has been altered to talc and carbonate and is relatively undeformed close to the chromitites. Preliminary petrographic work indicates that the chromite is generally fresh and unaltered. Wavelength dispersive electron microprobe analysis of 90 individual chromite grains in samples from holes NOT-08-1G3 (134 m) and NOT-08-1G20 (247 m) show that the compositions of the chromite grains show little variability around an average value of 51.9 weight percent Cr2O3 (standard deviation of 0.98 weight percent), equivalent to 35.5 weight percent Cr, with Cr/Fe weight ratios between 1.6 and 1.8 and averaging 1.72. Further petrographic and electron microprobe work is underway to establish the consistency of these grades throughout the deposit. Whole-rock assay data is pending for all of the chromitite intersected to date."

Assaying for chrome involves several steps. All samples from the project undergo multi-element analysis by either of the two labs currently working on the project. At SGS, the samples undergo ICP40B multi-element analysis that utilizes 4 acid total digestion prior to the analysis; the result for all 40 elements is provided in parts per million. Similarly at Actlabs, the samples initially undergo four acid total digestion followed by ICP analysis (TD-ICP); the end result is provided in parts per million. (For details on this initial assay methodology, please visit the websites for the two labs www.SGS.com or www.actlabs.com). For those samples where assays are greater than 10,000 parts per million for chrome (elemental Cr), the sample undergoes additional analysis to determine the higher concentration levels. Noront has selected Actlabs to provide the higher grade analysis, where the sample undergoes further analysis using INAA methodology that provides a more accurate total chrome content addressing the chrome content that is bound to the silicates in the rock. The chrome content is typically provided as the compound Cr2O3 as well as the element Cr. The following table provides the initial assay data for one of the massive chromite layers as seen in hole NOT-08-1G17, This is the first hole that complete assays for chrome have been received, providing the total chrome and Cr2O3 content over a 49.4 meter interval. The rest of the assays for chromite on additional holes are pending.




AT2 CHROME ASSAYED INTERVAL

----------------------------------------------------------------------------
Hole Ni Pt Pd
ID from to int (%) (g/t) (g/t) Cr% Cr2O3 % Fe %
----------------------------------------------------------------------------
(m) (m) (m) ICP90Q FAI323 FAI323 INAA INAA INAA
----------------------------------------------------------------------------

----------------------------------------------------------------------------
NOT-08-1G17 192.1 241.5 49.4 0.14 0.04 0.12 27.4 39.1 11.1
----------------------------------------------------------------------------


This assayed sample interval is not considered to be a true width as the attitude of the chromite beds have not been fully determined.

Management believes that the recent drill hole results, with the presence of visible copper - nickel sulphide and chromite mineralization being observed by the geologists on site is very encouraging, and could be of significant importance for Noront, if the assays pending are favourable. Notwithstanding the foregoing, visual observations are estimates only and pending assay results may not confirm visual observations in whole or in part.

The following table presents the visual details of the holes recently drilled where Chromitite beds were intersected in close proximity to the sulphide mineralization at Eagle Two:

SUMMARY OF RECENT DRILLING EAGLE TWO (chromite intersections only; not true width. For sulphide intervals, refer to earlier press release dated April 2, 2008 as well as press release issued earlier today (May 27, 2008)




----------------------------------------------------------------------------
Hole North- East- North- East- azi- Len- Mineral-
ID ing ing ing ing muth dip gth ization
----------------------------------------------------------------------------
(local) (local) UTM UTM (deg.) (deg.) (m) from - to
(m) (m) (m) (m) (tenure
of chromite)
----------------------------------------------------------------------------
NOT-08-1G17 680 N 3225 E 5842008 546177 0 -90 267 192.1 - 241.5
(massive Cr)
----------------------------------------------------------------------------

----------------------------------------------------------------------------
NOT-08-1G20 680 N 3200 E 5841990 546155 0 -90 288 246.5 - 285.6
(Cr beds)
----------------------------------------------------------------------------

----------------------------------------------------------------------------
NOT-08-1G24 725 N 3200 E 5842025 546125 0 -90 372 295.8 - 312.1
(int. Cr beds)
----------------------------------------------------------------------------
312.1 - 368.2
(massive Cr)
--------------

----------------------------------------------------------------------------
NOT-08-1G25 725 N 3175 E 5842025 546100 0 -90 447 372.0 - 386.0
(int. Cr beds)
----------------------------------------------------------------------------
386.0 - 417.0
(massive Cr)
--------------

----------------------------------------------------------------------------
NOT-08-1G28 785 N 3215 E 5842062 546100 0 -90 432 353.3 - 364.5
(int. Cr beds)
----------------------------------------------------------------------------
364.5 - 413.0
(massive Cr)
--------------
413.0 - 424.0
(int. Cr beds)
--------------

----------------------------------------------------------------------------
NOT-08-1G31 835 N 3237 E 5842100 546100 0 -90 453 336.7 - 341.6
(int. Cr beds)
----------------------------------------------------------------------------
341.6 - 410.8
(massive Cr)
--------------

----------------------------------------------------------------------------
NOT-08-1G32 769 N 3140 E 5842025 546050 0 -90 594 494.0 - 494.1
(Cr bed)
----------------------------------------------------------------------------

For the above table:

Cr refers to chromite mineralization
Int. refers to intermittent
Semi-massive or massive refers to tenure of visual chromite mineralization


ON SITE QUALITY ASSURANCE / QUALITY CONTROL MEASURES

The aforementioned assay and sample information, as well as geological descriptions are taken from drill logs as prepared by the Project geologists for the drill program onsite. Billiken Management Services Inc. is providing all services on site for the Noront Double Eagle Project., Billiken is a holder of Certificate of Authorization issued by the Association of Professional Geoscientists of Ontario. All samples from the early part of the 2008 exploration program were submitted to SGS Mineral Services in Toronto, Ontario. Samples were selected in the field under the supervision of the site geologist, then were cut by diamond saw. One half of the sample is retained for record at the base camp, the other half of the sample was placed in a plastic bag and individually sealed. The sealed bags are then placed in durable rice bags in batches of 5 and a numbered security tag seals each rice bag. The rice bags are placed in plastic pails and batches of 40 samples were sent by bonded courier to SGS Mineral Services in Toronto, Ontario or Actlabs in Ancaster, Ontario.

INDEPENDENT QUALITY CONTROL AND ANALYTICAL PROTOCOL

A thorough quality control program was implemented for the Double Eagle project which included grouping samples into batches of 35 into which was added 2 certified reference material standards, 2 field blanks comprised of sterile drill core, and a field duplicate. It can be said with confidence that all assays as reported in this Press Release have passed the strict quality control guidelines as set out by an Independent Qualified Person ("IQP").

Drilling results in this press release have been reviewed of Noront's senior management including Neil Novak P.Geo., a director and Vice President-Exploration and John Harvey P.Eng., Executive Vice President of Noront, being Qualified Persons under Canadian Securities guidelines.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,493,883 shares issued to date.

Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS:

R. Nemis, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



Contact:
Richard Nemis
Noront Resources Ltd.
President and Chief Executive Officer
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.norontresources.com

[powertecc]

Bei dem Kurs fällt mir die Fresse zu Boden und klatscht dort deutlich hörbar auf.

[mike32]

http://biz.yahoo.com/ccn/080603/200806030465967001.html?.v=1



Probe Announces Discussions With Noront Resources Inc. and Mobilization of Drilling ProgramTuesday June 3, 8:00 am ET


TORONTO, ONTARIO--(Marketwire - June 3, 2008) - The Directors of PROBE MINES LIMITED (TSX VENTURE:PRB - News; "Probe") would like to announce that the Company is engaged in ongoing discussions with Noront Resources Inc. Noront owns the Eagle #1 Discovery, located on ground previously held by Condor Diamond Corp. and Greenstone Exploration Company Ltd., immediately south of Probe's 100%-owned McFauld's West property. Probe and Noront are reviewing their ownership interests in these lands, the historical work undertaken by each company on these properties, and the history of their contractual arrangements to determine an optimal strategy for the ownership, exploration and development of these lands that is consistent with the long term interests of both companies. These discussions are ongoing, and it is not possible to determine the nature or outcome of such discussions at this time. Specific developments will be announced by press release. It cannot be presumed that such discussions will lead to a particular outcome, or an outcome which is beneficial or detrimental to either company.
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In light of these discussions, the drilling program scheduled to commence on the McFauld's West property is being postponed and the Company is implementing an expanded drill program on its Victory Project. The program, which has already begun mobilizing (drilling is expected to commence on June 7th), will focus on conductors identified in an AeroTEM III airborne survey completed in March 2008 covering the entire project. The survey has delineated more than 60 bedrock conductors on the properties, many of which are coincident with isolated magnetic anomalies and are similar to that associated with the Eagle One nickel discovery. A number of new volcanogenic massive sulphide (VMS) targets have also been identified, and the drilling will focus on both nickel and VMS targets.

Past drilling on the Victory project focused on volcanogenic massive sulphide (VMS) targets. Owing to the discovery of high-grade nickel mineralization in the McFauld's Belt, the Company undertook the 1,500 line kilometer AeroTEM III survey in order to provide deeper penetrating and higher resolution geophysical data, which will bring all of the conductors to drill readiness. The survey was also designed to identify new conductors, which could be included in the drilling program. The program was successful in all respects, identifying many new priority conductors and a reevaluation of the Victory Belt data is encouraging indicating the potential for the area to host both nickel and VMS mineralization.

Probe has contracted a 3000m program with Norex Drilling of Timmins to explore its McFauld's Lake area properties through the summer field season. Results on the drilling will be released when available.

About the Victory Project

The Victory property comprises 484 claims covering 7,744 hectares within a 60 kilometre-long greenstone belt associated with the McFauld's Lake Belt. In 2005 Probe Mines flew the first airborne survey over the Victory volcanics and acquired all of the priority bedrock conductors. Recent exploration activity in the area has resulted in increased staking in the area of the Victory claims, with the result that most of Probe's blocks are enclosed by other companies and now central to a developing play.

About Probe Mines:

Probe Mines Limited is a Canadian base and precious metal exploration company with a portfolio of highly prospective mineral properties. The Company is currently focused on the McFauld's Lake area where it owns 931 claims covering almost 15,000 hectares. This includes a 100% interest in the McFauld's West Project, comprised of 12 claims (192 hectares) situated less than 450 metres from the site of Noront's significant new nickel-copper discovery, representing one of the closest properties to the discovery. Probe currently has joint venture agreements on its Bristol Township gold project (West Timmins Mining Inc.) and Tamarack base metal project (Mantis Mineral Corp.). The Bristol Project is adjacent to the million-plus ounce gold deposit owned by Lake Shore Gold Corp., which has recently announced a positive pre-feasibility study for the project. Probe also maintains a 5% net smelter royalty on a portion of Agnico Eagle's Goldex Mine near Val d'Or, Quebec, slated for production in 2008. The company's shares trade on the TSX Venture Exchange under the symbol PRB.

Investors are invited to visit the Probe Mines IR Hub at http://www.agoracom.com/IR/Probemines where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

David Palmer, Ph.D., P.Geo., is the qualified person for all technical information in this release. To find out more about Probe Mines Limited, visit our website at www.probemines.com.

Forward-Looking Statements

This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Probe, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from Probe's expectations are exploration risks detailed herein and from time to time in the filings made by Probe with securities regulators.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.



Contact:
Patrick Reid
Probe Mines Limited
Chairman
[phone]

David Palmer, Ph.D.
Probe Mines Limited
President
[phone]

Karen Willoughby
Probe Mines Limited
Investor Relations
1-866-365-4724
Website: www.probemines.com

[KNORPEL]

Press Release Source: Noront Resources Ltd.

Noront Provides Corporate Update

Friday June 6, 5:19 pm ET

TORONTO, ONTARIO--(Marketwire - June 6, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT - News) is pleased to report that it is continuing with its drilling and other exploration activities in the McFaulds Lake area of northern Ontario in the James Bay Lowlands and has also been furthering its corporate development objectives. Accordingly, Noront wishes to present the following report on its corporate activities.
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CORPORATE UPDATE

Further to its appointment of JPMorgan Securities Inc. and IBK Capital Corp. as its financial advisors last year, Noront is continuing to identify companies who may be interested in becoming a strategic partner with Noront to assist it in developing its Double Eagle project. Noront is currently in preliminary discussions with a number of such candidates. There can be no assurance that such discussions will continue or will result in the successful conclusion of a transaction involving Noront and any other person.

Noront has also been assigned by WSR Gold Inc. ("WSR"), the option to earn a 35% interest in the property located in the James Bay lowlands (the "Golden Valley Property") owned by Golden Valley Mines Ltd. ("Golden Valley"). WSR has entered into a letter of intent with Golden Valley whereby it has the option to earn a 70% interest in the Golden Valley Property (the "Option"), and Noront can earn half of WSR's interest in the Golden Valley Property as further described below.

In order to acquire its 35% interests in the Property, Noront will be required to make payments to Golden Valley totaling $175,000 (or $350,000 in the aggregate with the payments from WSR), payable in cash and/or by the issuance of common shares of WSR (and Noront) upon the later of the execution of a definitive option agreement, or the receipt of approval from the TSX Venture Exchange. The number of shares, if any, to be issued by Noront (and WSR) as consideration for the Option will be equal to the dollar amount of the total consideration that Golden Valley elects to receive in shares divided by the ten day volume weighted average price of such shares for the ten trading day period immediately preceding the date on which a press release is issued announcing a definitive option agreement amongst WSR, Noront and Golden Valley. In addition to these payments, WSR and Noront will also be required to incur aggregate exploration expenditures on the Property of at least $5,000,000 over a three year period (of which $1,000,000 must be expended in the first year).

Upon WSR and Noront earning their collective 70% interest in the Property, WSR, Noront and Golden Valley shall enter into a joint venture agreement. The Joint Venture Agreement will require WSR and Noront to fund all project costs up to the start of commercial production from the Property. Following the commencement of commercial production, any cash flow after payment of operating expenses and third party financing costs will be distributed to Noront and WSR until such time as the aggregate of their project costs, including interest, up to the commencement of commercial production have been repaid, following which such cash flow shall be distributed to the parties on a pro rata basis.

The transaction remains subject to the approval of the TSX Venture Exchange and execution of the definitive option agreement.

In order to continue the development of Noront's assets and strategically enhance the value of the company to shareholders, the Board of Directors as well as Management of Noront has, over recent months, shouldered increasing responsibilities commensurate with the growth of the company. As such, the board of directors of Noront has been working to identify persons who could add their talents to the board of directors. In that regard, Noront is pleased to welcome Mr. Paul Parisotto as an independent member of the Board of Directors.

Mr. Parisotto is currently President and Chief Executive Officer of Arizona Star Resource Corp., which was acquired by Barrick Gold Corporation for $773 million and Blacksands Petroleum, Inc., a publicly traded US company focused on the acquisition, exploration and development of conventional and unconventional oil in western Canada. Blacksands owns a 75% interest in Access Energy, a private company of which Mr. Parisotto is also President and Chief Executive officer.

Mr. Parisotto has been President of Coniston Investment Corp. from October 1999 to the present. Coniston is a private firm specializing in providing investment banking services including the raising of equity and debt and providing mergers and acquisitions advisory services to small market capitalization companies which are either private or public. Prior to these current responsibilities, Mr. Parisotto was Manager, Original Listings at The Toronto Stock Exchange from 1985 to 1994. During his tenure at the TSE he was involved in the listing process for over 250 companies. He has also been Senior Vice-President, Corporate Finance for Marleau, Lemire Securities Inc. from January 1995 to January 1998 and was Vice-President and Director, Investment Banking for HSBC Securities (Canada) Inc. from March 1998 to June 1999. He was also director of Nevada Pacific Gold Ltd., a public company acquired by US Gold Inc. in a share exchange take over bid for over $100 million.

As well, the Board of Directors of Noront has been working to restructure the management of Noront as follows, to better reflect the duties being performed by existing management:

Mr. Richard Nemis, LL. B. continues in his role as President and Chief Executive Officer of Noront, an office he has held since 1980. Mr. Nemis was also president and CEO of Central Crude Ltd. until its merger to become River Gold Mines Inc. During the period in which Mr. Nemis was its President, Central Crude and instrumental in the development of two gold deposits, namely the Eagle River deposit near Mishibishu Lake (south of Hemlo, Ontario), currently operated by River Gold Mines Ltd. (changed name to Wesdome Gold Mines Ltd.), and the Moss Lake gold deposit near Thunder Bay area, Ontario.

Mr. Nemis during his career worked with Noble Harbinson, and was associated with a number of the Harbinson group of companies, including, Consolidated Durham Mines Ltd., Dominion Explorers Ltd., and Noble Mines and Oils. Mr. Nemis currently is a senior member and part owner of the largest structural steel firm in northern Ontario, Noront Steel, operating since 1946 headquartered in Sudbury, Ontario. In addition to Noront, Mr. Nemis is also a director of the following junior resource companies: Tribute Minerals Inc. and Goldeye Explorations Limited.

Mr. John Harvey, (P.Eng.), formerly Executive Vice President of Noront, has been appointed Chief Operating Officer of Noront.

Mr. Harvey worked with Noranda Inc. from the early 1960s and was President of Noranda Exploration from 1982 until his early retirement in 1994. He was also President of Hemlo Gold Mines from 1989 until 1992. Before Noranda, Mr. Harvey was VP - Exploration for Mattagami Lake Mines which merged with Noranda in 1982.

Mr. Harvey is actively involved with the McFaulds Lake Base Metal Camp through his affiliation with Noront Resources Ltd., as well as a board member of the following Ring of Fire companies; Tribute Minerals Inc., Canadian Ore Bodies Inc., Freewest Resources Canada Inc. and GoldEye Explorations Ltd.

Mr. Neil D. Novak, (P.Geo.), originally joined the Board of Noront in 2001 and was appointed VP Exploration in November 2007. In recognition of his long-standing relationship with Aboriginal peoples throughout his career, Neil Novak has been appointed Vice-President Corporate and Aboriginal Affairs for Noront. Mr. Novak's professional experience has spanned exploration projects in uranium, gold, diamonds and other precious metals, as well as base metals.

Mr. Novak started his career as project geologist for the Canadian operations of Australian based uranium explorer Pancontinental Mining Ltd. between 1977 and 1983. In 1983 he left Pancontinental and formed a private consulting company, Nominex Ltd., and as managing director of Nominex, Mr. Novak became involved with and managed various North American and International exploration assignments, including base metal and diamond projects in the James Bay Lowlands of Northern Ontario, in the area now known as the "Ring of Fire". Mr. Novak helped form (in 1992) and eventually became an active board member and senior officer of Spider Resources Inc., in 1995 and remained as such through to early 1999. Neil was re-elected to the Board of Spider in September 1999, and was appointed President and CEO of Spider in June 2005.

In addition to being a board member of Noront and Spider, Mr. Novak is a member of the board of directors of other public companies including Simberi Mining Corporation, and Cadillac Ventures Inc.

David Graham, (B.Sc.), joined the board of Noront in December 2006, and has been appointed Vice-President, Special Projects for Noront. In 1986 Mr. Graham became President of R. Bruce Graham and Associates Ltd. a mining consulting firm that has served the mineral industry since 1956.

Mr. Graham has over twenty five years of experience in the industry and has served as a director and manager of a number of private and public natural resource and mining concerns. His relevant experience has been in the fields of base and precious metals, uranium and industrial minerals and materials. Mr. Graham has worked in Canada, the United States, Scandinavia and Africa.

In addition to the foregoing appointments, Noront is currently in discussions with certain individuals to add to the management team of the company, and expects to be in a position to announce additional appointments shortly.

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,493,883 shares issued to date.

===>>>http://biz.yahoo.com/ccn/080606/200806060467022001.html?.v=1


Gruß KNRPEL

[Fantomas96]

NORONT FINDET "SICHTBARES GOLD" IN WINDFALL RAMPE


http://biz.yahoo.com/ccn/080626/200806260471166001.html?.v=1


Noront Resources Ltd.: Windfall Project Underground Exploration Update
Thursday June 26, 4:18 pm ET
"VISIBLE GOLD ENCOUNTERED IN RAMP"


TORONTO, ONTARIO--(Marketwire - June 26, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT - News) -


WINDFALL LAKE, URBAN TOWNSHIP; QUEBEC

Noront is pleased to report that its geologists on site report significant occurrences of visible gold at Windfall Lake; both in mineralized muck and in situ on the ramp wall on the westerly extension of the F-17 zone. The gold observed in the ramp wall was initially thought to be a thin plate extending over an irregular area measuring 1 cm by 2 cm. Upon removal for safekeeping, gold was found to form a film or mesh, permeating the host rock and exposed on broken surfaces for areas up to 8 x 10 cm.

An image of the sample from the ramp with appropriate scale bar, has been posted on Noront's website: http://www.norontresources.com/projects/windfall-lake/windfa…

Noront is earning a 50% interest in the subject property, where the F-17 zone is located, from Murgor Resources Inc. ("Murgor") and Freewest Resources Canada Inc. ("Freewest") by spending $4.0 million in total. Noront can earn an additional 10% interest, for a total 60% interest in the project by providing a positive feasibility study on the project (see press release dated February 5, 2007). Noront has 100% interest in the adjacent claim group to the south and southwest where other gold zones targeted by the ramp are located.

The Windfall Property has previously reported excellent gold grades in both surface sampling and diamond drilling during exploration leading up to the present program. Based only on surface exploration, it has been difficult to combine drill intersections into continuous zones that may be amenable to development. The current underground programme is designed to recover bulk samples from several well-mineralized areas of which F-17 is the first to be reached.

The visible gold is hosted by a silicified, pyritic volcanic rock which forms the immediate hanging wall of a quartz breccia unit. The gold forms irregular plates that form part of the matrix in the granular-looking host rock. The gold occurrences reported herein are not expected to be representative of the gold mineralization at Windfall Lake overall.

The F-17 zone was discovered in 2004 and intensively drilled (4,800 m in 40 holes) in 2004. A further 16 holes (approx. 1,500 m) were drilled during the last three years. On March 18, 2008 Noront reported 143.3 g/t (4.18 opt) over 3.11 m(10.6 ft) between 9.73 and 12.95 m in NOT-07-175, a geotechnical hole situated approx. 70 m east of and approx. 35 m above the main ramp. Hole WIN-05-85 reports 3.8 g/t over 3 m approx. 10 m below the location of the visible gold. Two other holes (WIN-05-53 and NOT-07-114) report low grade intervals below WIN-05-85 but within 25 m of the visible gold occurrence on or in the projected hanging wall of the zone.

This encouraging discovery is an endorsement of the underground programme which was predicated on the assumption that surface diamond drilling was not adequately sampling the observed mineralization due to its non-continuous nature.

The mining contractor has been instructed to drive ore drifts short distances on F-17, both east and west of the ramp before advancing the ramp towards the NOT-06-100 area. The mining contractor operates under geological control during the approach to, traverse of, and drifting in mineralized zones. A variety of samples are taken to provide an initial estimate of grade, which will be reported upon when assays are received from the laboratory. Mineralized and partially mineralized rounds (approx. 200 t) are individually placed on a purpose-built "ore" dump under the direction of the geological team.

Mr. Nemis, President and CEO of Noront states "The Windfall Lake gold project in Quebec with the exciting gold samples encountered during our underground exploration program as reported upon herein is one of two main projects on which Noront is working at present. The other main project is the Double Eagle polymetallic project in northern Ontario, where impressive nickel, copper, platinum, palladium and chrome mineralization has been identified by drilling. Two diamond drills are continuing to delineate the Eagle Two Copper-Nickel-Chromite mineralization and one drill is testing other geophysical targets. We will be providing an exploration update on the Dougle Eagle project shortly."

Patrick Chance, P.Eng and John Harvey, P.Eng. are supervising the Windfall program on behalf of Noront. Bob Bryce of Abiting Inc. and Tracy Armstrong, P.Geo., of P&E Mining Consultants are consultants to the project, have reviewed the contents of this press release and are resident Qualified Persons from Quebec.

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,804,783 shares issued to date.

Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.



Contact:
Richard Nemis
Noront Resources Ltd.
President and Chief Executive Officer
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.norontresources.com

Email: [e-mail]
AGORACOM Investor Relations
Website: www.agoracom.com/ir/noront


--------------------------------------------------------------------------------
Source: Noront Resources Ltd.

[Fantomas96]

[Boersenkrieger]

Antwort auf Beitrag Nr.: 34.385.619 von Fantomas96 am 26.06.08 23:06:26

Fantomas96 willkommen zurück

hätt jetzt heute nachbörslich gar nicht mehr reingeschaut... danke.
(der markt war anstrengend heute)

[Fantomas96]

3-D Video der Windfall-Rampe und der verschiedenen Goldzonen auf 50% MGR/FWR Gebiet (F-11 & F-17) und 100% Noront Claims (W2 bis W8):


http://www.norontresources.com/projects/windfall-lake/Windfa…


FANTOMAS

[Fantomas96]

Und hier die 2-D Darstellung mit dem Fortschritt der Rampe (Stand 26.06.08):





FANTOMAS

[Fantomas96]

UNd abschließend noch ein paar Drill-Ergebnisse aus den verschiedenen Zonen (F-17 sieht noch vielversprechender aus als F-11):

Past results from Zone F-17 include:

DDH BEST RESULT
--- -----------
98-04 15.10 g/t Au over 1.20 m.
05-19 59.07 g/t Au over 1.00 m.
05-20 10.46 g/t Au over 11.00m.
05-21 9.32 g/t Au over 11.00m.
05-22 16.56 g/t Au over 3.00 m.
05-28 21.65 g/t Au over 2.00 m.
05-48 8.89 g/t Au over 11.00m.
05-52 7.24 g/t Au over 9.00 m.
05-53 5.78 g/t Au over 4.50 m.
05-79 15.97 g/t Au over 7.60 m.

Past results from Zone F-11 include:

DDH or Channel BEST RESULT
-------------- -----------
Channel 40.82 g/t Au over 5.90 m.
Channel 85.80 g/t Au over 4.00 m.
04-02 8.34 g/t Au over 3.50 m.
05-30 11.91 g/t Au over 17.00m.
05-34 8.18 g/t Au over 3.00 m.
05-72 8.22 g/t Au over 2.00 m.


http://biz.yahoo.com/cnw/080627/murgor_oprtns_summary.html?.…

FANTOMAS

[mike32]

http://www.norontresources.com/projects/double-eagle/index.h…


Double Eagle Project Profile

Location:

McFaulds Lake, James Bay Lowlands in north-eastern Ontario, Canada

Minerals:

Nickel, copper, platinum and palladium

Summary:
In September 2007, Noront discovered high grade nickel, copper, platinum, palladium, and, more recently, indications of rhodium, in drill core over significant widths on its Double Eagle property in north-eastern Ontario, Canada.

Publicly released drill results since the discovery have helped define and expand a mineralized zone that remains open to the south and at depth. The last several months have seen the Double Eagle project gain favourable momentum as drill results continue to add to the potential of this discovery (see Double Eagle Drill Plan).

To date, Noront has completed 5,047 meters of diamond drilling in 27 drill holes. Current drill results include 117 meters grading 4.1% nickel, 2.2% copper, 2.1 grams per tonne platinum, and 7.1 grams per tonne palladium beginning 7 meters below the surface. This type of grassroots discovery of high grade mineralization is rare, especially when found close to the surface (see Double Eagle Assay Summary).

Geological consultant Jim Mungall, Ph.D, Associate Professor from the University of Toronto, visited the Double Eagle project in November. "The large amounts of sulfide and of ultramafic cumulate make it absolutely clear that the Eagle One deposit has formed in a magmatic conduit. No magma could have carried the observed amount of sulfide in solution; therefore the sulfides have been left behind by a through-going volume of magma much greater than what presently remains in the intrusion. If the intrusion is accepted to be a conduit then it must be continuous over considerable distances likely measurable in kilometres."

Noront has actively staked ground in the area since the discovery and currently holds 100% of over 41,000 hectares of prospective ground on the "Ring of Fire", a geological region of the James Bay Lowlands that management believes to be the next large base metal camp in Canada.



gruss mike

[ArminiusD]

Eagle One lands Noront 'good start' for mine
Nickel-Copper Find

Peter Koven, Financial Post
Published: Saturday, July 05, 2008


Industry experts are calling the first resource estimate from Noront Resources Ltd.' s Eagle One discovery a "good start," but will be watching for much more action in the months ahead to determine the future of the heavily hyped project.

Noront's initial resource for Eagle One was hotly anticipated, because the high-grade nickel-copper discovery ranks among the most promising Canada has seen in years. It triggered a big staking rush in the McFauld's Lake region in Northern Ontario last year that became the hottest topic in the junior mining world (the area is now known as the "Ring of Fire").

Noront reported an indicated and inferred resource from Eagle One yesterday of nearly three million tonnes of ore with an average grade of over 2% nickel. That includes smaller sections of about 200,000 tonnes grading more than 6.5% nickel.

While those grades are excellent, experts said this discovery on its own is not nearly big enough to justify building a mine at McFauld's Lake, especially since the remote area has no roads or power.

"Right now, they've got to expand very significantly to make this viable. It's a good starting point, but it needs a lot more work," said Dave Davidson, an analyst at Paradigm Capital.
However, the resource was also largely what investors expected. Eagle One is a very high-grade discovery, but it is relatively small.

To open up the area for potential mining, experts said it is likely a big discovery will have to be made. To date, there has been very little drilling by most of the junior companies in the region, and the Ring of Fire has lost momentum with investors.

The companies are finally going to ramp up drilling in the coming months, so the next round of results will be watched very closely. Geologists have pointed out that small deposits such as Eagle One are usually accompanied by much bigger ones.

"In my opinion, [the Eagle One resource] is just kind of a warm-up," said Warren Irwin, president of Rosseau Asset Management, which is a big investor in the Ring of Fire.

"The money's all raised and the companies all going to be out there aggressively spending it. And there are some great targets out there. All you need is the one big target to convince everyone that it will be the start of a new mining camp."

One advantage Noront has is that some of the ore from Eagle One is so high-grade it could potentially be shipped directly to a smelter in Sudbury without having to process it. Then the company could use the cash generated from that to build a concentrator at the site.

Noront shares were halted throughout the day and will resume trading next week.

[e-mail]

[Blanca_die_Haesin]

Passport options 50% of Inner North Rim from Noront

2008-07-09 09:43 ET - News Release

See News Release (C-PPI) Passport Metals Inc

Mr. Richard Hunter of Passport reports

PASSPORT METALS INC ACQUIRES PROPERTY IN THE "RING OF FIRE" AREA, ONTARIO THROUGH AN OPTION AGREEMENT WITH NORONT RESOURCES LTD.

Passport Metals Inc. has signed a option agreement with Noront Resources Ltd. to acquire a 50-per-cent legal and beneficial interest in the Inner North Rim property, consisting of 4.5 claims, or 72 units, totalling approximately 2,850 acres. The Inner Rim property lies in the McFaulds Lake ares of the James Bay lowlands, within the Ring of Fire. Inner Rim is located approximately 60 kilometres northwest of Noront's Eagle One copper-nickel-PGM discovery and only six kilometres west-southwest of the recently announced sulphide mineralization discovered by Metalex Ventures Ltd., WSR Gold Inc. and Arctic Star Diamond Corp.

Noront Resources intersected magmatic copper-nickel-PGM mineralization including a diamond drill intersection of 117 metres grading 4.1 per cent nickel, 2.2 per cent copper, 2.1 grams per tonne platinum and 7.13 grams per tonne palladium on its Eagle One project. The Metalex Ventures Ltd., WSR Gold Inc. and Arctic Star Diamond Corp. joint venture, reported significant widths of volcanic-derived sulphides (VDS) mineralization in several drill holes in their news in Stockwatch dated June 16, 2008. Assays are pending for these mineral intersections.

[Fantomas96]

Noront Announces New Cu-Ni Occurrence at Anomaly AT12
Thursday July 17, 4:26 pm ET

PROVIDES UPDATE ON OTHER DOUBLE EAGLE DRILLING PROJECTS


TORONTO, ONTARIO--(Marketwire - July 17, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT - News) wishes to present the following update on its exploration activities in the McFaulds Lake area of northern Ontario in the James Bay Lowlands,

EXPLORATION HIGHLIGHTS

1) Two drill holes completed thus far on Anomaly AT12 have returned encouraging widths of visual copper-nickel-iron sulphide mineralization up to 29.2 meters in MMS style Cu-Ni mineralization in peridotite host rock. Assays are pending.

2) Latest drilling at Anomaly AT2 (Eagle Two), continues to probe deeper and delineate copper - nickel mineralization in a shear hosted sulphide setting (Eagle Two SHS Occurrence) now delineated down to a vertical depth of 580 meters along a strike length of 200 meters.

3) Assay results received from five holes (see Table 1) from Eagle Two with the most significant intersection being 6.2 meters from 165.0 meters onwards, averaging 1.14% nickel and 0.52 g/t Total Precious Metals ("TPM" see table below).

4) Noront now controls and holds interests in 1,166 square kilometers of prospective land in the Ring of Fire exploration area.

The anomaly drilling program on the Double Eagle Project continues with two drills testing the Eagle Two (AT2 airborne anomaly) downward extent of a copper-nickel sulphide mineralization in a Shear Hosted Sulphide ("SHS") environment, as well as layered chromite ("LC") mineralization in a peridotite intrusive geological environment, now referred to as "Blackbird One" so as to distinguish this site from the Eagle Two occurrence. Information on the Blackbird One chrome occurrence will be the subject of a separate release.

A third drill is testing other nearby airborne identified geophysical anomalies that have been upgraded to drill targets as a result of ground geophysical surveys and geological review, all within the geophysically interpreted northeast extension of the Ring of Fire Intrusive ("RFI").

The drill assigned to testing anomalies has recently been moved to Grid 2 to test anomaly AT12, located approximately 9.5 kilometers to the northeast of the Eagle One Magmatic Massive Sulphide ("MMS") deposit.

As previously announced (see press release dated July 4, 2008) Eagle One hosts an Indicated resource of 1.83 million tonnes averaging 1.96% nickel, 1.18% copper, 1.12 g/t Pt, 3.91 g/t Pd, as well as an Inferred resource of 1.09 million tonnes averaging 2.39% nickel, 1.27% copper, 1.37 g/t Pt and 4.5 g/t Pd.

AT12 Anomaly

The AT12 airborne anomaly is located approximately 9.5 kilometers northeast of the Eagle One Deposit. Drill testing has commenced on the north end of this long, northeast-southwesterly striking strong coincident magnetic - conductive target. Two drill holes completed to date have encountered encouraging widths of intermittent disseminated and semi-massive copper-nickel-iron sulphide mineralization which have been visually observed over widths up to 29.2 meters. The two drill holes were collared in cumulative-textured peridotite with the sulphide mineralization being encountered near the base of the ultramafic intrusive before the holes entered granodiorite basement rock. The two holes completed to date with a third hole underway are tabulated below with Local Grid and UTM collar coordinates and a visual description of mineralization encountered. Assays for this new sulphide discovery are pending, and these results are based on visual observations only. Notwithstanding the foregoing, visual observations are estimates only and pending assay results may not confirm visual observations in whole or in part.




TABLE 1: Location of Anomaly AT12 Drill Holes and Visually Observed
Mineralization

----------------------------------------------------------------------------
Hole ID North- East- North- East- Azi- Dip Len- Minerali-
ing ing ing ing muth (deg- gth zation
local local UTM UTM (deg- rees) (m) (meters)
(m) (m) (m) (m) rees)
----------------------------------------------------------------------------
NOT-08-
2G01 4000 1575 5850735 553772 295 -50 240 95.85 - 99.58
semi-massive po,
pn, cpy
99.58 - 122.84
disseminated
sulphides
122.84 - 129.5
intermittent
disseminated
and semi-massive
po, pn, cpy
139.5 - 169.0
minor sulphides
----------------------------------------------------------------------------
NOT-08-
2G02 4000 1575 5850735 553772 295 -70 308 147.0 - 213.0
disseminated
sulphides
213.0 - 242.2
intermittent
disseminated
and semi-massive
po, pn, cpy
----------------------------------------------------------------------------
NOT-08-
2G03 5850592 553829 295 -50 in progress
----------------------------------------------------------------------------


The widths contained in Table 1 are not true widths as insufficient drilling has been completed on this occurrence to determine true widths.

EAGLE TWO AND BLACKBIRD ONE OCCURRENCES (AT2 Anomaly)

Noront has a new system of naming new mineral occurrences when they reach a certain level of continuity, size and tenure of mineralization. Nickel, copper occurrences are assigned the name "Eagle". Chromite occurrences are assigned the name "Blackbird". The number assigned to each occurrence type is indicative of the order of discovery. As stated above, the company will issue a separate release on the chrome results. To date, 32 holes totaling 11,719 meters have been completed at the AT2 anomaly to assess the Shear Hosted Sulphide and Layered Chrome occurrences discovered by Noront earlier this year (see earlier press release dated May 27, 2008). Two additional holes are currently underway (Holes NOT-08-1G55 and NOT-08-1G56), continuing to test these targets.

EAGLE TWO Ni-Cu OCCURRENCE

Assays from holes at Eagle Two, that have been received since the last press release (May 27, 2008) are described below (see Table 2). The current drilling has continued to extend the mineralization containing visible copper-nickel sulphides to a vertical depth of 660 meters. The Eagle Two occurrence occupies a position conformable with and near the stratigraphic bottom of a wide Peridotite Sill which in turn unconformably overlies a Granodiorite older basement rock. Assays are pending for the more recent holes. With the interpretation of the new holes at Eagle Two, the SHS zone continues to dip flatly at 50 to 60 degrees to the west and strikes north-south within the Peridotite sill or the "RFI".




TABLE 2: Recently received Significant Assay Results (Eagle Two)

----------------------------------------------------------------------------
Int. Pt TPM
Hole ID From (m) To (m) (m) Cu% Ni% (g/t) Pd (g/t) Au (g/t) (g/t)
----------------------------------------------------------------------------
NOT-08- 142.0 168.6 26.6 0.03 0.27 0.04 0.11 0.05 0.3
1G20
----------------------------------------------------------------------------
Including 154.9 159.0 4.1 0.1 0.73 0.03 0.16 0.06 0.25
----------------------------------------------------------------------------

----------------------------------------------------------------------------
NOT-08- 158.0 174.0 16.0 0.11 0.73 0.04 0.22 0.04 0.3
1G21
----------------------------------------------------------------------------
Including 165.0 171.2 6.2 0.16 1.14 0.07 0.35 0.1 0.52
----------------------------------------------------------------------------

----------------------------------------------------------------------------
NOT-08- 196.5 202.2 5.7 0.14 0.99 0.04 0.39 0.05 0.48
1G22
----------------------------------------------------------------------------

----------------------------------------------------------------------------
NOT-08- No significant assays
1G23
----------------------------------------------------------------------------

----------------------------------------------------------------------------
NOT-08- 216.0 229.3 13.3 0.04 0.31 0.03 0.09 0.02 0.14
1G25
----------------------------------------------------------------------------
Followed by 348.4 374.1 25.7 0.03 0.37 0.08 0.27 0.01 0.36
----------------------------------------------------------------------------


Due to the limited number of drill hole and assay results, true widths are not yet determined for the Eagle Two occurrence.

Assays are pending for the following drill holes recently completed at the AT2 Anomaly site from both the Eagle Two and Blackbird One occurrences. Notwithstanding the foregoing, visual observations are estimates only and pending assay results may not confirm visual observations in whole or in part.




TABLE 3: Summary of Recent Drilling (since last press release,
assays pending)

----------------------------------------------------------------------------
Hole ID North- East- North- East- Azi- Dip Len- Minerali-
ing ing ing ing muth (deg- gth zation
local local UTM UTM (deg- rees) (m) (meters)
(m) (m) (m) (m) rees)
----------------------------------------------------------------------------

NOT-08-
1G42 850 3140 5842062 546000 0 -90 459.7 340.6-352.5
(po, mt, Cu-Ni)
425.4-426.8
semi-massive
----------------------------------------------------------------------------

NOT-08-
1G43 875 3160 5842100 546050 0 -90 630 293.9-302.5
(po, Cu-Ni)
444.2-481.3
(chrome beds)
482.4-496.3
(massive chrome)
----------------------------------------------------------------------------

NOT-08-
1G45 920 3050 5842062 545900 0 -90 357 Lost hole
----------------------------------------------------------------------------

NOT-08-
1G47 827 3300 5842137 546150 0 -90 669 549.1-554.9
(chrome beds)
----------------------------------------------------------------------------

NOT-08-
1G48 867 3225 5842137 546959 0 -90 15 Abandoned
----------------------------------------------------------------------------

NOT-08-
1G49 867 3225 5842137 546050 0 -90 248 No significant
mineralization
----------------------------------------------------------------------------

NOT-08-
1G51 947 3085 5842100 545900 0 -90 645 408.7-410
(po, Cu-Ni)
561.5-565.8
(po,Cu)
----------------------------------------------------------------------------

NOT-08-
1G52 867 3225 5842137 546050 0 -90 708 394-398
(mt, py, po, Cu)
402-406.5
(po, py, Cu)
578.5-579.5
(chrome bed)
----------------------------------------------------------------------------


For all tables:

Cu refers to copper mineralization, typically chalcopyrite (cp)

Ni refers to nickel mineralization, typically pentlandite (pn)

Po refers to pyrrhotite a sulphide mineral

Mt refers to magnetite

Cr refers to chromite mineralization

Semi-massive refers to sulphide mineralization, predominantly po, pn and cp

Drilling continues at Anomaly AT2 with two drills continuing to test the Eagle Two and Blackbird One occurrences.

Other Anomaly Drilling Programs

Ground geophysical surveying is well underway at the Double Eagle project Grid 2 area, as well as other areas. Linecutting followed by ground geophysics has commenced for the numerous options and joint venture properties that are operated by Noront, around the Ring of Fire. Since January 2008, Noront staked many additional claims and continues to acquire additional land by staking and joint venture, all of which are being surveyed by Geotech Ltd's new deep penetrating airborne Time-Domain Electromagnetic ("VTEM") system, over the next few months. This new helicopter mounted system has demonstrable and acceptable conductance discrimination for high conductance targets by using a low frequency (30 Hz), long on-pulse and derived B-Field. Noront has amassed over 48,600 hectares of prospective ground and is in joint venture with several other resource companies on approximately 68,000 hectares. Collectively, Noront holds interest in approximately 116,800 hectares or 1,166 square kilometers of staked land within what management believes is the most favorable exploration area. A third drill has commenced on the Double Eagle Project to test airborne anomalies, all of which have undergone further ground geophysical surveying including AT-5, AT-6, AT-7 (all on Grid One) and AT12 (first anomaly on Grid 2) all east and north of the Eagle One MMS deposit.

AT3 Anomaly

As reported earlier (May 27, 2008) a total of 2,621 meters was drilled in eight holes testing airborne anomaly AT3, located 4 kilometers to the southwest of Eagle One, or two kilometers west of Eagle Two. These holes intersected altered (talc-chlorite alteration) and non-altered strongly magnetic peridotite units that were locally mineralized with disseminated sulphides. The presence of magnetite veinlets and disseminated sulphide mineralization in the peridotite provide some evidence of conductivity and explain the high magnetic signature for this geophysical anomaly. Samples were selected from all visual mineralized sections, and were submitted for multi-element analysis, results from hole NOT-08-1G26 are pending. No significant base metal or precious metal values have been received to date.

AT5 Anomaly

The AT5 anomaly is located approximately 1.1 kilometers east of the Eagle One deposit. This anomaly is described as a 500 meter long, 100 meter wide moderate to strong magnetic anomaly, with weak electromagnetic responses to various airborne and ground geophysical surveys. Two completed holes and one lost hole totaling 675 meters were drilled to test this anomaly as outlined in the following Table.




TABLE 4: Location of Anomaly AT5 Drill Holes

----------------------------------------------------------------------------
Hole ID Northing Easting Northing Easting Azimuth Dip Length
Local (m) Local (m) UTM (m) UTM (m) (degrees) (degrees) (m)
----------------------------------------------------------------------------
NOT-08
-1G41 578 5850 5843714 548161 90 -45 33
----------------------------------------------------------------------------
NOT-08
-1G44 577 5849 5843714 548160 90 -45 351
----------------------------------------------------------------------------
NOT-08
-1G46 577 5849 5843714 548160 90 -65 291
----------------------------------------------------------------------------


The two completed holes encountered granodiorite and peridotite as well as serpentinized dunite. The presence of highly serpentinized dunite and peridotite provides an inconclusive explanation for the cause of the geophysical anomalies detected at this location and more work may be required to explain them. The core samples contained only minor sulphides observed over short intervals.

AT6 Anomaly

The AT6 anomaly is located approximately 2.0 kilometers northeast of the Eagle One deposit. This anomaly is described as a string of electromagnetic anomalies over 450 meters on the southern flank of a prominent magnetic anomaly. Three holes totaling 1,317 meters were completed while testing this anomaly as outlined in the following Table.




TABLE 5: Location of Anomaly AT6 Drill Holes and Mineralization

----------------------------------------------------------------------------
Hole ID North- East- North- East- Azi- Dip Len- Minerali-
ing ing ing ing muth (deg- gth zation
local local UTM UTM (deg- rees) (m) (meters)
(m) (m) (m) (m) rees)
----------------------------------------------------------------------------

NOT-08-
1G50 1025 7100 5844898 548801 0 -90 651 409.8-419.60
stringers
py,po,cpy
----------------------------------------------------------------------------

NOT-08-
1G53 1025 7100 5844898 548801 315 -70 357 270.00-289.62
stringers
py,po,cpy

300.00-302.30
bands py,po,cpy
----------------------------------------------------------------------------

NOT-08-
1G54 1025 7100 5844898 548801 315 -55 309 238.40-254.10
stringers
py,po,cpy
----------------------------------------------------------------------------


All three holes drilled to date on this anomaly have encountered sulphide mineralization that is interpreted to be iron formation style mineralization. Observed mineralization occupies a steeply south-east dipping series of cherty, narrow meta-volcanic beds where pyrite, pyrrhotite and chalcopyrite are present. The mineralized intervals encountered in these holes are being sampled for this respective metal content and assays are pending. No further work is contemplated at present here.

INDEPENDENT QUALITY CONTROL AND ANALYTICAL PROTOCOL

A thorough quality control program has been in effect for the Double Eagle project which includes grouping samples into batches of 35 into which are added 2 certified reference material standards, 2 field blanks comprised of sterile drill core, and a field duplicate. Coarse reject and pulp duplicates also form part of the QC program. Approximately 10% of the samples are sent to a secondary lab as a monitor on the principal lab. It can be said with confidence that all assays as reported in this Press Release have passed the strict quality control guidelines as set out by Noront's an independent Qualified Person ("IQP").

All samples reported upon herein were completed by Activation Labs (Actlabs) of Ancaster, Ontario. The samples submitted to Actlabs were analyzed for multi-elements, including Ni and Cu using a four acid digest followed by ICP-analysis. The samples that received base metal values greater than the upper limit for the method underwent further analysis using ICP-OES. For the Au, Pd and Pt, the assay methodology was Fire Assay on a 30 gram aliquot with an ICP finish. Silver was analyzed using a 3-acid digest with an ICP analysis. For more information on assay methodology please visit the Activiation Laboratories Ltd. Website at http://www.actlabsint.com.

Drilling results in this press release have been reviewed in the field and approved for dissemination by Noront's senior management including John Harvey, P.Eng. Chief Operating Officer of Noront and Dr. Jim Mungall P.Geo., Noront's new Chief Geologist, both being Qualified Persons under Canadian Securities guidelines. Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,493,883 shares issued to date.

Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updated in real time.

ON BEHALF OF THE BOARD OF DIRECTORS:

R. Nemis, President and Chief Executive Officer

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



Contact:
Neil Novak P.Geo.
Noront Resources Ltd.
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.norontresources.com


--------------------------------------------------------------------------------
Source: Noront Resources Ltd.


http://biz.yahoo.com/ccn/080717/200807170474742001.html?.v=1

[HeinzBork]

Antwort auf Beitrag Nr.: 34.533.721 von Fantomas96 am 17.07.08 22:45:19

Wie stinklangweilig ist das denn?
Ein Explorer der jede Menge Material findet.

Womöglich auch noch werthaltig - da gibts bestimmt noch ein Gap zu schliessen.

[Blanca_die_Haesin]

Antwort auf Beitrag Nr.: 34.533.898 von HeinzBork am 17.07.08 23:17:12

Tja, da ist noch eins !

[Fantomas96]

Corporate Video


http://www.norontresources.com/investor/noront/NorontCorpora…

[Fantomas96]

AT 12 #3 visuals = #5 Eagle 1 = HEUTE ?????

[franz991]

Antwort auf Beitrag Nr.: 34.597.795 von Fantomas96 am 28.07.08 13:30:11

Dazu ein interessanter Beitrag von Glorieux aus agoracom:

More info concerning AT12...soon to be E3
Posted by: glorieux on July 28, 2008 06:15AM

I have had some PMs asking if I know more about hole#3 at AT12...how long is the hit, how good is it really etc... Well this is all I know: The hit has been confirmed by 3 different sources. The earliest indication of a massive sulfide hit came on Monday morning. When I talked to Richard on Wednesday afternoon, he confirmed that they were still on hole #3 at AT12. Of course Richard never said anything about hitting on #3 but since the rumors were so strong, I was paying close attention to his tone of voice and it was hard to hide how excited he was about this. I talked to another NOT insider and when I casually said that AT12 was getting very exciting, this person said: "Yeah, I know" and then caught themselves and were very subdued for the rest of the conversation. So again, after 3 separate confirmation and Richard and other insider, it is hard not to be very excited about AT12. How long is the hit...well if the news of massive sulfides was already out Monday am and they where still drilling that hole Wednesday...I would say it has the potential to be a monster hole. One of the independant sources when asked if this was Eagle 1 type hole replied: "It is a hole #5 type hole".

Please keep in mind that although I have always been very bullish about NOT, this is the first rumor that I post. I am not one to post rumors easily. I only did so after triple checking and discussing with many others. You can draw your own conclusion but I think we already have Eagle #3.

Very long on NOT!

Glorieux

[Fantomas96]

Neue Corporate Presentation :

http://www.norontresources.com/investor/noront/2008-Jul30-Pr…

[Fantomas96]

Und hier was für unsere ach so treuen Sprott Fans (und ich bin immer noch sauer über diesen doppelzüngigen Tardiff) :


Riding Sprott's coattails is no sure bet
DEREK DeCLOET

Globe and Mail Update

August 14, 2008 at 6:00 AM EDT

No currency is more valuable on Bay Street than a good investment idea. The problem is they're hard to find, so a lot of people attempt a shortcut by buying what the smart money is buying. “Coattail investing,” they call it.

Well, take a note, folks, because if you think you can easily follow what Eric Sprott and his band of money-makers are doing – you probably can't. That's because the insider-reporting rules in Canada contain a big loophole that's easy for fund managers to use. Retail investors, beware.

Whenever you hear Mr. Sprott's name these days, the word “Timminco” is usually not far behind, and this tale revolves around that one controversial investment. Sprott Asset Management is the second-largest owner of the silicon manufacturer, whose stock price rose 73-fold last year. That single bet helped Mr. Sprott's firm earn terrific performance fees, giving a major boost to his plans to go public.

The IPO was done in May and placed a tidy $1.5-billion market value on Sprott Inc., making Mr. Sprott a paper billionaire. He, in turn, publicly defended Timminco after short sellers questioned its claims that it had found the Holy Grail – an inexpensive method of making pure silicon, a key material for solar panels. On May 2, Sprott Asset Management filed a so-called alternative monthly report, or AMR, which revealed its 17-per-cent Timminco stake. That disclosure, along with a slew of positive announcements by the company, persuaded retail investors to climb on, and over the next five weeks Timminco shares went from about $19 to a peak of $34.50.

Alas, there's trouble in solar-powered paradise. Making silicon that's 99.999 per cent pure at a low cost is not easy. The company's much anticipated second-quarter numbers were a bust: It shipped just 221 tonnes of the stuff, well below the expected level of 300. Costs were high as well. Inventories went way up. Timminco's share price – well, it went in the opposite direction, and closed yesterday at $14.51. But do the Sprott acolytes still believe? Jean-François Tardif, a Sprott hedge fund manager, told The Globe on Tuesday that he still liked the Timminco story, but had sold most of the shares from his funds. “In our opinion, all this is real. Valuation is another thing, right?” he said. “I sold on the way up. I sold some in the low $20s, mid $20s, high $20s, and the $30s ... because my strategy is always to put the most money in my best idea in terms of risk-reward today.”

On Bay Street, this triggered a round of head-scratching. Mr. Tardif's comments indicate he sold in May, June, or July. He sounded bullish on the Business News Network on July 15, however, telling the audience the stock “could easily go to $50 or $100 a share” if the company met it targets. More importantly, as the owner of more 10 per cent of Timminco, isn't Sprott supposed to disclose when it buys or sells shares? It has filed nothing on that since May 2.

That's where the loophole comes in. A passive fund manager, in this case Sprott, doesn't have to say anything if the change is less than 2.5 per cent (thus, with Timminco, it could trim its position to 14.6 per cent and stay silent). Seems reasonable enough. But even if the firm does break that threshold, it may not have to report anything for weeks under the loose rules for AMRs. Sprott could sell its entire Timminco stake today and not say anything until Sept. 10. Coattail investors wouldn't know what hit them.

For the record, that's not happening. Mr. Sprott says he's still a Timminco fan. “J.F. [Mr. Tardif] might have sold some – I don't even know what the number of shares was, quite frankly – but I have not sold,” Mr. Sprott said yesterday. “So I obviously still believe in the technology and the opportunity. And we still own a very large piece of this company.” He said didn't know exactly how much, but it wasn't far off 17 per cent.

“We've got a great company in this country, that's got a great product, that they sell at a very high margin … if [the silicon-making process] functions properly, the margins would be quite exciting to everyone.”

And if it doesn't? That's obvious. “If something's wrong, you have to try to extricate yourself if it's wrong,” Mr. Sprott said. The man's track record on this score is astonishing. In addition to well-known winners, time and again Mr. Sprott and the firm have managed to escape from an investment in an overhyped small-cap stock with little harm to their reputation or performance.

In 2004, Mr. Sprott loved Ceramic Protection; the stock is down 92 per cent since the end of that year. That same year, he was a supporter of Taser International; it has plunged more than 80 per cent. He once touted the merits of Bennett Environmental. Two years later, after hitting $27, it crashed. Now it's 27 cents. Nautilus, another one-time Sprott favourite, also got destroyed. He knows when to buy, but also when to leave.

We don't know whether Timminco is all it claims to be. But if it's not, we're certain of two things. Eric Sprott will sell, and the average investor won't have a clue that he did until much later. Coattail riders should keep that in mind.



FANTOMAS

[Fantomas96]

http://agoracom.com/agoraimages/noront_43101.pdf

(Viel Spaß beim Lesen : 1 2 9 Seiten !!!)


TECHNICAL REPORT AND RESOURCE ESTIMATE ON THE
EAGLE ONE DEPOSIT , DOUBLE EAGLE PROPERTY,
MCFAULDS LAKE AREA , JAMES BAY LOWLANDS, ONTARIO

LATITUDE 52⁰45’ N, LONGITUDE -86⁰17’ W

For NORONT RESOURCES LTD.
By
P & E Mining Consultants Inc.


FANTOMAS

[Fantomas96]

Neueste NOT-Präsentation (vor allem Chrom-Kapitel beachten !) :

http://www.norontresources.com/investor/noront/2008-Aug18-Pr…


FANTOMAS

[Fantomas96]

Ist es nicht verwunderlich, daß Noront seit Juni diesen Jahres nicht nur Joint Ventures "vergibt", sondern sich an anderen JV beteiligt (WSR/Golden Valley im Norden (Juni) und heute Temex/East West im Süden, dazwischen noch ein gescheiterter Versuch mit Probe und ein "Anomalie"-JV mit Freewest) ???

Sehr merkwürdig.

Oder auch nicht !!!

FANTOMAS

[Boersenkrieger]

Antwort auf Beitrag Nr.: 34.802.251 von Fantomas96 am 22.08.08 00:02:37

na ist doch hübsch
heute hat sich fast alles von meinem explorerkram hochbewegt.. endlich mal... tiefes durchatmen. vielleicht war´s das jetzt mit dem dumpfbackengemetzel ohne fundamentale begründung

[Fantomas96]

Guter Artikel aus 2007 zu Chrom :

http://www.imcl.com.au/pdfs/press/ChromiteJune2007.pdf



FANTOMAS

[Fantomas96]

Kaiser podcast zu McFauld´s auf Korelin Economics Report (http://www.kereport.com/):

http://www.kereport.com/audio/0823-02.mp3


FANTOMAS

[MexicanMiner]

Antwort auf Beitrag Nr.: 34.856.049 von Fantomas96 am 25.08.08 23:47:43

yes Fantomas

here we are on the truck!

hold NOT, FWR, SPQ, FNC and PRB

Saludos

[Extrabreit]

Lesezeichen

[Extrabreit]

Die Oberflächentechnik kommt heute in nahezu allen Segmenten des produzierenden Gewerbes zum Einsatz. Kein Auto verlässt das Band, bei dem nicht wesentliche Teile oberflächenveredelt sind.
Die Medizintechnik ist ohne Verfahren der Oberflächentechnik nicht denkbar, aber auch Bauwirtschaft und Sanitärindustrie, die Elektrotechnik und die Elektronikindustrie, die Luft- und Raumfahrtindustrie oder die Schmuckindustrie kommen ohne Oberflächenveredelung nicht aus.
Oberflächentechnik verbessert Einsatzfähigkeit von Produkten
Die Oberflächentechnik hat die Aufgabe, beispielsweise die Korrosionsbeständigkeit, Verschleißfestigkeit, das Reibungsverhalten sowie elektrische,thermische und optische Eigenschaften von Bauteilen zu verbessern. Damit hat die Oberflächentechnik Einfluss auf Funktionalität und Lebensdauer,
aber auch auf das Design und nicht zuletzt auf die Herstellkosten eines Produkts. Durch die Ausnutzung physikalischer Eigenschaften speziell dünner Schichten konnten Innovationen realisiert werden,wie zum Beispiel Flachbildschirme oder Dünn-
schichtsolarzellen.
Die Oberflächentechnik als Schlüsseltechnologie trägt somit ganz entscheidend zur Lieferfähigkeit des produzierenden Gewerbes bei. Diese aber ist nun in ernsthafter Gefahr. Margen der mittelständischen Unternehmen in der Oberflächentechnik werden durch die explodierenden Rohstoff- und Energiepreise aufgefressen.
In den letzten Jahren sind durch die politische Lage in Förderländern natürlicher Ressourcen Verknappungen bei bestimmten Rohstoffen entstanden. Eine erhöhte Nachfrage aus Asien, insbesondere aus China und Indien, verstärkte diese Unterdeckungs-
tendenzen noch. Die sich daraus ergebenden Preissteigerungen machen auch vor der deutschen Oberflächentechnik nicht halt.
Gemessen am HWWI-Index (HWWI = Hamburgisches WeltWirtschaftsInstitut) haben sich die Weltmarktpreise für Rohstoffe und Rohöl von Anfang 2004 bis heute auf Euro-Basis nahezu verdreifacht, die der Industrierohstoffe verdoppelt. In Abhängigkeit vom Ölpreis verhält es sich mit derartigen
Preissteigerungen bei allen, auf Rohöl basierenden Produkten. Das führt zu ständig steigenden Rohstoff-Tages beziehungsweise Wochenpreisen, höheren Energiekosten und einer ölabhängigen
Verteuerung von Seefrachten.
Stark gestiegene Metallpreisnotierungen belasten in erster Linie die deutsche Galvanotechnik, eines der wichtigsten Segmente innerhalb der Oberflächentechnik. So stieg der Preis für Kupfer seit Anfang 2008 um 20 Prozent, der für Zinn gar um 41 Prozent. Nickel verteuerte sich in den letzten zweieinhalb Jahren um 47 Prozent, Platin um 66 Prozent.
Preisexplosionen bei Rohstoffen und Energie gefährden Lieferfähigkeit des produzierenden Gewerbes
Explodierende Rohstoffpreise setzen die Oberflächentechnik als Schlüsseltechnologie des produzierenden
Gewerbes unter enormen Druck und drohen, die Margen der mittelständischen Unternehmen aufzufressen
Doch nicht nur die hohe Nachfrage, auch natio-
nalistische Tendenzen der Förderländer tragen zur
Preisexplosion bei. So hat China den Ausfuhrzoll
für Hypophosphit – einem Ausgangsprodukt unter
anderem für die chemische Vernickelung – ohne
große Vorankündigung von 20 auf 100 Prozent
angehoben.
Prognose verspricht keine Entspannung
Die Analyse der einschlägigen Prognosen verspricht
keine Entspannung bei den hohen Rostoffpreisen.
Nicht nur der Preis für Rohöl wird weiter steigen,
auch bei für die Oberflächentechnik essentiellen
Basisstoffen wie Chromsäure, Chromchemikalien,
Alkohole, Ethylene und Propylene und deren Fol-
geprodukte werden weiter steigende Preise in den
kommenden Jahren erwartet.
Marktunterdeckung bei Chromerz
verteuert alle Chromchemikalien
Ausgangsstoff für alle Chromchemikalien ist das
Chromerz (Chromeisenstein). Außer für die Pro-
duktion von Chromchemikalien wird dieser Roh-
stoff auch für die Produktion von Edelstählen benö-
tigt, welche zur Zeit in China in gestiegenem Maß
nachgefragt werden.
Für das laufende Jahr ist eine weltweite Marktun-
terdeckung von etwa 600 000 Tonnen für diesen
Rohstoff prognostiziert. Dementsprechend ist der
Weltmarktpreis vom Jahresbeginn bis heute um
rund 300 Prozent gestiegen, eine weitere Steige-
rung um bis zu 500 Prozent innerhalb der nächsten
12 Monate wird erwartet.
Ein weiterer strategischer Rohstoff in der Chrom-
chemikalienproduktion ist Schwefelsäure. Zusätz-
lich zu dem ohnehin schon höheren Preisniveau für
diese Säure aufgrund des stark gestiegenen Schwe-
felpreises ist der wachsende Bedarf an Schwefel-
säure im Bergbau mitverantwortlich. Das hohe
Preisniveau ist die eine Seite, aber auch die Verfüg-
barkeit ist hierdurch begrenzt.
Zur Herstellung aller Chromchemikalien ist ein
hoher Energieaufwand notwendig, in verschiede-
nen Schritten sind Röstverfahren und Schmelzen
unumgänglich, auch müssen teilweise enorme Was-
sermengen verdampft werden. Die benötigte Ener-
gie wird in Form von Gas oder elektrischer Ener-
gie eingesetzt, deren gestiegenes Preisniveau ist
hinreichend bekannt. Die Preisentwicklungen von
Rohstoffen und Energie schaukeln sich dadurch
gegenseitig auf.
Ferner sollten auch kleinere Preisfaktoren wie
die Kosten für die Verpackung und den Transport
nicht unerwähnt bleiben. So muss zum Beispiel
der Bedarf an Stahl als Verpackungsmaterial in die
Betrachtung einbezogen werden. Chromchemika-
lien werden mittlerweile ausschließlich außerhalb
Europas produziert und haben somit einen Trans-
portweg von 5000 bis 7500 Kilometer hinter sich,
womit auch die Kosten für den Transport eine nicht
unerhebliche Rolle spielen.
Preissituation bei Chromchemikalien
Chrom wird in seiner metallischer Form ganz
besonders in der Rüstungsindustrie in erhöhtem
Maß benötigt und hier hat die Verfügbarkeit eine
höhere Priorität als der Preis. Zur Herstellung von
Chrommetall wird überwiegend Chromoxid ver-
wendet. Ein Vorprodukt hierzu ist Natriumdichro-
mat, aus welchem unter anderem auch Chromsäure
hergestellt wird.
Da die Rüstungsindustrie weniger preisorientiert
ist, notiert der Preis für Chromoxid aktuell ca. 35
Prozent höher als für Chromsäure, so dass einige
Hersteller die Produktion von Chromsäure schon
gedrosselt haben.
Erdbeben in China hat Auswirkungen auf Preise
Das schwere Erdbeben in China hat auch eine
Chromchemiefabrik betroffen, die ausschließlich
den chinesischen Inlandsmarkt beliefert. Ein direk-
ter Einfluss hierdurch ist nicht zu erwarten. Jedoch
fehlen durch diese eingeschränkte Produktion bis
zu 15 000 Tonnen Chromsäure in der Volksrepublik
China, so dass diese neuerliche Unterdeckung zu
weltweit spürbaren Preisauswirkungen bei Chrom-
säure führen wird. Insgesamt erwarten wir für
Chromsäure Preissteigerungen von 20 bis 40 Pro-
zent in den nächsten 12 bis 18 Monaten.



Quelle: Galvanotechnik 7/2008

[sufenta]

Antwort auf Beitrag Nr.: 34.896.808 von Extrabreit am 28.08.08 19:26:08

Danke!
Mein EK übrigens 3,2nochwas und kein Stück wird die nächsten Jahre hergegeben. Leider kein Cash, sonst dieselbe Anzahl noch dazu (leider Weihnachtsgeld gestrichen ).

[Fantomas96]

Die neueste Management Discussion & Analysis für den Jahresabschluß 30.04.2008 im pdf-Format:

http://hrock5.fileave.com/Noront%20MD%20Aug%2008.pdf


NORONT RESOURCES LTD.
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FOURTH QUARTER AND YEAR ENDED APRIL 30, 2008


FANTOMAS

[Fantomas96]

Börsen in Kanada am Montag, 01.09.2008 GESCHLOSSEN !


2008 Stock Market Holidays - Stock Markets Closed
New Year's Day - January 1, 2008
Family Day - February 18, 2008
Good Friday - March 21, 2008
Victoria Day - May 19, 2008
Canada Day - July 1, 2008
Civic Day - August 4, 2008
Labour Day - September 1, 2008
Thanksgiving Day - October 13, 2008
Christmas Day - December 25, 2008
Boxing Day - December 26, 2008


Ein schönes Wochenende,

FANTOMAS

[Fantomas96]

Und hier noch eine Übersicht der ausstehenden Bohrergebnisse.


HOLE ANOMALIE 1ST_NR_DATE DEPTH_MTRS FROM TO MTRS VISUAL DESCRIPTIONS

NOT-08-1G1 AT1 2-Apr 282 NIL
NOT-08-1G4 AT1 2-Apr 144 NIL
NOT-08-1G5 AT1 2-Apr 300 NIL
NOT-08-1G7 AT1 2-Apr 312 NIL
NOT-08-1G2 AT2 2-Apr 239 39.0 42.0 3.0 sulphides Cu-Ni
NOT-08-1G3 AT2 2-Apr 200 42.3 46.7 4.4 sulphides Cu-Ni
NOT-08-1G6 AT2 2-Apr 348 113.2 131.0 17.8 sulphides Cu-Ni
NOT-08-1G8 AT2 2-Apr 336 121.5 129.5 8.0 sulphides Cu-Ni
NOT-08-1G9 AT2 2-Apr 309 229.0 249.0 20.0 Chromite beds
NOT-08-1G11 AT2 2-Apr 324 NIL
NOT-08-1G13 AT2 2-Apr 306 NIL
NOT-08-1G15 AT2 2-Apr 195 NIL
NOT-08-1G16 AT2 2-Apr 186 NIL
NOT-08-1G17 AT2 2-Apr 267 137.0 144.0 7.0 sulphides Cu-Ni
NOT-08-1G17 AT2 2-Apr 267 194.6 243.0 48.4 Chromite beds
NOT-08-1G20 AT2 2-Apr 288 144.0 165.0 21.0 sulphides Cu-Ni
NOT-08-1G20 AT2 2-Apr 288 246.5 285.6 39.1 Chromite beds
NOT-08-1G21 AT2 2-Apr 169.5 190.1 20.6 sulphides Cu-Ni
NOT-08-1G10 AT3 2-Apr 281 24.9 96.0 71.1 minor sulphides w/cpy
NOT-08-1G12 AT3 2-Apr 309 204.0 237.0 33.0 no significant assays
NOT-08-1G14 AT3 2-Apr 228 216.9 225.9 9.0 1-2% sulphides w/cpy
NOT-08-1G18 AT3 2-Apr 405 288.0 362.0 74.0 1-5% sulphides w/cpy
NOT-08-1G22 E2 27-May 303 199.0 211.1 12.1 some Cu-Ni
NOT-08-1G24 E2 27-May 372 191.2 200.3 9.1 py, po, minor Cu-Ni
NOT-08-1G24 E2 27-May 372 295.8 312.1 16.3 int. Cr. Beds
NOT-08-1G24 E2 27-May 372 312.1 368.2 56.1 massive Cr. Beds
NOT-08-1G25 E2 27-May 447 218.8 229.3 10.5 minor Cu-Ni
NOT-08-1G25 E2 27-May 447 349.5 372 22.5 sulphides, py, po
NOT-08-1G25 E2 27-May 447 372.0 386.0 14.0 int. Cr. Beds
NOT-08-1G25 E2 27-May 447 386.0 417.0 31.0 massive chromite
NOT-08-1G19 AT3 27-May 471 assays pending
NOT-08-1G23 AT3 27-May 294 assays pending
NOT-08-1G26 AT3 27-May 222 assays pending
NOT-08-1G27 AT3 27-May 411 assays pending
NOT-08-1G30 AT4 27-May 549 minor py, po
NOT-08-1G33 AT4 27-May 15 abandoned
NOT-08-1G34 AT4 27-May 387 minor py, po
NOT-08-1G29 AT8 27-May 303 no significant mineral
NOT-08-1G28 E2 27-May 432 353.3 364.5 11.2 int. Cr. Beds
NOT-08-1G28 E2 27-May 432 364.5 413.0 48.5 massive chromite
NOT-08-1G28 E2 27-May 432 413.0 424.0 11.0 int. Cr. Beds
NOT-08-1G31 E2 27-May 453 336.7 341.6 4.9 int. Cr. Beds
NOT-08-1G31 E2 27-May 453 341.6 410.8 69.2 massive chromite
NOT-08-1G32 E2 27-May 594 494 494.1 0.1 Chromite bed
NOT-08-2G01 AT12 17-Jul 240 95.85 99.58 3.73 semi-massive po, pn, cpy
NOT-08-2G01 AT12 17-Jul 240 99.58 122.84 23.26 dissemin. Sulphides
NOT-08-2G01 AT12 17-Jul 240 122.8 129.5 6.7 int. dis.&semi-mass. Po, pn, cpy
NOT-08-2G01 AT12 17-Jul 240 139.5 169.0 29.5 minor sulphides
NOT-08-2G02 AT12 17-Jul 308 147.0 213.0 66.0 dissemin. Sulphides
NOT-08-2G02 AT12 17-Jul 308 213 242.2 29.2 int. dis.&semi-mass. Po, pn, cpy
NOT-08-2G03 AT12 17-Jul in progress
NOT-08-1G42 AT2 17-Jul 459.7 340.6 352.5 11.9 po, mt, Cu-Ni (No Chr)
NOT-08-1G42 AT2 17-Jul 459.7 425.4 426.8 1.4 semi-massive (No Chr)
NOT-08-1G43 AT2 17-Jul 630 293.9 302.5 8.6 po, Cu-Ni
NOT-08-1G43 AT2 17-Jul 630 444.2 481.3 37.1 chrome beds
NOT-08-1G43 AT2 17-Jul 630 482.4 496.3 13.9 massive chrome
NOT-08-1G45 AT2 17-Jul 357 lost hole
NOT-08-1G47 AT2 17-Jul 669 549.1 554.9 5.8 chrome beds
NOT-08-1G48 AT2 17-Jul 15 abandoned
NOT-08-1G49 AT2 17-Jul 248 no significant mineral
NOT-08-1G51 AT2 17-Jul 645 408.7 410 1.3 po, Cu-Ni (No Chr)
NOT-08-1G51 AT2 17-Jul 645 561.5 565.8 4.3 po, Cu (No Chr)
NOT-08-1G52 AT2 17-Jul 708 394.0 398.0 4.0 mt, py, po, Cu
NOT-08-1G52 AT2 17-Jul 708 402.0 406.5 4.5 po, py, Cu
NOT-08-1G52 AT2 17-Jul 708 578.5 579.5 1.0 chrome bed
NOT-08-1G41 AT5 17-Jul 33
NOT-08-1G44 AT5 17-Jul 351
NOT-08-1G46 AT5 17-Jul 291
NOT-08-1G50 AT6 17-Jul 651 409.8 419.6 9.8 stringers py, po, cpy
NOT-08-1G53 AT6 17-Jul 357 270 289.62 19.6 stringers py, po, cpy
NOT-08-1G53 AT6 17-Jul 357 300 302.3 2.3 bands py, po, cpy
NOT-08-1G54 AT6 17-Jul 309 238.4 254.1 15.7 stringers py, po, cpy
NOT-08-1G57 BB2 30-Jul 418.3 152.5 170.4 17.9 semi to mass. Chr.
NOT-08-1G57 BB2 30-Jul 418.3 173.3 188.5 15.2 diss. To mass Chr.
NOT-08-1G57 BB2 30-Jul 418.3 362.5 417.7 55.2 int. chr. Layers, dis. To mass.
NOT-08-1G59 BB2 30-Jul 395 127.6 129.6 2.0 diss. Chromite
NOT-08-1G59 BB2 30-Jul 395 175.6 177.1 1.5 diss. To mass Chr.
NOT-08-1G59 BB2 30-Jul 395 273 283.2 10.2 massive chromite


FANTOMAS


http://agoracom.com/ir/Noront/messages/921223

[Extrabreit]

Gegensätzliche Entwicklungen am Rohstoffmarkt für Edelstahl rostfrei
Chrom – der neue Preistreiber

Preisschwankungen bei nichtrostenden Edelstählen waren in letzter Zeit vor allem mit einem Auf und Ab der Nickelnotierungen begründet. Nickel durchlebte stürmische Zeiten. Spekulanten trieben den Kurs letztes Jahr in astronomische Höhen. Aktuell bewegt sich der Nickelpreis wieder auf «vertretbarem» Niveau. Nicht so das zweitebedeutende Legierungselement für Edelstahl rostfrei: der Chrom.
Dieser nicht an der Börse gehandelte Rohstoff setzt aus ganz anderen Gründen zu einem nie da gewesenen Höhenflug an.
Der klassische nichtrostende austenitische Stahl (z.B. 1.4301) für eine Vielzahl von Anwendungen weist neben mindestens 8 % Nickel einen Chromgehalt von rund 17 % auf. Die
Ferrochrom-Preisentwicklungickel-Preisentwicklung an der LME London Metal Exchange Mte hohen Nickelpreise und die im letzten Jahr stark gestiegenen Legierungszuschläge für Austenite veranlassten
Rostfrei-Verarbeiter zusehends, nach Substitutionsmöglichkeiten Ausschau zu halten. Eine Möglichkeit sind nichtrostende ferritische Stähle wie Werkstoff 1.4509 oder 1.4016. Der fehlende Nickelgehalt und die durch eine optimierte Warmformgebung vermin-
derten technischen Nachteile machten diese Güten wirtschaftlich zusehends attraktiver. Die aktuellen Ereignisse mit sinkenden Nickelkursen und drastischen Preissteigerungen für Ferro-
chrom könnten diese Entwicklung jedoch wieder stoppen.
Ferrochrom – Wertschöpfung im eigenen Land behalten
Das Legierungselement Chrom wird durch die Vergütung von Chromerz
zu Ferrochrom erzeugt. Rund 50% der weltweiten Chromerz-Vorkommen stammen aus Südafrika. Einen grossen Teil dieses Chromerzes hat Südafrika bis 2007 an Ferrochromproduzenten im Ausland exportiert. Da der grosse Teil der Wertschöpfung nicht beim Abbau des Chromerzes, sondern bei der Vergütung zu Ferrochrom erzielt wird, hat die südafrikanische Regierung rigorose Massnahmen angeordnet. Der Export von Chromerz sollte verboten oder zumindest durch hohe Ausfuhrzölle erschwert werden.
Ziel ist, zum Wohle des Landes die Ferrochromproduktion und somit das Geld in Südafrika zu konzentrieren. Probleme bei Energieversorgung Die desolate Lage der Energieversor-
gung in Südafrika löst aktuell allerdings einen gravierenden Produktionsrückgang für Ferrochrom aus. Die
reduzierte Angebotsmenge bei gleichzeitig steigender Nachfrage nach Ferrochrom lässt die Preise für dieses Legierungselement förmlich explodieren.

Nach vorliegenden Informationen der Chromproduzenten kann kurzfris-
tig keine Verbesserung der Situation erwartet werden.

Quelle
ImBild/Christof Härz
Magazin für Geschäftspartner, Mitarbeiter / innen
und andere Beziehungsgruppen
der ThyssenKrupp Materials Schweiz AG

[Boersenkrieger]

Antwort auf Beitrag Nr.: 35.009.513 von Extrabreit am 06.09.08 21:44:50

also hab mich auch etwas schlauer gemacht. chromit wird ja fast nur von südafrika produziert. sonst sind die vorkommen eher rar. die noront-funde schauen von den graden her wirklich top aus. chrom scheint mir derzeit das metall zu sein mit dem besten angebot/nachfrageverhältnis bzw aus sicht der produzenten
eigentlich ne geniale sache die noront-chromfunde....
was noront nicht alles hergibt selbst ohne windarra mit den schlappen 1200 g gold pro tonne
für mich ein klarer ultra-long mittlerweile und im vergleich zum tsx-v verdamtm stabil

[Boersenkrieger]

hier noch ein link zum thema chrom

http://www.rz.uni-karlsruhe.de/~ea19/SA/Exkursionsfuehrer/11…

[Extrabreit]

Antwort auf Beitrag Nr.: 35.011.783 von Boersenkrieger am 07.09.08 04:23:58

Ja,sollte es nochmals weiter deutlich runtergehen, kann man hier meiner Meinung nach, bedenkenlos zugreifen und liegen lassen.

[Fantomas96]

Ring of Fire Becoming BALL OF FIRE

by Virginia Heffernan - Mining Markets Sept 08 pages 13-17

"The Ring of Fire in the McFauld's Lake region of northern Ontario is becoming a great Ball of Fire as junors continue staking the centre of the ring even as investors remain on the sidelines, awaiting further results.

As Noront Resources (NOT.v) marks the first anniversary of its nickel-copper discovery at McFauld's Lake, the area under claim has expanded to cover at least 5,000 sq k.m., making the staking rush the largest in Ontario's history. The amount of money raised for exploration has reached the hundreds of millions of dollars, while the number of juniors working in the area has grown to about 40, up from 26 a month ago.

"The mining world now believes this is an area of consequence and so does the mining supply world", says Kirk McKinnon president of MacDonald Mines (BMK-V), one of the largest landholders in the region next to Noront. Suppliers (including Vancouver-based Matrix Helicopter Solutions, which is building several camps in hte Ring) don't set up shop and cultivate relationships with mining companies if there isn't a critical mass and something of consequence there."

But the mid-summer stock prices of the main players tell a different story: at the end of July 2008, Noront was down almost 60% from a 52-weeek high of $7.42; MacDonald had dropped 80% from $1.32; and Fancamp Exploration (FNC-v) had lost three quarters of its highest value.

Investors are nervous about the lack of infrastructure in the remote area, potenitally tough negotiations with First Nations over land use, and Ontario's recently annouced plan to declare a large swath of Ontario's boreal forest off limits to mining. With little news from the area to counter these uncertainties McFauld's has lost it's mojo.

Ironically, the Toronto Stock Exchange just named Noront, Macdonald and Fancamp the top three companies respectively, in the mining category of the TSXX Venture Index based on a ranking formula that includes revenue return on investment growth in market capitalization, and trading volume 2007.

THe ranking reflects the enormous investor interest that followed Noront's announcement last autumn of some of the higest grade base metal instersections since the Voisey's Bay nickel deposits were discovered in the 1990's.

Juniors could enjoy a similar levels of interest again if summer drilling programs can replicate early results, as many expect they will. At midsummer, there were eight drills operating in the region, a number that is expected to double in the coming months as more juniors mobilize drills to the area. The hit rate on drilling so far has been above 50%, an unusually high number for a grassroots play.

"We'll have 15 rigs drilling over the next month or two, but if the success rate continues, we could have 40 drills going by next year becasue every company will want a drill on their targets," says William White, president of IBK Capital, which has raised $110 million alone for the play, including $80 million for Noront. "We'll have no trouble financing it because until now we have been using hard dollars and there is still the benefit of flow-through money ahead of us".

Since there is very little outcrop in the area, explorers have had to rely on conductors identified by airborne geophysical surveys to identify drill targets. The VTEM ( Versatile Time Domain ElectoMagnetics) technology used to survey the camp is so advanced it can see through 200 metres of overburden and bedrock to acurately detect conductors that may represent metal-bearing sulphides. But the deposits tend to be small and steeply plunging, making them sometimes difficult to pinpoint.

There are three main targets volcanogenic massive sulphide (VMS)deposits rich in copper and zinc such as those outlined previous to the Noront discovery; peridotite-hosted magmatic sulphide deposits, such as Eagle One, that contain nickel, copper and platinum group metals; and chromite layers.

Lower down in the system, in the ultramafic rocks, explorers are likely to find nickel and chrome. Higher up in the system, in the volcanic rocks that define the Ring, there is a better chance of finding copper-zinc deposits.

Although none of the discoveries to date are large enough to justify a stand-alone operation in such a remote part of Canada, a growing number of them may eventually provide the critical mass to justify building a mining camp.

The best of the bunch is Noront's Eagle One copper-nickel-platinum group element deposit. An inital resource estimate for the find shows an indicated resource of 1.8 million tones grading 1.96% nickel adn 1.18% coper and inferred resource of 1.1 million tonnes. The resource includes a higher grade core of about 200,000 tonnes grading more than 6.5% nickel.

Spider Resources (SPQ-V), UC Resources(UC-V) and KWG Resources (KWG-V), have also annouced resource estimates for their massive sulphide discoveres to the northest of Eagle One. At a cutof grade of 1.5% copper, McFaulds 1 contains an estimated 279,000 tonnes grading 2.13% copper and o.58% zinc, while McFaulds 3 contains 802,000 tonnes grading 3.75% copper and 1.1% zinc.

Noront is currently investigating a second nickel-copper occurence with an intriguing chrome kicker located 2km soutwest of Eagle One. Two drills continue to intersect mineralization in a shear hosted suplhide setting at Eagle Two as well as layered chromite mineralization.

Another discovery awaiting assay results at press time is that of WSR Gold (WSR-V), Metalex Ventures (TSX-V) and Artic Star Resources (ADD-V), 45 km north of Eagle One.The Trio hit volcanogenic massive sulphides in its first hole and a subsequent hole hit 132 metres of semi-massive to near-massive copper-zinc sulphides.

But as more juniors flock to the area and more drills turn, the potential for conflict with First Nations Groups in the area is growing. There are five native communities in the area - Webique, Marten Falls, Landsdowne House, Attawapiskat and Kasabonica - and some confusion about how far the influence of each community extends.

So far, the companies involved have agreed to minimize airborne surveys and other flying operations during First Nations' wild game harvest in the spring and fall, and provide ongoing consulation. These efforts have gone a long way to smooth relations between the two groups.

"We have worked bery well witht eh companies and there has been a close dialogue with a number of them to addres our concerns and issues with respect to traditional pursuits by our members." says Chief Scott Jacob of the Webique First Nation, " we will play a major role (in the development of the camp) because we are strategically situated in the play and we are already exploring some potential opportunities."

"We've had good discussions with both Webique and Marten falls," concurs Neil Novak, vice-president of corporate and aboriginal affairs for Noront. According to Novak, Webique is proposing to provide fuel to explorers at a lower cost than what they are paying now, while Marten falls is investigating upgrading a winter trail to the community to a winter road, then extending the rad to McFauld's Lake, about 190 km further north.

But MacDonald's McKinnon says recent arrials to the area with little negotiating experience could upset the fine balance, while some of the communities are demaing too much, too early in the exploration game.

Another concern is the Ontario government's decision to protect half of Ontario's boreal forests from resource development so the trees can provide a carbon sink to fight global warming. That represents a huge area - at least 225,000 sq. km.

However, the McFauld's Lake staking - at least within its current limits - appears to fall withint he taiga, the transition zone betwen boreal forest and tundra as defined by the Ontario Ministyr of Natural Resources and therefore would unlikely be subject to the ban.

THe province remains one of the safest places to put exploration dollars. " Ontario is a really great prince to be discovering a major mining camp in terms of political risk, overall infrastructure and the expertise available for this kind of business," says IBK's White.

If a mining camp does evolve at McFauld's Lake insiders say the most likely transportation routes for concentrate would follow winter roads, then paved roads to smelters in either Sudbury (processing nickel and copper) or Timmins (Zinc) or shipped out to foreign markets through the port at Thunder Bay Ontario.

Noront has stated that the high grade core at Eagle One could be direct-shipped without processing potentialy providing enough cash flow to build a concentrator to process the lower-grade ore from the rest of the deposits and other finds.

But if economic deposits start to become a reality, major companies suche as Vale Inco, a subsidiary of Brazil's Vale (RIO-N), or Xstrata (XTA-L) may decide at some stage of the play to step in and buy out the successful explorers.

"We'll continue to be able to finance at higher prices, and eventually a major mining company will come in and buy majority interests in these juniors." says White, without missing a beat. " The infrastructure of the major companies in Sudbury and Timmins needs this kind of feed so you have a market already in place."


FANTOMAS

[Fantomas96]

Noront und Chrom:

Add Chromite to the McFauld’s mix

Mining Markets Sept. 2008 (S.14)

Ever since Noront Resources (NOT-v) discovered high grade nickel at its Double Eagle project last September, most of the speculation about the area’s mineral potential has focused on nickel copper deposits similar to those being mined at Voisey’s Bay in Labrador.

But the area’s potential to host economic chromite deposits may be equally important. In late May, Noront announced that it had discovered a thick layer of massive chromite (rock composed largely of the mineral chromite) lying about 30-50 metres beneath the Eagle Two copper-nickel deposit. The steeply dipping layer, now called “Blackbird” One to differentiate it from the “Eagle” nickel-copper depositis, was traced by drilling from near surface to depths of up to 400 metres at widths of up to 69 metres. One intersection returned 50 metres average 39% Cr2)3.

The find is significant because not only are the grades comparable to those being mined in South Africa’s Bushveld Complex, which holds about 70% of the world’s total chrome reserves, but the widths appear to be thicker. In the Bushweld, the majority of deposits lie in two main layers, 0.6 to 1.3 metres thick. At Blackbird One, the seams vary from a few centimeters to more than 20 metres in true thickness.

Overall, the Bushveld Complex contains more than 1 billion tones of reserves grading 42-45% Cr2O3.

The only known Canadian chromite deposits are the Bird River Sill deposits in Manitboa, which mainly occur within a 3-metre layer and are too low a grade ( 21% Cr2O3) to be considered economic.

Chromite is used to make ferrochrome used in stainless steel. It would be an understatement to say that the economics of the ferrochrome market are robust. Chrome exports to China more than doubled to almost 1 million tones in 2006 and forecasts show Chinese stainless steel demand growing by 7-10% per year to 2020. Prices have increased several fold from US. 0.63 lb in early 2006, to US 5.50 per lb. recently for extra-low carbon ferrochrome.

An important consideration when evaluating chromite deposits is the ratio of chrome to iron. Ideally, the chrome-to-iron ratio should be at least 1.5 to produce ferrochrome. At Blackbird One, chrome-to-iron ratios average 1.7 compared to about 1.9 in the Bushveld and 1.4 at Bird River.


FANTOMAS

[Boersenkrieger]

Antwort auf Beitrag Nr.: 35.013.823 von Extrabreit am 07.09.08 10:05:55

ist doch komisch.
wenn´s hpchgeht will jeder möglichst schnell rein. wenn´s runtergeht will man immer noch billiger rein. erst bei 2,20 cad dann 1,90 cad dann 1 cad

ich bin drin und bleibe drin

[Boersenkrieger]

ok, jetzt sind sie kollabiert. neues jaherstief mit hauruck. ist wohl mit 1 cad zu rechnen

[Fantomas96]

Antwort auf Beitrag Nr.: 35.028.774 von Boersenkrieger am 08.09.08 20:36:41

http://www.321gold.com/editorials/mccoach/mccoach090808.html

Greg McCoach
The Mining Speculator
Sep 8, 2008


This is Greg McCoach with a Mining Speculator Hotline for Friday September 5, 2008.

Junior mining stock investors are feeling "pulverized" as the precious metals and their mining stocks continue to sell-off in dramatic fashion. Investor portfolios across the board are showing tremendous losses, causing even greater worry and concern than we have already experienced.

The latest cause for this activity seems to be more than just hedge fund selling and is most likely attributed to smaller investors giving up on the market. Watching these stocks lose so much of their value in the last six months has been tough to bear, even for the most seasoned investors amongst us. It now appears those with less experience in our market are starting to panic and bail. Others who simply need cash are opting for the exit now instead of waiting for what may lie ahead.

Fortunately, the volume of selling in most cases is rather low, but with so few buyers willing to offset this minimum selling pressure, prices continue to move south. Investors with cash sense the market wants to go lower so they are waiting to put in their buy orders. At the moment, we just can't seem to find a bottom. The liquidity crisis appears to be spreading like a contagion to a much broader audience, all of whom need to raise cash. To raise this cash, individuals and/or companies have to sell something such as stocks, bonds, real estate, gold, silver etc. The credit crisis that began in housing ... and then infected the financial sector ... is now spreading throughout the economy.

Credit is becoming harder and more costly to obtain across the board. That is making it more difficult for consumers to boost spending, and for businesses to borrow and invest in their operations. This is having a real, measurable, and severe impact on the overall economy.

Unfortunately this activity looks like it will be increasing in the future and will be felt throughout the system, not just in our mining stocks and metals prices. That is the bad news.

The good news is that the confluence of problems in the financial system within the United States and elsewhere is telling me we are getting ready for explosive moves in the precious metals. The financial tsunami I have been warning about is ready to hit. I fully expect by next month that we will be hearing about a multitude of failures in the financial sector. Fed Chairman Bernanke has made some comments lately that are very telling in my opinion. Last week before Congress he stated the following:

"Bernanke repeated his call for Congress to provide new regulatory powers to insulate the economy from damage if a Wall Street firm collapses. He again urged congress to give the central bank explicit authority to oversee systems that process payments and other financial transactions by investment firms and banks."

Rumors have been swirling for weeks that a big investment house is about to go under. The name that is most associated with these rumors is Merrill Lynch. The Fed has been pumping massive amounts of money into the financial giant for months just to keep them afloat.

Other known suspects that are in major trouble include Washington Mutual, Wachovia, Bank of America, Lehman Brothers, Morgan Stanley, and Citigroup. The reason they are in trouble was highlighted in the lead article from the newsletter last month. The sheer greed, corruption and stupidity of these firms is beyond belief. Unfortunately, for many of their unsuspecting depositors and investors, they are about to learn some terrible things about the status of their funds.

Another recent quote from a Fed official said this:

"We see that mounting losses at financial institutions, and an increasing reluctance among investors to invest new capital while the economic outlook is unclear, are forcing financial institutions to 'shrink their balance sheets."

What he is saying is that a loan is counted as an asset on a bank's balance sheet. Banks hold capital in part as a reserve against the possibility that a loan will default. Thus banks attempt to maintain a reasonable ratio of capital to assets. If a bank experiences a reduction in the value of its capital or an increase in its assets (for example as credit lines that were extended in better times are tapped), the bank must take steps to shrink the asset side of its balance sheet in order to restore its desired capital-to-asset ratio.

"In other words, the bank becomes more restrictive in its lending. This shrinkage in lending entails tighter underwriting standards, wider interest rate margins, and reduced credit availability." This is all rippling through the system as you read this.

On top of this the Wall Street Journal recently had an article talking about 117 banks that are about to fail. In my opinion that number is very conservative and is just the beginning of what is to come with the financial carnage that lies ahead in our near future.

The Fed response in dealing with this mess will be their predictable bail-out talk and need for more regulatory power. But with so many large firms in trouble and losses in the trillions there simply is not enough money on the planet to do so. At some point, the Fed will become a triage ward where they will ascertain who they can help and who they can't. It is going to be an ugly reality faced by all Americans. Can you imagine how those will feel that didn't get the bailout versus those that did? Or what happens when (soon in my opinion) the FDIC and SIPC reserves are used up and hundreds of banks are still imploding into oblivion? These are sobering questions but realities that are soon to make headlines in mainstream America.

Other very strong rumors are starting to circulate that foreign countries such as Russia, Germany, China and others have had their fill with US T-bonds and may opt to start dumping them very soon. This has always been the moment in my opinion where the U.S. Dollar scam will come to a very rapid and abrupt close. If foreign countries start forming alliances to dump their U.S. T-bond holdings in an attempt to change the current U.S. Dollar hegemony, then life as we've know it in America is over. It's that simple.

What does this all mean for our mining stocks?

I want to repeat what I have been saying the past few years that "this volatility in our market is going to get worse, much worse" and "before we get to the parabolic moves that many of us anticipate and hope for, we may have to experience some dreadful downside periods."

We are experiencing that downside volatility in its greatest degree at the moment. It may get even worse, but what this indicates to me is that we are probably getting ready for explosive moves in the metals prices which in turn will ignite the juniors. I never said this was going to be easy, I only said it would be worth it for those who could ride out the downside volatility and eventually reap the biggest rewards yet as the prices for the precious metals and junior mining stocks go into the stratosphere.

I know how difficult this must be for many of you. At times you must feel like "road-kill' that has now been sliced, diced, ground up and spit out. And just when you've gotten to the point where you were hoping and expecting things to go our way, we find out we're about to be grilled. Aaaaaaargh!

One subscriber I recently talked with described what he was feeling and said, "I feel as if I am walking on a very narrow balance beam that narrows even more as you try to move forward. The balance beam is stretched across a deep canyon. Falling off to either side is catastrophic but moving forward to try and get the reward is getting more and more difficult." It's incredibly nerve wracking but I continue to hold the precious metals because it one of the few things that makes any sense in the current situation."

There is no doubt that these are the kind of times that try our souls. How we manage though at moments like these may make all the difference. I say hang in there and stay the course. Don't be shaken off. Hold on even tighter.

I also want to emphasize just how quickly things can change with our junior mining stocks. This market can turn on a dime as any of the above financial scenarios I've described begin to play out. Our time is definitely coming.

With each passing month, the quality junior mining shares are increasingly being picked up and held by stronger hands that have no intention of selling at current levels and have the staying power to wait things out. The weak hands (funds and those who need to sell for liquidity purposes) will eventually disappear and the shares will form a base from which they can move higher. As proof of that, if you try to buy large blocks of any of our good stocks right now, you can't buy them at current levels without taking the price much higher.

As the world comes to grips with the new economic realities of our times, the move by panicked depositors and citizens into the precious metals will be one for the record books. Those who managed to hold on will reap the greatest rewards. Those that didn't will be wishing they had.

Sep 5, 2008
Greg McCoach
[e-mail]


FANTOMAS

[Fantomas96]

Trading Halt beim Nachbarn Fancamp !

FANTOMAS

[Fantomas96]

http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=62…


DENVER GOLD FORUM

Kinross CEO Burt fires up gold investors in Denver

Tye Burt: “This is the gold business. It is cyclical. The demand fundamentals are strong. The supply fundamentals have never been better for our metal.”

Author: Dorothy Kosich
Posted: Thursday , 11 Sep 2008


Kinross President and CEO Tye Burt Wednesday proved to be a beacon of reason and optimism piercing through the gloom of a Denver Gold Forum wallowing in the depths of despondency due to depressing metals prices and a lack of financing for junior mining projects.

In a good news/bad news pep talk, Burt exhorted analysts, institutional investors, and his mining peers to "do not lose hope."

"This is the gold business. It is cyclical. The demand fundamentals are strong. The supply fundamentals have never been better for our metal."

"Not only are major mines in Peru, South Africa and the United States slowing. Not only are new mines not coming into production whether they're in Argentina, in Alaska, in Romania and in Venezuela. But it's never been tougher to permit, build and finance a new gold mine."

"Global mine production in gold has been in decline for the last nine or 10 years," Burt said. "We don't see that stopping any time soon."

"To me that's symptomatic of an industry that is going to be in severe supply constraint in the not too distant future," Burt declared.

While it may be hard "to explain the difference between Comex and physical demand today," Burt asserted that "it isn't hard to look into the future and see a world of dramatically constrained gold production and gold supply."

"That's the time to buy good stories," he declared. "That's the time to look at the discounts we see in our market today and say, ‘I can load up on a good story.'"

"It's not the time to climb into a foxhole today," Burt advised. "These are markets where risk takers are rewarded."

Kinross Gold is also proving to be a risk taker as it gambles on an upcoming election and a new mining law that will result in a favorable mining regime in an Ecuador where exploration was brought to a screeching halt only a few months ago.

With the pending acquisition of Canadian explorationist Aurelian Resources, Kinross will acquire the Fruta del Norte deposit, which Burt calls "one of the last, great gold deposits." Thus far, Fruta Norte has indicated an inferred resource of 13.7 million ounces of gold.

"We're quite excited about it," Burt declared. He is convinced that the current positive prevailing political atmosphere will ultimately result in a pro-mining regime in Ecuador.

Today's Angus Reid Global Monitor website says a Cedatos/Gallup poll has revealed that the number of people in Ecuador who support a new constitution "has dramatically increased in less than one month. ...55 percent of respondents would ratify the new charter in this month's referendum."

In his Denver Gold Forum speech, Burt noted that this past weekend Ecuador's President Rafael Correa said the country "need responsible mining." Burt anticipates that the new mining code could be taken up by Ecuador's Constituent Assembly after the September referendum.

Kinross hopes that the Fruta del Norte deposit will evolve into a "model asset for the country of Ecuador."



FANTOMAS

[Fantomas96]

Noront´s neue Website ist auch einen Besuch wert:


http://www.norontresources.com/



FANTOMAS

[Fantomas96]

Noront Announces Initial Nickel-PGE Results at Anomaly AT12 Provides Update on Other Double Eagle Drilling Projects

Monday September 15, 3:18 pm ET


http://biz.yahoo.com/ccn/080915/200809150485902001.html?.v=1


TORONTO, ONTARIO--(Marketwire - Sept. 15, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT - News) wishes to present the following update on its exploration activities in the McFaulds Lake area of northern Ontario in the James Bay Lowlands.
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EXPLORATION HIGHLIGHTS

1) The first assay results from Hole NOT-08-2G1 at anomaly AT12 include the intersection of three zones of nickel mineralization including 0.89% Ni, 0.35% Cu and 1.36 g/t Pd over 6 meters. Drilling continues on this anomaly.

2) Latest drilling at Eagle Two continued to probe deeper and delineate copper-nickel mineralization in a shear hosted sulphide setting (Eagle Two SHS Occurrence) now delineated down to a vertical depth of 400 meters along a strike length of 150 meters. Hole NOT-08-1G32 encountered 2.86% Ni, 0.56% Cu, and 0.15 g/t Pd over 3.6 meters.

The anomaly drilling program on our Double Eagle Project continues with one drill testing the chrome potential of Blackbird Two, located approximately 1 kilometre east of Blackbird One (chrome component of AT2 anomaly). A second drill continues to test anomaly AT12, while the third drill has been moved to continue the depth and strike extension potential south of the Eagle One Magmatic Massive Sulphide Deposit. Recall that the AT2 airborne anomaly consists of copper-nickel sulphide mineralization in a Shear Hosted Sulphide ("SHS") environment referred to as "Eagle Two", as well as layered chromite mineralization in a peridotite intrusive geological environment, referred to as "Blackbird One" so as to distinguish this site from the Eagle Two deposit. Information on the Blackbird One chrome occurrence as well as other news related to the chrome potential of the area as encountered at Blackbird Two will be the subject of a separate release to be issued soon.

A fourth drill has recently been mobilized into the Ring of Fire area and is currently working on the Seafield Option property located approximately 65 kilometres to the north of the Eagle One Deposit. Seafield Resources Ltd. is earning in on this property from Noront. Noront is operator during the initial earn-in period. Other option properties are being readied for initial diamond drill programs to test airborne identified geophysical anomalies that have been upgraded to drill targets as a result of ground geophysical surveys and geological review, all within the geophysically interpreted northerly extension of the Ring of Fire Intrusive ("ROF").

The current drilling program at Eagle One South is designed to test for additional resources along strike and to depth towards the south. This program will also include additional infill drilling as needed for resource upgrading purposes. As previously announced (see press release dated July 4, 2008) the Eagle One Deposit currently hosts an indicated resource of 1.83 million tonnes averaging 1.96% nickel, 1.18% copper, 1.12 g/t Pt, 3.91 g/t Pd, as well as an inferred resource of 1.09 million tonnes averaging 2.39% nickel, 1.27% copper, 1.37 g/t Pt and 4.5 g/t Pd.

AT12 Anomaly

The AT12 airborne anomaly is located approximately 9.5 kilometers northeast of the Eagle One Deposit. Drill testing initially focused on the north end of this long, northeast-southwesterly striking strong coincident magnetic and conductive target. Eight drill holes have explored this target (the ninth is underway), however only six were completed due to problems encountered while trying to penetrate the very thick and unpredictable overburden in this particular area. The other two holes were lost in overburden. The attached table provides details of this drilling as well as observed visual mineralization where applicable. Assays for these listed holes are pending, and these results are based on visual observations only. Visual observations are estimates only and pending assay results may not confirm visual observations in whole or in part.




Location of Anomaly AT12 Drill Holes and Visually Observed Mineralization

----------------------------------------------------------------------------
----------------------------------------------------------------------------
Easting Northing Mineralization
Hole ID UTM (m) UTM (m) Azimuth Dip Length (m) (observed)
----------------------------------------------------------------------------
95.85 - 99.58
semi-massive
NOT-08-2G1 553772 5850735 295 -50 240 po, pn, cpy
----------------------------------------------------------------------------
99.58 - 122.84
disseminated
sulphides
--------------------
122.84 - 129.5
intermittent diss
- semi mass po, pn,
cpy
--------------------
139.5 - 169.0
minor sulphides
----------------------------------------------------------------------------
147.0 - 213.0
disseminated
NOT-08-2G2 553772 5850735 295 -70 306 sulphides
----------------------------------------------------------------------------
213.0 - 242.2
intermittent diss
- semi mass po, pn,
cpy
----------------------------------------------------------------------------
no significant
NOT-08-2G3 553829 5850592 295 -50 324 mineralization
----------------------------------------------------------------------------
no significant
NOT-08-2G4 553829 5850592 295 -70 402 mineralization
----------------------------------------------------------------------------
NOT-08-2G5 553930 5850782 295 -65 37.5 no core recovered
----------------------------------------------------------------------------
NOT-08-2G5A/B 553930 5850782 295 -65 36 no core recovered
----------------------------------------------------------------------------
NOT-08-2G5C 553930 5850782 295 -65 44 no core recovered
----------------------------------------------------------------------------
NOT-08-2G5D 553930 5850782 295 -65 33 no core recovered
----------------------------------------------------------------------------
NOT-08-2G6 553632 5850913 115 -50 39 no core recovered
----------------------------------------------------------------------------
NOT-08-2G6A 553632 5850913 115 -50 27 no core recovered
----------------------------------------------------------------------------
no significant
NOT-08-2G7 553772 5850735 335 -50 297 mineralization
----------------------------------------------------------------------------
no significant
NOT-08-2G8 553978 5850640 295 -50 441 mineralization
----------------------------------------------------------------------------
NOT-08-2G9 5530990 5850520 295 -45 current
----------------------------------------------------------------------------
----------------------------------------------------------------------------


The widths contained in the above table are not true widths as insufficient drilling has been completed on this occurrence to determine true widths.

Recently received assays from AT12

Assay results have recently been received for hole NOT-08-1G1. Three separate zones of nickel mineralization were encountered, along with minor copper as well as palladium. The following table presents the results received from anomaly AT12 thus far. This mineralization is hosted by an altered peridotite. One short section of massive sulfide (0.16 meters) starting at 125.4 metre core length averaged 6.37% Ni, 3.53% Cu, 0.12g/t Pt and 13.3 g/t Pd. Drilling continues at this anomaly.




----------------------------------------------------------------------------
----------------------------------------------------------------------------
Hole ID From To Interval Nickel Copper Palladium
----------------------------------------------------------------------------
(m) (m) (m) % % g/t
----------------------------------------------------------------
----------------------------------------------------------------------------
NOT-08-2G1 97.0 105.0 8.0 0.66 0.05 na
----------------------------------------------------------------
121.5 127.5 6.0 0.89 0.35 1.36
----------------------------------------------------------------
136.5 139.5 3.0 0.81 0.34 0.7
----------------------------------------------------------------------------
----------------------------------------------------------------------------


EAGLE TWO Ni-Cu OCCURRENCE

Complete assays from the only two holes at Eagle Two that have been received since the last press release (July 17, 2008) are described below. The current drilling has continued to extend the mineralization containing visible copper-nickel sulphides to a vertical depth of 400 meters. The Eagle Two occurrence occupies a position conformable with and near the stratigraphic bottom of a wide Peridotite Sill which in turn unconformably overlies older Granodiorite basement rock. Assays are pending for the remaining holes. The interpretation of the new holes at Eagle Two confirms that the SHS zone continues to dip flatly at 50 to 60 degrees to the west and strikes north-south within the Peridotite sill or the "ROF".




Summary of Recent Drilling (since last press release, assays pending)

----------------------------------------------------------------------------
----------------------------------------------------------------------------
Azi-
muth dip
Northing Easting Northing Easting Len- Observed
Hole ID Local Local UTM UTM deg- deg- gth Mineralization
(m) (m) (m) (m) rees rees (m)
----------------------------------------------------------------------------
NOT-08 No significant
-1G55 1025 3175 5842212 545900 0 -90 648 mineralization
----------------------------------------------------------------------------
NOT-08 156.4 - 161.9
-1G56 1115 3250 5842325 545900 0 -90 867 minor py
----------------------------------------------------------------------------
163.4 - 170.9
minor py
---------------
174.3 - 178.2
minor py
----------------------------------------------------------------------------
NOT-08 189.8 - 202.2
-1G58 750 3245 5842060 546150 0 -90 546 diss po, cp, pn
----------------------------------------------------------------------------
248.5 - 250.7
short mass
chrome beds
----------------------------------------------------------------------------
296.7 - 299.4
short mass
chrome beds
----------------------------------------------------------------------------
330.5 - 371.2
several narrow
mass chrome
beds
----------------------------------------------------------------------------
370.0 - 373.8
NOT-08 veinlets cp,
-1G60 2100 6200 5842100 546200 0 -90 454.5 po, tr.pn.
----------------------------------------------------------------------------
379.0 - 382.3
veinlets cp,
po, pn,
semi-mass.
----------------------------------------------------------------------------
382.3 - 387.3
diss po, cp,
pn
----------------------------------------------------------------------------
NOT-08 441.8 - 442.2
-1G62 2137.5 6250 5842137.5 546250 0 -90 804.6 diss po, cp
----------------------------------------------------------------------------
705.0 - 713.0
diss - semi
mass chrome
---------------
713.8 - 714.3
diss po, cp,
pn
---------------
722.9 - 726.0
diss - semi
mass chrome
---------------
734.0 - 736.0
mass - semi
mass chrome
----------------------------------------------------------------------------
----------------------------------------------------------------------------


Due to the limited number of drill hole and assay results, true widths are not yet determined for the Eagle Two Deposit. Visual observations are estimates only and pending assay results may not confirm visual observations in whole or in part.

Recently received Significant Assay Results (Eagle Two)

Assay results have recently been received for two holes that were drilled to test for nickel - copper mineralization at the Eagle Two shear hosted sulphide deposit. These holes continue to confirm the depth and size potential of this deposit. (Please note that the chrome potential for the Eagle Two Deposit is not presented here; it will be the subject of a separate release pertaining to Blackbird One.)




---------------------------------------------------------------------------
---------------------------------------------------------------------------
Hole ID From To Interval Nickel Copper Palladium
(m) (m) (m) (%) (%) g/t
---------------------------------------------------------------------------
NOT-08-1G32 289.5 301.5 12.0 1.17 0.38 0.11
---------------------------------------------------------------------------
including 297.0 300.6 3.6 2.86 0.56 0.15
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-08-1G35 382.0 387.0 5.0 1.52 0.23 0.18
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-08-1G36 hole abandoned
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-08-1G37 hole abandoned
---------------------------------------------------------------------------
---------------------------------------------------------------------------


Drilling has concluded at present at Anomaly AT2. One drill continues to test the nearby Blackbird Two chrome occurrence, while the other drill that was assigned to this deposit has been moved to the Eagle One south extension. Once all assays are in, an initial resource estimate for Eagle Two will be initiated.

Other Anomaly Drilling Programs

Ground geophysical surveying is well underway at the Double Eagle project Grid 2 area, as well as other areas. Linecutting, followed by ground geophysics has commenced for the numerous options to joint venture properties that are operated by Noront around the Ring of Fire. Since January 2008, Noront staked many additional claims and continues to acquire additional land by staking and joint venture. All areas are being surveyed by Geotech Ltd's new deep penetrating airborne Time-Domain Electromagnetic ("VTEM") system over the next few months. This new helicopter mounted system has demonstrable and acceptable conductance discrimination for high conductance targets by using a low frequency (30 Hz), long on-pulse and derived B-Field. Noront has amassed over 48,600 hectares of prospective ground and is in joint venture with several other resource companies on approximately 68,000 hectares. Collectively, Noront holds interest in approximately 116,800 hectares or 1,166 square kilometers of staked land within what management believes is the most favorable exploration area. A third drill has commenced on the Double Eagle Project to test airborne anomalies, all of which have undergone further ground geophysical surveying including AT-5, AT-6, AT-7 (all on Grid One) and AT12 (first anomaly on Grid 2) all east and north of the Eagle One Deposit. Previous drilling to initially test some of these anomalies has been previously reported (July 17, 2008).

AT3 Anomaly

As reported earlier (May 27, 2008) a total of 2,621 meters were drilled in eight holes testing airborne anomaly AT3 located 4 kilometers to the southwest of Eagle One, or two kilometers west of Eagle Two. Whereas at the time of the last press release dated July 17, 2008 results from holes NOT-08-1G26 were still pending, these results have recently been received. Only anomalous (0.15 to 0.24 %) nickel values were received from this hole. No further work is currently planned at this anomaly.

AT4 Anomaly

As reported May 27, 2008, a total of 951 meters in three holes were completed to test airborne anomaly AT4 and its southwestern extension, located 5.5 kilometers southwest of Eagle One. Two of these holes encountered volcanogenic massive sulphide ("VMS") style mineralization in intermediate to felsic volcanic assemblages and the third hole was lost. The holes returned several large widths of barren sulphide mineralization in favorable volcanic rocks uncomformably overlying the ROF intrusive. Assays received from the two holes returned interesting gold values, highlighted by NOT -1G34 that encountered 11.1 g/t gold over 1.0 meters. Minor amounts of copper were also encountered by both holes. Additional review of the existing geophysical data will be undertaken on this anomaly.




Recently received assay results (AT4)

---------------------------------------------------------------------------
---------------------------------------------------------------------------
Hole ID From To Interval Copper Gold Silver
---------------------------------------------------------------------------
(m) (m) (m) (%) g/t g/t
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-08-1G30 394.7 395.4 0.7 0.14 9.0 3.9
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-08-1G33 abandoned
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-08-1G34 82.5 83.5 1.0 0.24 11.1 1.4
---------------------------------------------------------------------------
---------------------------------------------------------------------------


INDEPENDENT QUALITY CONTROL AND ANALYTICAL PROTOCOL

A thorough quality control program is in effect for the Double Eagle project which, has included grouping samples into batches of 35 into each of which were added 2 certified reference material standards, 2 field blanks comprised of sterile drill core, and a field duplicate. Coarse reject and pulp duplicates also form part of each batch. It can be said with confidence that all assays as reported in this Press Release have passed the strict quality control guidelines as set out by Independent Qualified Person ("IQP") Ms. Tracy Armstrong P.Geo. of P&E Mining Consultants Inc.

All samples reported upon herein were completed by Activation Labs (Actlabs) of Ancaster, Ontario. The samples submitted to Actlabs were analyzed using four acid digestion followed by ICP multi-element analysis. The Cu and Ni samples that received values greater than the maximum limit using the multi-element analysis underwent further analysis using ICP-OES. For precious metals the assay methodology was Fire Assay/ICP. For more information on assay methodology please visit the Activation Laboratories Ltd. Website at http://www.actlabs.int.com.

Drilling results in this press release have been reviewed in the field and approved for dissemination by Noront's senior management including John Harvey, P.Eng. Chief Operating Officer of Noront and Dr. Jim Mungall P.Geo., Noront's Chief Geologist, both being Qualified Persons under Canadian Securities guidelines. Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,493,883 shares issued to date.

Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updated in real time.

For Further information please visit Noront's website at: http://www.norontresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS:

R. Nemis, President and Chief Executive Officer

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



Contact:
Neil Novak, P.Geo.
Noront Resources Ltd.
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.norontresources.com

[mike32]

NEWS von WINDFALL :

This project currently covers two adjacent claim blocks (1,440 hectares) of which Noront holds a 100% interest in Chibougamau Mining District in Urban Township (Abitibi Region), Quebec.

Advanced drilling (over 200 holes to date) has outlined a number of high grade gold zones at various depths including 4.8 meters of 52.3 ounces per ton of gold.

The Company and its engineers have designed and permitted an exploration ramp (4.5 meter diameter) to bulk sample some of these zones. The ramp will greatly enhance the geological understanding of the mineralized system and allow the Company to formalize a resource estimate.

The exploration ramp and construction is currently underway as of January 2008. Significant visible gold has been observed as the ramp proceeds to additional zones with exceptional samples at Zone 17.


http://www.norontresources.com/projects/windfall-lake/index.…

gruss mike

[Radikalinsky]

Nimmer ganz aktuell, aber gut.

http://agoracom.com/ir/Noront/messages/945000


Noront's Corporate Presentation yesterday in Vancouver...

Posted by: snezzer on September 18, 2008 04:15PM

Hey everybody. I made it to Noront’s presentation at the Vancouver Terminal City Club Tower yesterday afternoon. Wow... I was out of place there. Shorts, sandals, polo shirt. There was one other guy there in jeans. But everyone else had a suit and jacket. The guy sitting next to me asked me how I got into the room dressed like that, because he was told there was a dress code. I just laughed and told him that I didn’t really care. My money is as good as anybody else’s. We were given a bag filled with: a map of Mcfaulds, a Bold Ventures Inc info sheet, a copy of the Resource World magazine with Nemis/Harvey on the front, and an updated (Sept 08) booklet of the Noront “Poised for Growth and Increasing Shareholder Value” – which has been on Noront’s website for awhile. Not sure if the one on the website is the September version or not. Anyway this is what Feeney followed during his presentation.

I brought my laptop and typed some things as I heard them. Kevin Feeney, CFO was the presenter. Neil Novak was there, but didn’t get up and speak. He just interjected from time to time. Michael White from IBK was also there.

Obviously there isn’t really anything NEW in this presentation. So, most or all of what I tell you is old news. But I was happy to go and was encouraged by almost everything... mostly by the chromite aspect of Noront’s finds. There is one concern that I have... but I will get to that.

If my notes below are a bit disjointed I apologize in advance.

First of all... AT12 – they continue to drill it.... potential to be another major ni-cu-pge find. Have not given up. The overburden is thick there and causes difficulty in drilling.

E1 – 43-101 doesn’t include the lower grade nickel in the surrounding periodite. So, more like 5 million tons in total. But THAT’s IT. It is not getting bigger. It is defined. But they are exploring the conduit to the south to find more pools. This sounded very encouraging. But I always thought that E1 had the potential to be bigger. Apparently not. But, they have a theory that the conduit open to the south will lead them to other pools of ni-cu-pges. I realize that what i have just written is the worst possible explanation of what is going on (from a geological standpoint) but dem's da way she's in my head. And dem's da way she pours out.

E2 – way bigger than E1– but with smaller grades of nickel.

Will cost about 750million to get E1 out of the ground – to earn about 2 billiondollars. - Scoping study being done right now by P&E for a formal 3rd party estimate on costs to get the minerals out of the ground at E1 by itself.

Now onto the Chromite!!! This definitely was the thrust of the presentation... trying to get people to realize how freaking amazing of a find the chromite is!!! But they did mention that despite the hugeness of the Chromite find.... they continue to persist in drilling for NI-Cu-PGEs because they believe there is more there.

BB1 – ranging from 20m to 70m widths. Think true widths of 30m. Not official yet, of course. But fairly simple shape, unlike E1, which was very irregular. ALL of this chromite is “hard, lump” constistency. Compared to other mines in the world... this IS world class grade and type. Only size remaining to be shown officially. But they THINK they’ve got LOTS. And they mentioned FWR’s chromite visuals and SPQ/FWR/KWG’s chromite find as well as theorized that this all may connect. And then Neil added that 'Remember, this is just a 20km range we're tlaking about here. The entire Ring is 400km long. So..." I’m 95% positive he said that “NEW ASSAYS WILL COME OUT NEXT WEEK.” But I don’t know if that means that a NR will also come out. He emphasized that as they go deeper... grades are getting better. He emphasized this to me in person as well. Feeney sounds very excited about this chromite.

This was a big point for me: Within 48hrs of releasing results.. all majors from around the world were knocking on the door thinking that NOT did not know what they were talking about – that they’d made a mistake. The grades and widths were so high that they honestly thought Noront’s numbers were an error. They said... “At 30%+ grades call us when you have 30-40 million tons”. So clearly the producers are interested. Funny, because when BB news was released... SP went DOWN! N America doesn’t get it. This seemed to be a big thrust of Feeney’s presentation... the fact that the chromite is fantastic and yet, somehow the North American market reeeeally just doesn’t understand it. Including instutional investors. Nobody knows about chromite. I have a feeling us Agoracom users know more about chromite than MANY institutional investors, and even industry analysts, etc.

Apparently they will be going to Europe to do some IR later in the year where Chromite IS understood. He mentioned looking forward to presenting their case at an International Conference of Chromite Producers in December. I think I got that right.

No assays on Blackbird 2 yet.... but visuals suggest identical grades to BB1. BB2 to be drilled out in 100m steps. BB1 is in excess of 10million tons already, they believe. BB2 is twice the signature size. This doesn’t necessarily mean that it is twice as large though. But they think it could be very large. Are they connected??? That is the magic question. After stepping out drill holes on BB2 to determine a rough size – they will go back and drill between BB1 and BB2. Our find is similar to Kemi (26%)in geology, which is like ’11 sausage links’, but we have higher grades (40%).

IMPORTANT: Not interested in finishing 43-101 yet... majors will not be predators until they have certainty, according to Kevin. This was encouraging to me. So, Noront is interested in figuring out what the extent of their mineralization is on their properties by doing their own estimates through step-out drilling. Feeney said, "Majors WANT/NEED a 43-101. Only 14 holes done on BB1. Need 40 holes done to do a formal 43-101. Per body. Loooong road." (the quote isn't exact, but close to exact). Ideal scenario according to Feeney: put drill holes in 5 or 6 Chromite bodies so a major comes along and looks are the rough date and assays and finally believes and says “OK... even without the 43-101 we get it – you’ve got a lot of chromite. so let’s partner up.” Then we could borrow 100-200million to prove up resource while continually look for NI-Cu-PGE resources on the way.

Would consider a “Chromite Consortium” with FWR, SPQ, etc.... to make the Chromite find more ‘buyable’ to a major. This was only briefly mentioned. Didn't ask him about it after. I wish I had.

Spot/contract prices for ferrochrome expected to go above $3 in 2009... Feeney actually said this: “Imagine if I was here telling you right now that we had hit 40% copper over impressive widths!” Honestly.. people DO NOT GET IT!

Spoke a lot about current world chromite producers. You can read up on that. But basically the jist was that in Canada, near Thunder Bay, we have good cheap energy, good grades, size?, skilled labour (from many layoffs in industry sector).

Road costs... someone asked how much this would cost. He gave some general answers... I can’t remember exactly. Sorry. but no scoping study done yet. Doing their own study but can’t release numbers yet. They just want to get handle on it themselves. I THINK I heard neil say they were going to do a formal scoping study (third party) in October. But they are confident that the road costs/railroad costs will be ‘worth it’ in light of what the potential financial gains. We, on this forum, are also confident in that. Have been for awhile.

OK... now onto Noront’s financial situation. This is where my concern lies. We have 40million in the bank. Plus 4 million worth of warrants (at .75) that PROBABLY will be exercised before Christmas. If they are... that gives us 44million in the coffers. Roughly 11 months, according to Feeney.

This was the concern of most investors in the room, IMO – running out of money and having to do financing at such a low share price. Feeney explained that he does NOT want to go to market in these conditions. Of course he said that. He would be an idiot otherwise. No surprise there. He is considering doing a flow-through so that he doesn’t have to use hard cash for exploration. But he is just considering it right now – he is unsure about doing that in these markets. (I do not understand what a flow-through really is... perhaps someone else on the forum can enlighten us.)

So, Feeney is hoping (as many of us have expected) to get more money from other properties. Windfall was discusse briefly, but only as a cash cow. Feeney said that 'Windfall is NOT a strategic property.' They will either Spin it off or JV it out. Our Tungsten JV – Cadillac is currently in talks with producer... so, we look forward to getting our money out of that. No timeline was given. Possible to get some money out of Mexico properties. A GOOD looking Gold property in China. It is clear that Feeney is on a mission to get money ANY OTHER WAY than by going to the market in these difficult times. It makes me wonder if Windfall may get sold off at much less than what some of us longs originally expected. The goal now is obviously to deal with the highest financial gain potential. And that is the ROF, according to Feeney. Not Windfall. He said to me that "to Gold Bugs and Gold expliorers Windfall is veeery exciting, but strictly from a financial gain standpoint... ROF is a better place to be putting their money."

So... it seems that the plan is the get money out of Windfall to use at Mcfaulds. I don't know exactly how that will look. Within the next 2 months they should be at the place where they are analyzing all of the material they removed from Windfall zones. Then they can get a grip on the average grades of gold throughout so that we can either sell it or JV or whatever. JUST like many of our posters here have been suggesting for months.

OK... that’s it. I’m holding long and strong to my NOT shares. I may have overextended myself on my credit line...which means that in a few months I may have to sell a small amount of shares at a loss. That would suck – but would be 100% my fault. C’est la vie. That’s life. Es la vida. Hopefully our sp is back where it belongs before that happens, right?

If you have any questions for me... please feel free to ask. I do not have much more information from the meeting. Didn’t stay too long after. Didn’t speak to Neil. There were several people talking with him. And I had to get home.

Cheers to all,

~snezzer (That’s 2 Zs. Only 1 E).

[Fantomas96]

Mögliche Windfall und RoF Optionen :


Who needs Capital Markets anyway?

Posted by: LTGoldBull2 on October 03, 2008 09:39AM

NOT doesn’t as I see RN’s vision reviewing the new presentation and Highgrader’s posting last night, made one put 2 and 2 together.

“Going, going, .... I believe Windfall is Half Gone”

Have been a big Windfall fan since ’06 but 100M for 40-50% for the good of the overall company goal at RoF is acceptable to me..

“to be announced at the AGM
completed before the New Year
40 - 50% of Windfall "spun off "
loss of operational control, windfall
will remain in NOT portfolio
serious cash involved, in excess of 100 extra extra large now, and additional funds in the future “

RN’s vision, let’s produce RoF w/o the need of Capital markets for funding. Hey good for shareholders, no dilution.

From the presentation 35/53, “Non Strategic Projects on Hold”, this is not Windfall.

“Sell or Spinoff Non Strategic Assets” this is Windfall, gain $100M maintaining 50% interest for future gains.

Add $100M to NOT treasury for RoF…Now $140M + still own 50% Windfall

The RoF Plan

Roads/Rail – Webequie – 59km west, Victor Mine – 170km east, Marten Falls – 115km due south.

While all 3 routes are still on the table, Webequie being the closest, see 33/53 in presentation, “Discussion Underway” for the Marten Falls route, why?

Railhead at Nakina, then you have more central access to either Thunder Bay or Timmons/Sudbury. All season road now under construction from Nakina to Marten Falls, in progress as we speak..

The Plan imo.

Direct ship unprocessed Eagle 1 NI/CU Pge’s to Timmons/Sudbury for smelting to fund Chromium production plans. This increasing NOT’s Treasury ($40M + $100M Windfall + Eagle One Unprocessed Ore = Chromium Production)
2. The Goal, to fund the processing of Chromium, still 3 options;

$600/T 40% Cr2O3 unprocessed, $800/T Concentrate, $1850/T Smelting ($2.05/lb)

100 Million is required for “Attrition Mill and High Gravity Separator” or,

500 Million for “Single Large Smelter” (400,000 T Ferrochrome)

Whether the Chromium is Milled or Smelted is Noront’s endgame to become a producer, without diluting existing shareholders in the process. AGM should be exciting as the plan is laid out publicly. I like it.

Cheers, Mark



FANTOMAS

[Fantomas96]

Jim Rogers in der Financial Post zu Commodities:

http://network.nationalpost.com/np/blogs/fpposted/archive/20…


Jim Rogers: Commodities have another decade or longer to run

Posted: October 03, 2008, 12:00 PM by Peter Koven


With global growth slowing and commodity stocks collapsing, investors are all asking: is the big resource boom coming to end?

Not even close, according to one of its biggest backers.

Speaking at the Toronto CFA Society's annual forecast dinner, high-profile investor Jim Rogers laid out the case that commodity prices are going to stay elevated for a long time, regardless of the unprecedented turmoil in the United States.

Mr. Rogers, who famously spent three years driving around the world, argued that most people still "don't know anything" about commodities despite the boom of the last five years (even saying that less than 100 of the world's 70,000 mutual funds are focused on them). He pointed out that other resource booms have lasted 15 to 23 years, and there is no reason to think this one will be any different. He figures it could run to around 2018 or 2020.

Of course, the main reason he cited is China. He said the 21st century belongs to the Chinese the way the 20th belonged to America, and practically pleaded with the audience to teach their kids Mandarin. He added that three billion people in Asia want to live like we do, and this will continue to constrain supplies well into the future.


"In China, you're still allowed to sell short," he chuckled, getting a big laugh from the audience.

As far as the latest market turmoil goes, he acknowledged that a U.S. recession could keep pushing everything down in the short-term, but eventually fundamentals will win out.

"My little girls have never owned a stock or bond. They only own commodities," he said.

And for all the Wall Street MBAs that are now out of work, Mr. Rogers has some advice: "Learn how to drive a tractor."

Peter Koven



FANTOMAS

[Fantomas96]

Noront Resources Ltd.: MMS Style Copper-Nickel Sulphide Mineralization Continues to be Returned From AT12 Anomaly

Monday October 6, 3:40 pm ET


http://biz.yahoo.com/iw/081006/0440563.html


TORONTO, ONTARIO--(MARKET WIRE)--Oct 6, 2008 -- Noront Resources Ltd. ("Noront") (CDNX:NOT.V - News) is pleased to report the following additional drilling results from the AT12 Anomaly site in the McFaulds Lake area of northern Ontario in the James Bay Lowlands.

Diamond drilling continues as 9 holes have been completed to date, one hole abandoned due to flattening (NOT-08-2G9) and two holes abandoned after 3 unsuccessful attempts to reach bedrock for each (hole nos. NOT-08-2G5 and 6). To date with the completion of hole no. NOT-08-2G12, 3665.5 meters (including 684.9 meters of overburden drilling) has been completed. While several weeks were lost with the unsuccessful attempts to penetrate the difficult overburden, the program is now progressing well by fanning out with multiple holes from drill set-ups where the thick overburden can be penetrated.

Assay turnaround time continues to be excessive (6-8 weeks) with assays from NOT-08-2G1 being previously reported and hole no. NOT-08-2G2 reported below. There are samples out from four other holes with assays pending. Two holes as indicated in Table 1 did not intersect any significant mineralization. The 9 holes completed to date have tested the north-south striking Airborne AT12 coincident, magnetic-conductive Airborne anomaly, which continues weakly to the south and abruptly terminates to the north where the overburden thickness increases. Drilling thus far has encountered significant iron-copper-nickel sulphide mineralization within a Peridotite host rock (conduit) encased within an older Granodiorite Intrusive similar to the Eagle One geological environment 9.5km to the southwest. The Peridotite host has not returned any significant sulphide mineralization below 200 meters thus far. The strike length of the occurrence tested to date is approximately 150 meters and core widths of the near vertical MMS dipping sulphide occurrence varies up to a maximum of 46.7 meters. The AT12 mineralized occurrence remains open to the south where future drilling will be carried out as well as fill-in definition drilling for Resource Inventory calculations.

Extension of the favourable Peridotite filled conduit will be tested along the north-south strike projection with deep penetrating geophysical methods to outline conductive bodies similar to AT12 beneath the existing shallow detection limits of the existing Airborne technology.

A previous press release (dated September 15, 2008) provided details of the first eight holes. The following table provides details of additional drilling as well as observed visual mineralization in the last two holes recently completed.



TABLE 1

---------------------------------------------------------------------------
Hole ID Easting Northing Azimuth Dip Length Mineralization
UTM(m) UTM(m) (m) (observed)
---------------------------------------------------------------------------
NOT-08-2G9 553990 5850520 295 -45 295.0 Hole abandoned due to
excessive deviation
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-08-2G10 553990 5850520 295 -62 627.0 No significant
mineralization
encountered
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-08-2G11 553772 5850735 315 -60 225.0 122.7-169.4 (46.7m)
Mineralized Peridotite
disseminated with
intermittent massive
to semi-massive bands
iron, copper, nickel
sulphides
---------------------------------------------------------------------------

---------------------------------------------------------------------------
NOT-08-2G12 553772 5850735 315 -65 291.0 189.2-233.1 (43.9m)
Mineralized Peridotite
disseminated with
intermittent massive
to semi-massive bands
iron, copper, nickel
sulphides
---------------------------------------------------------------------------

---------------------------------------------------------------------------
The foregoing represents visual observations only, as reported by qualified geologists, however these are estimates only and pending assay results may not confirm visual observations in whole or in part. The widths contained in the above table are not true widths as insufficient drilling has been completed on this occurrence to determine true widths.



Assay results have recently been received for hole NOT-08-1G2.

---------------------------------------------------------------------------
Hole ID From To Int. Ni% Cu% Pt Pd Au Ag
(m) (m) (m) (g/t) (g/t) (g/t) (g/t)
---------------------------------------------------------------------------
NOT-08-2G02 196.5 226.1 29.6 0.72 0.18 0.13 0.57 0.21 0.13
---------------------------------------------------------------------------
including 216.3 226.1 9.8 1.41 0.29 0.16 0.77 0.55 1.54
---------------------------------------------------------------------------
INDEPENDENT QUALITY CONTROL AND ANALYTICAL PROTOCOL

A thorough quality control program is in effect for the AT12 project which has included grouping samples into batches of 35 into each of which were added 2 certified reference material standards, 2 field blanks comprised of sterile drill core, and a field duplicate. Coarse reject and pulp duplicates also form part of each batch. It can be said with confidence that all assays as reported in this Press Release have passed the strict quality control guidelines as set out by Independent Qualified Person ("IQP") Ms. Tracy Armstrong P.Geo. of P&E Mining Consultants Inc.

All samples reported upon herein were completed by Activation Labs (Actlabs) of Ancaster, Ontario. The samples submitted to Actlabs were analyzed using four acid digestion followed by ICP multi-element analysis. The Cu and Ni samples that received values greater than the maximum limit using the multi-element analysis underwent further analysis using ICP-OES. For precious metals the assay methodology was Fire Assay/ICP. For more information on assay methodology please visit the Activation Laboratories Ltd. Website at http://www.actlabs.int.com.

Drilling results in this press release have been reviewed in the field and approved for dissemination by Noront's senior management including John Harvey, P.Eng. Chief Operating Officer of Noront and Dr. Jim Mungall P.Geo., Noront's Chief Geologist, both being Qualified Persons under Canadian Securities guidelines. Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,894,783 shares issued to date.

Investors are invited to visit Noront's IR Hub at www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers by other investors. Alternatively, you can email questions to [e-mail] and also request to be added to the investor email list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS:

R. Nemis, President and Chief Executive Officer

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".



The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



Contact:
Contacts:
Noront Resources Ltd.
Neil Novak, P.Geo.
[phone]
[phone] (FAX)
Email: [e-mail]
Website: http://www.norontresources.com


FANTOMAS

[Fantomas96]

http://blog.agoracom.com/2008/10/09/breaking-news-the-latest…


BREAKING NEWS - The Latest And Biggest Battle For A Canadian Junior Resource Company
October 9th, 2008


Fresh off the heels of the battle for control of Aurelian Resources, in which Aurelian shareholders used their community on AGORACOM to launch a massive campaign against a “friendly bid” by Kinross Resources, the Canadian junior resource market is once again embroiled in what may be the mother of all battles for Noront Resource (NOT: TSXV).

(FULL DISCLOSURE: Noront Resources Is An AGORACOM Client)

Noront Resources has been the sector darling over the past 12 months, including being named to the 2008 TSX Venture 50, a ranking of Canada’s top emerging public companies listed on TSX Venture Exchange. Within the TSX Venture 50, Noront Resources was the #1 ranked company in the mining category.

Noront achieved much of its success and notoriety following the September 2007 discovery of a high-grade deposit of nickel, copper, platinum and palladium in the McFaulds Lake area in the James Bay Lowlands. The discovery created a surge of staking and exploration in the area, which is now commonly referred to as the “Ring Of Fire”.

Rosseau Asset Management Ltd. Proposes To Replace Noront’s Board At Upcoming AGM

Rosseau, a hedge fund, issued this press release at 7:30 AM today, advising it would be running its own slate of directors at the upcoming Noront AGM. You can review the reasons but it basically states “we can do better”.

In a huge twist of irony, the Rosseau press release names Patrick Anderson as one of the slate members. That’s right, the CEO of Aurelian Resources that many shareholders believe gave away the world’s best gold find over the last 20 years to Kinross Gold (please review links at the top of the page).

With respect to share ownership, Rosseau its officers and employees collectively own or control a total of 11,912,901 common shares of Noront, representing approximately 9.2 per cent of the common shares of Noront entitled to be voted at the meeting. However, I think it is fair to assume that Rosseau has already spoken to other shareholders sharing their views.

NORONT ISSUES PRESS RELEASE ADVISING SHAREHOLDERS TO VOTE AGAINST ROSSEAU SLATE AFTER ROSSEAU REJECTS COMPROMISE.


As expected, Noront Resources issued this press release shortly after 11 AM, advising shareholders to vote against the Rosseau slate. What was both surprising and a rallying point for Noront shareholders is the fact that Noront attempted to avoid a proxy battle and address Rosseau concerns:

“In an effort to avoid the cost and dislocation to all Noront shareholders that
would inevitably accompany a proxy fight, the Special Committee sought to
address Rosseau’s concerns and attempted to negotiate a compromise position
that would result in a more balanced Board of Directors than the slate of directors
suggested by Rosseau. Rosseau rejected Noront’s compromise proposal and
has commenced its proxy fight with the filing of the Dissident’s Circular.”

OPPORTUNISTIC MOTIVATIONS VS SHAREHOLDER VALUE MOTIVATIONS

Despite Noront’s best and reasonable efforts, Rosseau balked and went ahead with its plans. This clearly puts Rosseau’s motives in question, unless the Rosseau group wants investors to believe the entire current board and management team was worth jettisoning.

I’m a reasonable guy and just as interested as any shareholder to maximize the value of our 175,000 shares - but I’ve watched this team build Noront to where it is today, so don’t try selling shareholders on them suddenly being useless. Especially not under the guise of “enhancing value for the benefit of all shareholders of Noront.” The sector is weak, Noront’s share price is weak and you are moving in for the kill. I can respect that - but call it what it really is.

As such, in a post made earlier today but prior to seeing Noront’s press release, I stated as follows:

“…can you trust (Patrick) Anderson with Noront? Do you want to risk seeing Noront
flipped into a bigger company for a song? In my opinion, this is nothing more
than an opportunist move on Noront by people interested in getting their hands
on yet another incredible world-class project. It has nothing to do with creating
shareholder “value” for indiviudal shareholders. Their prosperity will come first. Period.”

Evidently, Noront saw things the same way once it was clear that Rosseau had no interest in negotiating a compromise - and stated as much in its press release:

NORONT’S SPECIAL COMMITTEE AND BOARD OF DIRECTORS BELIEVES
ROSSEAU’S ACTION IS NOT IN THE BEST INTERESTS OF NORONT SHAREHOLDERS.
IT IS AN OPPORTUNISTIC ATTEMPT, IN LIGHT OF EXTRAORDINARY RECENT
MARKET CONDITIONS, TO OBTAIN CONTROL OF NORONT THROUGH CONTROL
OF THE BOARD OF DIRECTORS.

The press release rallied Noront Resources investors who, by an overwhelming majority, are up in arms and rallying against the Rosseau plan. I wish I could provide you with examples but there have been well over 450 posts made on the Noront Discussion Forum since 7:30 AM and climbing by about 1 per minute. Yes, some are unhappy with the company’s share price performance over the last few months but many acknowledge that much of this is attributed to general market weakness that should not affect the long-term value of Noront’s projects.

With the AGM less than 3 weeks away, this promises to be yet another example of shareholder activism 2.0. This time, however, shareholder and management interests are aligned against an uninvited guest.

Regards,
George


FANTOMAS

[Fantomas96]

Noront Announces Assays Increasing Eagle Two Potential

Friday October 10, 4:08 pm ET


TORONTO, ONTARIO--(Marketwire - Oct. 10, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT - News) wishes to present the following update on its nickel - copper - platinum group metal exploration activities in the Ring of Fire portion of the McFaulds Lake area of northern Ontario in the James Bay Lowlands.



EXPLORATION HIGHLIGHTS

At Eagle Two, hole NOT-08-1G40 encountered 5.4 meters that averaged 2.17% Ni, 0.77% Cu and 0.23 g/t Pd. This was contained within a much broader mineralized zone of 24.7 meters that averaged 1.03% Ni, 0.31% Cu, and 0.11 g/t Pd between 270.8 and 295.5 meters down-hole.

Hole NOT-08-1G42 encountered 2.19% Ni, 0.78% Cu over 1.8 meters starting at 425 meters down-hole.


Three drills continue with an aggressive drilling program on Noront's 100% owned Double Eagle Project, with one drill testing the chrome potential of Blackbird Two chrome occurrence, which is located approximately 1 kilometre east of Blackbird One (chrome component of the AT2 anomaly and stratigraphically related to Eagle Two). A second drill continues to test anomaly AT12 located 9.5 kilometers to the northeast of the Eagle One Deposit (see press release dated October 6, 2008), while the third drill has been moved to continue to test the depth and strike extension potential south of the Eagle One Magmatic Massive Sulphide Deposit.

Information on the Blackbird One chrome occurrence, as well as other news related to the chrome potential of the area as encountered at Blackbird Two will be the subject of a separate chrome update release. This update will include some holes mentioned herein, where significant chrome mineralization was encountered - notably holes NOT-08-1G40 and 1G43.

EAGLE TWO Ni-Cu DEPOSIT

Complete assays from several holes at the Eagle Two Shear Hosted Sulphide ("SHS") deposit, that have been received since the last press release (September 15, 2008) are described below. The assay results reported herein continue to extend the moderate grade Ni-Cu-PGM mineralization to depth. The Eagle Two occurrence occupies a position conformable with and near the stratigraphic bottom of a wide Peridotite Sill which in turn unconformably overlies older Granodiorite basement rock. Diamond drilling has traced the Eagle Two deposit over a strike length of 300 meters and down plunge for about 500 meters. The observed width (not true width) of mineralization is variable along the plunge axis. Assays are pending for six remaining holes drilled to test Eagle Two. The interpretation of the new holes at Eagle Two confirms that the SHS zone continues to dip flatly at 50 to 60 degrees to the west and strikes north-south within the Peridotite sill or the "ROF".


Table 1 New Assays for Eagle Two

----------------------------------------------------------------------------
----------------------------------------------------------------------------
Hole ID from to int Cu Ni Pt Pd Au
(m) (m) (m) % % g/t g/t g/t
----------------------------------------------------------------------------
NOT-08-1G38 206.4 235.5 29.1 0.11 0.47 0.05 0.16 0.02
----------------------------------------------------------------------------
including 209.3 211.9 2.6 0.19 0.98 0.07 0.33 0.04
----------------------------------------------------------------------------

----------------------------------------------------------------------------
NOT-08-1G39 410.4 420.0 9.6 0.45 0.64 0.01 0.09 0.09
----------------------------------------------------------------------------

----------------------------------------------------------------------------
NOT-08-1G40 270.8 295.5 24.7 0.31 1.03 0.03 0.11 0.14
----------------------------------------------------------------------------
including 270.8 274.0 3.2 0.40 1.68 0.04 0.15 0.20
----------------------------------------------------------------------------
278.3 283.7 5.4 0.77 2.17 0.05 0.23 0.45
----------------------------------------------------------------------------

----------------------------------------------------------------------------
NOT-08-1G42 340.6 352.4 11.8 0.44 0.81 0.02 0.10 0.17
----------------------------------------------------------------------------
including 345.9 351.7 5.8 0.49 1.00 0.02 0.12 0.19
----------------------------------------------------------------------------
425.0 426.8 1.8 0.78 2.19 0.02 0.09 0.06
----------------------------------------------------------------------------

----------------------------------------------------------------------------
NOT-08-1G43 292.9 302.5 9.6 0.05 0.25 0.02 0.08 0.61
----------------------------------------------------------------------------
including 300.7 302.5 1.8 0.06 0.40 0.02 0.08 0.40
----------------------------------------------------------------------------

----------------------------------------------------------------------------
NOT-1G47 287.7 291.2 3.5 0.07 0.25 0.03 0.14 0.38
----------------------------------------------------------------------------

----------------------------------------------------------------------------
NOT-1G51 408.3 416.8 8.5 0.16 0.20 0.03 0.13 0.27
----------------------------------------------------------------------------
----------------------------------------------------------------------------


Drilling has concluded at present at Anomaly AT2. There are still a number of assays pending from six holes drilled to test Eagle Two's Ni-Cu-Pt-Pd potential that will be released when available.

OTHER ANOMALY DRILLING UPDATE

Anomaly testing on airborne anomalies designated AT5 and AT6 was completed during the months of June and July, 2008. Drill hole locations were reported in a press release dated July 17, 2008.

Anomaly AT5

This anomaly is located approximately 1.1 kilometers east of the Eagle One Deposit and has been described as a 500 meter long, 100 meter wide, moderate to strong magnetic anomaly with weak electromagnetic response. Three holes tested this anomaly, holes NOT-08-1G41 (abandoned), 1G44 and 1G46. The latter two drill holes were sampled whenever trace sulphides were identified in the core logging. The selected samples returned only geochemically anomalous values of Nickel (maximum 0.23% Nickel over a short interval). No further work is currently planned on this anomaly at this time.

Anomaly AT6

This anomaly is located approximately 2.0 kilometers northeast of the Eagle One Deposit. It is described as a string of electromagnetic anomalies over a distance of 450 meters along the southern flank of a strong magnetic anomaly. Three holes tested this anomaly, encountering iron formation, thus explaining the geophysical anomalies. Assay results have been recently received for hole NOT-1G50, 1G53 and 1G54. No significant assays were received. No further work is planned on this anomaly at this time.

INDEPENDENT QUALITY CONTROL AND ANALYTICAL PROTOCOL

A thorough quality control program is in effect for the Double Eagle Project which, has included grouping samples into batches of 35 into each of which were added 2 certified reference material standards, 2 field blanks comprised of sterile drill core, and a field duplicate. Coarse reject and pulp duplicates also form part of each batch. It can be said with confidence that all assays as reported in this Press Release have passed the strict quality control guidelines as set out by Independent Qualified Person ("IQP") Ms. Tracy Armstrong P.Geo. of P&E Mining Consultants Inc.

All samples reported upon herein were completed by Activation Labs (Actlabs) of Ancaster, Ontario. The samples submitted to Actlabs were analyzed using four acid digestion followed by ICP multi-element analysis.. The Cu and Ni samples that received values greater than the maximum limit using the multi-element analysis underwent further analysis using ICP-OES. For precious metals the assay methodology was Fire Assay/ICP. For more information on assay methodology please visit the Activation Laboratories Ltd. Website at http://www.actlabs.int.com

Drilling results in this press release have been reviewed in the field and approved for dissemination by Noront's senior management including John Harvey, P.Eng. Chief Operating Officer of Noront and Dr. Jim Mungall P.Geo., Noront's Chief Geologist, both being Qualified Persons under Canadian Securities guidelines. Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,894,783 shares issued to date.

Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updated in real time.

ON BEHALF OF THE BOARD OF DIRECTORS:

R. Nemis, President and Chief Executive Officer

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



Contact:
Neil Novak P.Geo.
Noront Resources Ltd.
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.norontresources.com


--------------------------------------------------------------------------------
Source: Noront Resources Ltd



FANTOMAS

[Fantomas96]

Gute zusammenfassende Antwort auf Rousseau´s "Übernahmeangebot" :


http://agoracom.com/ir/Noront/messages/970291#message


Repost: Rosseau Circular....a tissue of lies, half-truths, and deception
Posted by: hoov on October 10, 2008 04:40PM

(Slightly edited and revised.)

What a coincidence! After months of recurrent attacks by bashers, and in the midst of the most recent one, the short-selling market manipulating monster finally reveals itself to us. And this circular is more of the same......lies, half-truths, rumours, and deception, intended to instill shareholder fear, and reduce confidence in management of Noront. It is far from being a sober, dispassionate analysis. I've read the Rosseau Circular through a number of times now, and I'd like to isolate and analyze the points used to criticize Noront management.

1. First, they allege that Noront has squandered opportunities since August 2007, when Eagle 1 took our SP to lofty heights (7.42), and thereafter imply that management is solely responsible for the current SP.

I should think, first off, that if those "squandered opportunities" exist, that they should be easily defined and described. And yet, no specific examples are presented. Not one. Instead, I can think of some fine "opportunities" that Noront has created in the meantime, called Eagle 2, Blackbirds 1 & 2, At-12. And, the resource at Eagle 1 has been defined by 43-101. I think that's pretty good for one year's progress.

Secondly, I can think of external forces at play which have influenced our SP. We've talked about them incessantly over many months. Things like something called a credit crisis, worldwide recession, market fear/capitulation, market manipulation (especially (naked) short selling......what these Rosseau boys do). I would be hard-pressed to find any cause that can attribute any of this to Noront management.....and Rosseau doesn't even try.

2. (a) Noront *recently* wasted 15 million on Windfall.

<cough> Excuse me?

Where on Earth did that bloated figure come from? Given the time frame alluded to in the prior allegation (i.e. after August 2007), the idea of recent expenditures of anything more than a fraction of that amount is absurd. Noront raised 15 million in a private placement about two years ago, to fund the Windfall ramp and bulk sampling program. By not acknowledging this, Rosseau intentionally creates a false impression.

Windfall, and the commitment to drive a ramp towards the gold vein deposit, entirely precedes the ROF discoveries, and historic spending (that's where 15 mil figure comes from) should not be confounded with current budgets. The decision to drive a ramp towards the gold was entirely prudent, given then current estimates that surface drilling to define the deposits would cost a similar amount, would not define grade with certainty (we're talking vein gold, here), and would likely end up requiring a ramp anyway.

They further allege that funds raised earlier this year have been diverted from the ROF to Windfall, via "unduly promoting" the McFauld's discoveries, and then diverting "substantial" funds to Windfall. That is an outright falsehood. Noront has been absolutely forthright about its cash budgets with respect to all its properties. Funds were fully raised and committed to Windfall prior to February 2008, when the PP for McFauld's exploration was done. Furthermore, investments in Noront are not specific to any one property. To confound investor expectation with management practise is utterly absurd.

And who said the investment at Windfall was *wasted*????? I saw some very nice photographs of museum-quality gold ore coming out of that ramp. And from a location not previously known to host gold. It is, at a very minimum, premature to call the investment wasted. Rosseau elsewhere criticizes Noront for failing to proceed from an exploration company towards being a mining company, and yet they would negate and dismiss clear efforts to do so at Windfall? Talk about sophistry.

2. (b) ....and spent $1 mill on other properties, diverting cash, human resources and focus.

In all but a couple of cases, once again these properties have been in Noront's portfolio for a long time. JV partners are operators at many of them, so they require little investment or oversight. Others have had so little attention paid to them that nothing whatsoever has been spent on them in recent times. In fact, recent MD & A reports have made clear that management is not diverting money and resources away from the ROF. Instead, look at how many new staff had been added! Since 2007, office staff has more than doubled, and expert management has been added a number of times. Whatever management these other properties demanded, those efforts are surely much *diluted* now, compared to previous years.

And just from a more exploration-based philosophical perspective, how is it that you can criticize a mineral exploration company for thoroughly investigating any opportunities which have come its way? What else is it that you would expect them to do? Walk away?

Noront management has clearly expressed its intention of separating the funding and management of the ROF from its other assets. All this would do, IMHO, is to make formal what is surely happening in practise already.

3. (a) Alleging that the 11 Ring of Fire JV projects are drains and distractions on administrative and operating resources.

Poppycock! Those are claims Noront chose for immediate mineral investigation. Of all the thousands of claim blocks under Noront's control, they entered into agreements to push specific clusters of blocks forward, and obtained other people's investments of resources to pay for it all. These are Noront's choices of targets. (I'm certain they didn't throw darts at a map!) They would have been chosen for drilling anyway. But someone else is paying for it. There is no change in administration, but there is a *reduction* in operational expenditure.

In addition, these agreements have contractural time-lines. They force directed investment (read drilling) in a timely way. If the drills don't turn, or funding doesn't come, the JV collapses, and no dilution of interest occurs. With Noront's immense land holdings, getting those drills turning is the priority. When they say "take(ing) valuable manpower and scarce drills away from Noront’s 100%-owned high priority prospects".....what is the allegation really suggesting? That somehow Rosseau already knows which properties to drill? That they know the rest of the ROF is not worth exploring? I see no evidence that Noront has misused its drills or manpower. Think Blackbird.

Elsewhere, Rosseau reveals their *real* concern about the JVs.....

3. (b) The re-structuring of ownership interests makes Noront a less attractive target for a major.

Now we're looking at strategy. The quick flip, vs. long-term investment via e.g. buy-in, other JVs, or self-development.

It is my opinion, based on what Rosseau presents here, and from its historical investments, that what they want to do is break up Noront, and flip it as quickly as they can. In fact, I suspect Rosseau is acting as a proxy for a major. When they say they want to improve shareholder value, I believe they have only their own interests at heart. In and out as quickly as they can, so they can go on to short and raid some other victim.

In contrast, Noront has always taken the long view. From the moment the Eagle 1 resource was defined, they spoke of mining it and selling the ore. In fact, they had their hands slapped by the TSX for suggesting feasibility issues had been addressed according to OSC regulations. When chromite was hit, again, talk was immediately about the value of the ore on the market, not in situ. No talk about getting maybe 10% for in situ, but instead, full market value based on mining, concentrating, and shipping ore.

For this issue, it comes down to personal decisions, but since this is my analysis, I'm going to supply my opinion. IMHO, far greater value accrues to Noront from taking the long view, mining and shipping ore, or even from nothing more than NSRs, than from breaking up the company and flipping its still poorly defined assets. Noront is well on the way to turning blue sky into ore in the ground, and with each increment, the long term value increases. With a sell-out, no further increments are possible.

3. (c) squandering of "leadership position" via JVs, rather than accretion and consolidation.

Give me a break. Noront continues to stake land, both on its own, and as a part of a staking syndicate. Noront has expressly stated that it desires to control 80% of the ROF.

One does not accomplish such a task overnight. IMHO, the opportunities to take over weaker stakeholders are only just now presenting themselves. It's no secret that funding for juniors is going to be a critical issue with respect to their viability. We'll just have to see how things shake out.

But, more directly to the point raised, just how is new management going to accomplish this? Massive dilution of existing shareholder value? You can be sure these vultures would profit more from that than we would. Diversion of scarce resources from drilling? No, wait, that's a criticism of existing management.

Bottom line is Rosseau is suggesting something Noront has already said they'd do. Again, it comes down to a fast flip vs. long-term accretion of value.

4. (a) replacing Richard.

I don't know.....does he need replacing? He's certainly attracted some amazing talent to the company. That's a testament to the man. He's got experts with respect to take-overs/mergers, TSX listings, finance, geology, and a host of top-notch consultants.

Rosseau doesn't even suggest a man to replace him. They apparently have no faith in their ex-Aurelian president.

4. (b) listing on TSX

We've been talking about that for a long time. Noront cannot talk about it. It's forbidden. Rosseau isn't, and they're taking advantage of that.

Lately, people have noted a subtle change in content from Noront about this issue. Whereas before they would say they're not currently working on it, now they restrict themselves to "no comment".....as required of them, if they are in fact proceeding with such a move.

It takes time, and we'll know about it when it happens. IMHO, it's already not far off. Rosseau offers nothing here, either.

4. (c) spin-off of non-core assets

Management has expressly stated a number of times that this will happen. We've also discussed how complicated it might be, with Windfall still not subject to formal resource estimates, and implications with respect to possible TSX listing. These two issues may be intertwined in regulatory red-tape.

Richard's a lawyer, and he's got people with direct experience in getting this done. It takes time, and he can't talk about it until it's all sorted out. Rosseau is again just blowing smoke. They'd be in the same position as existing management finds themselves. When Rosseau says they see no evidence of progress, that's pure sophistry once again. These are all or nothing propositions. There can be no progress reports.

5. Exaggeration and undue promotion by Richard.

To support this, Rosseau provides only a second-hand anecdotal report from the Financial Post, that the geology was similar to Voisey's Bay, and that "it could even be bigger". Without any context, we cannot even know Richard's true intent with the statement. Moreover, Noront's grades are higher than Voisey's, and the geology strongly suggests that there is more nickel out there. That it hasn't yet been found doesn't disprove the fact that Richard may be right.....it could be bigger.

I recall suggestions that Noront might have 15-30 million tonnes of chromite. Funny, now I'm hearing there might be 100 million, with deposits open on strike. Today, on the FWR hub, I hear 150 million.

Rumours always attach to exploration plays. If you want proven reserves, buy some Billiton. But don't criticize a man for being excited about his exploration plays.

More smoke, IMHO.

Frankly, I haven't been persuaded that any one argument they've raised has validity, let alone the lot of them. However, let's move on to consider the nominees for board positions.

Let's see, four of them come from Aurelian. Hmmmm, seems they're out of work right now, after selling out their company for a 60% premium over a massively depressed SP. I guess I know what they're good at.

Another guy is a director from Temex, which seems to be involved in a large number of JVs in the ROF. Some of them with Noront. Now that would be a change, wouldn't it?

And a couple of others who are willing to resign if more qualified people can be found.

Honestly, not one of these nominees holds a candle to the men we've already got. They're openly seeking a couple of better qualified directors. And they don't have a president in mind, to give life to their "vision". And this is somehow an improvement?

Bottom line, the choice seems to be between breaking up Noront and flipping the ROF claims, or taking the longer road to higher values. Rosseau claims to be willing to do things that existing management has already dedicated themselves to accomplishing, so what's new there? Apart from these "commitments", they offer nothing but platitudes.

What's the damn rush? Rosseau is greedy. That's my analysis.

Lar



FANTOMAS

[Fantomas96]

http://agoracom.com/ir/Noront/messages/970557#message

I have been told by the office....

Posted by: Canseco on October 10, 2008 10:19PM

Richard is concerned about the proxy vote, but he has not given up and is not a quitter. They will do everything in their power to deal with the situation.
I was told, "there will be a tremendous amount of information coming out over the next ten days. They went on to say Noront is a tremendous company and our shares are worth a lot of money and we will be very impressed with the information coming out.

They said we will not have a board of directors that cares about the common shareholder if this hedge fund gets in.

They mentioned that the current shareprice is, of course, way undervalued, and partly the result of overall market conditions.

It was repeated that the information coming out soon, will show us the value of our company.

The Windfall ramp has reached its goal and they would be bulk sampling it in the next week to ten days. Sounded like everything is normal there.

Concerned, but still holding with confidence............Canseco



FANTOMAS

[Boersenkrieger]

Antwort auf Beitrag Nr.: 35.534.375 von Fantomas96 am 11.10.08 21:26:03

na dann hoffen wir mal....

eigentlich ist die einzige chance nun gute nachrichten rauszuhauen die zeigen dass der eingeschlagene weg der richtige ist.

[Fantomas96]

Noronts Anleitung für Europäer !

Kontaktiert Eure Broker und sendet Ihnen diese Anleitung !

JEDER sollte eine Kontrollnummer zum Online Voting bekommen !


http://agoracom.com/ir/Noront/messages/973089#message


Re: foreign shareholders

Posted by: AGORACOM on October 14, 2008 12:12PM

In response to: foreign shareholders by hoov


hoov,

We received the following reply from Noront management:


Greetings!


Okay, for the foreign voters they must follow the same steps as would someone in North America. They MUST contact their broker and be very firm with them that they want their control numbers. Many of the houses will say that they don’t have the control #s but they do. If the broker still says no, then the shareholder must tell their broker that they must call either of the following people at Broaderidge


Sue Pabla

905-507-5320


Mary Zdrilich

905-507-5331


Once the people from Broaderidge gives the control number to the broker, and then it is passed onto the shareholder, the shareholder goes to www.proxyvote.com and enters the control number and votes their shares.


Regards,
AGORACOM



FANTOMAS

[PKowski]

Neue Chromnews von Noront!!

http://agoracom.com/ir/Noront/messages/976277

Leider zu lang zum Reinkopieren.

Gruß, Paule

[Mirex]

Antwort auf Beitrag Nr.: 35.569.312 von Fantomas96 am 14.10.08 23:57:59

Grüss euch!

Bei uns im Össiland scheint es echt ein Problem zu sein, an diese Proxynummer zu kommen. Brauche echt Hilfe.

Selbst mit der Anleitung (danke Fantomas fürs reinkopieren); Lt. mehrmaligen Telefonaten (Emails) mit meinem Broker erhielt ich nur die Auskunft, dass die einzige Möglichkeit ist, der Verwahrstelle eine Weisung zu geben, wofür diese jedoch einen Betrag von € 39,50 verlangt. Und dann ist es noch nicht mal sicher, dass diese Weisung rechtzeitig bei mir eintrifft und voten zu können. Welche Möglichkeit gibt es noch ohne Proxynummer?

[banimei]

Antwort auf Beitrag Nr.: 35.602.972 von Mirex am 17.10.08 15:07:12

VON PKowski

16.10.08 09:52:02 Beitrag Nr.: 35.589.267
Dieses Posting: versenden | melden

Folgende Antwort bezieht sich auf Beitrag Nr.: 35.579.183 von banimei am 15.10.08 15:57:21
--------------------------------------------------------------------------------
Hallo an alle,

bei wem die Banken/Broker nicht mitspielen (wollen), kann noch die Anleitung von Helium aus Norontboard bei Agoracom zum Proxy Vote verwenden.

http://agoracom.com/ir/Noront/messages/972156#message

Posted by: Helium on October 13, 2008 03:30PM

In response to: Its difficult for foreign S... by Palominer

Palominer,

you can vote in 4 ways: by phone, internet, mail or at the AGM in person.

You ONLY need the controlnumber if you vote by phone or internet.

In case you can't get a controlnumber, this is the answer I got from my online broker Binckbank:

Get the proxyform from the Noront website, (here is the link: http://www.norontresources.com/inv estor.html ), choose 2008 Proxy form pdf, print the form, complete it, date & sign it.

Scan in it and mail it, or better, send it to your broker with the request to ad the proof you have xxxx shares in your account. Ask your broker to fax everything to the adress below, or ask your broker to send you the proof of your shares and fax everything yourself to:

Computershare Investor Services Inc.,


100 University Avenue, 9th Floor, Toronto, Ontario

Canada M5J 2Y1


facsimile number [phone] or 1-866-249-7775


by no later than 10:30 a.m. on Friday, October 24, 2008.

Gruß, Paule


So klappt es

[franz991]

Noront Completes Preliminary Economic Assessment on Eagle One Deposit-Direct Ship MethodNORONT RESOURCES LTD NOT 10/21/2008 8:31:53 AMTORONTO, ONTARIO, Oct 21, 2008 (MARKET WIRE via COMTEX News Network) --
Noront Resources Ltd. ("Noront") (TSX VENTURE: NOT) is pleased to report the results of a strongly positive Preliminary Economic Assessment ("PEA") by P&E Mining Consultants Inc. of Brampton, Ontario on its recently discovered Eagle One Cu-Ni-PGE Deposit, lying within the Double Eagle Project located in the James Bay Lowlands, northeastern Ontario. The complete report will be filed on SEDAR and the Company's web site, www.norontresources.com, within 45 days of the issue of this press release.

The Eagle One deposit would be accessed by a proposed all weather road from the northern Ontario community of Nakina which would take approximately two years to complete. A gravel airstrip would be constructed in the first year to service the project construction phase and subsequently be utilized for production crew rotation. Underground mine production would commence after road completion with mining and direct shipping of massive sulphide mineralization to a Sudbury area mill/smelter complex at a rate of 1,000 tonnes per day. Upon exhausting the potentially mineable massive sulphide mineralization in approximately 1.2 years, the remaining potentially mineable disseminated sulphide mineralization would be mined and subsequently processed in an on-site mill at 1,500 tonnes per day over an additional five year period. For the purposes of this preliminary economic assessment, both indicated and inferred resources have been included in the potentially mineable resource.

On an initial capital cost of C$173 million, assuming 100% financing of the project through equity and the use of Sep 30, 2008 48-month trailing average metal prices for Ni, Cu Au, Pt, Pd and Ag, the project has a pre-tax payback of 2.2 years and generates an undiscounted net pre-tax cash flow of C$719 million over an estimated mine life of 7 years. This results in a pre tax IRR of 160% and an NPV of C$464 million at a discount rate of 10%. The sensitivity of the 48 month metal price base case to changes in metal price assumptions is summarized in the table below.

--------------------------------------------------------------------Parameter 36-Month 48-Month 60-Month Average Average Average--------------------------------------------------------------------Ni US$/lb $12.50 $11.00 $10.00--------------------------------------------------------------------Cu US$/lb $3.25 $2.75 $2.50--------------------------------------------------------------------Au US$/oz $700 $625 $600--------------------------------------------------------------------Pt US$/oz $1,350 $1,225 $1,150--------------------------------------------------------------------Pd US$/oz $350 $300 $300--------------------------------------------------------------------Ag US$/oz $13.00 $11.50 $10.50--------------------------------------------------------------------CAD/USD 0.90 0.90 0.90--------------------------------------------------------------------Pre Tax IRR (%) 200% 160% 137%--------------------------------------------------------------------Pre Tax NPV@ 10% $C $606m $464m $381m--------------------------------------------------------------------Undiscounted cumulative cash flow $C $931m $719m $595m--------------------------------------------------------------------Capital Payback (years) 2.2 2.2 2.3--------------------------------------------------------------------Assumptions

1. Average estimated on site operating costs for the project include mining $69/tonne, processing $37/tonne and G&A $11/tonne for a total of $117/tonne.

2. Mining dilution was estimated at 15% and mining recovery at 95%.

3. The base case NSR calculation was derived from metal prices of US$11.00/lb for Ni, US$2.75/lb for Cu, US$625/oz for Au, US$1,225/oz for Pt, US$300 for Pd and US$11.50 for Ag at a $C/$US exchange rate of $0.90.

4. Process recoveries to concentrate were estimated at an average of 85% for Ni, 97% for Cu, 65% for Au, Pt, Pd and Ag at average concentration ratios of 4:1 for Ni and 9:1 for Cu in massive sulphide and 16:1 for Ni and 45:1 for Cu in disseminated sulphide.

5. Concentrate shipping was estimated at C$130/tonne and smelter treatment charges at US$130/tonne for Ni and US$150/tonne for Cu concentrates.

6. Smelter payables were 92% for Ni, 97% for Cu, 90% for Au, 65% for Pt, 70% for Pd and 90% for Ag. Refining charges were US$0.50/lb for Ni, US$0.10/lb for Cu and US$15/oz for Au, Pt and Pd and US$0.30/oz for Ag.

7. The potentially mineable portion of the resource for Eagle One was estimated on the basis of approximate $US four year trailing average metal prices of $11.00/lb nickel, $2.75/lb copper, $625/oz/gold, $1,225/oz platinum, $300/oz palladium and $11.50/oz silver and the $US exchange rate was $0.90.

8. An NSR cut-off of $117/tonne for underground mining, milling and G&A was utilized to report the potentially mineable portion of the resource.

The diluted potentially mineable portion of the resource estimate for the Eagle One deposit is shown in the following table:

POTENTIALLY MINEABLE PORTION OF THE MINERAL RESOURCE ESTIMTE

------------------------------------------------------------------Indicated Tonnes Ni Cu Au Pt Pd Ag % % g/t g/t g/t g/t------------------------------------------------------------------Massive 250,000 5.87 3.10 0.23 1.77 10.95 8.9------------------------------------------------------------------Disseminated 1,612,000 1.11 0.71 0.13 0.85 2.29 2.4------------------------------------------------------------------Total Indicated 1,862,000 1.75 1.03 0.14 0.97 3.45 3.3------------------------------------------------------------------------------------------------------------------------------------Indicated Ni lbs Cu lbs Au Pt Pd Ag millions millions oz oz oz oz------------------------------------------------------------------Massive 32.4 17.1 1,800 14,200 88,000 71,500------------------------------------------------------------------Disseminated 39.4 25.2 6,700 44,100 118,700 124,400------------------------------------------------------------------Total Indicated 71.8 42.3 8,500 58,300 206,700 195,900------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Inferred Tonnes Ni Cu Au Pt Pd Ag % % g/t g/t g/t g/t------------------------------------------------------------------Massive 233,000 6.30 2.56 0.17 2.74 10.53 7.9------------------------------------------------------------------Disseminated 876,000 1.06 0.74 0.11 0.82 2.28 2.6------------------------------------------------------------------Total Inferred 1,109,000 2.16 1.12 0.12 1.22 4.01 3.7------------------------------------------------------------------------------------------------------------------------------------Inferred Ni lbs Cu lbs Au Pt Pd Ag millions millions oz oz oz oz------------------------------------------------------------------Massive 32.4 13.1 1,300 20,500 78,900 59,200------------------------------------------------------------------Disseminated 20.5 14.3 3,100 23,100 64,200 73,200------------------------------------------------------------------Total Inferred 52.8 27.4 4,400 43,600 143,100 132,400------------------------------------------------------------------(1) The potentially mineable portion of the resource for Eagle One was estimated on the basis of approximate $US four year trailing average metal prices of $11.00/lb nickel, $2.75/lb copper, $625/oz/gold, $1,225/oz platinum, $300/oz palladium and $11.50/oz silver and the $US exchange rate was $0.90. An NSR cut-off of $117/tonne for underground mining, milling and G&A was utilized to report the potentially mineable portion of the resource.(2) Potentially mineable portions of resources are not mineral reserves and do not have definitively demonstrated economic viability. The estimate of the potentially mineable portion of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issues. There is no guarantee that Noront will be successful in obtaining any or all of the requisite consents, permits or approvals, regulatory or otherwise for the project or that the project will be placed into production.(3) The quantity and grade of reported Inferred potentially mineable portion of resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred potentially mineable portion of resources as an Indicated or Measured potentially mineable portions of mineral resources and further exploration drilling is required to determine whether they can be upgraded to an Indicated or Measured category.(4) The potentially mineable portion of resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council December 11, 2005.(5) The preliminary assessment is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary assessment will be realized.(6) The effective date of the potentially mineable portion of resource estimate is October 20, 2008.James Pearson, P.Eng., Alexander Partsch, P.Eng., Alfred Hayden, P.Eng and Eugene Puritch, P.Eng. of P&E Mining Consultants Inc., are the authors of the Preliminary Economic Assessment Technical Report on the Eagle One deposit to be filed within 45 days of this news release. All data was verified in Noront's NI 43-101 Resource Estimate entitled "Technical Report and Resource Estimate On The Eagle One Deposit Double Eagle Property Mcfaulds Lake Area James Bay Lowlands, Ontario" and filed on www.sedar.com. They are independent Qualified Persons in accordance with NI 43-101 - Standards of Disclosure for Mineral Projects. Mr. Puritch has reviewed and is responsible for the information presented in this news release.

P&E Mining Consultants Inc. has recently been involved in Ni-Cu-PGE preliminary economic analysis and feasibility studies for Barrick Gold Corporation, Lac des Iles Mines Ltd, Marathon PGM Corp., Ursa Major Minerals Inc. and Canadian Royalties Inc.

Noront's CEO Richard Nemis is very pleased to report that the positive results of this study show that the direct shipping of high-grade material outlined at Eagle One is viable even at these depressed commodity prices. Mr. Nemis goes on to state that:

"this shows that the Eagle One deposit could support itself (at these depressed prices) and what really excites us is the fact that it brings down the economic thresholds for the other Copper Nickel deposits and chromite deposits that we have discovered over the past 14 months.

While recent worldwide market turmoil due to the sub-prime mortgage fiasco in the U.S. and predicted pending worldwide recession have decimated the public markets, Noront maybe one of the few Junior Mining stocks still holding some of its recent share price gains because of its important mineral discoveries.

We at Noront as shareholders and employees are not happy with our depressed share price. However, management believes that Noront's true value will be better reflected in the future when the markets return to normal levels. Noront is working to further advance other potentially viable Copper-Nickel-PGE and Chromium properties in the McFaulds Lake area and for the benefit of all shareholders. These projects will continue to create additional jobs for Northern Ontario residents and the potential for large tax revenues. We are particularly thankful to the Native communities in Ontario who are very adequately and diligently supplying some of our exploration work force".

These above forward looking statements are the views and objectives of Noront's current management team.

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,894,783 shares issued to date.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS:

R. Nemis, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Noront Resources Ltd. Richard Nemis [phone] [phone] (FAX) Email: [e-mail] Website: www.norontresources.com

SOURCE: Noront Resources Ltd.

mailto:[e-mail] http://www.norontresources.com

[mike32]

http://agoracom.com/ir/Noront/messages/980909#message



NEWS - Noront Resources Ltd.: Windfall Project Phase 1 Underground Exploration Ramping Program Now Completed
Posted by: AGORACOM on October 21, 2008 04:37PM


TORONTO, ONTARIO-(Oct. 21, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT) -

WINDFALL LAKE, URBAN TOWNSHIP, QUEBEC


Noront, the Company, is pleased to announce the successful completion of its 2008 underground access program (ramping) to further sample and assess several significant gold discoveries previously discovered in surface diamond drill programs by Noront and others at Windfall Lake.


The underground 1,432 meters of ramping and drifting, completed under a development contract with Entrepreneur Minier Monterie-Expert of Val d'Or, Quebec and GENIVAR Societe en Commandite of Val D'Or, Quebec as the supervising engineering firm was completed on time and within budget.


Noront has earned a 50% interest in the optioned property, where the F-11 and F-17 zones are located, from Murgor Resources Inc. ("Murgor") and Freewest Resources Canada Inc. ("Freewest") by having spent $4.0 million in total. Noront can earn an additional 10% interest, for a total 60% interest in the project by providing a positive feasibility study on the project (see press release dated February 5, 2007). Noront has 100% interest in the adjacent claim group to the south and southwest where the W3 zone was also accessed with the recently completed ramp.


The Windfall Lake Properties previously reported excellent gold grades in both surface sampling and diamond drilling during exploration leading up to the present program. Based only on surface exploration, it had been difficult to combine drill intersections into continuous zones that may be amendable to development. The recently completed underground program was designed to further sample and assess the F-11, F-17 and W3 (previously designated 100 zone) gold occurrences.


The underground program began with the ramp portal and initial 1,119 meters of the ramp, access and exploration drifts on the northern optioned Murgor and Freewest joint venture ground to the north. Subsequently the ramp was continued southerly into Noront's wholly owned property where an additional 313 meters of ramp, crosscut and drifts were accomplished by the mining contractor.


The total cost of the underground exploration program to date has cost approximately $12.5 mil. which is well within budget. The program was financed in advance by a $15.0 mil. flow through private placement in December, 2006 through the efforts of IBK Capital, the Company's financial advisors.


The company is indebted to the Province of Quebec, as through the latter's very effective exploration rebate program, approximately 35 percent of the total underground costs is being returned to the Company for more exploration and future benefits to our shareholders.


The underground program at the Windfall Lake property to date has included 55 meters of exploration drifts in mineralization and waste on the F-11 zone, 102 meters of exploration drifts in the F-17 zone and 55 meters of exploration drifts on the W-3 (formerly 100) zone. Sampling of the gold zones has consisted of muck, dump and chip sampling of each nominal 4.0m x 4.0m x 3.5m blasted round. Visible gold was observed in all 3 zones as was also experienced in the previous surface drilling programs.


Chip sampling of each round normally, will yield a fairly representative indication of gold grades in the mineralized zone, and is usually considered in mining to be most representative of the overall grade. In the Windfall Lake Deposit however, due to the known erratic nature of the gold distribution, and the fact that only 4 to 5 chip samples were taken every 9 meters (no chip samples were collected on night shift), the gold grades as estimated using chip samples were much lower when compared to the grades obtained from the muck samples. Visible gold was observed on joints and fractures running in many different directions and chip sampling was unable to estimate the contribution that this gold is making to the overall grade.


The muck sampling consisting of 15 samples selected on a prescribed pattern from scooptram buckets from each round was considered most reliable for indicating average gold grades. The muck samples were taken every round, as opposed to every other round for the chip samples. Any gold that was within structures lying obliquely to the predominant direction of the zones was better estimated using the muck samples.


The dump samples consisting of 8-10 per round are considered to be less reliable due to loss of fines by drying, washing by rain and sorting.


Samples were submitted to Bourlamaque Assay Labs in Val d'Or for fire assay using either AA or gravimetric analysis. Once the underground program was well underway, samples were also sent to Metanor's Bachelor Mill as the sample turnaround time was less. A strict quality program was in place consisting of the insertion of certified reference materials, blanks and duplicates to the sample stream both at Bourlamaque and at Bachelor. There were no problems encountered with the quality control results.


Considerable dilution in the muck sampling is experienced as the 4.0 meter-wide round exceeds likely minimum mining widths experienced during actual mining for production. Hence the average gold grades being stated below for the muck samples may well be lower than those possible in a mining environment employing strict grade controls. For any resource studies to be completed in the future at Windfall Lake very closely spaced drill holes will be necessary to ascertain an acceptable average grade estimate.


In the F-11 zone, at a vertical depth of 50 meters, the gold zone was exposed for a total horizontal length of 32.5 meters before it wandered into the drift walls. Average grades from the muck samples was 3.95 g/t gold over the exposed zone's length. The F-11 zone follows a lithologic contact zone causing a more consistent distribution of the gold values.


In the F-17 zone, at a vertical depth of 55 meters, the zone was exposed along the total 102 meter length of the horizontal drift. A 20 meter length along this zone averaged 2.34 g/t from the muck sampling. At F-17 the zone is fault bounded resulting in a more erratic distribution of the gold values with significant waste inclusions in the zone.


In the W-3 zone, on the Noront wholly owned claims, drifting for 55 meters along the zone at 100 meter below surface encountered sulphides over a total exposed length of 30 meters. All assays for samples taken from the W-3 zone todate are pending from the independent analytical laboratories. At the W-3, the zone follows a multiple set of cross-cutting fractures creating a very erratic distribution of the gold values and discontinuous gold-bearing, stringer-type mineralization.


Currently the geological team on site is completing test hole sampling employing jumbo or jackleg percussion drills to more fully evaluate the three zones and other mineralized structures encountered during the underground exploration work. Bulk samples of several zones in which visible gold was encountered are being recovered with a view to carrying out laboratory-scale testing to assess grade and continuity of the mineralization.


In addition a program of underground and possibly surface diamond drilling is being considered to establish the extent of mineralization over potentially mineable volumes.


Management proposes to pause the exploration program to allow for completion of all assaying, metallurgical testing and a review of progress todate. The Windfall Lake property, including camp and ramp facilities will be kept on a care and maintenance basis during the forthcoming winter months.


An economic evaluation of the property's merits and potential for the shareholders is the primary consideration to be addressed. Recommendations for future exploration at Windfall Lake, after all work currently underway is completed, will be submitted for Board approval if the latter is positive.


The recent completion at Windfall Lake of Phase 1 of the underground ramping program has fulfilled the obligation to the Noront shareholders, when Noront completed a financing in December, 2006 through IBK Capital, of $15.0 mil. through the private placement of units of common shares and warrants to further explore and assess the Windfall Lake gold discoveries. In addition to the latter commitment being fulfilled, Noront's shareholders have received the unexpected bonus of sharing in the added value to Noront's asset worth through the Copper-Nickel-PGE and Chromium discoveries in the McFaulds Lake area of northern Ontario.


While the Company continues to seek and review other exploration opportunities, it's primary focus at the present time remains the McFaulds Lake area where several excellent targets remain to be tested by Noront's capable and experienced exploration team. With a successful track record to date at the Double Eagle Project, additional discoveries continue with new Copper-Nickel-PGE and Chromium mineralization being encountered (see press releases dated October 10 and October 16, 2008).


Patrick Chance, P.Eng. and John Harvey, P.Eng. are supervising the Windfall Lake program on behalf of Noront. Bob Bryce of Abiting Inc, and Tracy Armstrong, P.Geo., of P & E Mining Consultants are consultants to the project, have reviewed the contents of this press release and are resident Qualified Persons from Quebec.


Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,894,783 shares issued to date.


Investors are invited to visit Noront's IR Hub at www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers by other investors. Alternatively, you can email questions to [e-mail] and also request to be added to the investor email list to receive all future press releases and updates in real time.


ON BEHALF OF THE BOARD OF DIRECTORS:


R. Nemis, President and Chief Executive Officer


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


CONTACT INFORMATION:

Noront Resources Ltd.
Richard Nemis
President and Chief Executive Officer
[phone]
Fax: [phone]
Email: [e-mail]
Website: www.Norontresources.com

[Boersenkrieger]

Antwort auf Beitrag Nr.: 35.649.707 von mike32 am 21.10.08 23:23:42

bringt wahrscheinlich auch nicht viel.
Gold dürfte vor einem crash stehen und den industriemetallen folgen.

[mike32]

http://agoracom.com/ir/Noront/messages/984700#message

new Genuity Report out
Posted by: QQ_Girl on October 24, 2008 11:48AM

Noront Resources Ltd.

NOT-V: $0.94 October 23, 2008


TARGET: $2.15 (FROM UNDER REVIEW)

RECOMMENDATION: BUY (FROM UNDER REVIEW)

RISK RATING: SPECULATIVE



Michael Gray, P.Geo. – 604.694.6961

[e-mail]

Colin Garner, BASc (Associate) – 604.694.6964

[e-mail]


Noront delivers Eagle One Ni-Cu-PGM scoping study

(all figures in C$, unless noted)


Price (10/22/2008)$0.94

Total return to target129%

Shares O/S (mm)129.9

Shares F/D (mm)139.0

Market cap F/D ($mm)$130.7

Market value ($mm)116.010-day Ave

Daily Vol (K)540.0

Debt ($mm)$0.0Cash ($mm)$30.0FD cash ($mm)$53.012-mo

Burn-rate ($mm)$25.0

Shareholders

2.5% Mgmt

~9.9% Sprott Asset Mgmt

~9.2% Rosseau Asset Mgmt

~7.9% Pinetree Cap

President & CEORichard Nemis

COOJohn Harvey

CFOKevin Feeney


Company profile

Noront Resources (NOT-V) is a Canadian-based and precious metal exploration company focused on Northern Ontario and Quebec, Canada. Its key asset is its Ni-Cu-PGM Eagle One 2.9 million t indicated and inferred resource on its 100%-owned Double Eagle project, James Bay lowlands, Ontario. Massive sulphide resources grade 6.75% Ni, 3.17% Cu, 2.45 g/t Pt and 12 g/t Pd (490K t).


• Eagle One Ni-Cu-PGM scoping study attests to the potential high retained value of the massive sulphide portion of the deposit – A scoping study highlights the economic potential of the massive sulphide resources of the Eagle One deposit as direct shipping ore. The ultra-high grade massive sulphide resources grade 6.75% Ni, 3.17% Cu, 2.45 g/t Pt and 11.99 g/t Pd (in situ 490,000 tonnes). A two-stage underground mining scenario (6.2 years) initially direct-ships massive sulphide resources to a smelter for 1.2 years, followed by mining and onsite milling of disseminated sulphide resources for the next five years. This is preceded by a two-year period of road and mill construction. Noront’s pre-tax NPV10% is $464 million based on the 48-month trailing average metal prices (i.e., Ni $11.00/lb, Cu $2.75/lb, Pt $1225/oz, Pd $300/oz – all US$). Payback is 2.2 years and the pre-tax IRR is 160%.

• Valuation adjustments – We have re-valued NOT in the context of the significantly weaker market we see for exploration companies 12 months out. We have trimmed our expectation that additional Ni-Cu-PGM massive sulphide deposits will be discovered and the value for Noront’s land position. We mainly rely on our preliminary DCF analysis of the Eagle One deposit and scoping study parameters to arrive at a NPV10% of $207 million for the potential direct shipping massive sulphide portion. Our estimation uses the forward curve metal prices (i.e., $5.60/lb Ni, $2.29/lb Cu, $887/oz Pt, $178/oz Pd – all US$, 2012 – start up). With few assays reported to date, the chromite discoveries are difficult to value.

• Catalysts – In the near

term, there is a dissident proxy battle for the control of Noront’s board that will be decided at the October 28, 2008 AGM. Drilling south of Eagle One is key, as any expansion of massive sulphide resources would be of high value to NOT.

• We are now recommending NOT as a BUY (from Under Review), with a new 12-month target price of $2.15 (from Under Review). This target price is underpinned by the Eagle One Ni-Cu-PGM deposit resources, the recent scoping study and our geological rationale. We believe NOT is Speculative and suitable for risk-tolerant investors only.


Genuity Capital Markets www.genuitycm.com

Event and background

On October 21, 2008, before market open, Noront released the results of a preliminary economic assessment study on its 100%-owned Eagle One Ni-Cu-PGM deposit, Northern Ontario. This was a surprise for the market, as Noront had not been guiding that it had completed a scoping level study. We give management full marks for conducting this study, but why not indicate that it was underway and a key milestone?

On July 3, 2008, Noront released a 43-101 compliant indicated and inferred resource estimate, totaling 2.9 million tonnes, as set out in Exhibit 1. This resource was higher than the 2.4 million tonnes that we had estimated in our January 10, 2008 initiation report on Noront.

Exhibit 1: Eagle One indicated and inferred NI 43-101 resource estimate

Source: Noront Resources


Scoping study scenario

The Scoping Study contemplates a two-stage mining operation

• Stage One – an initial 1000 t/day underground operation where the high-grade massive sulphide resources (indicated and inferred) would be accessed by ramp and “directly shipped” presumably by truck +/- rail to a smelter in Sudbury. A two-year period of road construction would be required and then 1.2 years of mining of the massive sulphide resource.

• Stage Two – a 1500 t/day underground operation would follow, with the disseminated indicated and inferred resources being mined and milled on site. This stage of mining would last five years.

The parameters for the scoping study are provided in Appendix A. We note that the 48-month trailing average metal prices were used for the Noront study – i.e., US$11.00/lb Ni, US$2.75/lb Cu, US$1225/oz Pt, US$300/oz Pd – whereas we have used the forward curve metal prices in the Valuation section of this report, which are much lower – i.e., US$5.60/lb, US$2.29/lb, US$887/oz Pt, US$300/oz Pd (in 2012).

Scoping study results


We have provided the results of Noront’s scoping study in Exhibit 2, including sensitivity to the 48-month average trailing prices (36 months and 60 months). This mining scenario is preceded by a two-year period of road and mill construction – no permitting timeline was specified in the news release.


Exhibit 2: Summarized results for scoping study utilizing 36-, 48-, and 60-month average metal prices – See Appendix 1 for assumptions

36-Month48-Month60-MonthAverageAvera... NiUS$/lb$12.50$11.00$10.00CuUS$/lb$3... rateCAD/USD0.90.90.9Pre Tax IRR(%)200%160%137%Pre Tax NPV@ 10%$606m$464m$381mUndiscounted cumulative cash flow $C$931m$719m$595mCapital Paybackyrs2.22.22.3

Source: Noront Resources


Valuation and recommendation

We had taken NOT-V to “Under Review” on October 7, 2008 as our blue-sky driven valuation was not in-step with the likely weak market conditions expected 12 months from now. A dissident proxy battle announced on October 9, 2008 caused us to stay Under Review until now following NOT releasing a scoping study on the Eagle One Ni-Cu-Pt-Pd deposit.

The main changes to our valuation approach, as shown in Exhibit 3, are as follows:

• Preliminary DCF valuation of the Eagle One deposit – in this valuation we used the same parameters as the Noront scoping study, except that in our conservative and base cases we used the forward curve metal prices and US$:C$ exchange ratio (Appendix 1 for parameters and assumptions). Our metal price assumptions rendered the disseminated portion of the sulphide deposit uneconomical; therefore we did not include it and only modeled the massive portion. However, at this time we are allotting $25 million to our base case for future potential of the disseminated portion, should metal prices improve. For our conservative case we only used the massive sulphide portion of the resource, as this scenario would potentially allow fast-track mining without mill site/tailings permits that could significantly delay the project; we also deducted 10% of this value to be more conservative. In our optimistic case we used the 48-month trailing average metal prices that were used in the Noront scoping study for exploitation of both the massive and disseminated resources.

• Cutting our exploration land value – we do not provide land value in our conservative case, but we do in our base and optimistic cases where we use $300/ha (was US$600/ha).


• Ascribing a value to the Blackbird (One and Two) chromite deposits – we use the following:

1) $37 million in our conservative case – this is the approximate EV of Freewest Resources (FWR-V: $0.20, Not Rated) who has intersected significant chromite mineralization;

2) $100 million in our base case – approximately triple the FWR EV; and

3)$635 million in our optimistic case – this is 2% of the potential gross metal value of a 30 million tonne deposit, grading 40% Cr2O3 at long term US$1.00/lb Cr2O3. We believe the chrome mine potential on the Double Eagle project is high, albeit difficult to value, given the early documentation of the Blackbird One and Two deposits regarding potential size and grade (we note a limited number of drill holes with chrome assays have been reported to date). We expect Noront has a good chance of being able to sketch-in +20 million to +40 million tonnes of chromite resources, at average grades of 40% Cr2O3.


Exhibit 3: 12-month corporate NAV for Noront

Overall Adjusted Corporate12 Month NAV ($000's)$M$/Share$M$/Share$M$/ShareGross Metal ValueEagle One-Massive portion (NPV10%)186.41.29207.11.440.00.00Eagle One-disseminated portion (NPV10%)0.00.0025.00.170.00.00Eagle One - Noront scoping study prices (NPV10%)0.00.000.00.00464.03.22Belt Goodwill Premium Potential New Belt - Chrome potential37.00.26100.00.69635.04.41Land Transaction Comparables Regional Double Eagle (66.9K ha @ $300/ha)0.00.0020.10.1420.10.14Appraised Value (expenditures @50%) Other Projects (does not including Windfall Lake)0.00.0010.00.0710.00.07Subtotal of Project Assets223.41.55362.22.521129.17.84Cash & Short Term Investments30.00.2130.00.2130.00.21Cash via exercise of in-the-money warrants/options3.70.033.70.0323.00.... exploration rebate3.30.023.30.023.30.02Debt0.00.... (5mm flow-thru shares at $1.08)5.40.045.40.045.40.04Corporation Adjustments (12 mo)-25.0-0.17-25.0-0.17-25.0-0.17Net Corporate Asset Value ($C)240.81.67379.52.641165.88.67using 144mm shares f/dOptimistic Case2.9mm tConservative Case0.49mm tBase Case2.9mm t



Source: Genuity Capital Markets estimates

To value Noront at this time we use the mid-point value of the conservative and base cases for approximately $310 million ($2.15/share). We believe this provides an anchor valuation for the direct shipping ore, while not providing full value to the disseminated ore until the economics become clearer (as we prefer to limit the permitting requirements at this stage).

[Fantomas96]

NORONT RESOURCES AGM AUDIO VERSION

(registrieren und anhören, besonders wichtig der Part von Prof. Jim Mungall zur RoF Geologie !):

https://event.on24.com/eventRegistration/EventLobbyServlet?t…


Ich denke, der Kompromiß ist was es ist : ein Kompromiß !

Aber immer noch besser als NUR Rosseau Leute.

Die nächsten Wochen werden zeigen, wo es hingeht.
Nach etlichen Konversationen bin ich wieder optimistischer !

Hedge Funds haben Einstandspreise bis $ 4-5, kommt kein riesiges "günstiges" PP, die Weltmärkte kollabieren nicht komplett und die Rohstoffpreise erholen sich ein wenig, dann denke ich, sieht die Zukunft gar nicht soooo schlecht aus !

FANTOMAS

[Boersenkrieger]

Antwort auf Beitrag Nr.: 35.755.255 von Fantomas96 am 29.10.08 23:42:46

Hedge Funds haben Einstandspreise bis $ 4-5

so gesehen wollen sie den laden vielleicht ja doch nicht bei 2 cad verticken.
mir kam es erst so vor als wäre das ganze als kompromiss verkauft worden und die Rosseau´s haben das sagen

[Fantomas96]

Und hier die Ausführungen von Prof. Mungall auf der Hauptversammlung (thx quackaphobe for transcription):


Dr. Jim Mungall – AGM


I’m just going to say a few words about the geological model that we’re using to guide our exploration program in the lowlands, and really, it’s a fairly simple conceptual model. It’s the assimilation of iron formation by komatiite. So, komatiite is a magma type which doesn’t form on the earth anymore, but they were relatively common in the Archean , 3 billion years ago. They’re extremely hot magmas which came up out of the mantle, much hotter than magmas that you see in the earth today. Hot enough so that you can take just about any type of crustal rock and chuck it in there, and it’ll melt and dissolve, and it’s the assimilation of other crustal rocks which causes the formation of the ore deposits that we’re interested in.

Iron formations were a fairly common type of sedimentary rock in the Archean, they’re sediments which are unusually rich in iron, either as magnetite or sulphide minerals, or even as silicate minerals. And depending on the flavour of the iron formation that goes into the komatiite, you get different types of deposits. The form of deposit like Eagle 1, which is a magmatic massive sulphide deposit, it’s necessary for the komatiitic magma to dissolve iron formation which is rich in iron sulphide minerals. And when that occurs, an immiscible sulphide melt forms. That means that that sulphide liquid is like a separate magma which doesn’t actually dissolve in the silicate in the ultramafic magma but they’re like oil and water. And the droplets of sulphide melt scavenge the nickel, copper, platinum, palladium, gold and so on from the magma and concentrate it, the same way as a fire assay concentrates those metals in the laboratory. And because the sulphide melt is dense, and it’s immiscible, it forms a separate pool on the lowest point of whatever intrusion you happen to be dealing with.

But we looked for accumulations of dense sulphide minerals at the bottoms of (ultra?)mafic intrusions which represent what’s left of these komatiitic magmas.

In the case of chromite deposits, we’re still looking at the same magma type and in fact we can form both kinds of deposits in the same intrusion but in this case it seems that the key process which precipitates chromite, is the assimilation of silica and magnetite, which are also components of these iron formations. So when you add silica and magnetite to the komatiite, it becomes over-saturated in this mineral chromite, Mg or Fe Cr2O4 . Chromite is a dense mineral and like the sulphides, it wants to go to the bottom, but unlike sulphide, it’s a solid, it’s not a liquid so it can’t trickle down and collect at the very bottom. Instead, it falls to the bottom of wherever the melt reacts (sic?) with the other crystals are forming, to form layers. So we’re looking for layers of chromite on the bottom of flat-lying intrusions, and we’re looking for pools of sulphide liquid at the very lowest points of the intrusions that we’re dealing with.

And the way that we can use this kind of model with the geophysical data which is available to us is to consider how these different types of ore deposits respond to geophysical methods. So the sulphides are very magnetic, the mineral pyrrhotite and magnetite are both magnetic, so we can use magnetometers to detect them but what’s more useful for the sulphides is they’re very good conductors. They’re like electric wire buried in the ground, so if you fly over them with a transmitter receiver arrangement, like an AeroTem system or VTEM system, you can actually detect the presence of these conductive bodies deeply buried beneath overburden. So that’s the third way of exploring for the sulphide deposits.

The ultramafic rocks that host the deposits are also very magnetic, they contain a lot of magnetite and so we can detect large intrusions which may be the host of ore bodies of magmatic sulphides just by looking for big blobs of highly magnetic rock. So we can use magnetometer surveys for that as well.

And the chromite deposits don’t have those same kinds of geophysical responses, they’re not magnetic, and they’re not conductive but what they are is dense. We’re looking at rocks which are 50, 60, 70 percent chromite and chromite is a dense mineral so we can use gravity surveys to detect large concentrations of chromite. And we’ve had some success with that, and that’s our preferred method going forward to find more chromite.




So, in 2007, when the first hole was drilled at Eagle 1, this is what was known about the geology in the area of interest here.




This is a geological map, I’ve perhaps oversimplified a bit but the little tiny black dots are outcrops, and they’re all essentially granite. So, as of 2007, this whole area was thought to be underlain by granites and it wasn’t very interesting. But the discovery of the VMS deposits off to the east here in 2003 aroused a lot of attention, and made people realize that maybe there was more under this swamp than people realized.




Using the existing magnetometer survey results that had been compiled by people looking for diamonds, people like Renforth who came in and staked these little isolated mag highs, other people came in chasing VMS deposits. Noront picked up a big piece of ground in here ( gesturing). This is just a portion of the Ring of Fire, this is the portion I’m concentrating on because that’s where the discoveries have been. But other people like Freewest and Probe are in here as well. So we picked up a lot of the very highly magnetic rocks which are either iron formations, which are good hosts, or the ultramafic intrusions, which are, of course, the immediate hosts to the deposits.





Airborne surveys were flown to try to find conductors, and AeroTem and VTEM , these are both electro-magnetic methods I’ve briefly described before, and what we get back from these surveys are pics of places which are thought to be underlain by conductive bedrock.

The AeroTem conductors are yellow on this map, and the VTEM ones are red but basically they’re saying the same thing: if you drill there you should encounter something which is conductive, which may be a magmatic sulphide deposit.

So drilling is what we’ve done, Noront’s been drilling here at Eagle 1 and at Eagle 2 and Blackbird, up here at AT12, and Freewest and others have been drilling in the middle.








And we’ve compiled all this information together, the mag fabric, the occurrence of conductive bedrock, inferred from airborne surveys, and by looking at the drill results of the drill program we have an idea what the actual rocks are, so now we can draw on that.





So here’s the geological map as it stands now, it’s still going to be revised as more information comes along but we have a fairly good idea now what we’re looking at. The brown here is the oldest rock in the area, this rocks are probably about 2.8 billion years old. And when they were perhaps a hundred million years old, they were eroded off flat and they were covered by a thin sheet of iron formation , which is now here ( pointing to where?) and then that was then overlain by more iron formation and volcanic rocks, basalts and so on, including the VMS deposits over here.

After some time, and we’re not exactly sure how long, that stack of sediments and volcanic rocks was inflated by granitic intrusions, the pink rocks rocks that you see on maps of the Canadian Shield, and it just sort of inflated the whole stack, and subsequently to that, the purple intrusion came in. This is the ultramfic intrusion that’s the focus of all the excitement. So this intrusion along here was a flat lying body which we call a sill, and that’s where we’re finding chromite, and projecting down off of it, downward at that time is up on this map, are these spiky things which were dykes. These were cracks in the earth, filled with ultramafic magma, into which sulphide liquid could drain.

So what we’ve got now at the tip of each one of these cracks is a sulphide deposit. AT12 is here ( pointing) , that one’s still being explored. Eagle 1 is here in one of these little cracks. It looks little here but it’s several hundred meters long and goes down forever.( repeats here, perhaps at the request of a listener) Eagle 1, little crack here, it’s actually a few hundred meters long and goes down, we don’t know how far, but it’s open to depth, AT12 is here, this one is still being explored. All of these dykes are actually projecting downward off of this sill, and subsequent to the formation of the intrusion and the end of the all the action the whole system was folded so that this structure was turned on it’s side. Down is that way, up is that way ( gesturing).

The chromite deposits formed along the flat part of the intrusion where they could just settle, and form, if you want to think of them as being like sandbars on the bottom of this intrusion as the magma was flowing through, piling up the chromite into sheets.

Blackbird 1 over here ( pointing) is sitting directly underneath the Eagle 2 sulphide deposit. We went over here to Blackbird 2 and found more chromite, and we’ve been stepping back through and so far what you’ve seen in the latest visuals from the press releases is that we continue to find chromite in between.

Freewest has chromite here ( pointing), Freewest, Spder, KWG I should say. Freewest has chromite here and here ( pointing) . Everywhere that this intrusion has been drilled, there’s massive chromite. So, we can infer if we want to be blue-skies, optimistic that the entire belt may contain massive chromite , all the way from here ( pointing) all the way around this completely untested mag anomaly and up tot the northeast.

So Noront has tens of kilometers of untested potential for chromite as well as some other ultramafic dykes which haven’t been completely tested, and all the down-depth, down-plunge potential underneath Eagle 1 and AT12 and Blackbird 2.

So, just to sum up, when Eagle 1 was drilled in August 2007, this was basically what we knew about the area.

In one year, we’ve learned a tremendous amount, and among the things that we’ve learned the last 15 months is that we have two very interesting nickel deposits, at least two chromite deposits, tremendous untapped potential here, and we still have something like 300,000 acres left to explore





FANTOMAS

[Fantomas96]

Agoracom Interview mit den beiden neuen Co-CEO´s Paul Parisotto und Joseph Hamilton (beantworten u.a. Fragen von Agoracom Usern):

http://www.agoracom.com/executive/NOTceo30Oct2008/player.htm…


MP3-Download:

http://agoracom.com/executive/NOTceo30Oct2008/NORONT_RESOURC…


Sehr interessant !

FANTOMAS

[Fantomas96]

Hal Turner und der Dollar-Crash (Dollar wird nach Crash in Ameros konvertiert : USA,Kanada,Mexiko als gemeinsame Währung).

Message: Kauft physisch Gold und Silber !


http://video.google.com/videoplay?docid=1954933468700958565&…


FANTOMAS

[mike32]

Antwort auf Beitrag Nr.: 35.793.460 von Fantomas96 am 02.11.08 00:05:48

[Boersenkrieger]

seit der hedge NOT verseucht hat geht gar nichts mehr. es wurde kurz darauf gezockt anfangs, seitdem nur noch rot.
im grunde auch logisch wenn diletanten einen explorer führen wollen. deren einzige chance dürfte wohl sein möglichst schnell zu verkaufen, bevor es mal so richtig in die tiefe geht.

zurechte abstrafung des marktes

[Fantomas96]

Offener Brief von Jennifer Nemis, der Tochter von Richard Nemis (und ich werde auf Richard´s neues Engagement warten und "blind" investieren, wenn ich seinen Namen sehe):


Letter from Jennifer Nemis
Posted by: The Kid on November 06, 2008 03:28PM

Hello Fellow Noront Shareholders,

I have wanted to post a letter of thanks, but needed some time to collect my thoughts. It has been an emotional week.

I did not post here, for obvious reasons, but I have followed this board and I have been constantly amazed at the support, intelligence and dedication of all of the shareholders on this forum.

I would first like to take this opportunity to thank each and every one of you, for the enormous effort you all put in to win this proxy battle...and we DID win! I have never seen such coming together of the retail shareholder and I’m proud to have witnessed such efforts. Efforts that will inevitably, change the junior market landscape. You have all changed history, voting again will never be the same. The institutions have been slapped with a solid dose of retail reality. The assumption that retail won’t vote & their opinions don’t matter; I believe will be a thing of the past.

Thank you to Agoracom for giving Noront shareholders a balanced place to communicate and for your unwavering support of this fantastic company & its management. You have been instrumental in giving the little guy a voice, and a mighty loud one at that!! This was an unprecedented proxy vote. Thanks to ALL of you...YOU made it happen. Even though it feels like a huge loss... the deal that management made was indeed in the best interest of all of us. The fundamentals of this fantastic company have not changed. I believe that this IS, and WILL be, an incredible, history making find.

When I was a little girl, my dad would come home from the office carrying chunks of rock and core samples. My brother and I would dig through his pockets to see all of the shiny, rugged rocks.

On family trips to the camp... my brother and I would come across all kinds of different kinds of rocks and trying to impress our dad we would bring these little pieces of rock to him for approval.

Most of the time dad would reply.... that is “Leave ‘er right”..... “Leave er right? We would ask..... Yes kiddo..... Leave ‘er right there!!! Fool’s gold! It was then that we realized that this mining for gold thing was a lot harder that it looks. Do you know how much “leave er right” is around???!! Ha

My father grew up in Sudbury Ontario. His father worked very hard to build a life for his family and started Noront Steel. Grandpa Jim was an inventor, a visionary and a very hard working man. He designed the “snow bug” one of the very first snowmobiles in Canada. Grandpa instilled, in all of his children the importance of a solid, honest work ethic. If you work hard, play fair and honest, you can achieve anything you set your mind to.

My core belief and understanding of these principals have, to say the least, been shaken by this nasty proxy war. The tactics used by the hedge funds undermined my belief in working hard & honest to achieve your goals. Yes, I’m sad and angry that my dad didn’t get to see this through...his way. But I know that the decisions made, were made in all of our best interests. Making that deal preserved shareholder value. It preserved the progress and the relationships that Noront has been working so hard on for the last 5 years. A deal that was necessary in these uncertain economic times. This is the Noront that I know.

Dad, along with many of the “old school” boys in the mining industry got into this business for the excitement of the ‘find’. The spirit of mining, the excitement of the discovery, staking claims and taking lots of risks. Gold rush fever is what they called it! These guys believe that a discovery found is to be enjoyed by ALL, and not just a select few.

Dad passed along this message to us. Throughout the development of Noront Resources, a common theme played over and over again in our home. That theme was responsibility towards the shareholder and their investments. My dad has always cared tremendously about his shareholders. After all he would say... they are instrumental in all of the successes Noront achieves. Without them, there would be no great discoveries.

My brother and I are so proud of what dad has accomplished his integrity and honesty, his solid work ethic and his perseverance. He is and will always be our hero.

Dad is humbled and overwhelmed by the support of the many shareholders on this board, some of which have been with him for over 30 years.

This is a testament to his unwavering dedication to all of you; shareholders who he feels made this happen. Without them, there would have been no successes and no legacy to carry on.

No one could have predicted the economic climate that we are facing today and we may have to wait just a little longer to fully realize the potential of this find. I know that I’m hanging on...hanging on because I believe in what we have, hanging on because I believe in the power of the shareholders , hanging on because I have to believe that this new management wants to see success just as badly as we do, and hanging on because I believe in the tremendous efforts by management to bring this little junior company so far along, in such a short time.

Keep your eyes out... you haven’t seen the last of Dick Nemis. The excitement of the find is too powerful, and making people’s lives better, is the reward he gets out of all of this. He will be back!

Thanks to all of you for your support.

Keep the faith!

Jennifer Nemis


FANTOMAS

[Boersenkrieger]

Antwort auf Beitrag Nr.: 35.861.861 von Fantomas96 am 06.11.08 23:48:32

Einfach Klasse

[Boersenkrieger]

Antwort auf Beitrag Nr.: 35.861.901 von Boersenkrieger am 06.11.08 23:53:14

The fundamentals of this fantastic company have not changed

naja, sehe ich ganz anders.
man stelle sich vor ein Kind fährt einen Ferrari....

diese hedgis sind dumm wie stroh und geldgierig bis die schwarte kracht. kein normaler mensch mehr investiert neu in noront. ich tippe auf einen abflug richtung 0,30-0,40 CAD und eine übernahme zum jetzigen kurs.

wenn Nemis wieder einen explorer führt, dann bin ich auch dabei

Noront ist Geschichte, leider

[Lima34]

Antwort auf Beitrag Nr.: 35.861.935 von Boersenkrieger am 06.11.08 23:56:45

Norent hat nun das beste Management das Ihn gebührt, nämlich Leute die etwas bewegen können und die haben gezeigt, dass selbst ein Proxy auf agoracom nix bewirken kann, genauso wie dein blödes Geschwafel von Börsenkrieger auf WO nix bewirken kann, solltest mal eher Lesemodus eischalten wie schon damals von SE bewirkt, kaum noch auszuhalten dein dämliches Gesülze zur aktuellen Marktsituation , schiess Dich in den Wind lieber Börsenkrieger, aber bitte verschone uns mit Deinen verschissenenen Statements zu Not, hoffe nicht nur in meinem Sinne gehandelt zu haben

Lima

[Boersenkrieger]

Antwort auf Beitrag Nr.: 35.862.008 von Lima34 am 07.11.08 00:05:01

der kurs sagt immer die wahrheit

hat nun das beste Management das Ihn gebührt

was hast du geraucht

[Boersenkrieger]

Antwort auf Beitrag Nr.: 35.862.008 von Lima34 am 07.11.08 00:05:01

[Lima34]

Antwort auf Beitrag Nr.: 35.862.052 von Boersenkrieger am 07.11.08 00:11:00

pass uff ich rauche Crack!
aber was Du laberst sei es Silber oder Gold oder sonst was ist gequirllte Kacke, Du laberst nach dem Wind und somit bist Du tot Amigo! Comprende?

[Boersenkrieger]

Antwort auf Beitrag Nr.: 35.862.103 von Lima34 am 07.11.08 00:17:19

ich laber gegen den wind
Noront ist keine Cardero. den unterschied kannst du am chart ablesen. die meisten explorer werden eine dunkle zufunft vor sich haben und so gut ist noront eben nicht finanziert und das management seit der aktion kannste zur hälfte vergessen. also was erwartest du bitte ? tolle resourcen gibt´s viele. schau dir mal die von Geovic an, da wirste staunen... unterschied auch am chart ablesbar

[Lima34]

Antwort auf Beitrag Nr.: 35.862.159 von Boersenkrieger am 07.11.08 00:25:11

Narr Du!!

Deine Govic im innersten Africas kannst Du wohl niocht mit eine Norent vergeleichen

Auch Deine Strategie mit 20-30 Explorern oder Minerern ist wohl voll fehl geschlagen , so dass Du deinen Frust hier voll rausschreisen mnusst, Du armes gequälltes Schwein Du , Bin Laden möge Dir beistehen

Lima

[Boersenkrieger]

Antwort auf Beitrag Nr.: 35.862.206 von Lima34 am 07.11.08 00:31:48

sag bloss du liest alle meine postings
hab ich etwa einen fan ?
also noront hat so ziemlich die mieseste performance hingelegt von denen, aber ok es gab noch 2-3 schlechtere

[Lima34]

Antwort auf Beitrag Nr.: 35.862.218 von Boersenkrieger am 07.11.08 00:33:59

ich lese hier seit 5 Jahren mit und habe Dich als den Fähnchenschwenker par excellance mitbekommen, solche Leute wie Du sind für mich personas non grata, einfach ekelhaft

Lima

[Boersenkrieger]

Antwort auf Beitrag Nr.: 35.862.266 von Lima34 am 07.11.08 00:40:59

Fähnchenschwenker
danke für das kompliment. das forum braucht leute wie mich, die FLAGGE ZEIGEN
schön dass du auf mich hörst

[Lima34]

Antwort auf Beitrag Nr.: 35.862.299 von Boersenkrieger am 07.11.08 00:45:15

Ja,bist schon ein Witziger !!!


Die meisten trauen sich eh nicht mal pip zu sagen, schade


also WOler , gebt euch mal nen Ruck und sagt Peep

hehe

Lima

[Boersenkrieger]

Antwort auf Beitrag Nr.: 35.862.339 von Lima34 am 07.11.08 00:50:30

Peep-show wäre geil

[Fantomas96]

Antwort auf Beitrag Nr.: 35.862.159 von Boersenkrieger am 07.11.08 00:25:11

Boersenkrieger: "Noront ist keine Cardero. den unterschied kannst du am chart ablesen."

Da hast Du vollkommen Recht, Boersenkrieger, deshalb bleibe ich auch in Noront, denn max. 50% bei Cardero sind mir zu wenig !!!






FANTOMAS

[banimei]

Antwort auf Beitrag Nr.: 35.862.349 von Boersenkrieger am 07.11.08 00:51:47

Geh doch und müll deinen Cardero Thread zu.
Wie so einiges ist dir sicher nicht aufgefallen das dies hier ein Faktenthread ist und kein Thread für uninformatives und langweiliges Geschreibsel von irgendsonem börsenkruger.

Grüße an die die hier immerschon wichtige Informationen reingestellt haben und alle anderen die das als stille mitleser respektieren

[Boersenkrieger]

Antwort auf Beitrag Nr.: 35.864.577 von Fantomas96 am 07.11.08 07:16:16

noront macht bestimt 100% ...von 0,20 cad aus an
cardero ist wesentlich weiter und kann noront bald aus dr portokasse kaufen. allerdings sind sie sehr wählerisch was ihre beteiligungen angeht. von daher also wird nichts passieren

noront´s projekte sind nicht weit genug. ein paar bohrlöcher allein sind zu wenig für eine so stattliche marktkap.

schau dir mal die drills bei citigold an. so bereitet man ein projekt vor (immer noch billiger bewertet als noront und natürlich nicht so gefallen)

[powertecc]

Antwort auf Beitrag Nr.: 35.875.614 von Boersenkrieger am 07.11.08 20:20:12

Mein lieber Schieber!

Du hättest Politiker werden sollen, Börsi. Aber wahrscheinlich bist du auch noch einer!

Redest mal so, mal so! Wie im Bundestag. Oder bei den Banken!Je nachdem, wie dus brauchst.

Vor einiger Zeit hast du verzapft, als großer Chattechniker, dass der Kurs nun nicht weiter falle, und dass man dir vertrauen könne, du wüsstest das ganz genau.

Geschwätz!

Die Krise konnte ich ja nicht riechen, sagst du nun. Man konnte da schon was ahnen, sag ich dir dann. Das Ausmaß aber nicht, hälst du mir entgengen? Das nicht, antworte ich dir. Aber dass du so daherredest, wie du es gerade tust,und nicht mal in Erwägung ziehst, dich täuschen zu können, so wie damals, das ist eine Leistung.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 35.891.182 von powertecc am 09.11.08 12:53:43

das hat mit der krise nix zu tun. 90% kursverlust vom top haben nur die großen gurken geschafft. bei den meisten hielt es sich im rahmen von -60 bis -75%.
bei Noront hat sich eben vieles verändert ! wäre Nemis noch am ruder würde ich es anders sehen.
das management ist das wichtigste und mit diesen hedgeidioten geht hier nichts mehr groß voran.
die finanzlage und dazu die projektfortschritte sind eben nicht weit genug. will sagen für noront kam die krise zu früh. auch bei einigen anderen guten unternehmen ist es so teilweise. ist dann eben auch pech.
das sind dann eben alles nur opfer leider.
wenn morgen die nachricht käme dass sie zu 1,50 cad verkauft werden würden wäre ih sehr froh da ich noch ein paar shares übrig habe. das ist meine spekulation auf das ding, mehr nicht.
die marktkap ist ja immer noch ganz stattlich

[Fantomas96]

Deep Drilling by Noront Beneath the Eagle One Deposit Intersects 28.5 Meters of New Copper-Nickel Sulphide Mineralization

Monday November 10, 4:58 pm ET


http://biz.yahoo.com/ccn/081110/200811100496377001.html?.v=1



TORONTO, ONTARIO--(Marketwire - Nov. 10, 2008) - Noront Resources Ltd. ("Noront")(TSX VENTURE:NOT - News) wishes to report the following results from its exploration activities in the Ring of Fire portion of the McFaulds Lake area of northern Ontario in the James Bay Lowlands.
Noront in its Eagle One Extension Program has been diamond-drill testing the peridotite north-south striking dike or conduit between the Eagle One deposit and the AT1 anomaly, some 800 meters to the south, since earlier this summer. The most recently completed hole in this program, NOT-08-44, entered the peridotite conduit at 294.2 meters and returned 28.5 meters of copper-nickel sulphide mineralization to 322.7 meters where the hole left the peridotite conduit and continued in granodiorite until its end at 375.0 meters.

Following is a more detailed summary of hole NOT-08-44. Assays from the hole are pending and true widths cannot be determined at this time.




----------------------------------------------------------------------------
NORTHING EASTING AZIMUTH Dip LENGTH OBSERVED
HOLE NO. (UTN) (UTM) (degrees) (degrees) (m) MINERALIZATION
----------------------------------------------------------------------------
NOT-08-44 5843600 547000 090 -50 375 294.2-301.6 (7.4m)
diss. sulphides,
minor copper-
nickel
301.6-315.7 (14.1m)
massive sulphides
with copper,
nickel
315.7-322.7 (7.0m)
diss. sulphides,
minor copper-
nickel
----------------------------------------------------------------------------


The mineralization intersections reported are from visual observations and the pending assay reports must be awaited to give a more precise estimation of significant mineralization present. Notwithstanding the foregoing, visual observations are estimates only and pending assay results may not confirm visual observations in whole or in part.

Hole NOT-08-44 is approximately 70 meters vertically below hole NOT-08-28 & 32 previously reported (see press release dated May 8, 2008), which both returned significant core widths of copper-nickel and PGM mineralization from the Eagle One Deposit.

The previously completed eight drill holes (NOT-08-36 to 43) in this Eagle One Extension program were south of the previously known Eagle One Deposit and although they tested the same peridotite host conduit no significant mineralization was encountered.

Drilling is continuing at greater depths beneath the Eagle One Deposit to outline additional copper-nickel-precious metal resources to enhance the economic viability of this deposit. The results of a preliminary assessment of the Eagle One Deposit were released by Noront (see press release dated October 21, 2008) and a full report is expected before December 4, 2008.

Other Noront drills active in the Ring of Fire area include one continuing to delineate the Blackbird chromium deposits and two drills testing airborne geophysical targets elsewhere along the Ring of Fire. When assays pending from the chromium drilling program are received, they will be released as well as assays still pending from the AT-12 anomaly copper-nickel sulphide prospect where initial test drilling was recently completed.

QUALITY CONTROL AND ANALYTICAL PROTOCOL

A thorough quality control program is in effect for Noront's analytical work, which includes grouping samples into batches of 35 into each of which are added 2 certified reference material standards, 2 field blanks comprised of sterile drill core, and a field duplicate. Coarse reject and pulp duplicates also form part of each batch. It can be said with confidence that all assays underway will have passed the strict quality control guidelines as set out by Independent Qualified Person ("IQP") Ms. Tracy Armstrong, P.Geo., of P & E Mining Consultants Inc.

Drilling results in this press release have been approved for dissemination by Noront's senior management including John Harvey, P.Eng., Chief Operating Officer of Noront and Dr. Jim Mungall, P.Geo., Chief Geologist, both being Qualified Persons under Canadian Securities guidelines. The visual mineralization reported herein has been verified in the field by J. Atkinson, P. Geo., Exploration Manager for Noront Resources. Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,894,783 shares issued to date.

Investors can also utilize Noront's IR Hub at http://www.agoracom.com/IR/Noront.

ON BEHALF OF THE BOARD OF DIRECTORS:

Paul A. Parisotto and Joe Hamilton, Co-Chief Executive Officers

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



Contact:
Investor Relations Department
Noront Resources Ltd.
[phone]
Email: [e-mail]
Website: www:norontresources.com




FANTOMAS

[banimei]

Antwort auf Beitrag Nr.: 35.907.569 von Fantomas96 am 10.11.08 23:12:59

Endlich!!! superklasse!!

[Fantomas96]

Da ist die Finazierung und die Optionen für das neue Management:

NEWS - Noront Update and Flow-Through Financing
Posted by: AGORACOM on November 11, 2008 05:17PM


TORONTO, ONTARIO - (Nov. 11, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE: NOT) is currently completing its workplans and budgets focusing on additional drilling and geophysical work at Noront's McFaulds Lake project in the area known as the "Ring of Fire" in the James Bay Lowlands. For the 2009 calendar year, management expects work programs to focus on exploring extensions to known nickel and chromite mineralization as well as on identified anomalies, which remain untested. Noront's management anticipates that proposed exploration budgets for these work programs will be approximately $10-$20 million for the year. Working capital at the end of October was approximately $25 million.


Flow-Through Financing


In order to fund its continued exploration at McFaulds Lake, the Company intends to offer by way of private placement, a maximum of 25,000,000 "flow-through" common shares at a price per share of $0.80, for gross proceeds of up to $20 million. This placement is being effected on a non-brokered basis, however, Noront may pay finder's fees in respect of this placement of up to 4% of the gross proceeds raised. Any such finder's fees will be paid by Noront out of working capital. This private placement remains subject to all required approvals, including board and regulatory approvals.


Options


Options to acquire an aggregate of 1,800,000 common shares have been granted to the six directors of Noront, at an exercise price per share of $0.80. The options are exercisable, upon vesting, until November 10, 2013 and vest upon the later to occur of the following: (i) the weighted average trading price of Noront's common shares for ten consecutive trading days must exceed 120% of the increase in the S&P/TSX Venture Composite Index from the date of grant, and (ii) the weighted average closing price of Noront's common shares for ten consecutive trading days must exceed the exercise price of the options by 125%.


In addition, options to acquire an aggregate of 600,000 common shares have been granted to the interim co-CEOs, at an exercise price per share of $0.80. These options vest as to 50,000 options in the aggregate each month, for twelve months for so long as the optionee occupies the office of interim co-CEO and are exercisable, to the extent vested, until November 10, 2013.


For further information please contact the Investor Relations Department at [phone] or visit Noront's website at http:/www:norontresources.com

Investors can also utilize Noront's IR Hub at http://www.agoracom.com/IR/Noront.


ON BEHALF OF THE BOARD OF DIRECTORS:


Paul Parisotto and Joe Hamilton, Co-Chief Executive Officers


This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Noront Resources Ltd.
Investor Relations Department
[phone]
Fax: [phone]
Email: [e-mail]
Website: www:norontresources.com


FANTOMAS

[Boersenkrieger]

Antwort auf Beitrag Nr.: 35.917.432 von Fantomas96 am 11.11.08 23:41:41

geile Verwässerung. ich sag´s ja den laden kann man nun dichtmachen und vergessen

Strateco hat vor ein paar wochen noch ne FT-finanzierung zu 1,95 CAD durchgekriegt (8 mios) kurs heute 0,56 CAD. so macht man finanzierungen

[Fantomas96]

Antwort auf Beitrag Nr.: 35.917.510 von Boersenkrieger am 11.11.08 23:51:42

geile Verwässerung. ich sag´s ja den laden kann man nun dichtmachen und vergessen


ABWARTEN !


FANTOMAS

[manieredevoir]

Antwort auf Beitrag Nr.: 35.917.532 von Fantomas96 am 11.11.08 23:54:59

... es ist ja nicht einfach nur die Verwässerung! Je nachdem, wer sich die Aktien des PP sichert (Rosseau und Konsorten? die neuen Vorstandsmitglieder mit ihren gut gefüllten Taschen aus dem Aurelian-Deal?) kann damit Noront locker unter seine Kontrolle bringen - damit Aktionen wie neulich durch die Kleinaktionäre nicht mehr so stören....Eine ziemliche Schweinebande, wenn man mich fragt - aber das tut ja keiner

[Boersenkrieger]

Antwort auf Beitrag Nr.: 35.917.532 von Fantomas96 am 11.11.08 23:54:59

na das wird dem kurs bestimmt nicht nutzen.
die story war klasse. aber ich gebe keinen pfifferling mehr drauf und die nachricht heute ist der knaller. genau so hab ich mir das vorsgestellt und hauptsache das pseudo-management packt sich obendrein noch die taschen voll.
noront wird einfach zerschmettert. so sehe ich das. nur noch leichenfledderer am werk.
ich verstehe eigentlich nicht dass du an diesen wert noch glaubst. ausser dass loslassen schwerfällt.
letztlich muss man auch noch zu den fundies sagen, dass DE 1 auch etwas enttäuschte von der größe her.
nachgewiesene resourcen/reserven sind einfach wichtiger als spektakuläre rekordverdächtige bohrkerne.
die besten minen beinhalten oft nur wenige grades pro Tonne (z.b. kinross mit Fort Knox mine unter 1 g/t eine der besten goldminen). Noront war ein spektakel und bei 7 CAD gnadenlos überbewertet (damals im allgemeinen hype natürlich nur bedingt). 2-3 CAD wären ok.... aber nur mit einem richtigen CEO... mit Nemis und nicht diesen Aasgeiern.
ich rechne hier erstmal mit kursen von 0,4 bis 0,5 cad

[manieredevoir]

Antwort auf Beitrag Nr.: 35.917.749 von manieredevoir am 12.11.08 00:21:56

Aber vielleicht ist es ja auch ganz anders, wenn man um drei Ecken herum denkt. Warum das PP zum jetzigen Zeitpunkt? Wenn ich an eine Konsolidierung des ROF im Sinne von Rosseau und anderen denke, dann wären diese 20 Millionen zum jetzigen Zeitpunkt auf einer Einkaufstour sehr günstig anzulegen (wenn es denn die Besitzstruktur möglich macht), z. B. bei

BMK (MC von 9 Mio) – hier hängt auch großes Geld drin,
TME (MC von 4,25 Mio) – über Director mit NOT verflochten,
Probe (Market Cap von etwa 3 Mio),

Nimmt man nur einmal diese drei (von FNC, SPQ, KWG, UC mal ganz abgesehen, aber Metalex mit 5 Mio MC würde noch gut dazu passen) und berücksichtigt, welche Riesenmenge an Landpaketen das bedeuten würde – der ROF wäre quasi mit fast einem Schlag "konsolidiert" und die Hintermänner von Noront hätten fast alles einkassiert….ist doch ein netter Gedanke!

Selbst in der Minimalkombination von NOT mit BMK-TME wäre auch schon der größte Brocken in einer Hand. Mit FWR und dem Trio UC-SPQ-KWG ginge das vermutlich nicht ganz so glatt. Die sollten aber bei diesen heruntergeprügelten Kursen sehr auf der Hut sein.

[uprock]

Ich bin hier erst vor wenigen Tagen wieder eingestiegen. Hab 2007 zu früh verkauft, fast den ganzen Run auf 7$ und zurück nicht mitgemacht und gehe von daher wahrscheinlich etwas unbelasteter als andere hier an NOT und das neue Management ran.

@ Manieredevoir

Schon richtig, dass, wer das neue PP zeichnet, erheblichen Einfluss auf NOT wird ausüben können. Besonders dann, wenn man diese Aktien mit evt. schon vorhandenen Anteilen ergänzt. Nur: gibt es für NOT irgendeine Alternative zur Auflage des neuen Placements? Ich meine nein. Das Geld wird, auch in dieser Höhe, mittelfristig gebraucht, da gibt's keinen Zweifel. Bei den Beträgen, mit denen NOT operieren (müssen), finde ich es nachvollziehbar, dass nicht so lange mit der Frischgeldbeschaffung gepokert wird, bis die bisherige Kasse ganz leer ist. Keiner weiss, wie die Kreditmarktsituation in 09 aussehen wird. Und was die Einflussmöglichkeiten angeht: das ist nun mal so, wer 20 Mio einlegt, kriegt Stimmrechte. Du und ich würden die auch kriegen, wenn wir das PP zeichnen würden. Hab nur gerade keine 20.000.000 flüssig. Von daher bin ich erst mal ganz froh, wenn sich jemand findet, der hier 20 Mios in der jetzigen Lage einschiesst.


@ Börsenkrieger

Meinst Du nicht, dass es ein wenig Äpfel und Birnen sind, wenn Du das PP mit dem von Strateco vergleichst? NOT wollen 20 Mios. Das ist in der momentanen Crashphase für einen Junior dieses Stadiums verdammt ambitioniert. Da kann kein Spitzenpreis erwartet werden. Ausserdem gibt es keine Warrants und die Finders Fee ist mit 4% absolut moderat. Wenn sich irgendwelche Seilschaften Geld zuschieben wollten, hätten die sonst gleich mal mit 10% Fee und lecker Warrants angefangen. Und noch mal zu Strateco: ja, sie haben fast zum vierfachen des jetzigen Kurses plaziert. Fragt sich nur, ob die Finanzierung so hoch - oder der jetzige Kurs jämmerlich niedrig ist (wahrscheinlich beides ...). Also ich denke, das NOT-Financing ist nicht berauschend, aber akzeptabel. Und vor allem unvermeidlich.


@ Fantomas

Frage an Dich als NOT-Experten: was war eigentlich an Nemis so aussergewöhnlich gut? Ich bin im ganzen NOT-Thema nicht so drin wie einige Leute hier. Aber so wie ich es die letzten 12 Monate am Rande beobachtet habe, seh ich Nemis ungefähr so: NOT gibt's seit über 20 Jahren. Bis zur Eagle 1-Bohrung hat Nemis hier und da exploriert und Liegenschaften in allen möglichen Erdteilen gesammelt, aber eigentlich nichts grossartiges auf die Reihe gekriegt. Das wertvollste Gebiet schien mir bis letzten Sommer noch Windfall Lake zu sein. Doch hat sich diese Property ja nun zuletzt auch in wesentlich nüchternem Licht dargestellt. Was den ROF angeht: war es hier nicht so, dass die zu Eagle One führende Bohrung ohne grosse Erwartungshaltung gemacht worden und das Loch fast ein reiner Glückstreffer gewesen ist? Anschliessend hat Nemis wohl m.W. bei der weiteren Exploration im ROF kompetent agiert. Trotzdem hab ich nicht unbedingt den Eindruck, dass er mehr als ein Geologe der oberen Durchschnittsliga war. Ich versteh nicht ganz, woher die bei vielen Leuten vorhandene Heldenverehrung für ihn kommt und warum mit Nemis NOT ein Winner, aber unter dem neuen Management nur noch reif zum Fleddern sein soll.

Wie gesagt, ich bin im Thema nicht so drin, wie einige von Euch. Mag sein, dass meine Kenntnisse zu Nemis eingeschränkt sind. Wie siehst Du ihn?

[uprock]

Antwort auf Beitrag Nr.: 35.918.030 von manieredevoir am 12.11.08 01:06:09

Mein vorheriges Posting bezog sich auf Deins von 00:21, hatte das nachfolgende noch nicht gesehen.

Ich stimme Dir zu: Konsolidierung im ROF ist künftig so sicher wie das Amen in der Kirche. Wer immer als Konsolidierer auftritt, kann derzeit für pennies on the dollar einkaufen - aber Konsolidierer wird nur, wer Cash besitzt.

Auch von daher könnte das neue Financing Sinn machen.
Was NOT durch den niedrigen Plazierungskurs verschenken, kann mittels noch billigerer Zukäufe schnell wieder wettgemacht werden.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 35.918.204 von uprock am 12.11.08 01:37:48

deine gedanken dazu kann man natürlich stehen lassen.
mal abwarten was sie damit anstellen.
dass solche news den kurs weiter zerfetzen ist natürlich auch klar

[uprock]

Antwort auf Beitrag Nr.: 35.930.357 von Boersenkrieger am 12.11.08 20:45:32

NOT fällt an einem Tag um 20% und schon hast Du, wie bei RSC, eine Situation, wo Du nun auch hier dem Management bescheinigen darfst, was sie für tolle Hechte sind, wenn sie ein PP für 0.80 durchkriegen und unterdesen der Kurs viel niedriger steht. Alles relativ ...

Warten wir doch erst mal ab, ob sie die 20 Mios in der jetzigen Zeit wirklich zusammenbekommen. Wenn es klappt, würde ich das als massiven Vertrauensbeweis in NOT und den ROF werten.

Ist wahrscheinlich schwerer, eine Aktie im November 08 für 0.80 zu plazieren, als dieselbe Aktie im November 07 für 7.00.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 35.932.354 von uprock am 12.11.08 23:19:59

ja, mag sein
90% und drüber konsolidierung scheinen ja nicht genug zu sein.
wenn ich von damals 2000-2005 ausgehe gab´s etliche aktien die 95% konsolidierten und dann später neue ATH´s schafften (orascom, solarworld, perficient fallen mir spontan ein wobei perficient das ATH um 5% verfehlte später)
wenn die miner auch so laufen wär ich zufrieden auch wenn dann nochmal ne hlabierung ansteht

[powertecc]

Mal ne Frage:

Blick jemand durch, wie hoch der Wert der Ressourcen Noronts aufgrund der Bohrergebnisse bislang ist?

[Fantomas96]

Ich höre aus Kanada, daß das PP bisher mit 19 Millionen Aktien zu CAD 0,80 gezeichnet sein soll, alleine Lassonde soll nochmal 7 Millionen gezeichnet haben.

Weiterhin höre ich von einer Konsolidierung im RoF, an der Richard Nemis und Blassutti beteiligt sein sollen. Vielleicht von einem Großen im Hintergrund unterstützt (Barrick, Lassonde ...).

Jedenfalls gab es gestern ein sehr ungewöhnliches Volumen mit WSR (9 Millionen Aktien gehandelt) und heute mit MKR (knapp 3,5 Millionen Aktien), wobei WSR als eines der "targets" genannt wird (warum wollen die auch plötzlich ihren Namen ändern ???).
Vor allem sind fast alle mittlerweile für "nen Appel und nen Ei zu haben" !

Mal abwarten, könnte spannend werden !

FANTOMAS

[Daytrader12]

Antwort auf Beitrag Nr.: 36.151.359 von Fantomas96 am 04.12.08 23:41:50

Moin!

Das mit WSR ist mir auch aufgefallen!

Waren aber rote Balken, d.h. Verkäufe (Umschichtungen?).

Ansonsten schön mal wieder von Dir zu lesen Fantomas!

LG!

Daytarder12

[franz991]

Antwort auf Beitrag Nr.: 36.151.359 von Fantomas96 am 04.12.08 23:41:50

Hallo Fantomas,
hier kommt schon die Bestätigung über den erfolgreichen Abschluss der PP.
Hätte gerne Deine Einschätzung über die Entwicklung in den nächsten Monaten bzgl. NOT und ROF gewusst. Besten Dank für Deine hervorragende Arbeit.

Noront closes financing
NORONT RESOURCES LTD NOT 12/4/2008 6:16:00 PMTORONTO, Dec. 4, 2008 (Canada NewsWire via COMTEX News Network) --
Noront Resources Ltd. ("Noront") (TSX Venture: NOT) is pleased to announce that it has successfully closed its previously announced flow-through private placement financing. Gross proceeds of $18,870,000 were raised through the issuance of 23,587,500 flow-through common shares at a price of $0.80 per share. This placement was effected on a non-brokered placement basis, with the hold periods in respect of such issuances expiring on March 29, and April 5, 2009. Finder's fees of $754,800 were paid to various arm's-length parties in respect of the offering.

The proceeds of this placement will be used for further exploration of Noront's McFaulds Lake projects.

Paul Parisotto, Interim co-CEO stated: "It is a testament to the quality of Noront's assets, that we have been able to complete this financing in these difficult market conditions."

In addition, Noront wishes to advise that Kevin Feeney, CFO has left Noront. Noront wishes Mr. Feeney well in his future endeavours and thanks him for his contributions to the company. Noront has begun the process of identifying a successor for this office.
ON BEHALF OF THE BOARD OF DIRECTORS:
"Paul Parisotto and Joe Hamilton" Co-Chief Executive Officers The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. >>%SEDAR: 00003339E

SOURCE: Noront Resources Ltd.

the Investor Relations Department at [phone] or visit Noront's website at http:/www:norontresources.com; Investors can also utilize Noront's IR Hub at http://www.agoracom.com/IR/Noront

Copyright (C) 2008 CNW Group. All rights reserved.

[hbg55]

Antwort auf Beitrag Nr.: 36.151.661 von franz991 am 05.12.08 07:15:46

Gross proceeds of $18,870,000 were raised through the issuance of 23,587,500 flow-through common shares at a price of $0.80 per share. This placement was effected on a non-brokered placement basis, with the hold periods in respect of such issuances expiring on March 29, and April 5, 2009.



....denke mal, daß wir damit ein, wenn auch nur vorrübergehendes
ende, der talfahrt einläuten !!!!

[franz991]

Antwort auf Beitrag Nr.: 36.151.882 von hbg55 am 05.12.08 08:43:47

Sehe ich auch so.
Ist schon beachtlich, dass man 23,5 Mio. Shares zu 0,80 CAD an den Mann bringt, in Zeiten mit offiziellem Handel bis zu 40 % günstiger.

[supernova1712]

Antwort auf Beitrag Nr.: 36.151.359 von Fantomas96 am 04.12.08 23:41:50

Wer ist Blassutti?
Google hilft mir nicht weiter.

Und hast Du Links oder Quellen zu den genannten Gerüchten?
Vielen Dank im voraus!

Freundlichen Grüße
supernova

[Fantomas96]

Antwort auf Beitrag Nr.: 36.153.390 von supernova1712 am 05.12.08 12:10:09

@ supernova

Wer ist Blassutti?
Google hilft mir nicht weiter.

Und hast Du Links oder Quellen zu den genannten Gerüchten?


1. Zu Blasutti

Brauchst Du nur zur Noront-Homepage gehen, er ist Director bei Noront und Vizepräsident für Unternehmensentwicklung bei Barrick Gold !

http://www.norontresources.com/corporate.html


DARREN BLASUTTI
Director
Highlights




Mr. Blasutti is Senior Vice President, Corporate Development for Barrick Gold Corporation. He has played a key role in the implementation of strategic development opportunities and multiple acquisitions. Mr. Blasutti was previously at PricewaterhouseCoopers where he planned, supervised and managed audits for a variety of clients. He is a member of the Canadian Institute of Chartered Accountants.


2. Zu meinen Infos

Ich habe Kontakt zu einigen Leuten in Kanada (mit Bay Street Connections), die offensichtlich ebenfalls gute interne Kontakte haben.

FANTOMAS

[KNORPEL]

[Fantomas96]

Antwort auf Beitrag Nr.: 35.990.954 von powertecc am 18.11.08 14:56:04

@ powertecc

Mal ne Frage:
Blick jemand durch, wie hoch der Wert der Ressourcen Noronts aufgrund der Bohrergebnisse bislang ist?


Antwort:

NI43-101 Ressourcen für Eagle1:


Indicated :

1,834 Millionen Tonnen mit :

1,96% Nickel, 1,18% Kupfer, 0,15 g/t Gold, 1,12 g/t Platin, 3,91 g/t Palladium, 3,81 g/t Silber

entspricht : 79,2 Mio. Pfund Nickel, 47,6 Mio. Pfund Kupfer, 9100 Unzen Gold, 66200 Unzen Platin, 230500 Unzen Palladium und 224400 Unzen Silber.

Inferred:

1,087 Millionen Tonnen mit :

2,39% Nickel, 1,27% Kupfer, 0,13 g/t Gold, 1,37 g/t Platin, 4,50 g/t Palladium, 4,21 g/t Silber

entspricht : 57,2 Mio. Pfund Nickel, 30,5 Mio. Pfund Kupfer, 4600 Unzen Gold, 47900 Unzen Platin, 157300 Unzen Palladium und 147000 Unzen Silber.


http://www.norontresources.com/investor/ring-of-fire/2008-Au…


Der Wert war mal 2,1 Milliarden CAD, hat durch sinkende Metallpreise aber eingebüßt.

FANTOMAS

[Fantomas96]

Neue Präsentation von der San Francisco Konferenz (05.12.):

http://www.norontresources.com/investor/noront/2008-Dec5-Pre…


FANTOMAS

[supernova1712]

Anscheinend stand zu Noront auch was im NORTHERN MINER, leider nur für Abonnenten.

+++

Noront, Rosseau settle ahead of proxy battle
Monday, November 03, 2008

Noront Resources (NOT-V, NOSOF-o) president and CEO Richard Nemis stepped down at the company's annual meeting on Oct. 28, but he wasn't denied a proper send off at the at-times emotional meeting, rec...
+++

Kommt jemand an den ganzen Artikel? Oder was stand da drin?

Freundliche Grüße
supernova

[mike32]

Moin ,

wer zu diesen Preisen nicht kauft , dem ist nicht mehr zu helfen !

Abgerechnet wird 2010 !

gruss mike
Ein Optimist weiß, wie schlecht die Welt sein kann. Ein Pessimist erlebt das jeden Tag!

[banimei]

Antwort auf Beitrag Nr.: 36.167.368 von mike32 am 08.12.08 17:25:00

Hallo,

Habe huete zu .48 CAD 9700 Stck zu gekauft nun habe ich 28000 Stck. und konnte meinen EK auf 1.77 CAD runterschrauben.
Hoffe das reicht fürs erste 1.7 CAD sollte nächstes Jahr drinnen sein. Hauptsache ich bekomme das raus was ich rein gesteckt habe.

Gruß an alle holder,
bani

[hbg55]

...zur feier des tages heute mal der RT- chart auch HIER....






RT...cad 0,58

[hbg55]

Antwort auf Beitrag Nr.: 36.208.202 von hbg55 am 15.12.08 18:11:11

Recent Trades - Last 10

Time Ex Price Change Volume Buyer Seller Markers


12:06:04 V 0.58 +0.10 500 85 Scotia 1 Anonymous K
12:05:45 V 0.58 +0.10 5,000 85 Scotia 2 RBC K
12:05:45 V 0.58 +0.10 2,000 85 Scotia 80 National Bank K
12:05:17 V 0.57 +0.09 20,000 68 Leede 68 Leede K
12:05:01 V 0.58 +0.10 3,000 79 CIBC 80 National Bank K
12:04:55 V 0.58 +0.10 5,000 79 CIBC 1 Anonymous K
12:04:55 V 0.58 +0.10 1,000 79 CIBC 1 Anonymous K
12:04:55 V 0.58 +0.10 1,000 79 CIBC 2 RBC K
12:04:21 V 0.58 +0.10 1,000 2 RBC 2 RBC K
12:03:24 V 0.57 +0.09 2,000 33 Canaccord 1 Anonymous K

[Radikalinsky]

Antwort auf Beitrag Nr.: 36.208.292 von hbg55 am 15.12.08 18:22:31

Der Kursanstieg könnte mit einem Rettungsplan der kanadischen Regierung u. a. für die Mining-Industrie zusammenhängen:

Breaking News from The Globe and Mail
Tories set to add forestry, mining to bailout list

JANE TABER

Monday, December 15, 2008

After pledging more than $3-billion to rescue the auto sector, the Harper government is now poised to offer similar aid to the struggling mining and forestry industries in next month's budget.

Industry Minister Tony Clement said Sunday on CTV's Question Period that a number of industries are “under distress” and “other industrial sectors, other extraction sectors are on the table for our budget coming out on January 27th.”

B.C. Premier Gordon Campbell called on the Harper government to give “comparable support” to the forestry industry if it subsidizes auto manufacturers in central Canada.

http://www.globeinvestor.com/servlet/story/RTGAM.20081215.wb…

[hbg55]

Antwort auf Beitrag Nr.: 36.209.122 von Radikalinsky am 15.12.08 20:28:36

...thks radikalinsky.........ein grund meeeehr aussichtsreiche
explorer im auge zu behalten.


bei NOT sehe ICH jedoch nicht so sehr einen zusammenhang
damit, denn die sollten nach erfolgreichem PP zum kurs
von cad 0,80 ne ausreichend gefüllte kasse haben !!!


hier spielt IMO die heutige TOP NEWS von SPQ/KWG eine
gewichtige rolle mit resultaten next to NOT- resourcen !!!

[Fantomas96]

Antwort auf Beitrag Nr.: 36.209.325 von hbg55 am 15.12.08 20:59:47

Das FWR/SPQ/KWG-JV mit super News heute und neben den Chrom-Werten auch endlich wieder mal Platingruppen-Metalle und Nickel !


FW-08-16 where 1.0 metre returned an assay of 0.93% Copper and 2.04% Nickel.


Hole FW-08-15 on local grid section L11+50E intersected a length of platinum and palladium mineralization, where the Total Precious Metals (TPM) averaged 1.49 g/t (gram/tonne) over 7.5 meters, followed by a 92.8 meter section of semi-massive chromite that averaged 12.3% Cr2O3, including a 12.1 meter section of massive chromite with an average of 33.1% Cr2O3 followed by a 5.3 meter section of peridotite that averaged 2.5 g/t TPM. The higher grade chromite beds had a moderate Cr:Fe ratio of 1.18.

Hole FW-08-18 on local grid section L12+00E intersected a weakly mineralized chrome section over 15.0 meters containing an average of 6.3% Cr2O3, followed by a much better mineralized section further down the hole over where a 70.5 meter zone of semi-massive to massive chromite averaged 24.9% Cr2O3 including a section of 32 meters containing 37.5% Cr2O3. The latter intercept has a very favourable Cr:Fe ratio of 1.63.

Hole FW-08-19 on local grid section L12+00E intersected a weakly mineralized chrome section that over 21 metres averaged 12.04% Cr2O3 including a short higher grade section that averaged 31.32% Cr2O3 over 2.6 metres. The higher grade interval has a favorable Cr:Fe ratio of 1.55. This section was followed by a relatively enriched section of platinum group metals sandwiched between two chrome layers that averaged 1.69 g/t TPM over 21 meters including 3.8 metres that averaged 5.18 g/t TPM (2.15g/t Pt, 2.86 g/t Pd and 0.17 g/t Au). This was followed by a thick high grade chrome bed that averages 37.18% Cr2O3 over 46.5 metres with a Cr:Fe ratio of 1.66.

Hole FW-08-20 on local grid section L12+00E intersected a moderately mineralized chrome section over 76.0 meters containing an average of 23.25% Cr2O3, including a section of 32.7 meters containing 39.56% Cr2O3. The latter intercept has a very favourable Cr:Fe ratio of 1.88.

Hole FW-08-21 on local grid section L12+00E intersected a very weakly mineralized chrome section that over 22.5 metres averaged 1.29% Cr2O3, as well as 0.30% Nickel. This was followed by a 5.5 metre section that averaged 0.75 g/t TPM, followed by 2.1 meters averaging 17.47% Cr2O3. A third chromite bed was encountered further down the hole, that over 57 metres averaged 17.52% Cr2O3 including 9.8 metres that averaged 31.9% Cr2O3, as well as another higher grade interval that averaged 39.22% Cr2O3 over 10.8 metres. This latter interval contained 0.83 g/t TPM as well and has a favorable Cr:Fe ratio of 1.53.



Der Kreis (von Prof. Mungall) schließt sich, im wahrsten Sinne des Wortes !

FANTOMAS

[hbg55]

moin NOT-lers


mal schauen, wie weit es HEUTE vorangeht - 1. ziel
für MICH......PP- ausgabekurs von cad 0,80 !!!

[Supermar9]

Wenns bei uns schon so raufgeht weil die Nachbarn von uns Gute Resultate gezeigt haben, dan müsste es ja bei unseren nächsten News der Bohr-Ergebnisse ja ein Kurs Feuerwerk geben

[hbg55]

Antwort auf Beitrag Nr.: 36.212.024 von Supermar9 am 16.12.08 11:12:39

....joooo, so seh ichs auch.....und DAS mit nem
soliden fin.- polster !!!

[dosto]

Antwort auf Beitrag Nr.: 36.168.377 von banimei am 08.12.08 19:59:24

genial,

Klasse, System.

Hauptsache ich bekomme das raus was ich rein gesteckt habe.

in meinem Hinterkopf klingelt es.
Was denkt der Mensch, ich kann nicht verlieren.
Oder es mangelt ihm an Alternativen, das wohl so oder so.

50.000 Can Dollar in Schrott- minimum-
Mir fehlt die Logik das nachzuvollziehen.

[Supermar9]

Super!!! Gleich sehen wir die 0,80 Can

[hbg55]

Antwort auf Beitrag Nr.: 36.214.805 von Supermar9 am 16.12.08 15:58:19

....DAS wär ja HEUTE schon meine 1. zielmarke

[hbg55]

Antwort auf Beitrag Nr.: 36.214.877 von hbg55 am 16.12.08 16:05:02

...doch erstmal haben wir ja noch paaaar stücke in
den 70igern........



Time Ex Price Change Volume Buyer Seller Markers


10:14:11 V 0.70 +0.14 2,000 1 Anonymous 7 TD Sec K
10:14:03 V 0.67 +0.14 100 6 Union 57 Interactive E
10:14:03 V 0.70 +0.14 8,000 1 Anonymous 7 TD Sec K
10:14:02 V 0.70 +0.14 5,000 1 Anonymous 7 TD Sec K
10:14:01 V 0.70 +0.14 12,000 27 Dundee 7 TD Sec K
10:14:01 V 0.70 +0.14 6,500 27 Dundee 7 TD Sec K
10:14:01 V 0.70 +0.14 6,500 27 Dundee 7 TD Sec K
10:13:41 V 0.70 +0.14 500 141 Bolder 7 TD Sec K
10:13:41 V 0.70 +0.14 4,000 141 Bolder 2 RBC K
10:13:41 V 0.69 +0.13 500 141 Bolder 95 Wolverton K

[hbg55]

Antwort auf Beitrag Nr.: 36.215.125 von hbg55 am 16.12.08 16:31:29

...denke, ein paaaar davon werde auch ICH nochmal
wegfischen

[Supermar9]

Endlich geht bei uns auch die Post ab! So kanns die nächsten Tage weitergehen:
0,75 can = zirka 0,45 cent

[hbg55]

Antwort auf Beitrag Nr.: 36.218.376 von Supermar9 am 16.12.08 22:03:26

.......und damit schließen wir auf TH....bei einem
laaaange nicht gesehenem vol. von 1,2 mio. st. !!!!

[hbg55]

Antwort auf Beitrag Nr.: 36.218.520 von hbg55 am 16.12.08 22:12:37

Recent Trades - Last 10


Time Ex Price Change Volume Buyer Seller Markers


15:59:46 V 0.75 +0.19 2,000 98 Gateway 54 Global K
15:59:45 V 0.75 +0.19 7,500 7 TD Sec 54 Global K
15:59:45 V 0.75 +0.19 2,500 7 TD Sec 80 National Bank K
15:59:28 V 0.74 +0.18 2,000 7 TD Sec 7 TD Sec K
15:57:27 V 0.72 +0.16 2,000 80 National Bank 9 BMO Nesbitt K
15:55:23 V 0.72 +0.16 12,000 2 RBC 80 National Bank K
15:55:06 V 0.71 +0.15 500 7 TD Sec 85 Scotia K
15:55:06 V 0.71 +0.15 2,000 2 RBC 85 Scotia K
15:55:06 V 0.71 +0.15 2,500 80 National Bank 85 Scotia K
15:54:50 V 0.71 +0.15 500 80 National Bank 85 Scotia K

[Fantomas96]

DEALTALK-Mining bottom-feeders look ready to start to bite

Tue Dec 16, 2008 4:32pm EST


http://www.reuters.com/article/marketsNews/idCAN124548932008…


By Cameron French

TORONTO, Dec 16 (Reuters) - Two recent mining M&A deals suggest that acquisition-hungry players are starting to come off the sidelines looking for smaller competitors made vulnerable by volatile metals prices and tight credit markets.

But unlike the M&A boom earlier in the decade, which was fueled by high prices and a thirst for size, any new wave of takeovers is expected to match "haves" with "have-nots" as miners with strong balance sheets take advantage of cash-hungry companies hawking their assets at rock-bottom prices.

"We had a round of M&A activity when the going was good," said John Ing, president of Toronto investment dealer Maison Placements.

"Now with prices where they are, there's no question it's quite attractive for the stronger balance sheets to pick up some smaller balance sheets,"

Cash-rich HudBay Minerals (HBM.TO: Quote, Profile, Research, Stock Buzz) sparked the recent activity with an all-share bid for rival Lundin Mining (LUN.TO: Quote, Profile, Research, Stock Buzz). Once an M&A-hungry high-flier, Lundin has suffered from weak zinc prices that have made much of its operation uneconomical.

HudBay clinched Lundin's agreement to the takeover by doing a C$136 million private placement financing that allowed it to give Lundin an immediate cash injection ahead of the C$600 million takeover's close in February.

Iamgold (IMG.TO: Quote, Profile, Research, Stock Buzz), meanwhile, agreed to buy small player Orezone (OZN.TO: Quote, Profile, Research, Stock Buzz) for about $140 million last week. The deal will give Iamgold the 3 million-ounce Essakane gold deposit in West Africa, which Orezone could not afford to develop on its own.

The shares of both target companies had dropped more than 80 percent this year, a not-uncommon decline in the current market as tight credit and weak metals demand have prompted investors to favor miners with positive cash flows and money in the bank, and shun the rest.

All told, stocks measured by the Toronto Stock Exchange's S&P/TSX global mining index are down 40 percent so far this year, with smaller players bearing the brunt of the decline.

In the most recent reporting period, many larger miners said they were keeping an eye on smaller miners' valuations, looking to add assets. But analysts said deals would be slow in coming until buyers concluded that stock prices had calmed to the point of being useful as a valuation tool.

ENTRY POINT REACHED?

The Iamgold deal -- which has been welcomed by investors, as opposed to the deeply unpopular Lundin takeover -- has been seen as a sign that that point has been reached.

"It's the first one made at these depressed levels. It's kind of the first out of the gate that got things going again," said Paolo Lostritto of Wellington West Capital Markets.

Mining stocks, meanwhile, have been relatively stable since late October, and the Iamgold bid has given a boost to shares of several junior gold players seen as potential targets.

Shares of NovaGold, which warned last month it would need additional funding to meet financial obligations, jumped 52 percent immediately after Iamgold announced its bid, and has tripled in less than a week.

The company owns half of the Donlin Creek project in Alaska, which has the potential to produce a million ounces a year, and is seen as a potential target for Donlin Creek joint venture partner Barrick Gold (ABX.TO: Quote, Profile, Research, Stock Buzz).

Guyana Goldfields (GUY.TO: Quote, Profile, Research, Stock Buzz) surged 55 percent following the deal, while Detour Gold (DGC.TO: Quote, Profile, Research, Stock Buzz), which is developing the Detour lake project in northeastern Ontario, rose 18 percent.

Also boosted by M&A talk is Corriente Resources (CTQ.TO: Quote, Profile, Research, Stock Buzz), a Canadian copper explorer active in Ecuador. Corriente stock jumped 12 percent on Tuesday after it said it was in exclusive talks to sell itself to a third party.

Expectations of deals have also been fueled by signs the strength of industry's senior segment is improving, as larger miners such as Agnico-Eagle (AEM.TO: Quote, Profile, Research, Stock Buzz) and Yamana Gold (YRI.TO: Quote, Profile, Research, Stock Buzz) have successfully issued equity to shore up balance sheets.

"I hear separately that M&A lawyers are extremely busy now," said George Topping, a mining analyst Blackmont Capital.

"I think the ball is starting to roll."

($1=$1.21 Canadian) (Additional reporting by Susan Taylor in Ottawa; editing by Peter Galloway)


Gruß,

[Fantomas96]

Neuestes Co-CEO Interview mit Paul Parisotto and Jo Hamilton vom 16. Dezember 2008


http://www.smallcapepicenter.com/executive/NOTceo16Dec2008/

[Fantomas96]

Gerüchte über einen weiteren, größeren Noront-Hit verdichten sich, könnte ein Grund für den Anstieg und das Volumen der letzten Tage sein !

Einige werden "leider" sehr lange auf $0,20 oder gar NULL warten müssen, sorry !

[hbg55]

Antwort auf Beitrag Nr.: 36.219.142 von Fantomas96 am 17.12.08 00:22:25

moin....uuuund thx für die infos


....hätte auch nixxxxx dagegen bei 0,20 nochmal zuzuschnappen,
aber mit den heutigen 0,70 werde ich auch noch zufrieden
sein können

[brocklesnar]

Antwort auf Beitrag Nr.: 36.219.237 von hbg55 am 17.12.08 01:25:57

guten morgen freunde

auf tageshoch geschlossen

käufer kommen auch wieder

das gute ist noch sind wir unentdeckt im Gegensatz zu Novagold. Was passiert erst wenn wir wieder im Auge der Betrachter sind?

vielleicht das gleiche wie im letztem Jahr?

[hbg55]

Antwort auf Beitrag Nr.: 36.219.533 von brocklesnar am 17.12.08 08:23:00

moin BROCK......richtig, nach dem brutalen ausverkauf vieler
rohstoff- werte, setzt nun peu a peu die aufkauf-
welle ein......nach LUN,FCC ist nun NOVAGOLD erneut ein
´heiß´ begehrter titel - da würde es MICH nicht wundern, wenn
sich in diese riege irgendwann auch NOT einreihte.


mit jüngst vollzogener PP haben die akt. nicht nur ein
schööööönes fin.- polster, sondern verfügen über dies
hinaus auch noch über prächtige proj.

dies fängt in der tat erst grad wieder an in den focus der
investoren zu rücken, sollte aber noch für länger anhaltende
FREUDE sorgen können


....also für MICH heißts:...SCHÖÖÖÖN FESTHALTEN DIE STÜCKE bzw.
auf schwache tage hoffen !!!

[hbg55]

Antwort auf Beitrag Nr.: 36.220.450 von hbg55 am 17.12.08 10:22:32

.....ooooooh - vorbörsl. taxen in CAN zeigen
schon die 0,80

[brocklesnar]

Antwort auf Beitrag Nr.: 36.222.111 von hbg55 am 17.12.08 13:36:03

klingt gut, aber darauf würde ich nie was geben. Vorbörslich hat in meinen Augen nie was zu sagen

[brocklesnar]

Antwort auf Beitrag Nr.: 36.222.165 von brocklesnar am 17.12.08 13:43:06

so die 0,47 sind durch

mal sehen was Canada macht?

[fruhrentner75]

Antwort auf Beitrag Nr.: 36.223.176 von brocklesnar am 17.12.08 15:37:42

was ist denn heute los in kanada??
kein handel oder trading-stop???

[masterbacker]

December 17, 2008 (TORONTO) – Toronto Stock Exchange and TSX Venture Exchange are being halted due to technical issues. Updates will be provided.

[hbg55]

....wow, welch int. kurs- entwicklung heute in FFM.....


Times & Sales
Uhrzeit Kurs Volumen
letztes kumuliert


19:55:16 0,518 400 20.980
19:48:56 0,518 1.000 20.580
15:32:29 0,478 1.000 19.580
15:32:02 0,478 1.900 18.580
14:56:00 0,452 5.140 16.680
13:05:12 0,425 5.540 11.540
11:11:14 0,424 4.000 6.000
09:08:54 0,40 1.500 2.000


....trotz mangelnder unterstützung ausm heimatmarkt wegen techn. probl.des handelssystems ( wie ichs verstand !?!? ) sehen wir kurse von umgerechnet cad 0,90 eek:


denke mal, morgen sollte regulärer handelsbetrieb wieder
aufgenommen werden können und bin mächtig gespannt, wo
die reise hingeht

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.227.121 von hbg55 am 18.12.08 00:17:44

December 17, 2008

December 17, 2008 (TORONTO) – Trading on Toronto Stock Exchange and TSX Venture Exchange continues to be halted due to technical issues with data feeds. Because the data feeds provide information to investors to guide their trading decisions, trading was halted to ensure market integrity. There are no technical issues with the TSX Quantum trading engine. Additional information will be provided.

Das handelssystem war komplett in ordnung.
da gab´s wohl eher probleme bei wichtigen handelssystemen der banken
man hätte handeln können. wir haben ja auch keine plattformen wie die banker.
das lag wohl eher an reuters, bloomberg die die marktdaten nicht (realtime-)aktualisieren konnten in kanada. würd ich mal tippen.

[hbg55]

Antwort auf Beitrag Nr.: 36.227.121 von hbg55 am 18.12.08 00:17:44

...und auch HEUTE geht die reise bei schönem vol.
weiter gen norden.....


Time Ex Price Change Volume Buyer Seller Markers


10:38:50 V 0.83 +0.07 500 7 TD Sec 7 TD Sec K
10:34:44 V 0.82 +0.06 2,000 67 Northern 88 E-TRADE K
10:33:56 V 0.84 +0.08 3,000 7 TD Sec 17 Integral K
10:33:43 V 0.84 +0.08 5,000 7 TD Sec 1 Anonymous K
10:33:33 V 0.84 +0.08 2,000 7 TD Sec 88 E-TRADE K
10:28:47 V 0.85 +0.09 8,000 7 TD Sec 80 National Bank K
10:28:38 V 0.85 +0.09 10,000 7 TD Sec 80 National Bank K
10:27:58 V 0.85 +0.09 1,000 1 Anonymous 80 National Bank K
10:27:58 V 0.85 +0.09 4,500 1 Anonymous 79 CIBC K
10:27:58 V 0.85 +0.09 2,500 1 Anonymous 88 E-TRADE K



....testen wir sogar die ONE

[hbg55]

Antwort auf Beitrag Nr.: 36.232.121 von hbg55 am 18.12.08 16:56:57

......hatten schon nen schönen lauf bis cad 0,88 - aber
dann gings gen süden......und investoren an der seitenlinie
bekamen nochmals günstige zustiegskurse von bis zu 0,70

[hbg55]

Antwort auf Beitrag Nr.: 36.233.035 von hbg55 am 18.12.08 18:42:11

inzwischen wieder bei cad 0,72


...wer weiß, was uns an einem solch volatilen handelstag
noch so alles ´beschert´ wird

[brocklesnar]

Antwort auf Beitrag Nr.: 36.233.198 von hbg55 am 18.12.08 19:01:21

wir sollten uns nicht verrückt machen.

ich bin überzeugt wieder in ruhigen Zeiten schöne Kurssprünge zu sehen

[hbg55]

Antwort auf Beitrag Nr.: 36.233.237 von brocklesnar am 18.12.08 19:04:37

....den 1. kurs- sprung sahen wir diese woche und
weitere sind m.e. zu erwarten - aber in der tat
KEIN grund sich verrückt zu machen, jedoch sich SEINE
stücke alsbald ins depot zu holen.........IMO

[hbg55]

Antwort auf Beitrag Nr.: 36.233.420 von hbg55 am 18.12.08 19:26:00

für die mutigen der letzten tage wars bis HEUTE schon mal der
ERSTE verdoppler !!!

[hbg55]

....auch gestern wieder ist NOT die am stärksten
gehandelte aktie an der TSX vent....


http://de.advfn.com/p.php?pid=adntl&m=TX


anleger- int. deff. wieder zurück !!!

[brocklesnar]

keine Käufe heute

[hbg55]

Antwort auf Beitrag Nr.: 36.239.052 von brocklesnar am 19.12.08 14:40:18

...nun ja, war m.e. ein tag der gewinn- mitnahmen, der
schlussendlich mit SK cad 0,62 endete.......


Recent Trades - Last 10

Time Ex Price Change Volume Buyer Seller Markers

15:59:53 V 0.62 -0.07 2,000 1 Anonymous 85 Scotia K
15:59:46 V 0.63 -0.06 5,000 7 TD Sec 85 Scotia K
15:59:46 V 0.64 -0.05 1,000 9 BMO Nesbitt 85 Scotia K
15:58:00 V 0.65 -0.04 3,000 7 TD Sec 7 TD Sec K
15:55:26 V 0.64 -0.05 1,000 9 BMO Nesbitt 2 RBC K
15:52:26 V 0.65 -0.04 1,000 88 E-TRADE 2 RBC K
15:40:30 V 0.65 -0.04 3,500 59 PI 2 RBC K
15:40:30 V 0.65 -0.04 5,000 59 PI 1 Anonymous K
15:40:30 V 0.65 -0.04 500 59 PI 1 Anonymous K
15:39:20 V 0.64 -0.05 1,000 59 PI 19 Desjardins K



.....damit dürfte eine reihe investoren zu ihren stücken
gekommen sein, die den jüngsten ansprung in der 1. phase nur
von der seitenlinie aus verfolgt hatten !!!

[Fantomas96]

Das Schlimmste liegt hinter uns (nach Cannacords Ansicht) :


Canaccord Adams: The worst for junior mining ‘is likely behind us'
Canaccord Adams metals analysts suggest that it may be time to accumulate small cap/mining exploration stocks that offer good value.

Author: Dorothy Kosich
Posted: Tuesday , 23 Dec 2008

RENO, NV -

Although the small-cap mining sector "has just been through its worst, most precipitous decline in modern history," metals analysts at Canaccord Adams say they believe "the worst is likely behind us."

Nevertheless, they noted a sustainable recovery in the junior mining sector will depend "upon the perception that an overall recovery in global demand for metals in imminent."

However, that turnaround will "likely depend on the efficacy of the government stimulus packages being implemented around the globe," they added.

"The year 2008 has shattered investor confidence, and market valuations reflect risk-averse investor sentiment," the analysts advised. "We believe that, to achieve a sustainable rally in the junior mining sector in 2009, investors must regain confidence in broader equity markets. "

"Given the ongoing issues in the global equity and credit markets, we believe that investors are likely to remain somewhat risk adverse. That said, opportunities to exist in the junior sector even under more subdued investor interest."

Canaccord Adams stressed that, in the current environment, investors should focus on companies with "balance sheet strength, above-average project portfolios and strong management sheets."

Junior mining companies with strong balance sheets "are more likely to survive prolonged sector weakness, which gives an investor an opportunity to benefit when the rebound in junior mining equities occurs," the analysts suggested.

In their report, the analysts outlined key mining sector drivers for 2009 including:

• Base metals prices: "The global outlook for metals demand remains grim." But low prices could be close to leveling off.

• Precious metals prices: "Credit concerns, a trend to further Fed easing...political tensions, diversification of central bank reserve holdings and the high US current account deficit all suggest a strain on the US dollar, and therefore strength in US-denominated bullion."

• Uranium: "We expect uranium to fare well through 2009 and beyond as the current global fleet of 439 plants is expanded by 39 plants under construction and as plans and proposal for an additional 379 plants are advanced; the price may be further enhanced as supply concerns arise."

• Diamonds: "This has been the least interesting sector in mining over the past five years in our view. ...With metal prices off, rumours suggest BHP and Rio Tinto are ramping up diamond exploration activities. In addition, advanced plays by Peregrine and Diamonds North could create renewed interest."

• US dollar: "As capital diversifies, will the U.S. dollar decline? If so it could be good for all metals."

• The TSX and Dow Jones: "If the US has been in recession since December 2007, we may have already seen the bottom of the market. If we are halfway through the recession we have good hopes for the markets in H2/09."

• The TSX Venture Index: While Canaccord Adams noted that the TSX-V has been down as much as 80% over the last 18 months, "We think the worst is over, but will the recovery be V-shaped or will prolonged consolidation kick in before a sustainable recovery emerges?"

• Although the availability of capital has been constrained on all levels, the analysts said they have witnessed successful equity underwritings of several small to mid-cap equities. Nevertheless, they advised that, until "a shift in sentiment towards explorecos improves, we expect capital to remain tight among the small caps." Canaccord believes equity raised next year for explorers and developers "will be limited to above-average opportunities."

• M&A Activity: "We believe the circumstances currently prevailing within the small cap mining space could open the potential for a series of mergers and acquisitions. Compounding this is the lack of capital available to juniors, which could be also a motivating factor to build on the M&A environment."

• New Discoveries: ‘With fewer explorecos actually conducting exploration work, the chances of a discovery in 2009 are declining. That said an attention-grabbing discovery could have a greater impact given the small circle of active explorers for investors to concentrate on."

• Industry Challenges: "Access to capital, declining metal prices and an apathetic investment climate are serious concerns in 2009."

Given the unknowns associated with a broad junior mining market turnaround, the analysts suggested that small-cap exposure "be associated with well-managed, cash-rich companies that will maintain active, but modest, exploration/development programs on top quality targets over the next 6-18 months."

Canaccord Adams highlighted 12 small-cap mineral exploration/development companies that have "strong working capital positions, above-average strong portfolios and strong management teams." They include B2Gold, Colossus Minerals, Exeter Resources, Fronteer Development Group, Hathor Exploration, Lake Shore Gold, MAG Silver, Minera Andes, Northern Dynasty Minerals, Rainy River Resources, Silverstone Resources, and Ur-Energy.

The currently prevailing circumstances prevailing within small-cap mining "create the potential for a series of mergers and acquisitions," the analysts suggested.

"Mergers among the small caps could increase as management teams become ‘humbled' by current market conditions and recognize that combined entities could, in the long term, result in improved shareholders value," they noted. "In other cases, the combination of cash-rich companies with property-rich companies could synergistically result in improved shareholder value."

"We expect additional M&A activity to drive some renewed speculative appeal over the next several months," the analysts advised. Canaccord Adams outlined several possible M&A targets including Anatolia Minerals, Andina Minerals, Aquiline Resources, Bear Creek Mining, Candente Resources, Canplats Resources, CGA Mining, Colossus Minerals, Comaplex Minerals, and Corriente Resources.

Other prospective M&A targets include Detour Gold, Donner Metals, GlobeStar Mining, Grayd Resource, Hathor Exploration, International Tower Hill Mine, Minera Andes, Osisko Mining, Rainy River Resources, Rubicon Minerals, Tournigan Energy, Ur-Energy and VMS Ventures.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.267.094 von Fantomas96 am 26.12.08 20:00:36

da lieg ich ja dann nicht so falsch. rainy river und ur energy waren meine letzten investments.
denke dass es bei den guten werten mal einen satten rebound geben muss. so lange das nicht geschieht -> nachkaufen. der nächste move ist ein upmove... sollte auch bei noront gelten wenn die sachen mal klarer sind. Windfall z.b. ist eben mehr ein dorn im auge als ein hoffnungsträger. kapital ist ja wieder etwas vorhanden

[hbg55]

......nach XMAS- pause gings zum wochen-
auftakt bei schönem vol. und nahe TH mit
cad 0,64 ausm handel......


Recent Trades - Last 10

Time Ex Price Change Volume Buyer Seller Markers

15:58:18 V 0.64 +0.07 18,000 80 National Bank 1 Anonymous K
15:57:20 V 0.65 +0.08 4,000 80 National Bank 1 Anonymous K
15:56:34 V 0.66 +0.09 9,500 79 CIBC 1 Anonymous K
15:56:30 V 0.66 +0.09 2,500 79 CIBC 7 TD Sec K
15:56:30 V 0.66 +0.09 5,000 79 CIBC 19 Desjardins K
15:56:30 V 0.66 +0.09 8,000 79 CIBC 33 Canaccord K
15:55:13 V 0.64 +0.07 2,000 80 National Bank 7 TD Sec K
15:54:29 V 0.66 +0.09 2,000 88 E-TRADE 33 Canaccord K
15:54:18 V 0.66 +0.09 5,500 88 E-TRADE 7 TD Sec K
15:53:39 V 0.66 +0.09 4,500 7 TD Sec 7 TD Sec K

[brocklesnar]

vielleicht heute nochmal ein guter Anstieg, das wäre super

[mike32]

Antwort auf Beitrag Nr.: 36.278.522 von hbg55 am 30.12.08 00:51:09

Moin hbg55 ,

willkommen im " Ring of Fire " ,

wer zu diesen Kursen nicht kauft , hat selber Schuld !!!


gruss mike

[hbg55]

Antwort auf Beitrag Nr.: 36.281.427 von mike32 am 30.12.08 13:59:17

moin MIKE........RIGHT !!!

[hbg55]

.....moin NOT-lers


wer nochmal in 2008 aktiv werden möchte, hat gleich
in CAN + USA nochmal gelegenheit ´dabei´ zu sein, denn
aller unkenrufe zum trotz schauts für NOT mit seinem RoF
in 2009 gar nicht übel aus


..........wish you ALLLLLLLLL....HAPPPPY 2009 !!!


euer hbg55

[Fantomas96]

Na, könnte das Richard´s neues "Baby" im RoF werden : McFauld´s Ressources (MFR) ?


http://www.reuters.com/article/pressRelease/idUS163913+25-Ju…


Tribute Minerals and Goldeye Explorations Form McFaulds Resources Inc. for Exploration in the 'Ring and Fire'

Wed Jun 25, 2008 11:36am EDT

TORONTO, ONTARIO, Jun 25 (MARKET WIRE) -- Tribute Minerals Inc. (TSX VENTURE: TBM) and Goldeye Explorations Limited(TSX VENTURE: GGY) are pleased to jointly announce that they have rolledtheir respective interests in their land holdings in the James BayLowlands, McFaulds Lake area 'Ring of Fire' (the "Property") into a new company known as "McFaulds Resources Inc." ("MFR").

Each of Tribute andGoldeye retained a 1% NSR in the Property and each hold 14,000,000 commonshares of MFR. The directors of MFR will be Ian Brodie-Brown, William R.Johnstone, Richard Dean, John Harvey, Richard Nemis and Blaine Webster,who will be Chairman of the board of directors. The officers will be IanBrodie-Brown, President and CEO, Errol Farr, CFO, Trevor Boyd, VPExploration, and William R. Johnstone, Corporate Secretary.

MFR will be seeking financing by way of an equity private placement ofbetween $6,000,000 and $12,000,000 for further exploration of theProperty. It is intended that MFR will file a prospectus to take MFR public as soon as a National Instrument 43-101 technical report iscompleted, to, among other things, qualify the distribution of 8,000,000common shares of MFR to the shareholders of Tribute (from its 14,000,000shares of MFR) and 8,000,000 common shares of MFR to the shareholders ofGoldeye (from its 14,000,000 shares of MFR) by way of a dividend inspecie.

MFR will hold 17,792 hectares in the James Bay Lowlands, McFaulds Lake,'Ring of Fire', with additional staking currently in progress. Helicopterairborne electromagnetic surveys (VTEM), flown on one half of the landpackage have identified numerous Cu/Ni and Cu/Zn targets.

Blaine R. Webster, P. Geo., President and CEO of Goldeye, is the qualified person as defined by National Instrument 43-101 who supervised the preparation of the technical information contained in this release.

Cautionary Note Regarding Forward-Looking Statements: This Press Releasecontains forward-looking statements that involve risks and uncertainties,which may cause actual results to differ materially from the statementsmade. When used in this document, the words "may", "would", "could","will", "intend", "plan", "anticipate", "believe", "estimate", "expect"and similar expressions are intended to identify forward-lookingstatements. Such statements reflect our current views with respect tofuture events and are subject to such risks and uncertainties.
Many factors could cause our actual results to differ materially from thestatements made, including those factors discussed in filings made by uswith the Canadian securities regulatory authorities. Should one or moreof these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest ratefluctuations, increased competition and general economic and marketfactors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We donot intend and do not assume any obligation to update theseforward-looking statements. Shareholders are cautioned not to put unduereliance on such forward-looking statements. The TSX VentureExchange has not reviewed and does not accept responsibility for theadequacy or accuracy of this release.

Contacts:Tribute Minerals Inc.Ian Brodie-BrownPresident and C.E.O.



Auf ein besseres 2009 für Junior-Explorer !

[hbg55]

....welcome in 2009.....NOT-lers !!!


es darf wieder gehandelt werden

[hbg55]

Antwort auf Beitrag Nr.: 36.290.255 von hbg55 am 02.01.09 09:56:05

...und als investor machts man akt. am besten
in CAN - dort arbeiten wir schön die 0,70 ab

[hbg55]

...wow, welch eine AUFERSTEHUNG von NOT

mit histor. vol. von über 4 mio gehandelten shares
sahen wir nen sprung von 73 % PLUS......und schlossen
sogar noch mit TH !!!



denke mal, daß wir alsbald abissl mehr erfahren werden, welch
hintergründe dafür verantwortlich waren





......also ICH halte meine st. - bzw. hoffe bei evtl.
rücksetzern noch paaaaar billiger nachlegen zu können

[brocklesnar]

und welcher Trottel verkauft jetzt schon?

0,77 RT

[brocklesnar]

Antwort auf Beitrag Nr.: 36.321.450 von brocklesnar am 07.01.09 09:36:11

sorry 0,80

[hbg55]

Antwort auf Beitrag Nr.: 36.321.463 von brocklesnar am 07.01.09 09:37:56

moin brocki.......nach sonem sprung ist versuchung
natürlich riesig, gewinne mitzunehmen.


sehe HIER aber eine `sonderbewgung´ ........mit OPEN END !!!!

[hbg55]

Antwort auf Beitrag Nr.: 36.321.524 von hbg55 am 07.01.09 09:45:10

...und beim betrachten der vorbörsl. taxen wird
mein eindruck bestätigt......verspricht zumindest
ein grüner ´auftakt´ zu werden

[hbg55]

...nun ja, da wurden die pos. taxen überlagert
von bad news von ALCOA, INTEL und dem US- arbeitsmarkt -
um nur die wesentlichen zu nennen.


hinzu noch gewinnmitnahmen........und schon gings
zur freude VIELER von der seitenlinie gen süden

[hbg55]

....zwar auch HEUTE wieder mit großem abstand am stärksten gehandelte aktie der TSXV gewesen - doch auf diesen titel
hätte manch ein investor, angesichts der damit verbundenen
MINUS 20 %, auch gerne verzichtet


.....goooooood night......und auf einen hofftl. frdl.
wochen- ausklang


hbg55

[brocklesnar]

Antwort auf Beitrag Nr.: 36.328.829 von hbg55 am 08.01.09 00:14:23

starten heute so bei 0,70 und wenn wir uns diese Woche so halten bin ich auch zufrieden.

denke sowieso langfristig.

bin aber noch im Plus

[hbg55]

moin brocki,

für LONGIS sind akt. turbolenzen in der tat weniger
dramatisch, wenngleich auch abissl ärgerlich - es sei
denn man schnappt sich nochmal paar billige stück ins depot


.......oooooder wirds noch billiger - wird spannend, wie
und ob cad ONE hält !!!!


hbg55

[brocklesnar]

Antwort auf Beitrag Nr.: 36.329.705 von hbg55 am 08.01.09 09:39:42

morgen kumpel

ne bitte nicht noch weiter runter

also 2 Millionen käufe drüben müssen doch was zu bedeuten haben. In 2 Tagen 6 Millionen

die Stimmung ist mal wieder in D im Keller mal abwarten

gruß brocki

[hbg55]

Antwort auf Beitrag Nr.: 36.330.123 von brocklesnar am 08.01.09 10:22:21

....ja, der rasche stimmungswandel hat uns wieder die
realität in erinnerung gebracht......GUUUUT so, wo schon
manche damit begannen die augen davor zu verschließen


unabhängig davon bleibt NOT eine hochspannende story, ohne
sich jedoch stets gegen übergeordnete strömungen behaupten
zu können.......wie wir gestern bestens sehen konnten.


für MICH wichtig, daß NOT wieder starkes int. bei den
investoren gefunden hat.........weshalb auch immer

[hbg55]

Antwort auf Beitrag Nr.: 36.329.705 von hbg55 am 08.01.09 09:39:42

....zum mitverfolgen, wies beim kampf um die psycho- ONE
grad ausschaut.

[riewer]

Antwort auf Beitrag Nr.: 36.335.044 von hbg55 am 08.01.09 18:49:58

Da ist doch was im Busch!

[hbg55]

Antwort auf Beitrag Nr.: 36.336.658 von riewer am 08.01.09 21:45:38

....ohjaaaaa.......nicht von ungefähr wird NOT zum
wiederholten auch HEUTE wieder die am stärksten getradete
aktie der TSXV werden !!!!

[brocklesnar]

Antwort auf Beitrag Nr.: 36.336.730 von hbg55 am 08.01.09 21:52:33

boah noch im plus geschlossen

hätte das nicht gedacht

spricht nur für die stärke von NOT

[hbg55]

Antwort auf Beitrag Nr.: 36.337.826 von brocklesnar am 09.01.09 07:36:52

...moin brocki, hat mich in DER form dann schlussendlich
auch überrascht - hätte eher auf seitwärts getippt


aber lass DAS gerne über mich ergehen


mir scheint NOT baut seine fan- gemeinde grad wieder kräftig
auf/ aus.........für LONGIS + SHORTIES

[hbg55]

Antwort auf Beitrag Nr.: 36.337.910 von hbg55 am 09.01.09 08:14:45

...liegt evtl. auch daran, daß die experten von STOXLINE
in ihrer techn. analyse von gestern folgende kursziele ermittelten.....


Targets:

Six months: 1.58

One year: 1.84


weitere details unter nachfolg. link.....

http://canada.stoxline.com/q_ca.php?s=not.v

[HeinzBork]

Antwort auf Beitrag Nr.: 36.337.996 von hbg55 am 09.01.09 08:38:24

Ach ja, die Experten

[hbg55]

Antwort auf Beitrag Nr.: 36.338.178 von HeinzBork am 09.01.09 09:05:38

......hmmmm.....hast DU zweifel an deren kenntnissen ???


zu welchen ergebnissen gelangst du denn

[HeinzBork]

Antwort auf Beitrag Nr.: 36.338.413 von hbg55 am 09.01.09 09:31:57

Leider habe ich auch keine Glaskugel, um vorauszusehen, welchen Kurs eine Aktie in x Monaten haben wird.
Aber wenn die Welt nicht untergeht, dann sind Rohstoffe, die in der Erde liegen auch in 6 oder 12 Monaten nicht wertlos und NOT hat ganz viel davon und findet sicherlich noch ein wenig mehr.

Wir reden hier bei NOT über einen der grössten Chromfunde auf dem Nordamerikanischen Kontinent und die Grösse des Lagers ist noch nicht mal annähernd erfasst. Wir sind bei 3,50 immer noch unterbewertet, selbst bei niedrigen Rohstoffpreisen.
Lass die mal wieder hochgehen....

Es ist total kiki, ob ein sogenannter Chartexperte 1,58 oder 1,84 zum besten gibt. Ich könnte auch von 3-5-7-9- etc schwafeln, wann ist der Kurs einer Aktie nahe am Wert? Eher selten.

Es sollen alle die sich freuen, die bei 0,50 gekauft und bei 1,50 verkaufen wollen, ist doch en gutes Geschäft. (Haben die bei Solarworld auch gedacht, und beissen sich heute noch in den Arsch:cool

Ich habe Zeit und kaufe immer mal nach.

Kuck dir mal hier http://agoracom.com/ir/Noront/forums/discussion/topics/20803…
den Verlauf von Voisey Bay an, die fingen ähnlich wie Noront an, und haben den Superfund gemacht, hat ein wenig gedauert, aber dann......

[hbg55]

Antwort auf Beitrag Nr.: 36.338.546 von HeinzBork am 09.01.09 09:45:23

...thx, HB


mit andren worten....das chance- risiko- verhältnis erachtes
auch DU akt. als ´vielversprechend´

[HeinzBork]

Antwort auf Beitrag Nr.: 36.339.023 von hbg55 am 09.01.09 10:29:54

so to say

[hbg55]

Antwort auf Beitrag Nr.: 36.335.044 von hbg55 am 08.01.09 18:49:58

Time Ex Price Change Volume Buyer Seller Markers


11:43:27 V 1.17 +0.04 800 85 Scotia 80 National Bank K
11:42:33 V 1.17 +0.04 2,000 1 Anonymous 80 National Bank K
11:42:33 V 1.17 +0.04 1,600 1 Anonymous 80 National Bank K
11:41:02 V 1.17 +0.04 1,400 1 Anonymous 17 Integral K
11:39:49 V 1.18 +0.05 3,000 1 Anonymous 7 TD Sec K
11:36:06 V 1.19 +0.06 3,800 80 National Bank 7 TD Sec K
11:36:06 V 1.19 +0.06 2,200 80 National Bank 2 RBC K
11:36:05 V 1.19 +0.06 5,000 7 TD Sec 7 TD Sec K
11:35:39 V 1.19 +0.06 14,600 7 TD Sec 2 RBC K
11:35:39 V 1.19 +0.06 3,800 7 TD Sec 7 TD Sec K

[Daytrader12]

Antwort auf Beitrag Nr.: 36.344.013 von hbg55 am 09.01.09 18:03:17

Ja und?

Was soll das fett gedruckte?

Dt12

[riewer]

Ich denke beim heutigen Marktumfeld kann man mit dem SK mehr als zufrieden sein.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.346.281 von riewer am 09.01.09 22:41:29

der TSX-V war ein prozent im plus.
die rohstoffwerte haben auskonsolidiert. der rest noch nicht.

[riewer]

Antwort auf Beitrag Nr.: 36.346.362 von Boersenkrieger am 09.01.09 22:57:19

Stimmt, die Gold- u. Silberwerte haben schon einen Vorlauf, jetzt folgen langsam die Industriemetalle. Im Rohstoffsektor ist man also für eine "ganze Weile" gut aufgehoben.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.346.666 von riewer am 10.01.09 00:49:16

sehe ich auch so. kann sein dass gold- und silberaktien noch ne weile besser laufen. aber die basemetaller sind so dermassen tief gefallen dass die kurse nicht mehr tiefer gehen können (der ein oder andere wäre bei insolvenz noch wesentlich mehr wert gewesen). da reicht eine trendwende wie diese um von einem echten upmove über kurz oder lang ausgehen zu können.

[hbg55]

Antwort auf Beitrag Nr.: 36.335.044 von hbg55 am 08.01.09 18:49:58

....sah lange nicht danach aus......und dann kam sie doch
noch - die tages- END- rally


ging hoch bis auf cad 1,17.....


Time Ex Price Change Volume Buyer Seller Markers


15:38:30 V 1.17 +0.19 1,000 80 National Bank 9 BMO Nesbitt K
15:38:30 V 1.17 +0.19 1,000 80 National Bank 79 CIBC K
15:38:30 V 1.17 +0.19 1,500 80 National Bank 2 RBC K
15:38:30 V 1.17 +0.19 1,500 80 National Bank 2 RBC K
15:38:26 V 1.15 +0.17 1,500 54 Global 7 TD Sec K
15:38:16 V 1.17 +0.19 3,500 88 E-TRADE 2 RBC K
15:38:12 V 1.16 +0.18 4,000 80 National Bank 79 CIBC K
15:38:09 V 1.16 +0.18 4,000 7 TD Sec 79 CIBC K
15:38:06 V 1.16 +0.18 15,000 1 Anonymous 79 CIBC K
15:37:44 V 1.15 +0.17 7,500 80 National Bank 141 Bolder K

[Ikar]

Antwort auf Beitrag Nr.: 36.367.500 von hbg55 am 13.01.09 21:55:12

[scheffrocker23]

Antwort auf Beitrag Nr.: 36.367.500 von hbg55 am 13.01.09 21:55:12

so ist recht
wichtig wäre das überschreiten des hochs von letzter woche

[hbg55]

Antwort auf Beitrag Nr.: 36.367.521 von scheffrocker23 am 13.01.09 21:58:56

...völlig richtig, aber in diesen tagen freu ICH
mich zunächst mal drüber, daß wir uns oberhalb der
ONNNNNNNNNNE halten !!!!

[franz991]

News von gestern Abend:

Noront continues to outline extensive chromite mineralization at BlackbirdNORONT RESOURCES LTD NOT 1/14/2009 6:06:00 PMTORONTO, Jan. 14, 2009 (Canada NewsWire via COMTEX News Network) --
Noront Resources Ltd. ("Noront or the Company") (TSX Venture: NOT) is pleased to present additional chromium assay results from its chromite exploration activities in the McFaulds Lake area of northern Ontario in the James Bay Lowlands.

EXPLORATION HIGHLIGHTS

<< - Additional assay results from holes on the Blackbird Chromite Deposits include widespread chromite mineralization in several holes including Hole NOT-08-1G74 that encountered 36.2 metres averaging 39.33% Cr2O3, 26.9% Cr and 12.22% Fe (Cr:Fe ratio of 2.2) - Hole NOT-08-1G64 that encountered 17 metres averaging 43.84% Cr2O3, 29.98% Cr and 15.02% Fe included within a much larger (40 metre) mineralized interval that averaged 31.42% Cr2O3 - Hole NOT-08-1G61 that encountered 24 meters that averaged 35.56% Cr2O3, 24.33% Cr and 12% Fe (Cr:Fe ratio of 2.0) - Hole NOT-08-1G69 encountered 65.5 metres that averages 11.81% Cr2O3 including 16.5 metres that averages 25.0 % Cr2O3, 17.09% Cr and 10.98% Fe (Cr:Fe ratio of 1.57) - Discovery hole at Blackbird Two (hole NOT-08-1G57) returned numerous chromite bearing layers, including a 16.5 metre section that averaged 26.29% Cr2O3, 17.99% Cr, and 14.28% Fe (Cr:Fe ratio of 1.26) >>BLACKBIRD CHROMITE OCCURRENCES

The layered chromite ("LC") zones at Blackbird are described as a complex of several layers of massive chromite of varying thicknesses within the peridotite sill. These chromitite layers dip steeply at approximately 60 degrees to the west paralleling the contact between the peridotite sill and the adjacent granodiorite. The holes containing significant chromite mineralization reported to date have delineated a layered chromitite body along a strike length of approximately 1000 metres, down to a vertical depth of approximately 500 metres over wide (yet variable) core widths. The Blackbird chromite occurrences are open to depth and along strike in both directions. During the reporting period since the last press release (October 16, 2008) an additional 20 holes received final assays as presented on Noront's website, the following table provides selected assays, extracted from the full table of results available at http://www.norontresources.com/projects/ring-of-fire/highlightholes.pdf." target="_blank" rel="nofollow ugc noopener">http://www.norontresources.com/projects/ring-of-fire/highlightholes.pdf.

TABLE 1: Selected Assay intervals from recent drill results

<< ------------------------------------------------------------------------- Hole ID from (m) to (m) int (m) Cr2O3% Cr% Fe% Cr:Fe ------------------------------------------------------------------------- NOT-08-1G57 392.0 392.4 0.4 31.07 21.30 16.90 1.26 ------------------------------------------------------------------------- NOT-08-1G59 273.0 283.2 10.2 36.60 25.00 17.30 1.45 ------------------------------------------------------------------------- NOT-08-1G61 502.0 526.0 24.0 35.56 24.33 12.00 2.03 ------------------------------------------------------------------------- NOT-08-1G64 510.0 527.0 17.0 43.84 29.98 15.02 2.00 ------------------------------------------------------------------------- NOT-08-1G70 140.7 145.5 4.8 34.28 23.44 20.26 1.16 ------------------------------------------------------------------------- NOT-08-1G72 433.0 441.5 8.5 25.47 17.43 9.14 1.91 ------------------------------------------------------------------------- NOT-08-1G74 640.2 676.4 36.2 39.33 26.90 12.22 2.20 ------------------------------------------------------------------------- NOT-08-1G76 260.7 266.6 5.9 33.68 23.02 14.64 1.57 ------------------------------------------------------------------------- >>True widths are not yet determined for the chromite (LC) zones at the Blackbird Chromite Deposits. Additional drill hole results will be reported upon as they are received.

Many of the gravity anomalies tested by diamond drilling during 2008 in this area have intersected chromite mineralization. Visual observations of the chromite in core from holes in this area are quite encouraging, as these observations are starting to imply large tonnage potential for the intervening area between BB1 and BB2 suggesting that these occurrences may be connected, although much more drilling is required. Drilling on this project has involved the testing of several anomalies, the location of the drill sites have been plotted on a drill plan map, superimposed on a ground gravity survey map, available on Noront's website. For drill hole location information as well as the aforementioned drill plans regarding Noront's chrome project please visit Noront's website. The following link provides access to this map and drill hole location data: http://www.norontresources.com/projects/ring-of-fire/BlackbirdPlanMap.pdf" target="_blank" rel="nofollow ugc noopener">http://www.norontresources.com/projects/ring-of-fire/BlackbirdPlanMap.pdf and http://www.norontresources.com/projects/ring-of-fire/collars.pdf." target="_blank" rel="nofollow ugc noopener">http://www.norontresources.com/projects/ring-of-fire/collars.pdf.

2009 EXPLORATION PROGRAM

Noront's exploration team took a short break over the holiday season, wrapping up 2008's exploration program on the 15th of December. Advance exploration crews have now arrived at the main base camp near the Eagle One deposit to commence preparation for drilling. The initial focus of the 2009 exploration program will be to continue to define the potential of the chrome mineralization encountered in the vicinity of the Blackbird chromite occurrences.

Two drills owned and operated by Les Forage Drilling Orbit of Val D'Or Quebec, have been contracted to drill in the vicinity of the Blackbird occurrences, both rigs will be drilling in systematic step outs exploring the area to determine continuity of the chromium-enriched zones, while in some instances testing other nearby gravimetric anomalies. As previously announced (refer to press release dated July 29, 2008) Blackbird Two ("BB2") was discovered while testing a large gravity anomaly extending approximately 1000 metres to the east of Blackbird One ("BB2") and one kilometre south of the Eagle One ("E1") magmatic massive sulphide (MMS) deposit.

In order to continue the assessment of the local and regional potential of the chrome deposits, Noront is currently planning an airborne gravity survey to be completed early in the current program.

The massive chromite intervals reported in this and previous press releases are flanked by thick rock sequences of intermittent chromite layers as well as, heavily disseminated chromite layers, hosted by the peridotite sill. In light of a review of the mining and beneficiation practises of major chromite producers elsewhere in the world, Noront has initiated a major re-sampling program on existing core aimed at the delineation of a large deposit amenable to open pit methods of exploitation. In addition, representative samples have been selected from various drill intersections and have been submitted to SGS Lakefield for initial metallurgical studies.

This zone along the Ring of Fire ("ROF") continues to the northeast onto ground wholly owned by Noront. The Company is committed to further identifying the chromite footprint of the Blackbird deposits and testing its other holdings along the ROF for chromite and related copper-nickel massive sulphide mineralization. Noront raised $18.9 million in a flow through financing during November and December, a portion of which has been assigned to Noront's activities in the Ring of Fire related to chrome exploration. (see press release dated December 4, 2008).

"We are extremely excited about the thickness and world-class grades that we are encountering in our Blackbird drilling," said Paul Parisotto, Interim Co-CEO of Noront. "The Blackbird discoveries are starting to show continuity as we move towards defining a resource base for these unique deposits. Further drilling, in conjunction with metallurgical studies that should be completed in the first quarter, may allow Noront to be in a position to communicate the significance of these deposits to the markets before the middle of the year."

INDEPENDENT QUALITY CONTROL AND ANALYTICAL PROTOCOL

A thorough quality control program has been in effect for the Double Eagle project which includes grouping samples into batches of 35 into which are added 2 certified reference material standards, 2 field blanks comprised of sterile drill core, and a field duplicate. Coarse reject and pulp duplicates also form part of the QC program. Approximately 10% of the samples are sent to a secondary lab as a monitor on the principal lab. It can be said with confidence that all assays as reported in this Press Release have passed the strict quality control guidelines as set out by Noront's independent Qualified Person ("IQP").

All samples reported upon herein were completed by Activation Labs (Actlabs) of Ancaster, Ontario. The samples submitted to Actlabs were analyzed for multi-elements, including Ni and Cu using a four acid digestion followed by ICP analysis. The samples that received base metal values greater than the upper limit for the method underwent further analysis using ICP-OES. For the Au, Pd and Pt, the assay methodology was Fire Assay on a 30 gram aliquot with an ICP finish. Silver was analyzed using a 3-acid digest with an ICP analysis. For final chromium analysis, on the samples where elemental chromium using the ICPOES multi-element analysis methodology provides greater than 10,000 ppm (1% Cr), the samples are then submitted for additional analysis using INAA that involves irradiating the samples prior to final analysis. This methodology provides analysis in percent for elemental Cr as well as Cr(2)O(3) and elemental Fe. For more information on assay methodology please visit the Activation Laboratories Ltd. Website at http://www.actlabsint.com.

Drilling results in this press release have been approved for dissemination by Noront's senior management including John Harvey, P.Eng. Chief Operating Officer of Noront, Dr. Jim Mungall P.Geo., Noront's Chief Geologist, and Jim Atkinson, P.Geo. all being Qualified Persons under Canadian Securities guidelines.

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 153,722,283 shares issued to date.

<< ON BEHALF OF THE BOARD OF DIRECTORS: "Paul A. Parisotto and Joe Hamilton" Co-Chief Executive Officers >>

FORWARD LOOKING STATEMENTS

This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion, growth of the Company's businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies.

Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements are based on a number of material factors and assumptions, including, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of gold; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company's publicly filed documents. Although Noront has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

<< The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. >>

%SEDAR: 00003339E

SOURCE: Noront Resources Ltd.

please contact the Investor Relations Department at [phone], or visit Noront's website at: http://www.norontresources.com; Investors can also utilize Noront's IR Hub at http://www.agoracom.com/IR/Noront

[brocklesnar]

morgen
sind das gute Ergebnisse für uns? schade das wir uns gestern nicht oben halten konnten, aber plus ist plus

[franz991]

Antwort auf Beitrag Nr.: 36.377.667 von brocklesnar am 15.01.09 07:37:20

Es gab gestern eine weitere News.
Mit dieser Veröffentlichung zum PP (siehe unten) darf Noront den Newsflow zu den Projekten (insbesondere ROF) wieder aufnehmen.
Ich rechne damit, dass jetzt ein ganzes Feuerwerk von NR abgebrandt werden.
Alles andere als bald 2 CAD (bis Ende Januar 09) würde mich enttäuschen.

Noront Resources 13.58-million-share private placement

Noront Resources Ltd (C:NOT)
Shares Issued 153,722,283
Last Close 1/13/2009 $1.15
Wednesday January 14 2009 - Private Placement

Further to the TSX Venture Exchange bulletin dated Dec. 4, 2008, the exchange has accepted for filing documentation with respect to the final tranche of a non-brokered private placement announced Nov. 11, 2008.




Number of shares: 13,587,500

Purchase price: 80 cents per share

Hidden placees: 16

Insider participation: Lorie Waisberg, 50,000; Neil Novak, 18,750; Paul A. Parisotto, 100,000; Carmen Diges, 43,750; Joe Hamilton, 62,500

Finders' fees: A total of $366,000 payable to IBK Capital Corp., Wellington West Capital Inc., Dundee Securities Corp. and Genuity Capital Markets

[powertecc]

Große Umsätze. Fast 200 000 in den ersten 25 Minuten. Man positioniert sich.

[powertecc]

Sorry. 260 000 in den ersten 10 Minuten.

[powertecc]

Abartig. 36 Min. rum und über 1,3 Mio shares übern Tresen.

[HeinzBork]

Antwort auf Beitrag Nr.: 36.382.041 von powertecc am 15.01.09 16:24:46

Wann soll man denn sonst rein, doch nur wenn die Aktie unterbewertet ist. Was die meisten nicht sehen (wollen) hier entsteht die weltgrösste Mine für Chrom und wer weiss, etwas Nickel ist auch dabei
FWR FNC und NOT schau dir mal die Lage an und nimm die Meldungen, dann weisst Du warum man jetzt noch massiv kauft.
Ich verstehe nur die Verkäufer nicht

[powertecc]

Antwort auf Beitrag Nr.: 36.382.087 von HeinzBork am 15.01.09 16:28:41

Hast wohl Recht. Ich habe vor einer halben Stunde nachgelegt.

[brocklesnar]

Antwort auf Beitrag Nr.: 36.382.147 von powertecc am 15.01.09 16:34:07

kein Handel mehr in Canada?

[Fantomas96]

Antwort auf Beitrag Nr.: 36.382.087 von HeinzBork am 15.01.09 16:28:41

HeinzBork:
"Was die meisten nicht sehen (wollen) hier entsteht die weltgrösste Mine für Chrom und wer weiss, etwas Nickel ist auch dabei."


Heinz,

absolut richtig, was die Chrom-Situation angeht, vielleicht hat da am Ende sogar FWR-SPQ-KWG die Nase vorn.

Bei Nickel und PGM halte ich allerdings immer noch "die Luft an", denn ich denke, die Eagle 1-Story mit 136,4 Millionen lbs Nickel (inferred & indicated) , 78,1 Millionen lbs Kupfer, immerhin 114.100 Unzen Platin und 387.800 Unzen Palladium (und noch ein bißchen Gold und Silber) ist noch lange nicht "am Ende" !

Prof. Mungall hält Eagle 1 nur für einen Teil eines "feeder systems", dass in der "Ring of fire"- Intrusion mündet.
Auch vermutet er UNTER Eagle 1 weitere verbundene Deposits und möglicherweise eine "Quelle" für Nickel und PGM´s.

Noronts Press Release vom 10.11.2008 ( http://www.norontresources.com/investor/ring-of-fire/2008-No… ) deutet dieses ebenfalls an und ich bin sehr gespannt auf die Nickel-Gehalte vor allem der 14,1 Meter Sektion von NOT-08-44.

Die Ergebnisse des "deep drillings" UNTER Eagle 1 könnten sehr interessant für den Kurs werden, wenn hier das höchstgradige Deposit noch Tonnagen-mäßig erweitert werden könnte.

Abwarten !

[Fantomas96]

RoF-Karten-Update (PDF-Format) vom 13.01.2009 zum download:


http://www.freedrive.com/file/643515,maps-01-13-2009.pdf

[Fantomas96]

RoF-Map-Update (Excel-Format) vom 13.01.09 zum download :


http://www.freedrive.com/file/643513,maps-01-13-2009.xls

[Fantomas96]

RoF-Claimlist-Update (Excel-Format) vom 13.01.2009 zum download :


http://www.freedrive.com/file/643514,claimlist-1-13-2009.xls

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.396.846 von Fantomas96 am 17.01.09 23:04:31

Was die meisten nicht sehen (wollen) hier entsteht die weltgrösste Mine für Chrom

na warten wir es mal ab.... aber Chrom ist allein schon vom bedarf und den kaum vorhandenen vorkommen eine ganz besonders interessante sache. wesentlich interessanter als nickel und eisenerz derzeit.

pp ist durch und die rohstoffaktien haben wohl ihre tiefs 2008 wohl als historische tiefs hinter sich gelassen.

[Fantomas96]

Antwort auf Beitrag Nr.: 36.396.928 von Boersenkrieger am 17.01.09 23:41:14

Boersenkrieger,

Du bist noch da ???

Ich dachte, Du bist mit NOT durch, da hier nichts mehr zu erwarten ist !

Und zu Deiner Aussage: "aber Chrom ist allein schon vom bedarf und den kaum vorhandenen vorkommen eine ganz besonders interessante sache." muß ich Dir auch entgegnen :

Chrom-Vorkommen gibt es genug, Chrom ist KEIN knappes Gut (siehe Südafrika, Norwegen, Russland), nur die Größe und Lage in Nordamerika könnte interessant werden.

Ich setze weiterhin auf Nickel und PGM und sehe Chrom als immer größer werdenden "Nebeneffekt" !

FANTOMAS

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.396.954 von Fantomas96 am 17.01.09 23:55:41

naja... es gibt schlechtere werte. man muss ja nicht am tief verkaufen.
hatte nur erhebliche zweifel am pp. jedenfalls haben sie es durchgekriegt.
wirklich knapp ist sowieso kaum ein rohstoff. entscheidend ist eher wo es das zeug gibt und chrom ist da schon etwas weniger breit zu finden wie eisenerz.
nickel... naja in china stapelt sich das zeug an den häfen. ich denke die basismetalle insgesamt werden eine weile brauchen um wieder in fahrt zu kommen, nur die minen haben das in den kursen sowieso längst eingepreist.

kobalt (hat natürlich nichts mit NOT zu tun) und chrom sind derzeit eigentlich meine "lieblinge" mehr als nickel und kupfer.

platin und palladium sind wohl wegen der automobilkrise auch etwas zu sehr runtergekommen.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.396.954 von Fantomas96 am 17.01.09 23:55:41

die große enttäuschung bei NOT war halt Windfall. denke da sollte man nicht mehr mit viel rechnen. aber gut das anfangs einzuschätzen ist auch nicht einfach.
die besten minen haben halt niedrige grades. die kontinuität über viele vile meter ist entscheidend und nicht ein paar big nuggets zwischendrin.
die marktkap war vergleichsweise auch zu hoch, wegen der (zurecht) hohen fantasie. aber fantasie ist in krisenzeiten halt das unwort.
aber was war, das war und was kommt das kommt... also erstmal hoch die strecke und dann weitersehen. bei 3 CAD denk ich mal wieder drüber nach ob halten oder verkaufen. zu sonderpreisen verkauf ich sicher nicht

[Fantomas96]

Startschuß für Major im RoF:

Cliffs Natural Resources erwirbt Anteile an RoF-Chrom durch Anteilserwerb an KWG und damit dem KWG/SPQ/FWR- JV:


http://www.kwgresources.com/news/index.php?&content_id=174


Hierbei wird eindeutig die konkrete Investment-Absicht aufgrund des Chromes erwähnt:

"KWG indicated that Cliffs has expressed interest in KWG’s potential claims to ferro chrome deposits and that the Option Agreement provides that Cliffs will not participate in any distribution by KWG of the equity of Debuts Diamonds Inc."

==================================================================

Das US-Bergbauunternehmen Cleveland-Cliffs hat im Juli 2008 den Konkurrenten Alpha Natural Resources für etwa zehn Mrd. Dollar in bar und Aktien übernommen und firmiert seitdem unter dem Namen Cliffs Natural Resources. Mit der Übernahme hat der Konzern sein Kohlegeschäft deutlich ausgebaut und ist der größte Produzent von Eisenerz-Pellets in Nordamerika.

http://www.b2i.us/profiles/investor/fullpage.asp?f=1&BzID=10…


Damit ist es nun offiziell: die Chrom-Funde im RoF werden nun strategisch durch Majors besetzt !

Und das ist m.E. der Startschuss für weitere Aktivitäten, die die Preise der entsprechenden Player wieder voranbringen sollten !

Mein Favorit ist allerdings weiterhin Nickel im RoF, doch Chrom scheint nun tatsächlich auch in den Vordergrund zu rücken !

[Mirex]

NEhttp://agoracom.com/ir/Noront/forums/discussion/topics/30559…WS !!!!

[brocklesnar]

Antwort auf Beitrag Nr.: 36.435.203 von Mirex am 23.01.09 13:16:39

das klingt doch gut

mal sehen wie die Canis heute reagieren?

[HeinzBork]

Antwort auf Beitrag Nr.: 36.435.225 von brocklesnar am 23.01.09 13:18:50

Also ich denke mal: euphorisch
Ich bin jedenfalls ausserordentlich positiv gestimmt.

[Mirex]

Details with respect to locations for these holes are available on Noront's website at: http://www.norontresources.com/projects/ring-of-fire/EagleOn…

[Mirex]

sorry
Hier der gesamte Beitrag
http://finance.yahoo.com/news/C-O-R-R-E-C-T-I-cnw-14139270.h…

[Fantomas96]

Also nicht nur haben die neuen Direktoren gleich den ersten Ergebnis News Release mit falschen Links versehen, sondern es auch gleich noch geschafft, die Highlights so gut zu verstecken, dass sie keiner mehr findet.

Oder findet Ihr nicht, dass die Überschrift des NR hätte heissen müssen:

NORONT SIGNIFICANTLY EXTENDS EAGLE 1 NICKEL DEPOSIT AT DEPTH AND INTERSECTS 14.1 METERS WITH EXCEPTIONAL 7.41% NICKEL AND 3.65% COPPER AS WELL AS CONFIRMING ANOTHER NICKEL DEPOSIT AT ANOMALY AT 12

Aber na ja, da wollen viele noch günstig rein und das Preisdrücken hat ja heute noch hervorragend funktioniert, die Frage ist nur, wie lange noch.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.440.584 von Fantomas96 am 23.01.09 23:03:55

och ich lege durchaus wert auf die länge und finde die 28m auch nicht schlechter als überschrift.
egal.... gute news

[Fantomas96]

In meinem Posting vom 17.01.09 schrieb ich:

Bei Nickel und PGM halte ich allerdings immer noch "die Luft an", denn ich denke, die Eagle 1-Story mit 136,4 Millionen lbs Nickel (inferred & indicated) , 78,1 Millionen lbs Kupfer, immerhin 114.100 Unzen Platin und 387.800 Unzen Palladium (und noch ein bißchen Gold und Silber) ist noch lange nicht "am Ende" !

Prof. Mungall hält Eagle 1 nur für einen Teil eines "feeder systems", dass in der "Ring of fire"- Intrusion mündet.
Auch vermutet er UNTER Eagle 1 weitere verbundene Deposits und möglicherweise eine "Quelle" für Nickel und PGM´s.

Noronts Press Release vom 10.11.2008 ( http://www.norontresources.com/investor/ring-of-fire/2008-No… ) deutet dieses ebenfalls an und ich bin sehr gespannt auf die Nickel-Gehalte vor allem der 14,1 Meter Sektion von NOT-08-44.

Die Ergebnisse des "deep drillings" UNTER Eagle 1 könnten sehr interessant für den Kurs werden, wenn hier das höchstgradige Deposit noch Tonnagen-mäßig erweitert werden könnte.

Abwarten !



Und das war heute die Antwort:

die erwähnte 14,1 Meter Sektion von 08-44 brachte unglaubliche 7,46% Nickel und 3,65% Kupfer, was will man mehr !

Noch wichtiger finde ich, dass Prof. Mungalls Theorie mit einem "Feeder-System" UNTER Eagle 1 mit diesen Ergebnissen immer mehr Bestätigung findet, die "motherlode" könnte tatsächlich UNTER Eagle 1 gefunden werden. Auf jeden Fall wird dieser Fund die Eagle 1 Tonnage deutlich erweitern.

Und die Bestätigung für AT 12 als Nickel Deposit sollte ein weiterer Meilenstein in der RoF-Mineralisierungs-Suche sein, von der auch FWR profitieren könnte.

[Fantomas96]

Antwort auf Beitrag Nr.: 36.440.613 von Boersenkrieger am 23.01.09 23:11:19

Ach Boersi,

zwei Dinge:

1. "Gute News" ???

Du machst wohl Witze !


2. "... finde die 28m auch nicht schlecht..." .

Das war doch gerade mein Punkt (also erstmal lesen), denn die Headline enthält ja überhaupt keine Grades und Längen sondern heißt ja so "aufsehenserregend" :

Noront encounters more nickel at Eagle One, as well as intriguing results AT12 anomaly

Das ist doch wohl bei diesen Ergebnissen eine absolute "ANTI-Headline" , völlig unverständlich !

[defiantcookie]

Antwort auf Beitrag Nr.: 36.440.644 von Fantomas96 am 23.01.09 23:20:29

Die brauchen wohl dringendst einen besseren PR-Menschen...

Oder jemanden, der dem Bestehenden einen kräftigen Tritt in den Allerwertesten gibt...

Nun ja, andere Companys "glänzen" mit waghalsigen Übertreibungen in diversen Aussagen,
da ist das hier immer noch das kleinere Übel...

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.440.644 von Fantomas96 am 23.01.09 23:20:29

ich finde du legst immer zu viel wert auf die grades. größe und kontinuität ist entscheidend. tolle grades sind zwar gut für PR aber die werthaltigsten minen haben meistens low grades über große strecken.
windfall ist ja das perfekte gegenbeispiel.

[supernova1712]

Antwort auf Beitrag Nr.: 36.445.776 von Boersenkrieger am 25.01.09 19:43:36

Hallo, Börsenkrieger,

The Drillers Dozen:

http://www.fjordlandex.com/Research/RC09-12.pdf

Hier steht nicht nur was über Noront (Seite 16) und 11 andere Aktien, sondern auch was zu "Grades vs. Größe" (Seite 6).

Narrow high-value deposits: Normally gold, silver, nickel or uranium projects that would likely be high-grade
underground operations.
Wider, lower grade intersections: Normally copper, molybdenum or gold that would more likely be mined as an open pit or large-scale block caving operation.
Intermediate in both grade and length: Often massive sulphide deposits that, depending on depth, may be potentially open
pit or underground.


Freundliche Grüße
supernova

[Fantomas96]

Antwort auf Beitrag Nr.: 36.445.776 von Boersenkrieger am 25.01.09 19:43:36

Boersi,

Du schriebst:
ich finde du legst immer zu viel wert auf die grades. größe und kontinuität ist entscheidend.

Dazu nur zwei Zitate von mir:

1. Die Ergebnisse des "deep drillings" UNTER Eagle 1 könnten sehr interessant für den Kurs werden, wenn hier das höchstgradige Deposit noch Tonnagen-mäßig erweitert werden könnte.



2. Auf jeden Fall wird dieser Fund die Eagle 1 Tonnage deutlich erweitern.


Ich gebe Dir allerdings insofern Recht, das ich an Grades sehr interessiert bin, da ich glaube, dass ein hochgradiges (und idealerweise oberflächennahes) Deposit wie Eagle 1 in Zeiten niedriger Rohstoffpreise auf jeden Fall "wertvoller" und abbauwürdiger ist, als ein niedriggradiges. Natürlich nur, wenn eine Mindesttonnage vorliegt, die den Abbau generell wirtschaftlich erscheinen läßt, und hierzu brauche ich halt bei einem hochgradigen Deposit im Vergleich weniger Tonnage.

Daher schaue ich also zuerst nach Grades (und Abbautiefe) und dann nach Tonnage.

Zum Glück wird Noront bald beides vorweisen können mit weiteren Eagle 1 - Ergebnissen.

Und Windfall würde ich auch noch nicht abschreiben, es stehen noch Ergebnisse aus der 100´er-Zone aus !

[Fantomas96]

Und hier noch ein Bild zur "Größen- und Kontinuitätsdiskussion" von Boersenkrieger:





Dies zeigt die Umsetzung von Prof. Mungalls Theorie von weiteren "Nestern" im "feeder system" UNTER Eagle 1.

Tonnage (Größe) und Kontinuität sind dann gewährleistet, obwohl Eagle 1 mit bestehendem NI 43-101 schon wirtschaftlich wäre.

Aber der letzte NR hat ja gezeigt, dass man hier noch längst nicht am Ende ist.

Auf die nächsten "Nester" und weiteren "Eagles", die "Blackbirds" natürlich nicht zu vergessen.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.446.574 von Fantomas96 am 25.01.09 23:19:06

ich hab durchaus nichts gegen hohe grades
ist aber mehr die kirsche von der torte. da bzgl Eagle die torte unten darunter auch da ist, sollten wir mal satt werden.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.446.595 von Fantomas96 am 25.01.09 23:27:07

es gibt halt viele dinge auf die man achten muss. die grades waren bei mir anfangs an erster stelle.
wichtiger sind bodenbeschaffenheit, möglichst geringe vermischungen (nicht so wie bei candente z.b.), infrastruktur, tiefe, tonnage und und und.
für mich hab ich halt gemerkt dass ich die grades immer deutlich überbewertet habe.

[uprock]

Antwort auf Beitrag Nr.: 36.446.653 von Boersenkrieger am 25.01.09 23:53:50

Hi "Börsi" (geil ), folgendes zu der Grades / Volumen-Debatte:

1. Dass kaum eine der wichtigsten und profitablesten Goldminen auf dem Planeten mit Grades von über 3g im Schnitt arbeitet, und sehr viele auch mit unter 1g derzeit sehr gut zurechtkommen, ist Fakt. Es ist genau wie Du schreibst: diese Minen leben alle von grossen Volumina und relativ gleichmässiger Vererzung, aber nicht von super high grades.

2. Bei Basismetallen, und der ROF ist natürlich in erster Linie ein Basismetall-Deposit, sieht die Sache aber anders aus. Natürlich ist gerade in diesem Sektor Volumen ein Muss. Aber Grades sind bei Metallen, die eben pro Pfung im Vergleich zu PM's sehr billig sind, verhältnismässig viel bedeutender, als bei Gold oder Platin. Nimm mal Zink als Extrembeispiel. Da kalkulieren viele Machbarkeitsstudien oder Ressourcenschätzungen aktuell mit 5% cut off aufwärts ! Also, die High Grades im Ring sind schon sehr wichtig. Gerade in Preisverfall-Zeiten wie diesen sind sie am Ende des Tages möglicherweise der entscheidende Faktor, der den Ausschlag gibt, ob hier in näherer Zukunft bereits eine Mine entsteht, oder
nicht - beziehungsweise, ob Majors zusteigen und was ihnen der Spass wert ist.

3. Zurück zu Goldminen: ich halte es für möglich, dass wir hier in der nahen Zukunft allerdings eine "Trendwende" erleben, was neue Minenvorhaben angeht. Das bisherige Erfolgsmodell der low grade / big volume-Projekte ist extrem kapitalintensiv und könnte angesichts der Marktsituation bis auf weiteres Finanzierungsprobleme für diese Grossprojekte bedeuten. Würde mich von daher nicht wundern, wenn wir im Goldbereich eine Renaissance der höhergradigen, in kleineren Mengen produzierenden und vom Kapitalbedarf her weniger belastenden Underground-Minen traditioneller Machart sähen.

4. Das wird aber Windfall voraussichtlich trotzdem überhaupt nichts nützen. Einfach weil niemand, der bisher dieses Deposit exploriert hat, eine Ahnung gewonnen zu haben scheint, wie sich das Gold dort genau verteilt. Wenn man nach -zig Mio Geldausgaben, vieljähriger Tätigkeit (NOT-Vorgänger mitgerechnet) und einer aufwändigen Ramp-Konstruktion dazu und zum Umfang einer dort vermuteten Ressource immer noch keine aktuelle Aussage machen kann, dann wird schon ein kleines Wunder geschehen müssen, um das dort von NOT & Co versenkte Geld wieder zurückzubekommen. Vielmehr darf man vermutlich davon ausgehen, dass in dieser Ecke des Erdballs auch weiterhin einige äusserst fette Goldklumpen sich dem menschlichen Zugriff erfolgreich entziehen werden.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.446.741 von uprock am 26.01.09 03:20:14

wenn ich nur wüßte ob "Börsi" lieb gemeint ist, aber ich glaube eher nicht

1. jep

2. auch bei gold sind die grades entscheidend. bei 0,0000002 g/tonne wird´s uninteressant weiß nicht ob das so stimmt wenn man statt grades von euros oder dollars pro tonne reden würde, käme es wohl auf´s ähnliche raus. natürlich sehen die grades da besser aus bei zink und co.

3. gewagte theorie.... eigentlich sind die üppigen goldminen mit geringen grades ja oft auf der kostenseite so net anzuschauen. Aurelians gibt´s halt nicht viele, wo dann alles passt.

4. schade eigentlich. vielleicht waren die geologen bisher auch nur zu blöd dafür. würde mal die besten von überall her einfliegen lassen. die sollen den vermuteten erzkörper aufmalen und man schaut sich dann die schnittmenge an. wenn da nix gigantisches schlummert dann weiss ich auch nicht mehr.

[uprock]

Antwort auf Beitrag Nr.: 36.452.563 von Boersenkrieger am 26.01.09 20:18:29

Eh Boersi (bei mir ist das nett gemeint ), da hast' mich in zwei Punkten wohl missverstanden.

Lowgrade-Grossgoldminen: ja die laufenden Kosten sind in der Regel vergleichsweise sehr niedrig. Aber es geht mir um die Anfangsinvests für die eigentliche Realisierung der Mine, also für Erstanschaffung von Maschinenpark, Aufbau von Camp und Verarbeitung, Erdarbeiten, Anschluss an Infrastruktur / Energie usw. Diese Gelder für Open Pit-Grossminen gehen ja mittlerweile bis in den unteren Milliardenbereich. Scheint nicht mehr so einfach sein, solche Beträge in der jetzigen Finanzmarktlage aufzutreiben, auch wenn die Machbarkeitsstudien noch so schöne Szenarien für eine nachfolgende Amortisation zeichnen . Bestes Beispiel Galore Creek von NG / TCK, nach allgemeiner Auffassung wohl das gewaltigste, noch nicht als Mine erschlossene Kupfer/Gold-Deposit in Nordamerika. Trotzdem fand sich keine Finanzierung bisher.

Grades ... ja natürlich sind die "überall irgendwie" wichtig. Mein Punkt ist aber, dass sie in einer Volumenindustrie, wie Basismetall eben eine ist, in letzter Zeit noch viel wichtiger wurden. Da kannst Du nicht einfach "(Grade = 2) x (Menge = 2) = 4 entspricht bei einem anderen Vorkommen (Grade = 1) x (Menge = 4) sind auch 4, also beide gleichwertig" rechnen. Das Niveau an Metallgehalt, unterhalb dessen eine Mine nicht mehr als lohnend betrachtet wird, ist bei den Base Metals deutlich höher gerückt. Logisch, denn warum sollte man in einer Zeit, in der dutzende von bestehenden Minen stillgelegt werden, eine neue in Angriff nehmen, deren Kostenstruktur schlechter als excellent zu werden verspricht?

Deswegen bin ich froh über die bereits erwiesenen, extrem hohen Nickel-, Chrom- und Platin / Palladium-Grade im Ring Of Fire. Könnten durchaus das Zünglein an der Waage werden, ob hier zügig eine oder mehrere Minen entstehen, oder nicht. Selbst falls weitere ROF-Funde niedriggradiger ausfallen sollten, verschafft ein vorhandener Kern aus hochgradigen Erzen natürlich eine grosse Flexibilität und Krisensicherheit per Anpassungsfähigkeit des späteren Mine Plans an die Marktlage.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.453.893 von uprock am 26.01.09 23:49:08

aha... OK, dachte mir schon "so einfach" hast du es nicht gemeint.
damit könntest du recht haben. man darf derzeit nur in die edelsten projekte im explorerstatus investieren und der ROF sollte dazugehören.
ob sich die situation schneller wieder ändert und die preise plötzlich wieder steigen, steht in den sternen. aber ich denke mal die edelsten zeiten der branche sind vorbei... (wo jeder dussel locker sein durchschnittsprojekt finanziert bekommt und die KE´s gierig überzeichnet sind)
was dann aber auch längst in den kursen ausgedrückt wurde und ein paar zumindest werden davon dann auch wieder extrem profitieren.

NG auch schon ein ver6-facher von unten.... ich hoffe Du hast davon profitiert. mir ging ja leider die kohle aus bevor es spannend wurde (dank auch der anderen guten invetments vor dem ende der steuerfreiheit)

[Fantomas96]

Zusammenfassung von der Vancouver Konferenz von Snug:


http://agoracom.com/ir/Noront/forums/discussion/topics/30651…



I'm not going to try to rewrite what my Agoracom friends have presented well already with regards to the Vancouver conference. What I will do is take selected material from their posts, and comment or add some other useful material. (Often I use the pronoun "we", and this indicates that GoWest & I were working the conversation together.)

1) "The one new thing that we all heard was that they have been interviewing candidates for the position of CEO and they expect to have one hired by the end of February." Snezzer

It's obvious that the new CEO selection has a short list of candidates. And Mr. Hamilton made it clear during the workshop presentation that a new CEO will be announced hopefully before the end of February. I guess the question then is, "What will Messrs Hamilton and Parisotto being doing for Noront Resources?"

2) "....from my chat with Joe Hamilton....2 drills on Blackbird 1 & 2 for January....trying to prove up tonnage......after that 1 drill stays there and the other moves southwestish to test the several anomalies in that area. the 3 drill will move to new area called 'Grid #2'....this is the NOT property directly north of FWR 100% property....ie: adjacent and east of AT12....they have several anomalies to poke holes in up there......I'm not sure about the 4th drill, but I believe Kareema said it is on AT12." Sambone

Discussion with Joanne Jobin (IR person) of F.I.R.M. (and I believe Khareema has this in a post) confirms that there are presently only three (3) operational drills (the fourth is "quiet" at this time). Two drills at the Blackbirds and one at AT12.

3) "Windfall is dead for now. They drifted right thru the hole 100 area, it came in one side and out the other. there was gold there ,but nothing they could immediately take to the bank. It will take a lot of drilling to prove something up, and it is possible, but not in the present environment. There are limited funds in the bank and they have be careful where they spend them." Khareema

Joanne Jobin referred to Windfall as a "jewellry box" - gold but here, there, everywhere. The basic issue is that many drill holes would be needed to assess the potential of this property. This translates to a lot of dollars. The better exploration dollar value will be found at McFaulds. I asked Joanne the question, "What if gold goes to $1200/oz.?" She answered basically that a reassessment would have to be done at that time.

4) "I chatted with the IR people.....I was forthright and maybe agressive in my position that the company is not presenting news as upbeat as it could. They were adamant that they can only present within the TSX &(OSC?) guidelines.....when I pushed on the thought that a TSX listing is in the works...they both vehemently denied any knowledge or info or willingness to discuss that....well fair enough, they are bound by the rules. The real question is do we read between the lines?" Sambone

Joanne Jobin is the head IR person for Noront. She has been contracted to do this work by Noront. She listens hard; she talks hard. She's obviously has got a rough job to do, but she does it well and by the book with regards to the requirements set out by Hamilton and Parisotto. She says that anyone who wants to talk Noront can call her. Her number is 416-238-7834. However, she will not deviate from what she has told Sambone and the Agoracom people attending the convention. In that regard, she is consistent. GoWest and I pushed hard on the TSX listing just like Sambone, and received the same answer. It is my feeling that since Parisotto was formerly in charge of this process at the TSX, he is even more careful to follow due process with Noront. But it is happening. And I sense that it will happen sooner than later.

5) "...as far as I know there is no drill on E1 at the moment.....the nature of the orebody is such that it 'masks or hides' what is below it...that is as far as geophiz goes....in other words the present level of geophysics cannot see past the shallow orebody. So they are going to do some deep downhole geophysics to try and get a better picture for the drills, then a drill will be allocated back to E1.....I hope I am remembering this scenario fairly correctly, but don't shoot me if I got it wrong. The feeling I got from J Hamilton was that they are going for tonnage on chromite and go chase some intriguing anomalies SW and way up E & NE of AT12." Sambone

This was interesting news - the masking caused by E1. So although the focus at present is chromite, it seems that Noront certainly hasn't forgotten about nickel. But more downhole geophysics must be done before a drill is allocated to Eagle One.

6) "... the NOT office DOES IN FACT read our posts on this forum. I had heard others say that before, but tonight I found out for sure." Snezzer

I may be wrong with this comment, but I believe Joanne Jobin's office reads the Noront Agoracom board. They filter. Any posts or comments which are not appropriate with regards to Noront Resources or persons within Noront are reported to Agoracom. But, as Snezzer reports, the posts on the Agoracom board are read.

7) "We need to continue to be respectful here, while demanding fair treatment from the the company we are invested in. With the old regime, and with all other companies using Agoracom's services, NRs were(are) released to Agoracom after 4:00 the day before the specific release so that they (George and team) would have time to prep it for release. Agoracom wasn't even told by Noront that that they had released news. They found out like the rest of us." Snezzer

Joanne Jobin's comment on this point was that their NR release policy is the same for all news dissemination parties including Agoracom. They (F.I.R.M.) are consistent in this matter.

8) "...our roundtable chat with George was enlightening....it made me think that they have been somewhat marginalized along with retail. We should not be so critical of Agoracom, they are on our side and their clients side. The client would be far better off to realize that and COMMUNICATE." Sambone

George stated that Noront (i.e., F.I.R.M.) works differently with Agoracom. All of the other Agoracom clients have a must closer relationship. But Agoracom still has the Noront relationship, and this allows the Agoracom/Noront retail investor to continue to use a route by which questions can be funnelled to Noront management. I should note that Joanne made it clear that there is another CEO presentation in the works, which will be relayed through Agoracom.

9) "Windfall will be on the back burner and they say it will be hard to prove up more anomalies without a ton of money being spent on it. In this time of scarce resources their decision to spend the money where it gets the best bang for the buck makes sense to me too. Joe Hamilton said that they have been approached to take it off our hands but not for any meaningful value, so they refused. That was very comforting to me, however he did say that they may JV it or sell it or just put it aside for now." Notie Girl

Yes, this was interesting information. Joanne Jobin stated that Noront has considered Windfall in terms of a possible JV, an outright sale, or continued "care and maintenance". I guess unless gold soars, things will stay quiet at Windfall.

10) "... noront in the meantime will probably take over some of the others in the mcfaulds, think of freewest, spider or kwg." Roos 2000

This is an interesting comment, and it may happen. But in the presentation by Mr. Hamilton, the lengthy discussions amongst the Agoracomees, our discussions with Joanne Jobin, and Mac Watson (and a personal discussion with Jim Voisin of UC Resources), I didn't sense any imminent takeover action. But it may happen.

Some final comments

a) More assays for Noront are pending and will probably be out within two weeks.

b) Something imminent will be announced with regards to Richard Nemis and a "new venture". When "Agoracom George" was asked as to whether this might involve something up at McFaulds, he answered with another question: "Does the apple fall far from the tree?"

c) My comments with regards to info gleaned about Freewest on the Freewest board.

d) I should note that when we asked Joanne Jobin about any talks with Freewest, she said "Oh we talk all the time." That was good to hear. However, when we asked Mac Watson, he seemed less forthcoming. In fact, when Noront was mentioned, he asked "Where's their booth?" This was probably at 3:00 pm in the afternoon. My sense is that if there is any discussion, it's "surface" discussion - if you get my drift.

f) I wanted to mention once again our discussions with Joanne Jobin. We emphasized in a very positive sense that absolute importance of clear and timely communications. Moreover, we also emphasize the importance of the intelligent use of Agoracom's facilities. We told Joanne (this info from "Agoracom George" that the Noront board had 78,000 unique individual "hits" in 2008. (And there are probably another 30,000 people who have been told the story who haven't gone out to Agoracom.)

The important question for Noront is, "Where in the heck else does a corporation get the same opportunity to market its story!" No where! (Hope you're reading this again, Joanne.)

g) I have an audio file of Mr. Hamilton's workshop speech, which I hope to get up on the web. It isn't great quality but it will give you a feel for what he is thinking. Clearly he knows the Noront story, but he's not a techie. Moreover, he's "slick", and I don't mean that in a negative sense. He just doesn't have the feel of the old CEO. But as Khareema (George #2) has stated elsewhere, he does give you his time. And this is positive.

Hope this has helped.

Snug

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.461.136 von Fantomas96 am 27.01.09 22:52:18

danke für´s reinstellen.
gefällt mir ganz gut die aussagen.
bzgl windfall deutlich und ehrlich. war nicht anders zu erwarten. ist wohl einfach zu kompliziert und die goldgehalte mehr oder weniger beliebig gestreut so das sie kein geologe einen reim drauf machen kann.

im nachhinein muss man doch feststellen dass Nemis hier doch einen klaren fehler gemacht hat sich so auf windfall zu konzentrieren.
links liegen lassen wäre das beste. vielleicht geht ja später mal noch was (auch wenn ich das nicht glaube).
die strategie ist nun klarer

[Fantomas96]

RN's new venture will be called Lowlands Resources. Will be trading shortly and as RN puts it, "it's gonna be a barnburner". Great management, great land package.....and a few other suprises.

[Fantomas96]

it wouldn't be surprising if Robert Salna and Richard work on something together as they have done so in the past - just Google Salna Nemis QQ

eg

Indocan Resources Inc./Noront Resources Ltd.; new joint venture in Voisey Bay

RICHMOND HILL, Ontario--(BUSINESS WIRE)--May 14, 1996--Robert P. Salna, President of Indocan Resources, Inc. and Richard Nemis, President of Noront Resources Ltd. of Toronto are pleased to announce a second Joint Venture Agreement.

This Agreement allows Indocan the right to earn a 50% interest in Noront's North River Project it acquired from Kennecott Canada Inc. The project is comprised of 62.5 square kilometres and is approximately located 60 kilometres north west of the Canadian States Resources Inc./Cartaway Resources Corporation discovery, north of Voisey's Bay Labrador.

[uprock]

Antwort auf Beitrag Nr.: 36.461.218 von Boersenkrieger am 27.01.09 23:06:06

Möchte wissen, ob Parisotto & Co schon mal über eins nachgedacht haben: Windfall an Onkel Nemis für dessen neue Firma anzubieten, zB. auf dem Weg eines Earn-In-Deals. Und das meine ich im vollen Ernst.

Da liessen sich diverse Fliegen mit einer Klappe erledigen. Erstens wäre es besser, als die Liegenschaft nun einfach sich selbst zu überlassen und dabei noch Maintenance-Kosten zu haben. Zweitens könnte (müsste ...) Nemis dann zeigen, was er als Geologe wirklich drauf hat und warum er sooo viel Geld dort investierte, dass es NOT mittlerweile an den Rand des Abgrunds gedrängt hätte, wäre der ROF nicht entdeckt worden.

Drittens würde es einer Dolchstosslegende a la "wenn Nemis noch da wäre, hätte aus Windfall auch was werden können" vorbeugen - und das scheint mir nicht unwichtig, wenn ich auf Agoracom das bis zum heutigen Tag andauernde Gejammer wegen seines Abgangs lese. Viertens mag es ja sein, dass er tatsächlich besser mit Windfall klar käme, als andere Geos, und das ganze vielleicht, sehr, sehr vielleicht, doch noch in einen Winner verwandeln könnte, an dem natürlich dann auch NOT teil hätte.

Fünftens liesse sich auf die Art mit Sicherheit einiges an Mehrwert für NOT heben. Naheliegend wäre es, Windfall als eigene AG auszugliedern und die Aktien an NOT-Altaktionäre zu verteilen. Das würde sofortige Mehrwertschaffung in der NOT-Aktie und in den Depots aller Aktionäre bedeuten. So wie es jetzt wohl auf geraume Zeit kommen wird, Windfall im Dornröschenschlaf, dürfte sich die Bewertung des Gebietes innerhalb des NOT-Kurses leider nahe null bewegen.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.461.447 von uprock am 28.01.09 00:15:05

wäre eigentlich eine sehr gute idee. soll Nemis zeigen was er drauf hat und aus Windfall einen Winner machen.
die bewertung von Windfall im Noront-kurs halte ich für 0 und nichtig. wenn man bedenkt was für ganz andere projekte derzeit mit 0 bewertet sind. wenn sie damit noch irgendwie geld machen können, sollen sie es tun.
vielleicht gibt es ja wirklich den großen geologen der zeigt wo es da langgeht.
und stimmt auch... ohne ROF hätte noront alt ausgesehen.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.461.447 von uprock am 28.01.09 00:15:05

das schreckliche ist... inzwischen finde ich es fast positiv dass Nemis entmachtet wurde.... aber nur fast ... erwar halt unser Held... so wie KN auch (auch wenn dieser natürlich ganz andere fähigkeiten besitzt)

[defiantcookie]

Antwort auf Beitrag Nr.: 36.461.447 von uprock am 28.01.09 00:15:05

Gut durchdachte Idee!
Reg´ das doch mal beim Management an...

[mike32]

Antwort auf Beitrag Nr.: 36.461.447 von uprock am 28.01.09 00:15:05

unfassbar was Ihr hier zusammenschreibt , aber Charakter ist ja bekanntlich Glücksache !!!

Mehr möchte ich dazu nicht sagen , bin mal gespannt ob jemand hier genauso empört ist !

Wenn nicht , kann ich nur sagen , der Mensch , zu Recht eine aussterbende Gattung !

[uprock]

Antwort auf Beitrag Nr.: 36.467.710 von mike32 am 28.01.09 18:13:30

Bisschen diffus, Dein Posting. Zu der Idee eines Windfall-Spin Offs hab ich von Dir leider nichts gehört. Möchtest Du einfach, dass eine Richard Nemis-Gedenkminute eingelegt wird, oder wie?

Ich erkenne Nemis' Verdienste um NOT und den ROF vollstens an. Ich masse mir auch gewiss nicht an, bezüglich Windfall schon immer gewusst zu haben, dass dabei wenig herauskommen würde (auch wenn eine Beobachtung der dortigen Aktivitäten von MGR und FWR in den Vorjahren durchaus darauf hingedeutet hat ...). Werde mir aber trotzdem erlauben, darauf hinzuweisen, dass er Noront mit seiner Strategie einer Zersplitterung in quer über den ganzen Erdball verteilte Sackgassen-Projekte und seinen vergleichsweise sehr hohen Investments in Windfall in eine Lage manövriert hatte, die ohne die unerwartet eingetretene ROF-Discovery fatal hätte enden können.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.467.710 von mike32 am 28.01.09 18:13:30

erläuter das mal... ich weiss nicht was du meinst ?
Nemis war einmal ein guter Geologe.... aber dann investierte er in Windfall.... und der Wind brachte ihn zu Fall

[Boersenkrieger]

ich würde mal sagen man sollte an den unis dieser welt den heranwachsenden geologen Windfall als herausforderung anbieten. wer den gigantischen erzkörper entdeckt wir eingestellt
am besten man zieht ein paar chaostheoretiker als berater hinzu

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.469.328 von Boersenkrieger am 28.01.09 21:05:28

oder man vermietet Windfall an goldgräber für ein paar euros die stunde. die nuggets die da verstreut zu finden sind müßten doch massen anlocken

irgendwie wird man da schon noch was anstellen damit

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.469.328 von Boersenkrieger am 28.01.09 21:05:28

achja windfall absperren. eintritt zum graben verlange und den schatzsuchern die schaufeln verkaufen.... es darf nur mit Noront-schaufeln gegraben werden die doppelt so teuer sind.... hat doch schonmal geklappt mit schaufeln verkaufen
somit kann man dann auch den adler zum fliegen bringen mit dem schaufelgeld sozusagen.

mann oh mann ich platze heute ja geradezu vor lauter ideen....
*mir selbst mal kräftig auf die schulter klopf* ...
ich bin einfach super

[KNORPEL]

Hi Boersi,

ich glaub DU solltest dich erst mal "schlau" machen bevor du dich hier um Kopf und Kragen schreibst.

Richard Nemis war und ist niemals Geologe gewesen.
===>>>http://www.zoominfo.com/Search/PersonDetail.aspx?PersonID=18…

Windfall war vor dem Funden im RoF die vielversprechendste Liegenschaft von Noront,und es war firmenpolitisch schon die richtige Entscheidung daran festzuhalten.Hohe "Goldgrades" waren ja die Basis fuer Kurssteigerungen und die Moeglichkeit Cash in die Kasse zu spuelen.

Der Rampenbau von Windfall haette nicht sein muessen.Man haette sich schon frueher nur auf den RoF konzentrieren sollen.

Aber voellig abschreiben sollte man Windfall auf jeden Fall nicht,vielleicht wirds ja noch was.

Gruß KNRPEL

[Fantomas96]

Ja, so liebe ich das:

erst jubeln alle im Chor und hinterher hat man sowieso alles besser gewußt und es kommen sehen.

Boersi und uprock, ich kann Eure Antipathie für Richard (und Windfall) nicht nachvollziehen.

Das ist ein vielversprechendes Projekt gewesen, das von einem CEO "alten Schlages" gefördert wurde, der nicht so, wie die "Aaasgeier" von "Möchtegern-CEO´s" vieler Explorer heute, nur Ihre eigenen Taschen füllen wollen, sondern den Begriff "shareholder" noch hochgehalten hat.
Keine riesigen Optionszuteilungen und geringes Gehalt und eine mir bisher unbekannte "Nähe" zu den Aktionären.
Zudem hatte er den nun wirklich mit Goldvorkommen nicht unerfahrenen John Harvey als Projekt Manager (ehemals Hemlo Gold und Noranda) und es gab eine Studie von P&E Mining Consultants, die den Rampenbau empfohlen hatte.

Und was hättet Ihr denn mit den über 200 Bohrlöchern mit Goldfunden und dem höchstgradigen 100´er Bohrloch gemacht ?

Ach ja, einfach liegenlassen, denn daraus kann ja in diesem Gebiet sowieso keine Mine entstehen !

Schlaumeier !!!


P.S: Richard Nemis ist Anwalt und kein Geologe !

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.470.181 von Fantomas96 am 28.01.09 23:00:49

tja das kommt halt dabei rum wenn sich ein Anwalt als Geologe versucht


aber mal im ernst:
Du und mike tut so als wäre Nemis eine Art Gott.
Der Mann ist absolut vertrauenswürdig. Es geht nur darum, daß er einen Fehler gemacht hat.
Die Bayern sind wieder obenauf und die stärkste Mannschaft der Liga. Trotzdem haben sie gegen Bremen in der Vorrunde 2:5 verloren und schlecht gespielt.
Es geht nur darum, daß jegliche Kritik gleich weggeblasen wird von Euch. Das wirkt schon fast arrogant. Wer was schlechtes über Nemis sagt ist gleich ein "Feind".
Arrogant und albern...

Das höchstgradigste Loch ist ja wudnerbar und man kann prima Werbung machen und alle staunen. Aber was nützt ein Stürmer der das Tor des Jahres schießt und sonst kein Scheunentor trifft. Windfall ist keine Mine wert und an dem Ding haben sich halt schon andere auch probiert.

[Fantomas96]

Antwort auf Beitrag Nr.: 36.470.295 von Boersenkrieger am 28.01.09 23:28:08

BK:
aber mal im ernst:
Du und mike tut so als wäre Nemis eine Art Gott.

So ein Quatsch, lese mal die Postings richtig, bevor Du hier weiter rumplapperst.
Ich habe keine "Kritik weggeblasen", ich habe Dich und uprock aufgefordert, zu sagen, was Ihr mit über 200 Bohrlöchern mit Goldfunden und einer positiven Geologie-Studie, die einen Rampenbau vorschlägt, gemacht hättet ! Vor allem mit CAD 20 Mio., aus einem PP, die extra für dieses Projekt eingenommen wurden. ?

Na ?

Nachher ist man immer schlauer, aber Ihr scheint ja die besseren Geo´s zu sein !

Sollte Windfall ein Fehler gewesen sein, habe ich keine Probleme damit, ich finde, es war den Versuch wert (habe es trotzdem noch nicht abgeschrieben).

Und warum ich Richard vielen anderen CEO´s vorziehe, habe ich auch oben geschrieben, das hat nichts mit "gottähnlich" zu tun, sondern ist nur erfrischend anders für den Kleinaktionär im Vergleich zu vielen anderen Explorer-CEO´s.


FANTOMAS

[uprock]

@ Knorpel & Fantomas

Der Spruch von Nemis als "Geo" kam von mir und war sehr flapsig dahergesagt, dafür sorry. Seine Profession als Anwalt ist, glaub ich, allen hier bekannt, ebenso, dass Harvey der zuständige Geologe war. Bekannt ist allerdings auch, dass Nemis geologisch begründete Standpunkte in der Öffentlichkeit oft genug dargelegt und vertreten hat, insofern quasi der "Geo nach aussen" für NOT.

Ansonsten, Fantomas, weiss ich nicht, wo Du entnimmst, dass jemand behauptet hätte, das Scheitern auf WL wäre vorhersehbar gewesen. Ich denke, Du kennst MGR / FWR zur Genüge, um zu wissen, dass es schon vor Jahren gewisse Anhaltspunkte für die Probleme gab, welche NOT ja nun auch bislang haben scheitern lassen. Trotzdem ist es doch gar keine Frage, dass jede Company mit den 2006er-Bonanza-Bohrergebnissen in der Tasche genau wie Nemis gehandelt und weiteres Geld auf Windfall investiert hätte. Der Punkt ist, dass Nemis im Verhältnis zur Kapitalkraft der Firma in einem extrem hohen Mass investiert und dies auch noch durchgezogen hat zu einem Zeitpunkt (2008), wo vielleicht doch schon der Misserfolg erkennbar war, zumindest aber der ROF bereits uneingeschränkte Priorität hätte haben müssen, zumal sich die Wolken am Juniorhimmel längst zusammenzogen. Das sehe wohl nicht nur ich so. Denn es war ja einer der zentralen Vorwürfe, die gegen Nemis im Zuge seiner Entmachtung erhoben wurden.

Mag sein, dass aus Windfall noch mal was wird. Bis auf weiteres sieht es nicht so aus. Und eine Firma NOT ohne den Glückstreffer ROF, ohne das mittlerweile bei auf WL versenkte Geld und als einzige Hoffnungsträger dafür das alte Nemis-Sammelsurium aus Properties von China bis Ungarn würde vermutlich bereits vor längerer Zeit in gröbste Schwierigkeiten gekommen sein. Das sollte man doch beim Namen nennen können, ohne hier als NOT-Miesmacher verdächtigt zu werden.

Ich bin zum jetzigen Zeitpunkt überaus positiv für Noront und, ich sagte es schon, erkenne Nemis' Verdienste absolut an. Allein für seine Integrität gebührt ihm in der Gangster-Szene der Mining Juniors ja schon ein Orden. Es bringt aber doch nichts, ihn wie ein leicht verwittertes Denkmal nun auf ewig mit einer sakrosankten Aura zu umgeben. Wer Nemis-Fan per se ist, wird sich ja in Kürze in seine neue AG einkaufen können. Ich bin NOT-Fan und schaue den Ereignissen im ROF konstruktiv interessiert entgegen.

[uprock]

Antwort auf Beitrag Nr.: 36.470.181 von Fantomas96 am 28.01.09 23:00:49

Ausserdem frage ich mich, wie ich zu dem Vorwurf der "Antipathie" gegenüber Windfall komme? Im Gegenteil hatte ich gestern einen Vorschlag gemacht, wie man vielleicht mit dem Gebiet sinnvoll verfahren könnte, statt es baw. sich selbst zu überlassen: Veroptionierung an eine andere Firma, konsequent gedacht zB. an Nemis. Ggf. sogar Spin Off in eine eigene Firma. Ob das Tischtuch zwischen RN und dem neuen NOT-Management zu zerschnitten ist, um eine Kooperation überhaupt in Erwägung zu ziehen, weiss ich nicht. Gegen einen Spin Off spricht grundsätzlich aber gar nichts.

Ein halbwegs positives Klima für Juniors und Gold vorausgesetzt, müsste sich bei einem Windfall-IPO durchaus 0.05 bis 0.10$ je NOT-Aktie herausholen lassen. Immerhin könnte man neben den Bohrergebnissen die bestehende Rampe usw. ins Gewicht werfen. Ich für mein Teil würde das Geld gern mitnehmen, oder wahlweise meine Windfall-Aktien halten und warten, ob noch was draus wird.

Statt Verteidigungsansprachen für Richard Nemis würde ich von Dir, Fantomas, gern Deine Ansicht zu einem Spin Off hören und somit bzgl. Windfall am liebsten vorwärtsgerichtet diskutieren.

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.470.398 von Fantomas96 am 29.01.09 00:02:20

Nachher ist man immer schlauer, aber Ihr scheint ja die besseren Geo´s zu sein !

klar. der fehler für mich war trotzdem die Rampe zu bauen und zu sehr auf Windfall zu setzen. ich hatte da immer meine zweifel.
Das ändert nichts, daß Nemis zu den ehrlichen und ehrenwerten ausnahmen im minensegment gehört und ich ihm z.b. bei einer neuen firma stets vertrauen würde. trotzdem hätte das schiff kentern können. nobody is perfect. ...aber das kann JEDEM passieren. das minengeschäft ist ja kein kindergarten. deswegen sind eben diese werte die spekulativsten und zwar nur eine hand davon. der große rest ist schrott, weil die leute nichts verstehen oder sich nur selbst bereichern wollen.
aber die sind wir ja bzgl Nemis auch im grunde einer meinung. was NOT angeht: nach der letzten finanzierung mit ROF und der jetzigen bewertung. eine der wenigen sehr guten aktien und auf diesem niveau allemal wert nachzulegen. langfristig sollte es eigentlich nur nach oben gehen können.

[Fantomas96]

Antwort auf Beitrag Nr.: 36.470.507 von uprock am 29.01.09 00:51:56

@ uprock

Spin-off von Windfall wurde nach dem Eagle-Fund diskutiert.

Meiner Meinung nach wäre ein Spin-Off schon immer eine gute Lösung gewesen, allerdings habe ich einen Spin-Off für McFaulds erwartet.

Windfall und die anderen Properties hätten bei Noront bleiben können, da in den Kursen nach Eagle 1 Windfall sowieso schon längst "ausgepreist" war.

Die Aktionäre hätten so eine eindeutigere Zuordnung gehabt, die auch vom Markt besser verstanden worden wäre, ganz zu schweigen von einer eindeutigeren Zuordnung der Explorationsausgaben, des Cash-Bestandes und weiterer möglicher Finanzierungen.

Zu Deiner Multi-Property Aussage ("Nemis-Sammelsurium") noch eine kleine Anmerkung:
ich finde diese kritische Aussage zur Diversifizierung nicht korrekt, da fast jeder vernünftige Explorer diversifiziert, denn er weiß nicht, ob er irgendwo etwas "Verwertbares" findet. Wenn nicht, wird die Property abgestoßen und man versucht es woanders.
Zum anderen bleiben ja auch noch die Optionierungsmöglichkeiten, wenn man selbst nicht aktiv werden will.

Und letztendlich muß man froh sein, daß Richard schon vor vielen Jahren die wichtigsten RoF Claims gesichert hat und diese zwar im Multi-Property-Portfolio brachlagen, aber schließlich doch durch einen "Glückstreffer" den Explorer-Durchbruch brachten.
Dies hätte theoretisch auch bei den anderen Properties passieren können, oder ?

Wenn man das vorher immer schon wüßte !

Allerdings wäre eine Trennung nach Windfall oder spätestens nach Eagle 1 sinnvoll gewesen, meiner Meinung nach.

[Daytrader12]

Die letzten NEWS auf deutsch.

http://www.presseportal.ch/de/pm/100016471/100576662/noront_…

25.01.2009 | 14:11 Uhr
Noront erbohrt in Eagle One noch mehr Nickel und stösst ausserdem auf faszinierende Ergebnisse in der AT12-Anomalie Toronto (ots/PRNewswire) - Noront Resources Ltd. ("Noront oder das Unternehmen") (TSX Venture: NOT) freut sich, die Probenergebnisse ihrer Forschungsaktivitäten für unedle Metalle in der Region des McFauld Lake, der nördlich von Ontario in den James Bay Lowlands gelegen ist, zu präsentieren.

FORSCHUNGSHÖHEPUNKTE

- Bohrung NOT-08-44, eine Verlängerung von Eagle One, erbohrte mit einer Durchschnittsberechnung 4,21% Nickel, 2,14% Kupfer, 0,35 g/t Platinum und 6,30 g/t Palladium über 28,8 Meter, einschliesslich 14,1 Meter mit einer Durchschnittsberechnung von 7,46% hochwertigem Nickel und 3,65% hochwertigem Kupfer.

- Bohrung NOT-08-2G11, die auf der AT12-Anomalie erbohrt wurde, stiess auf eine weitverbreitete Nickel/Kupfer PGE-Mineralisation und erbohrte in über 122,9 Meter Abstufungen 0,56% Nickel, 0,29% Kupfer, 1,06 Gramm/Tonnen TPM, einschliesslich 5,5 Meter mit einer Durchschnittsberechnung von 2,38% Nickel, 3,05% Kupfer, 0,92 g/t Platinum, 2,62 g/t Palladium und 0,22 g/t Gold.

BOHRERGEBNISSE VON EAGLE ONE

Wie bereits gemeldet (siehe Pressemitteilung vom 10. November 2008), stiess man während der Probebohrung im Nord-Süd streichenden Erdwall oder der Nord-Süd streichenden Leitung unterhalb der Eagle One Ablagerungen und um sie herum bei Bohrloch NOT-08-44 auf massive Sulfid-Mineralisationen von 70 Metern senkrecht unter den Bohrlöchern NOT-08-28 und NOT-08-32.

Zu den ausgewählten Probeintervallen zählen u.a.:


TABELLE 1: AUSGESUCHTE PROBEINTERVALLE VON EAGLE ONE
-------------------------------------------------------------------------
Bohrloch-ID von bis int Ni% Cu% Pt g/t Pd g/t Au g/t Agg/t
-------------------------------------------------------------------------
NOT-08-44 294,0 322,8 28,8 4,21 2,14 0,35 6,30 0,14 4,31
-------------------------------------------------------------------------
einschliesslich 294,0 301,6 7,6 1,16 0,98 0,73 2,73 0,10 2,65
-------------------------------------------------------------------------
gefolgt von 301,6 315,7 14,1 7,46 3,65 0,10 10,33 0,20 6,80
-------------------------------------------------------------------------
gefolgt von 315,7 322,8 7,1 1,03 0,38 0,43 2,12 0,08 1,15
------------------------------------------------------------------------- Während Bohrloch NOT-08-44 den besten Bohrdurchschnitt (nicht
genaue Breite)von massivem Sulfid zeigte, ergaben die Proben
weiterer 10 Löcher in der Gegend eine Mineralisation, die als nicht
so bedeutend eingeschätzt wird. Trotzdem sind aufgrund dieser
Bohrungen die geologischen und mineralogischen Kenntnisse, die
Noront zur Verfügung stehen, erweitert worden, und sie ermöglichen
dem Unternehmen im Weiteren gezieltere Bohrungen auf dieser
Lagerstätte. Genaueres über die Standorte dieser Bohrlöcher finden
Sie auf Noronts Webseite unter: http://www.norontresources.com/proje" target="_blank" rel="nofollow ugc noopener">http://www.norontresources.com/proje
cts/ring-of-fire/EaqleOneDrill.pdf. BOHRERGEBNISSE VON AT12 Noront berichtete bereits über sichtbare Mineralisation bei den
Bohrungen in der AT12-Anomalie, die sich ca. 9,5 km nordöstlich der
Eagle One Lagerstätte befindet. Ergebnisse aus AT12, die mit den ersten beiden Bohrlöchern
ermittelt wurden, waren in den Pressemitteilungen vom 15. September
2008 (NOT-08-2G01) und 6.Oktober 2008 (NOT-08-G02)veröffentlicht
worden. Die Forschungsbohrungen wurden in der Gegend fortgesetzt und
lieferten zusätzliche geologische Informationen für die Errichtung
von Bohrlöchern. Höhepunkte hiervon finden Sie in Tabelle 2. TABELLE 2: AUSGESUCHTE PROBEINTERVALLE VON AT12
-------------------------------------------------------------------------
von bis int
Bohrloch-ID (m) (m) (m) Ni% Cu% Pt g/t Pd g/t Au g/t Ag g/t
-------------------------------------------------------------------------
NOT-08-2G11 90,0 212,9 122,9 0,56 0,29 0,22 0,79 0,05 0,86
-------------------------------------------------------------------------
einschliesslich 137,9 141,0 3,1 2,56 0,44 0,31 3,12 0,65 4.80
-------------------------------------------------------------------------
einschliesslich 164,4 169,9 5,5 2,38 3,05 0,92 2,62 0,22 5,54
-------------------------------------------------------------------------
-------------------------------------------------------------------------
NOT-08-2G12 110,4 223,3 122,9 0,35 0,10 0,14 0,46 0,05 0,61
-------------------------------------------------------------------------
einschliesslich 161,8 162,4 0,6 3,17 0,34 0,26 2,02 0,03 3,77
-------------------------------------------------------------------------
einschliesslich 207,9 210,0 2,1 1,26 0,42 1,35 1,90 0,18 1,64
-------------------------------------------------------------------------
-------------------------------------------------------------------------
NOT-08-2G14 97,0 171,0 74,1 0,41 0,13 0,17 0,53 0,05 0,47
-------------------------------------------------------------------------
einschliesslich 97,0 106,7 9,7 1,58 0,26 0,65 1,92 0,19 1,61
------------------------------------------------------------------------- Genaue Breiten für die Zonen mit Nickel-/Kupfer-Vorkommen beim
AT12- Auftreten sind noch nicht ermittelt worden. Die Bohrlöcher aus Tabelle 2 (mit Ausnahme von Bohrloch 2G13, das
keine bedeutenden Messwerte aufwies) erbohrten umfassende
halbmassive Sulfid- Mineralisation wie auch kürzerer Bereiche
massiver Sulfid-Mineralisation. Die Standorte aller Bohrlöcher in
AT12 finden Sie unter Noronts Webseite auf der Karte der
unterschiedlichen Bohrlochstandorte, die auf der "Total Field
Magnetic Map" (magnetische Karte des Gesamtfeldes)eingeblendet ist:
http://www.norontresources.com/proje" target="_blank" rel="nofollow ugc noopener">http://www.norontresources.com/projects/ring-of-fire/AT12PlanMap.pdf.
Die Kontinuität der Mineralisation wird aus dem vertikalen
Bohrabschnitt ersichtlich, der zu den hier beschriebenen Bohrlöchern
gehört, und auch auf Noronts Webseite eingesehen werden kann:
http://www.norontresources.com/proje" target="_blank" rel="nofollow ugc noopener">http://www.norontresources.com/projects/ring-of-fire/AT12Section.pdf.
Für eine vollständige Liste der Probebohrungsintervalle und
Ergebnisse der AT12-Anomalie besuchen Sie bitte Noronts Webseite
unter http://www.norontresources.com/proje" target="_blank" rel="nofollow ugc noopener">http://www.norontresources.com/projects/ring-of-fire/AT12Hiqhl
iqhts.pdf. In einem 800 Meter südlich der AT12-Anomalie gelegenen Gebiet
wurden zusätzliche Bohrlöcher fertiggestellt. Sie ziehen sich
entlang eines ostwestlichen Abschnitts parallel zur und in der Nähe
der südlichen Grenze von Noronts Gelände in unmittelbarer Nähe zum
Black Thor Chrom-Gelände der Freewest Resources Inc. (wie
ersichtlich aus dem oben erwähnten AT12- Bohrlageplan). Ausgewählte
Probebohrungen für die Bohrlöcher NOT-08-2G15 und 2G-18 haben die
folgenden mineralisierten Bohrintervalle (nicht genaue
Breite)erbohrt: -------------------------------------------------------------------------
von bis int
Bohrloch-ID (m) (m) (m) Ni% Cu% Pt g/t Pd g/t Au g/t Ag g/t
-------------------------------------------------------------------------
NOT-08-2G15 90,8 101,2 10,4 0,61 0,19 0,21 0,82 0,13 1,38
-------------------------------------------------------------------------
einschliesslich 99,0 101,2 2,2 1,61 0,17 0,45 2,58 0,28 3,57
-------------------------------------------------------------------------
dann 112,3 130,2 17,9 0,67 0,24 0,14 0,45 0,07 1,87
-------------------------------------------------------------------------
einschliess-
lich 120,9 123,4 2,5 1,65 0,39 0,21 0,59 0,07 5.48
-------------------------------------------------------------------------
NOT-2G18 100,7 143,7 43,0 0,27 0,06 0,14 0,39 0,03 0,63
-------------------------------------------------------------------------
Gefolgt von 143,7 148,2 4,5 1,41 0,45 0,44 2,38 0,13 4,12
------------------------------------------------------------------------- Neben diesen Bohrdurchschnitten mit unedlen und edlen Metallen
gab es neun Bohrdurchschnitte mit minderwertigem Chrom,
einschliesslich 5,5 Metern mit durchschnittlich 3,973% Cr203 in
Bohrloch 2G15. Weitere Ergebnisse in diesem Gebiet werden
veröffentlicht, sobald sie verfügbar sind. BOHRERGEBNISSE VON EAGLE TWO Es liegen zusätzliche Probebohrungen für sechs weitere Bohrlöcher
vor, die gebohrt wurden, um das Potenzial an unedlem Metall beim
Eagle Two zu ermitteln. Sie beherbergten massive Sulfid-Vorkommen,
über die zuvor noch nicht berichtet worden war, u.a. Bohrlöcher
NOT-08-1G52, 1G55, 1G56, 1G60 und 1G62. Ausgewählte
Probebohrungsintervalle für das Eagle Two-Auftreten beinhalten: -------------------------------------------------------------------------
von bis int
Bohrloch-ID (m) (m) (m) Ni% Cu% Pt g/t Pd g/t Au g/t TPM g/t
-------------------------------------------------------------------------
NOT-08-1G52 395,0 405,2 10,2 0,37 0,47 0,01 0,11 0,11 0,23
-------------------------------------------------------------------------
NT-08-1G60 378,9 381,3 2,4 0,53 0,94 0,05 0,15 0,15 0,35
------------------------------------------------------------------------- Die Ergebnisse der Bohrintervalle (nicht genaue
Breite)beschreiben wiederholt ein minderwertiges Nickel- und
Kupfervorkommen, das unmittelbarer Nähe der Blackbird One
Chrom-Lagerstätte gelegen ist. Der Verlauf der Mineralisation in
Eagle Two bedeutet, dass die Lagerstätte sehr wahrscheinlich keine
allein operierende Nickel-Sulfid-Lagerstätte sein wird, sondern in
Verbindung mit dem nahen Chrom ein interessantes Ziel bieten wird.
Für eine vollständige Liste der Probebohrungen schauen Sie sich bitte
die Tabelle mit den Ergebnissen für Eagle Two auf Noronts Webseite
an
http://www.norontresources.com/proje" target="_blank" rel="nofollow ugc noopener">http://www.norontresources.com/projects/ring-of-fire/EaqleTwo.pdf. FORSCHUNGSPROGRAMM FÜR UNEDLE METALLE 2009 Ein dritter Diamantbohrer wird Anfang Februar in der Nähe von
AT12 und entlang der südlichen Grenze des Noront-Geländes nahe der
Bohrlöcher NOT-08- 15 bis 08-19 mit den Bohrungen beginnen. Mithilfe
dieser Bohrlöcher soll das örtliche und regionale Potenzial weiter
nach Potenzial für unedle Metalle in AT12 und der unmittelbaren
Umgebung untersucht werden. Noront beabsichtigt ausserdem,
geophysikalische Untersuchungen in ausgewählten Bohrlöchern
untertage durchzuführen, die zu Beginn des Basismetallprogramms
abgeschlossen werden sollen. "Die Ergebnisse vom Eagle One bestätigen die hochgradige
Mehrmetall- Mineralisation, die auf unseren Geländen im Ring-of-Fire
vorhanden ist, " bemerkte Paul Parisotto, einstweiliger Co-CEO von
Noront. "Unsere Forschungsprogramme in der ersten Jahreshälfte
werden nach Möglichkeiten suchen, die uns bereits bekannte
Mineralisation im Eagle One auszuweiten. Darüberhinaus ist die
ausgedehnte Nickel-Mineralisation im AT-12 äusserst
vielversprechend, da es dort fast 700 Meter unberührten Streichens
gibt, die innerhalb der nächsten sechs Monate noch angebohrt werden
müssen. Wir freuen uns sehr über das AT-12-Gebiet als möglichen
Beitrag zu unseren Nickel- Ressourcen in der Gegend." UNABHÄNGIGE QUALITÄTSKONTROLLE UND ANALYTISCHES PROTOKOLL Ein umfassendes Programm zur Qualitätskontrolle ist für das
Double Eagle Projekt in Kraft, wobei die Proben in Gruppen zu 35
zusammengefasst werden, zu denen 2 zertifizierte
Standard-Analysekontrollproben hinzugefügt werden, 2 Field-Blanks,
die aus zwei sterilen Bohrkernen bestehen und ein Feldduplikat. Auch
grobe Ausschussteile und Halbstoffduplikate werden bei der
Qualitätskontrolle berücksichtigt. Etwa 10% der Proben werden an ein
zweites Labor geschickt, das quasi die Ergebnisse des ersten Labors
überprüft. Man kann also davon ausgehen, dass alle Proben, über die
in dieser Pressemitteilung berichtet wurden, die strikten Richtlinien
der Qualitätskontrolle, wie sie von Noronts unabhängiger
qualifizierter Person ("IQP" Independent Qualified Person) festgelegt
wurden, bestanden haben. Alle Proben, über die hier berichtet wurde, wurden von den
Activation Laboratorien (Actlabs) in Ancaster, Ontario, abschliessend
untersucht. Die bei Actlabs eingereichten Proben wurden auf
Multi-Elemente untersucht. Dazu zählen u.a. Ni und Cu, die mit vier
Säuren digeriert wurden und anschliessend einer ICP-Analyse
unterzogen wurden. Die Proben, deren Basismetall-Werte höher als die
Höchstwerte dieser Methode lagen, wurden einer zusätzlichen Analyse
mit ICP-OES unterzogen. Für Au, Pd und Pt bestand die
Untersuchungs-Methodologie aus einer Feuer-Untersuchung auf einer
Teilprobe von 30 Gramm mit einem ICP-Abschluss. Silber wurde unter
Verwendung von 3-Säuren digeriert, zusammen mit einer ICP-Analyse.
Für die abschliessende Chromanalyse der Proben, bei denen das
elementare Chrom unter Verwendung der ICPOES
Multi-Element-Analysen-Methodologie mehr als 10.000 ppm (1% Cr)
liefert, werden die Proben schliesslich für eine zusätzliche Analyse
eingereicht. Dies zieht die Bestrahlung der Proben vor der
endgültigen Analyse mit sich. Diese Methodologie liefert eine
Analyse in Prozent für elementares Cr sowie für Cr(2)O(3) und
elementares Fe. Für weitere Informationen zur
Untersuchungs-Methodologie besuchen Sie bitte die Website von
Activation Laboratories Ltd. unter http://www.actlabsint.com. Die Bohrergebnisse dieser Pressemitteilung wurden von Noronts
Senior Management zur Veröffentlichung genehmigt, u.a. von John
Harvey, P.Eng. (Diplom-Ingenieur), dem Chief Operating Officer von
Noront, Dr. Jim Mungall, P.Geo., Noronts Chefgeologe, und Jim
Atkinson, P.Geo., die alle qualifizierte Personen gemäss der
kanadischen Sicherheitsgesetzgebung sind. Noront ist ein zweigeteiltes Rohstoffunternehmen, das an der TSX
Venture Exchange unter dem Handelszeichen NOT eingetragen ist und bis
heute 153.722.283 Aktien herausgegeben hat. IM NAMEN DES FIRMENVORSTANDS: "Paul A. Parisotto und Joe Hamilton" Co-Chief Executive Officers ZUKUNFTSWEISENDE AUSSAGEN Diese Pressemitteilung enthält "zukunftsweisende Aussagen" im
Rahmen der geltenden kanadischen Wertpapiergesetze, einschliesslich
Voraussagen, Prognosen und Vorhersagen. Zu den zukunftsweisenden
Aussagen gehören u.a. Aussagen, die Aktivitäten, Ereignisse oder
Entwicklungen ansprechen, von denen das Unternehmen erwartet oder
annimmt, dass sie sich in der Zukunft ereignen werden oder könnten,
so zum Beispiel zukünftige Geschäftsstrategien, Wettbewerbsstärken,
Ziele, Expansionen, das Wachstum der Geschäftsbereiche des
Unternehmens, ihre Tätigkeiten, Pläne und, in Bezug auf die
Forschungsergebnisse, das Timing und der Erfolg der
Forschungsarbeiten im Allgemeinen, wobei Zeitlinien gewährt werden,
behördliche Gesetzgebungen von Forschungs- und Bergbau-Tätigkeiten,
Umweltrisiken, Dispute über das Besitzrecht oder Ansprüche,
Einschränkungen des Versicherungsschutzes, das Timing und mögliche
Ergebnisse von irgendwelchen noch offenstehenden Gerichtsverfahren
und das Timing und die Ergebnisse von zukünftigen
Bodenschatzschätzungen bzw. zukünftigen wirtschaftlichen Studien. Häufig, jedoch nicht immer, kann man zukunftsweisende Aussagen an
der verwendeten Terminologie erkennen, wie z.B. "plant", "planen",
"geplant", "erwartet" oder "sich darauf freuen", "erwartet nicht",
"fährt fort", "vorgesehen", "schätzt", "prognostiziert",
"beabsichtigt", "Potenzial", "voraussehen", "nimmt nicht an" oder
"glauben" oder es wird ein "Ziel" beschrieben oder die Variation
solcher Wörter und Sätze, oder sie sagen aus, dass bestimmte
Massnahmen, Ereignisse oder Ergebnisse getroffen bzw. eintreten bzw.
erreicht "werden" "können", "könnten", "würden", "mögen". Zukunftsweisende Aussagen basieren auf einer Reihe von
materiellen Faktoren und Annahmen, dazu gehören zum Beispiel
Bohrungs- und Forschungsaktivitäten, wenn unter Vertrag stehende
Parteien Waren und / oder Dienstleistungen zu den vereinbarten
Zeiträumen anbieten, dass die Ausrüstung, die für die
Forschungsarbeiten notwendig und eingeplant ist, rechtzeitig zur
Verfügung steht und keine unvorhergesehenen Störungen hervorruft,
dass kein Mangel an Arbeitskräften oder Verzögerungen auftreten, dass
Anlagen und Ausrüstung so funktionieren, wie angegeben, dass keine
ungewöhnlichen geologischen oder technischen Probleme auftreten und
dass das Labor und andere damit zusammenhängende Dienstleistungen
verfügbar sind und so arbeiten, wie vertraglich vereinbart.
Zukunftsweisende Aussagen beinhalten bekannte und unbekannte Risiken,
zukünftige Ereignisse, Bedingungen, Ungewissheiten und andere
Faktoren, die bewirken können, dass sich die tatsächlichen
Ergebnisse, Leistungen oder Erfolge erheblich von anderen zukünftigen
Ergebnissen, Voraussagen, Prognosen, Vorhersagen, Leistungen oder
Erfolgen unterscheiden, wie sie von den vorausschauenden Aussagen
geäussert oder angedeutet wurden. Zu diesen Faktoren gehören u.a. die
Interpretation und tatsächlichen Ergebnisse von aktuellen
Forschungsaktivitäten; Veränderungen von Projektparametern, während
die Pläne weiterhin präzisiert werden; die zukünftigen Goldpreise;
mögliche Schwankungen in Qualitäts- und Erlösquoten; Defekte der
Ausrüstung oder bei Prozessen, die nicht wie geplant funktioniert
haben; der Ausfall von Leistungen der unter Vertrag stehenden
Parteien; Lohnstreitigkeiten und andere Risiken in der
Bergbauindustrie; Verzögerungen in der Einholung von behördlichen
Zulassungen oder der Finanzierung oder beim Abschluss von
Forschungsarbeiten sowie die Faktoren, die in den öffentlich
eingereichten Dokumenten des Unternehmens offengelegt wurden.
Obgleich Noront versucht hat, die wichtigen Faktoren, die bewirken
können, dass tatsächliche Handlungen, Ereignisse oder Ergebnisse
wesentlich von den in den zukunftsweisenden Aussagen beschriebenen
abweichen könnten, zu bestimmen, kann es dennoch andere Faktoren
geben, die Handlungen, Ereignisse oder Ergebnisse bewirken, die nicht
so ausfallen, wie vorausgesehen, geschätzt oder geplant. Es kann
keine Garantien dafür geben werden, dass zukunftsweisende Aussagen
sich als zutreffend herausstellen werden, da die tatsächlichen
Ergebnisse und zukünftigen Ereignisse sich wesentlich von den in den
Aussagen vorausgesagten unterscheiden können. Folglich sollten sich
die Leser nicht übergebührlich auf die zukunftsweisenden Aussagen
verlassen. Die TSX Venture Exchange hat diese Pressemitteilung nicht
überprüft und übernimmt somit auch keine Verantwortung für ihre
Angemessenheit oder Richtigkeit. Für weitere Informationen: Bitte kontaktieren Sie das Investor
Relations Department unter [phone] oder besuchen Sie Noronts
Website auf: http://www.norontresources.com; Investoren können auch Noronts IR
Hub auf http://www.aqoracom.com/IR/Noront benutzen. Für weitere Informationen:
Bitte kontaktieren Sie das Investor Relations Department
unter [phone]ots Originaltext: Noront Resources Ltd.
Im Internet recherchierbar: http://www.presseportal.chPressekontakt:
Für weitere Informationen: Bitte kontaktieren Sie das Investor
Relations Department unter [phone]

LG!

Daytrader12

[Fantomas96]

Und hier noch was zu Gold Deposits (103 Greenstone-hosted Quartz-Carbonate Vein (GQCV) Vorkommen weltweit mit > 1 Mio. Unzen Au und durchschnittlichen Goldgehalten von 5-15 g/t Au):


http://gsc.nrcan.gc.ca/mindep/synth_dep/gold/greenstone/inde…

[uprock]

Antwort auf Beitrag Nr.: 36.477.460 von Fantomas96 am 29.01.09 21:48:59

Es ehrt Dich, dass Du Nemis so in Schutz nimmst. Ich halte nämlich auch nichts von Wendehälsen, die RN Ende 06 für Windfall gefeiert, einen Sommer später dann wegen ausbleibender News kritisiert, nach Eagle 1 ihn wieder himmelhoch leben gelassen haben - nur um während des Kursverfalls der letzten Monate den selben Mann erneut runterzumachen.

Darum geht es mir aber gar nicht. Ich hab nirgends behauptet, dass er irgendwelche Bohrergebnisse hätte vorhersehen müssen oder dass er gar wissentlich in Flops investierte. Fakt ist allerdings, dass Mr.Nemis seit mehreren Jahrzehnten mit Noront in der ganzen Welt herumexploriert und dabei m.W. vor Eagle 1 nicht eine einzige Bohrung initiiert hat, die zu einer wirtschaftlichen Verwertung führte. Ausserdem sehe ich einen Unterschied zwischen, wie Du schreibst, "Diversifikation", und dem offenbar ziemlich konzeptlosen Ansammeln von Liegenschaften, wie es bis 2007 geschah. Burnt Hill, China One, Iron Lake, Escondida, Volcan 1, El Verde und wie sie alle hiessen - wo sind sie hin? "Not a priority" any more oder gleich komplett stillgelegt. Natürlich hast Du Recht mit Deinem Hinweis auf andere Explorer, die ebenso Projekt um Projekt anhäufen. Nur sind das in der Regel genau die Art von Buden, aus denen nie etwas nachhaltiges wird. NOT war vor zwei Jahren ganz knapp davor, den gleichen Weg zu nehmen. Mit dem wirren Portfolio vom Frühjahr 2007, also vor E-1, aber inclusive WL, würde die Firma heute vielleicht nicht fix und fertig sein. Aber das Geld wäre weitgehend weg und niemand würde sich mehr dafür interessieren, ob aus den Vorhaben mal etwas "hätte werden können". Die Aktie würde sich eingereiht haben in das Heer der 0.10$-Scheintoten an der Venture Exchange. Ob mit Richard Nemis auf dem CEO-Sesel, oder ohne.

Eagle 1 hat ihm und Noront den Arsch gerettet. Na und ?! Da muss man doch nicht verschämt drüber schweigen und RN hier stattdessen behandeln wie Kim Il Sung oder einen verstorbenen Opa, über den man bitteschön nur Loblieder zu juchzen hat.

Ich sehe es so, dass der ROF zwar ein unerwarteter Glückstreffer war. Als er aber eintraf, handelte Nemis konsequent und sicherte NOT den unbestrittenen Sonnenplatz im Ring. Allein damit hat RN mehr geleistet, als die meisten Explorer-CEOs je leisten werden. Und das finde ich doch eine gewaltige Leistung !

In puncto persönlicher Korrektheit ist die Latte bei NOT von Nemis sicher hoch gelegt worden. Mir ist es allerdings zu früh, die neuen Herren diesbezüglich schon zu kritisieren. Die neuliche Optionszuteilung fand ich noch im üblichen Rahmen. Gut gefallen hat mir die Insiderbeteiligung am jüngsten PP. Da könnten sich andere Firmen durchaus eine Scheibe abschneiden.

Dass ein Spin Off nach E1 bereits diskutiert wurde, wusste ich nicht. Allerdings sind seitdem zwei Jahre vergangen. Und nachdem auch die '100 Area' ja nun nichts verwertbares gebracht hat, liegen die Dinge klarer als damals. Wir haben aktivitäten- und bewertungsmässig den Tiefpunkt mit Windfall erreicht. Jegliche, neue Herangehensweise an die Liegenschaft kann eigentlich nur wertsteigernd wirken. Da weitere Exploration durch NOT auf geraume Zeit ausgeschlossen scheint, wäre eine Bewegung im Corporate-Bereich wünschenswert. Spin Off, Veroptionierung oder Verkauf, falls sich ein angemessener Preis erzielen liesse. Alles besser als momentan.

[Fantomas96]

This is a Discovery Alert and no buy or sell recommendation -

Analysis Ring of Fire World Class Chromium Discovery

Hello all,

Much has been said of the 2007 Eagle One copper/ nickel discovery by Noront, in what is now referred to as the Ring of Fire, Ontario, propelling Noront to the front pages of the exploration scene. However large the metal value of this and subsequent deposits is, we believe the recent discovery of a number of chromium deposits on the adjoining properties has a far greater potential value.

This week the Northern Miner reported coking coal and iron ore heavyweight Cliffs Natural Resources (CLF-N) is investing US$3.5 million in a private placement for a 19.9% stake in KWG Resources (KWG-V) to gain a foothold in this sizable chromite discovery in the Ring of Fire, McFauld's Lake area
In the article KWG Resources CEO Smeenk commented;

"Here we have a primary chromitite deposit which is very high grade, 40% or more chrome, and with very thick widths. This could be the biggest deposit of its kind on the globe."

Smeenk also said that the in-situ value of a pittable resource of this magnitude could be in the many billions of dollars. If proven, such a large deposit may have the potential to supply the entire North American market.
Very few people are aware of the value and characteristics of chromium discoveries.
"This is very reminiscent of 1991 when there wasn't anybody in the western hemisphere who knew anything about diamonds. And then (Charles) Fipke made a discovery and we all had to go up a very steep learning curve. Now the same thing is occurring with the earth scientists and the investing community about chrome," Smeenk commented in the article.

Freewest Resources and Noront Resources also have made important chromium discoveries along the same trend in recent months. The three chromite projects lie along a 12-14 km-long northeast-southwest structural trend and all sit within the same peridotite body. While all of the projects still require much more drilling, results to date indicate that together, they form one of the most significant chromite discoveries ever made in North America. But the McFauld's Lake area is remote. The distance to the nearest railroad at Nakina, Ont., is 230 km and there is no electric power line in the area.
Despite the lacking infrastructure, it is easy to see why we are excited. Before we give a more detailed explanation, we would first like to give a short Chromite 101 in order to address the knowledge gap, then we will look at the strategic importance of chromite, after which we will get down to the business of discussing the potential in the Ring of Fire.


Chromite 101
Chromium is derived from chromite ore, and, either by itself or in the ferrochrome combination, has a wide range of uses in the metallurgical, the chemical and refractory industries. A quarter of the metal of any stainless steel knife, for example, is made of chromium. It is also used in alloy steel, plating of metals, pigments, catalysts and refractories. In these industries, there is no replacement for chromium, and this is due to the unique characteristics of chromium: it is strong, clean, and resistant to high temperatures and corrosion.

Chromium is an abundant metal, and its host, chromite ore, is mined in various places in the world. Current world chromite ore production is around 19 million tons, 36% of which is produced in South Africa. The world’s estimated reserves are 11 billion tons, giving us just under 579 years’ supply at current demand levels. Nothing to worry about, you would say.

However, not all chromite ore is the same, and this is probably where investor-ignorance comes begging. There is a high variance in pricing of chromite ore, which is related to a mixture of:
· Grade (% Cr2O3) – commercially tradeable between 35-55%
· Iron to chromium ratio (Cr:Fe), where anything approaching 2:1 is a measure making the ore more easily processable to cater for specialist applications
· Levels of magnesium compared to the iron content (higher magnesium levels affect the reducibility of the ore, making processing more difficult)
· Increasing replacement of aluminum for iron in the deposit, which also helps reducibility
· ‘massiveness’ of the ore versus more friable ores

In fact, the ore from nearly every deposit that is mined, has a seperate pricing. So instead of your regular dollar price per ounce or pound, as is apparent in the gold and uranium industries, we could have the pricing of mined ore from Oman noted as: 38 percent of the ore to the coast of Oman block transaction price is 260 U.S. dollars.

Ore is usually processed into either ferrochrome (between 50-65% Cr) for application in the stainless steel industry, or processed into chromium metal (99% pure), for more specialised application. Ferrochrome prices also vary hugely depending on the grade of chromium, high-carbon ferrochrome reaching to around $2.5/ lbs, during 2008. A ton of chromium peaked at around $12,000 in 2008.

Chromite ore of 39% Cr2O3 contains 39% of chromic oxide per ton of ore. Chromic oxide, in turn, contains 68.42% chromium per ton. Thus, a ton of 39% Cr2O3 contains just under 27% chromium metal.

If we haven’t lost you yet, you are doing well. Let’s go on to the strategic importance of chromite. This may get a little dreary, but hang in there, it is important.


Strategic importance

Chromite could just be like any other base metal, were it not for the fact that its characteristics make it an invaluable part of various production processes. This value makes the chromium sector so much different and, arguably, more important than other base metals. A number of strategic and geopolitical implications are apparent.

The US defense industry considers chromium to be one of the most strategic of minerals. Chromium is an essential element in the production of jet engines, missile components and armor plating, and any enduring disruption of supply of chromium is therefore a direct threat to US defense production capabilities and the continuation of defense operations. The US does not produce chromium in significant quantities, and must therefore import it.

Russia and China as world powers.
Both states will likely claim a larger role in the future power arena, whose basis will increasingly imply the possession, wielding and application of commodities for domestic purposes. Both powers will need larger supplies of ever scarcer commodities. The struggle for scarce commodities have always been, and always will be, at the root of military and political conflict. China’s and the US’ active involvement in Africa proves the point. Both Russia and China are already the largest producers of chromium metal, neither country producing any significant amounts of chromite ore at home. To satisfy rising demand levels, they will need to secure supply by locking up at the source.

Supply constraints will add to the problems.
Currently, South Africa supplies the world with 38% of demand for chromite. Last year, during the oil and gas prices hikes, South Africa was unable to provide enough inputs for its electricity production, directly impacting the mining and processing of chromite ore, a very electricity-intensive industry. Total South African supply was impacted markedly, and although oil prices have come down since as a consequence of the credit crisis, peak oil logic dictates oil prices will rise again in the near future, and stay up. Other large ore producers are:
India, who will probably keep an ever larger piece of the pie for domestic use,
Kazachstan, falling under the political umbrella of Russia, and Zimbabwe, already at the center stage of China – US competition over commodities. To make matters worse, the current crisis will lead to a shut down of mining activity across the commodity board on a large scale. A large chromite supply in Canada, one of the most stable states in the world, would be of huge significance to the US.

Production of end-goods at the source.
As a consequence of rising energy prices and transport costs, we are already seeing the production of end-goods increasingly being moved towards the source: the mines. Companies are increasingly vertically integrated, putting ever greater pressure on the have-nots to lock in supplies, and providing the haves with an opportunity for expanding their role in a strategic sector such as the steel industry.

Eco paradigm.
Eco-awareness is set to become part of the new social paradigm. Chromium and the PGEs (as well as Rare Earth Elements) are major inputs to solar panel technology, hybrid cars, and fuel efficient engines. This industry will become one of the major boom sectors in the next decades, and this will significantly impact demand for these raw materials.


Ring of Fire

So what does all this mean for our little area of the world: the Ring of Fire?

Well, three high grade chromite ore zones were discovered in the McFaulds area, during the course of 2008. Freewest (FRW.V) has discovered the 100% owned Black Thor deposit, and the Big Daddy deposit, 4 km along strike to the SW was discovered by the Freewest-Spider-KWG joint venture. 5 Km South West of the latter, Noront (NOT.V) has found 100% owned Blackbird One, during its Eagle One drilling program. Step out drilling at Blackbird One revealed Blackbird Two, due East. The string of deposits is believed to be part of a trend with a total strike length of 14km, running from Blackbird One to Black Thor. In between these properties lies the enigmatic Fancamp (FNC.V), which hasn’t yet let its drills speak. The map below, courtesy of Freewest, depicts the position of the various deposits.

Let’s compare this zone to a deposit of similar size: the Kemi mine in Finland. The Kemi mine is set on a 15km long intrusion, containing 11 chromite orebodies averaging 40m thick, in places 200m deep, and a grade of a lowly 26% Cr2O3. Despite this diminuitive grade, the mine is made economical because of the immediate on-site processing of ore into ferrochrome, and on into stainless steel. Kemi has ore reserves of 41.1 Mt, and inferred resources of 86.1 Mt. In 2005, 1.1 Mt of ore was processed into 235,000t of ferrochrome, at an assumed market value of $2 /lbs this makes for a value of just over $1 billion. In one year. And Kemi is low grade, requiring lots of processing.





Now lets project this onto the Ring of Fire. A very rough averaging of the 8 holes drilled at the Freewest and Spider deposits reveals a chromic oxide of 39% in the high grade sections, averaging 34m (hole-) widths, with a Cr:Fe ratio of 1.74:1. Lower grade sections at Freewest and Spider are markedly lower. At Noront, the same 39% is apparent in the high grade sections. Hole widths are somewhat lower at 23m, the Cr:Fe ration averaging 1.87:1. However, Noront’s lower grade sections are only marginally lower in grade than the high grade sections, increasing hole widths to over 50m. These are serious grade vs widths.

Potential

Freewest believes that the Black Thor deposit by itself should easily be capable of holding 72 Mt of ore, at a value of approximately $ 29 billion. Given that both the Freewest Big Daddy deposit and Noront’s Blackbird One hold similar grades, widths and depths, added to as yet undrilled anomalies on all properties, the increasingly apparent link between the Ni/Cu and the Cr deposits, and Fancamp’s wait and see attitude, all makes the likelihood of a multi-million tonnage in the ore deposits along the 14km strike length a huge probability. Now that is what’s getting us excited.

We could be talking about a $ 100 billion or more asset for a major to pounce on, just counting the chromite. And we all know how the world reacted to Noron’t discovery of the Eagles. We can also safely say, that a major will want all the chromite together with all the Ni/ Cu deposits along the 14 km zone. Thus, any major interested, will have to negotiate with Noront, Spider, Freewest, KWG and possibly Fancamp. And as we have seen in the introduction to this analysis, a number of majors have woken up already. The recent takeover of the Noront board of directors by a hedgefund, is one indication of the majors stirring.

Another is a major’s buying in on the Spider joint venture, as mentioned above. And Freewest has a good working relationship with a third major. History also dictates that a battling of majors will take place long before the whole area has been drilled to bits. Once they have seen enough potential, they often scoop up and get on with mining. Interesting times indeed.

Conclusions

Well, we’ve made quite a journey, just to prove our point;

- Chromite has great metal and political value.
- The Ring of Fire contains a variety of metals that together have a huge strategic importance.
- We expect future supply shortages from current producers.
- We expect increasing demand for metals that are in huge supply in the Ring of Fire.
- Canada is a stable country in a chromite world where political stability is an asset.
- And perhaps most importantly, the Ring of Fire has a huge potential metal value.

The combined market caps of the five players are:

Freewest (FWR.V) $ 51 mln
Spider (SPQ.V) $ 14 mln
Fancamp (FNC.V) $ 10 mln
KWG (KWG.V) $ 9 mln
Noront (NOT.V) $ 171 mln

Although we are not predicting a winner, we believe that all of them have a huge upward potential once the majors battle over the spoils. These discoveries are simply “too big to ignore”.

A combined market cap of $ 255 mil for a set of assets potentially worth multiples of billions of dollars, is about as good an investment opportunity as you are ever likely to get.

Willem Middelkoop, February 7th 2009




Disclaimer:

Willem Middelkoop and the Gold&Discovery Fund is long the mentioned stocks, but hasn’t received any compensation from the mentioned companies. Investing in exploration companies is a very high risk play. You can loose 90% of your investment. Always invest in at least 5-10 different stocks and insure your speculative investments with a minimum of 10% in physical gold and/or silver. Recipients of this e-mail message do not receive investment reporting, investment supervisory or investment management services, nor the ongoing review or monitoring of an individual investment portfolio. The information contained in this e-mail message is intended only for the personal and confidential use of the recipient(s) named above. If the reader of this message is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that you have received this document in error and that any review, dissemination, distribution, or copying of this message is strictly prohibited. If you have received this communication in error, please notify us immediately by e-mail, and delete the original message. The Middelkoop Discovery Alert is an information service for investors/traders and is not a recommendation to buy or sell securities, nor an offer to buy or sell securities. The publishers of the Middelkoop Discovery Alert are not brokers and are not acting in any way to influence the purchase of any security. The information provided is obtained from sources deemed reliable, but is not guaranteed as to accuracy or completeness. It is possible, at this or some subsequent date, that Willem Middelkoop and-or his staff, partners, and/or affiliates of any or all may own, buy or sell securities presented. The Middelkoop Discovery Alert or Willem Middelkoop, are not liable for any losses or damages, monetary or otherwise, that result from the content of The Middelkoop Discovery Alert. The publishers of The Middelkoop Discovery Alert recommend that anyone trading securities should do so with caution and consult with a broker before doing so. Past Middelkoop Discovery Alert performance is not indicative of future performance. Securities presented in The Middelkoop Discovery Alert should be considered speculative, with a high degree of volatility and risk. Any redistribution of the above information, without prior written consent from Willem Middelkoop is strictly prohibited.

NB: I would to take this opportunity to inform you that, unlike some other discovery letters, my service has no corporate sponsors, who are being helped by promoting their stories.

Copyright 2009 Middelkoop Discovery Alert. All rights reserved.
Please send "unsubscribe" to [e-mail] in case you don't wan't to receive future mails

[Fantomas96]

Zuerst die Fakten:

1. Richard Nemis wird neuer Direktor bei Hawk Uranium (HUI) !

http://biz.yahoo.com/ccn/090212/200902120511407001.html?.v=1

2. Es gibt ein NOT Statement am Dienstag (Montag ist Kanada geschlosssen): Thema unbekannt.


Jetzt zu den Gerüchten:

1. Richard Nemis will eine neue Firma im RoF gründen, die hauptsächlich Claims in der Mitte des Rings haben soll.

2. Richard Nemis bringt Freewest, Bold Ventures und Melkior zu Gesprächen zusammen.

3. Noront verhandelt mit Cliffs.

4. Noront verhandelt mit einer südafrikanischen Firma.

5. 3. oder 4. haben bereits 9,9% Anteile an Noront erworben.

6. 3. oder 4. wollen Anteile an FWR und Spider erwerben.


Na dann, auf ein schönes Wochenende !

[Fantomas96]

SUPER Arbeit von Helium: Mc Fauld´s Underground 3D:


http://www.freedrive.com/file/686493


Alle (bekannten) Drillholes der Area in 3D dargestellt und jeder kann mit Google Sketchup selbst auf "Erkundungstour" gehen.

Einfach klasse !

Hier mal ein paar Impressionen:


























FANTOMAS

[Fantomas96]

Co-CEO Interview mit Paul Parisotto and Joseph Hamilton:


http://smallcapepicenter.com/executive/NOTceo17Feb09/



FANTOMAS

[Fantomas96]

Interview Highlights:

Cash zum 31.12.08: $ 33 Millionen

Burn Rate: $ 1,5 Millionen / Monat

Explorationsausgaben 2009: $ 19 Millionen

KEINE weiteren Finanzierungsrunden in 2009

Noch kein neuer CEO/CFO gefunden

Noront anderen RoF Playern 12 Monate voraus (43-101, Drills, Nickel Deposit)

Blackbird Drilling in den nächsten Wochen abgeschlossen

Neue Targets werden anschließend mit den 4 Drills exploriert

Windfall weiter on "care & maintenance", weitere $ 8-12 Millionen zur Bestätigung des Deposits benötigt, Geld wird aber für Ring of Fire ausgegeben

Management weiter sehr positiv für Ring of Fire



FANTOMAS

[uprock]

Antwort auf Beitrag Nr.: 36.616.211 von Fantomas96 am 19.02.09 23:52:06

"Weitere $ 8-12 Millionen für Bestätigung des Deposits benötigt"

Erst mal danke für die Zusammenfassung.

Die oa. Management-Aussage zu Windfall halte ich für absolut blauen Dunst. Sie wären mit dem Klammerbeutel gepudert, würden sie in der jetzigen Goldmarktlage nicht sofort diese 8-12 Mios investieren, wenn es tatsächlich nur noch um dieses Geld ginge, um hier ein verwertbares Deposit nachzuweisen und endlich etwas aus den vielen Millionen zu machen, die hier schon reingesteckt wurden. Zumal sich der Betrag derzeit natürlich problemlos neu am Markt auftreiben liesse - wenn das wirklich das einzige Problem bei Windfall wäre. Ist es aber offenkundig nicht.

Betreffs des ROF sind alle neuen Nachrichten ja durchweg positiv. Ich bekomme kursmässig allerdings immer stärker den Eindruck, dass eine wirklich nachhaltige Erholung bis auf weiteres nur durch einen der beiden folgenden Faktoren losgetreten werden kann: deutlicher Anstieg der Basismetallpreise - oder Beginn der längst fälligen Konsolidierung im ROF.

[Fantomas96]

Antwort auf Beitrag Nr.: 36.616.453 von uprock am 20.02.09 03:13:55

@ uprock ref. Windfall:

Ich glaube immer noch, dass wir NICHT die volle Wahrheit über Windfall wissen. Denn, wenn da bei den Entnahmen aus den verschiedenen Zonen im Rampenbereich im bulk sampling wirklich nichts war, warum werden dann die Ergebnisse dieser Untersuchungen nicht veröffentlicht ?

Meine Meinung lässt sich aus folgenden 2 Beiträgen treffend zusammenfassen:


1. Misfit

http://agoracom.com/ir/Noront/forums/discussion/topics/31477…


Noront CEOs - Put a nail in the Windfall coffin please
posted on Feb 20, 09 01:30PM

Hi All,

Been pondering the last few days the posting by D12 in which he presented four different opinions from this board regarding Windfall. My opinion was included as one of the four.

It is one thing to have opinions and everybody has one as the saying goes, and I like to try to enhance my opinions with what I consider factual information, subjective information based on observances, and sometimes information based on intuition based on the overall market and economic context that surrounds our investment in Noront.

I decided to go back and review all of the information from Windfall from 2008 and earlier. This is the period ot time following the drilling of 160 different holes on the Windfall Lake property and what I believe to be another 40 holes on the JV property that Noront holds with MUG/FWR to the North. The JV property holds two zones called F-11 and F-17 and the main Noront zone is W-3 which contained the infamous 1327.9 g/tonne over 4.8 metres from drill hole 06-100.

A total of 15 million dollars was raised in December 2006 to build a exporatory ramp into these areas, and 15 months later the ramp was started after all permits were received and government and first nations requirements were met. It was completed October 21, 2007. A total of 12.5 million was spent on the ramp and Noront received 35% of that back from the Quebec government for future exploration.

At the time that financing was raised for the Windfall Lake program in December 2006 gold was trading at 600 per ounce and has not dropped below that mark since. Today Gold is touching the $1000 per ounce U.S. mark in the world markets which represents a 65% increase over the price in December 2006.

Compare that to the price of Nickel at the time of the Eagle One hit in August 2007. Nickel at that time was at $23 /lb bucks and change and today sits at $4.22. This is an 81% decline. Copper in August 2007 was selling for over $3.60 /lb and today sits at $1.42. A decline of 60%.

I realize that Double Eagle has the potential to be the next Voisey Bay or one of the largest Chrome finds in the world. We are truly blessed to have hit Eagle One with the first hole and hit some massive nickel on just the fifth hole. Eagle-2 and Blackbird 1 and 2 are also future money pots for Noront.

But at what point may it begin to make sense to divert some resources back to Windfall Lake with Gold trading so high with no end in sight given the world economic picture for the next 8 months?

If the CEOs would just state publicly that Windfall Lake is a dud and the W-3 muck and bulk sample assays were duds, then I would be fully on-board with the current direction of Management.

But we have received zero news releases since Windfall Lake since October 21, 2007 when the ramp was completed. While the bulk sample assays from the F-11 and F-17 zone were less than stellar, the following statement from that NR is still outstanding:


In the W-3 zone, on the Noront wholly owned claims, drifting for 55 meters along the zone at 100 meter below surface encountered sulphides over a total exposed length of 30 meters. All assays for samples taken from the W-3 zone to date are pending from the independent analytical laboratories. At the W-3, the zone follows a multiple set of crosscutting fractures creating a very erratic distribution of the gold values and discontinuous gold-bearing, stringer-type mineralization.

Currently the geological team on site is completing test hole sampling employing jumbo or jackleg percussion drills to more fully evaluate the three zones and other mineralized structures encountered during the underground exploration work. Bulk samples of several zones in which visible gold was encountered are being recovered with a view to carrying out laboratory-scale testing to assess grade and continuity of the mineralization.

In addition a program of underground and possibly surface diamond drilling is being considered to establish the extent of mineralization over potentially mineable volumes.

Management proposes to pause the exploration program to allow for completion of all assaying, metallurgical testing and a review of progress to date. The Windfall Lake property, including camp and ramp facilities will be kept on a care and maintenance basis during the forthcoming winter months.

An economic evaluation of the property’s merits and potential for the shareholders is the primary consideration to be addressed. Recommendations for future exploration at Windfall Lake, after all work currently underway is completed, will be submitted for Board approval if the latter is positive.

What is interesting is that this news release was issued during the proxy war. I believe Richard released all of the information regarding Windfall he had at the time as the assays were still in the lab. Where are these assays now? Are they sitting in the back seat of Paul's car? Did the dog eat them? What the CEOs forget is that they have information that needs to be released to the market. Noront is not a production company. It is an exploratory company. Assays are taken to show whether exploration programs are successful or not successful. As shareholders, we have a right to know whether the assay results are good or bad.

At this point bad assay results for W-3 would have little impact to the SP in my opinion. But excellent results would potentially change the SP given the price of Gold. If the CEOs are holding onto assays for W-3 that show economic grade results, then they should release these to fulfill their duties to maximize shareholder value. Any action to the contrary could be construed as holding information to keep the share price down for the benefits of the highly invested parties that they represent. In this case possible accumulation at low prices.

I am not saying that the results are bad or good. What I am saying is that we have a right to know the full results of the ramping program for which we all made an investment in. It has been four months which is more than enough time for the assays to have been reassayed and for interpretation by a geo.

I am about to make the strongest statement I have ever made on this board:

"If the current CEOs choose to JV, sell, trade, or spin off Windfall Lake to another company without first disclosing to shareholders all of the results from outstanding drilling and sampling assays, then a lawsuit will be forthcoming."

The passing of time does not cause me to forget why I originally invested in this company. It was only four months ago that the proverbial gun was put to Richard's head and the new board was instituted. The Ring of Fire holds the best potential for shareholders into the future once commodity prices return. But we are years away from seeing a penny from that area and as the economic feasibility studies show that a lot of infrastructure will be needed to get the first nickel to the smelter. The site is 100s of KM away from the nearest road and train station.

Compare that to Windfall Lake which has a smelter less than 45 KM away and a road to get the material there. Having visited the Sutter Mine and ramp in California, I can attest to the fact that a ramp is always built under the predicted strike zones. This is primarily done to allow the material that is being drilled and blasted to fall into buckets for easy transportation up the ramp. It is much easier to let tonnes of ore drop than it is to lift.

Given that the Noront web site has not updated the Windfall Lake ramp progress or shoot information since September 23, and given that a geological technical report has not been posted since June 2007, I wonder if due diligence is really being executed by the BOD in regards to this property, GIVEN THAT GOLD IS TRADING CLOSE TO $1000 US today!! Why not take a look at some more shoots. Drill into a few more zones. Over 200 holes were drilled and some showed some really excellent results. Were these complete flukes? There are a lot of companies out there trying to make a go of it with a lot less in terms of results. Why are we so different?

Paul and Joe, provide the outstanding assay results and back up your opinions as to Windfall Lake. Put the nail in the coffin already. Richard likely knows what these are so we can be assured that what is published will be what was released by the labs.

And check the price of gold every once in awhile. Not only is it high but gold can be sold instantly as everybody wants it and supply is short.

M1.


2. naimarantz

http://agoracom.com/ir/Noront/forums/discussion/topics/31477…


Re: Noront CEOs - Put a nail in the Windfall coffin please
in response to Noront CEOs - Put a nail in the Windfall coffin please by MISFIT1
posted on Feb 20, 09 01:55PM

There is something that has been nagging at me about Windfall for a while here and it came up during the proxy battle.

The Aurilian shareholders were on this site and warning us about who we were dealing with and provided some information to the effect that Aurilian was sold before all of the core samples were released. After the sale the information was released and it was discovered that there was in the nieghborhood of 30% more gold than earlier reported.

The impression I got was the core samples were being puprosely held back and ARU was sold for less than the shareholders deserved and that the unreported cores would have boosted the sale price significantly.

Because what is going on at Windfall (the evaporation of 50oz of gold per ton) makes no sense, and the BOD refuses to offer any evidence or explanation as to the disappearing gold I can't help but wonder what is really going on here.

I am not trying to bash the BOD or relive the proxy war. I want an explanation as to what happened to the 52oz of gold over 15 feet and I want to see it in writting from Noront.

[uprock]

Antwort auf Beitrag Nr.: 36.626.150 von Fantomas96 am 21.02.09 12:43:32

Also, ich sehe immer wieder, dass NOT wirklich ein ganz spezieller Fall ist, wenn es um Diskussion einer Firma geht. Zu stark schweben in der Debatte - und ich beziehe mich damit inbesondere auf das von Dir verlinkte 'Put A Nail'-Posting - stets latente Unterstellungen gegenüber dem neuen Management in der Luft. Gleichzeitig wird hinsichtlich Nemis eifrig weiter an dem gestrickt, was ich vor einiger Zeit "Dolchstosslegende" genannt hab.

Ich kann's nicht beweisen, genauso wenig, wie Du und jeder andere. Aber ich halte aus folgenden Gründen die Spekulation des Agoracom-Kollegen, wonach zu WL möglicherweise entscheidende, positive Zahlen in böser Intention zurückgehalten werden, für abenteuerlich:

1. Wenn am Verdacht einer absichtlichen Verschleierung auch nur irgendwas dran sein könnte, würde Nemis sicherlich seit Monaten auf die eine oder andere Weise die Herausgabe der Daten (wenn es sie bereits geben sollte) fordern bzw. über seine nach wie vor zahlreichen Anhänger fordern lassen und Hinweise auf die Werthaltigkeit der Daten streuen. Ich habe keinen Zweifel, dass RN noch heute mit ein oder zwei Telefonaten erfahren könnte, ob es bereits Ergebnisse gibt und wie sie aussehen.

2. Zu dem Verweis auf die angeblich bei ARU gelaufenen Machenschaften kann ich nichts sagen. Für mich sind Assays aber ganz klar material information. Jeder, der ohne deren Release, wie hier unterstellt wird, angeblich Teile der Company verkaufen würde, steht doch schon quasi vor dem Staatsanwalt. Nach allem, was ich bisher gelesen habe, halte ich die neue Chefetage jedenfalls nicht für so naiv.

3. Ich widerspreche dem Poster, wenn er sagt: "bad assay results would have little impact to the SP". Zwar notiert die Aktie im Moment so, als ob WL bereits abgeschrieben sei. Das heisst aber noch lange nicht, dass sie nicht trotzdem locker 25% an dem Tag fallen kann, an dem dies als Tatsache bekanntgegeben würde. Halte es umgekehrt dann noch eher für möglich, dass Ergebnisse zurückgehalten werden, um den Kurs momentan nicht noch mehr zu belasten.

4. Bitte auch dran denken, dass die Veröffentlichung schlechter Ergebnisse eigentlich allen Betroffenen ein negatives Zeugnis ausstellen würde. Dem alten Management, und den neuen Grossaktionären (die ja schliesslich hier mitinvestiert haben) letztendlich auch.

5. Davon abgesehen, hat der Schreiber ausserdem m.E. das Hauptproblem bei WL gar nicht verstanden. Natürlich ist Gold da, das ist seit -zig jahren bekannt. Die Schwierigkeit lautet aber: "...very erratic distribution of the gold value and discontinuous ... mineralization". Du glaubst, dass sich diese entscheidende Schwierigkeit mit Release der ausstehenden W3-Assays erledigen wird? Ich habe grösste Zweifel. Schätze, die Assays ergeben entweder, dass man dem WL-Gold ökonomisch sinnvoll einfach nicht beikommen kann - es gibt diverse solcher Liegenschaften auf der Welt, trotz hoher Goldgrade in einzelnen Löchern. Oder, im besten Fall, mag dabei herauskommen, dass weitere, langwierige Arbeit nötig sein wird. Das würde im übrigen zusamenpassen mit der neuen Aussage des Managements, wonach noch 8-12 Mios an neuen Geldern zum Nachweis nötig wären. Wenn diese neuen Millionen wenigstens zu abschliessenden Ergebnissen führen würden. Was aber sehr fraglich scheint.

6. Wie ich schon mal geschrieben hatte: welchen Grund sollte es denn geben, in diesen Zeiten positive Ergebnisse im Zusammenhang mit irgendwas zurückzuhalten, was auch nur im Entferntesten mit Gold zu tun hat?

7. Also bleibt dann nur die Vermutung von den bösen, neuen Hintermännern, die angeblich noch weiter billig aufsammeln wollen. Aber wie lange soll das denn noch der Fall sein? NOT kann man derzeit am Markt billiger aufsammeln, als jedem von uns recht ist - WL hin oder her ! Und auch wenn ich einkalkuliere, dass grössere Nachfragepakete den Kurs wieder anziehen lassen würden, brennt hier gegenwärtig preislich für niemand was an, der rein wollte.

8. Man sollte sich mal lieber folgende Frage stellen: wo wäre der NOT-Kurs momentan, wenn das jüngste PP nicht stattgefunden hätte und die Kasse nicht gefüllt wäre? Vermutlich noch deutlich niedriger als jetzt und in den Boards würden Untergangsvisionen von kommender Illiquidität der Firma wieder Hochkonjunktur haben. Wenn also die neuen Grosseigner im Dunkeln einsammeln wollten, dann war es eine ziemlich schlechte Idee, die Company vorher erst noch durch einen fetten Casheinschuss abzustützen.

9. Das ganze Gerede läuft ja immer wieder auf einen Punkt hinaus: kann man dem neuen Management vertrauen - oder handelt es sich insgeheim dabei nur um ein U-Boot für interessierte Kreise, welche die Firma weit unter dem langfristig realisierbaren, realen Wert den Altaktionären wegbaggern wollen? Ich sehe im Handeln der neuen Leute jedenfalls bisher nichts, was auch nur im Entferntesten das untermauern würde, was ihnen von manchen Postern unterstellt wird.

Du bist von allen hier Diskutierenden vermutlich am tiefsten im Thema 'NOT' drin und verfolgst wohl auch am intensivsten die Agoracom-Debatte. Schlage deshalb vor, dass Du Deine Position zu dieser letztendlich entscheidenden Frage mal aktuell darlegst. Can we trust new management?

[uprock]

Antwort auf Beitrag Nr.: 36.627.968 von uprock am 22.02.09 03:16:09

"Can we trust new management?"

@ Fantomas

Leider bisher keine Antwort. Zwar vermute ich, dass die Frage hier letzten Herbst schon diskutiert worden ist (habe den Thread nicht regelmässig verfolgt). Allerdings stehen ja seitdem diverse neue Aussagen und Handlungen von Parisotto etc. zu Buche. Eine entsprechende Einordnung durch Dich und damit eine Stellungnahme zu meiner Frage hätte ich interessant gefunden. Eben weil Du wohl am tiefsten in der Materie drin bist. Und weil es die zentrale Frage aus Kleinaktionärssicht überhaupt ist. Falls man davon ausgehen müsste, dass das Management in erster Linie beabsichtigt, den ganzen Laden billig zu schnappen, bräuchte man sich über irgendwelche operativen Details eigentlich keinen Kopf mehr zu zerbrechen.

Naja, egal. Bis dann.

[supernova1712]

Noront Resources Exploration and Development Update



TORONTO, Feb. 26 - Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT.V) is pleased to present an update on its exploration activities in the McFaulds Lake area of northern Ontario in the James Bay Lowlands.

Drilling and Exploration:

In early January, 2009, Noront employed two diamond drills for the Blackbird Chrome area. The Blackbird chrome project is located approximately two kilometres south of the Eagle One Magmatic Massive Sulphide deposit. The primary goal of this drilling campaign at the chrome project is to define a National Instrument 43 - 101 compliant resource for the Blackbird discoveries by completing sufficient drilling at an optimum drill hole spacing to provide both inferred and indicated resources depending on the density of sampling and the domain type (massive vs. disseminated chrome).

A third drill, deployed in early February, is now focused on Noront's claims located nine kilometres to the northeast, in the general area of the AT12 nickel, copper, PGE occurrence and beyond, testing geophysical anomalies. To date, Noront has completed 21 holes of diamond drilling totalling approximately 6,000 metres on this phase of drilling in both the Black Bird chromite discovery and AT12 areas.

In addition to its diamond drilling programs, Noront continues with an aggressive geophysical program, and has completed 74 kilometres of ground gravity surveying, along with 1,850 kilometres of airborne gradient gravity surveying. These surveys are required for drill planning purposes to further define structures for both base metals and chrome potential. The airborne crew recently concluded their field work and the results will be used to guide further exploration, mostly in the area to the west of the Blackbird chrome discoveries. The ground gravity is focused in the area to the northeast of the AT 12 discovery and along strike from the Blackbird chromite deposits.

A fourth drill is currently being prepared for the commencement of an exploration program headquartered out of Oval Lake, located on the northern portion of the Ring of Fire. This drill will test targets defined by Noront's VTEM airborne EM survey and will focus on four new exploration areas, namely Northwest, Winisk, Oval and Northeast properties, all of which are 100% owned by Noront. It is expected that approximately 3,400 metres of drilling will be completed in these areas over the next few months.

Assay Results:

All holes drilled in the current program are being systematically logged and sampled, with samples being shipped regularly to Actlabs in Thunder Bay, Ontario for sample preparation and initial analysis, with final chrome analysis being done at the Actlabs facility in Ancaster, Ontario. Due to the high Cr and Cr2O3 results that Noront is receiving on a regular basis, additional analyses are being completed using alternate labs to confirm and compare analytical methodologies using cross lab verification of chrome results.

Exploration Budgets:

In December 2008, Noront's Board of Directors approved a $7.925 million exploration budget as presented by Noront's exploration team. There are seven geologists as well as six geo-technicians currently employed on the project, rotating in and out of the Esker Base camp on a tri-weekly basis, along with a Senior Logistics Manager.

This press release has been reviewed and approved for dissemination by Noront's senior management including John Harvey, P.Eng. Chief Operating Officer of Noront, Dr. Jim Mungall P.Geo., Noront's Chief Geologist, and Jim Atkinson, P.Geo. Noront's Exploration Manager, all being Qualified Persons under Canadian Securities guidelines.

Noront is a tier two junior resource company on the TSX Venture Exchange, trading symbol NOT, with 153,722,283 shares issued to date.

ON BEHALF OF THE BOARD OF DIRECTORS:

"Paul A. Parisotto and Joe Hamilton"
Co-Chief Executive Officers

+++

Freundliche Grüße
supernova

[Fantomas96]

Antwort auf Beitrag Nr.: 36.627.968 von uprock am 22.02.09 03:16:09

Hallo uprock:

ein paar Anmerkungen zu Deinen sehr überzeugenden Argumenten:


1. Absichtliche "Verschleierung" von Windfall-Ergebnissen

Also, wenn es keine Verschleierung gibt, warum werden dann die Ergebnisse nicht veröffentlicht, wenn man doch angeblich weiss, dass es nicht-ökonomische Ergebnisse sind, was ja bereits mehrfach auf Pressekonferenzen erklärt wurde.

2. ARU, Ergebnisse und "materielle Information"

Na, da erzähle ich Dir doch bestimmt nichts Neues:
Drillergebnisse kann ich doch zur "Nachprüfung" bei "Abweichungen" und "Ungereimtheiten" oder einfach "Überschreiten von Grenzwerten" zurück ins Labor (oder ein anderes Labor) schicken (und denen gleich noch sagen, dass man es nicht eilig hat).
So geschehen bei ARU und NOT !
Oder warum brauchten bei beiden Firmen Ergebnisse teilweise bis zu 5-6 Monate, wenn andere Firmen innerhalb von 6-8 Wochen Ergebnisse präsentieren konnten.
Also, da machen wir uns was vor, wenn wir glauben, dass hier keine "Manipulationsmöglichkeiten" verborgen lägen !
(Schon komisch, dass bei ARU nach längst überfälligen und von den Shareholdern angemahnten Ergebnissen, diese dann NACH Vereinbarung eines Verkaufspreises veröffentlicht wurden und die Ressourcen dadurch nicht unerheblich erhöht wurden. Natürlich zum Vorteil des Käufers und Nachteil des Anteilseigners!).

3. Schlechte Ergebnisse eingepreist/zurückgehalten

Ich glaube auch, dass Windfall bereits "ausgepreist" ist und schlechte Ergebnisse KEINE Auswirkungen auf den Kurs hätten.
Schlechte Ergebnisse werden m.E. auch nicht zurückgehalten, denn das macht weniger Sinn als gute Ergebnisse zurückzuhalten.

4. Windfall Gold-Distribution

Mag sein, dass es schwierig ist, ökonomisch abbaubare Ressourcen nachzuweisen, aber Gold ist da, also warum nicht die Ergebnisse veröffentlichen ?

5. Positive Windfall Ergebnisse zurückhalten

Es gibt nur einen Grund, positive Ergebnisse zurückzuhalten:
Siehe ARU; wenn ich eine Liegenschaft an einen anderen zu einem günstigeren Preis abgeben möchte, vor allem, wenn ich diese nicht mehr als "Kernliegenschaft" bezeichne.
Gegenleistung ? Na dann kann ich mir ne Menge vorstellen, vor allem, wenn ich "persönliche" Bezeihungen zum Käufer habe !

6. Genug Zeit "um billig einzusammeln", wieso Preis manipulieren ?

Da haben wir doch vor ein paar Wochen erlebt, wie schnell der Preis bei "Gerüchten" von 50-60 Cents auf 1,20 hochschnellt.
Das ist für einen "stillen Einsammler" mit Sicherheit KEIN Vorgang, um "gemütlich" mehrere Millionen einzusammeln. Also drücken und langsam akkumulieren.
Gestern konnte man in der zweiten Handelshälfte übrigens sehr schön "automatisches Akkumulieren" eines Hauses (das normalerweise für Institutionelle handelt) sehen, verbunden mit einem stetigen Anstieg des Preises. Das wollen diese Leute nicht dauerhaft machen, da ihnen der Preis dann "davonläuft".

7. Can we trust the management ?

Zu Deiner zentralen Frage zwei kurze Antworten:
a) Unschuldig, solange Schuld nicht bewiesen ist !
b) Wenn unschuldig, warum dann so still und keine "stichhaltigen" Antworten zu offensichtlichen Fragen (neuer CEO, ausstehende Ergebnisse, nicht alle Drills eingesetzt, Joint Venture Situation etc.)?


FANTOMAS

[Fantomas96]

Antwort auf Beitrag Nr.: 36.672.083 von Fantomas96 am 27.02.09 23:01:46

Zu meinem Punkt 6 (automatisches Traden und Preisdrücken), schaut Euch mal die ITG Trades heute an (wow, welche "Mengen" die da automatisch traden, aber so der Preis wenigstens NIRGENDWOHIN):


Exchange Date Price Change Volume Buyer Seller Markers
V 2009-02-27 15:59:47 0.82 -0.01 20,000 7 TD Sec 89 Raymond James K

V 2009-02-27 15:59:47 0.82 -0.01 8,000 68 Leede 89 Raymond James K

V 2009-02-27 15:59:35 0.83 0.00 500 14 ITG 89 Raymond James K

V 2009-02-27 15:59:31 0.83 0.00 500 14 ITG 89 Raymond James K

V 2009-02-27 15:59:27 0.83 0.00 500 14 ITG 89 Raymond James K

V 2009-02-27 15:59:25 0.83 0.00 1,000 79 CIBC 89 Raymond James K

V 2009-02-27 15:59:23 0.83 0.00 500 14 ITG 89 Raymond James K

V 2009-02-27 15:59:22 0.83 0.00 500 14 ITG 89 Raymond James K

V 2009-02-27 15:59:19 0.83 0.00 2,500 14 ITG 89 Raymond James K

V 2009-02-27 15:59:19 0.83 0.00 7,000 14 ITG 89 Raymond James K

V 2009-02-27 15:59:19 0.83 0.00 10,000 2 RBC 89 Raymond James K

V 2009-02-27 15:59:19 0.85 0.02 500 14 ITG 89 Raymond James K

V 2009-02-27 15:59:19 0.85 0.02 500 14 ITG 89 Raymond James K

V 2009-02-27 15:58:31 0.85 0.02 500 14 ITG 2 RBC K

V 2009-02-27 15:58:28 0.85 0.02 500 14 ITG 2 RBC K

V 2009-02-27 15:58:28 0.85 0.02 500 14 ITG 2 RBC K

V 2009-02-27 15:58:24 0.85 0.02 500 14 ITG 2 RBC K

V 2009-02-27 15:58:23 0.85 0.02 500 14 ITG 2 RBC K

V 2009-02-27 15:58:20 0.85 0.02 500 14 ITG 2 RBC K

V 2009-02-27 15:58:20 0.85 0.02 500 14 ITG 2 RBC K

V 2009-02-27 15:58:16 0.85 0.02 500 14 ITG 2 RBC K

V 2009-02-27 15:58:16 0.85 0.02 500 14 ITG 2 RBC K

V 2009-02-27 15:58:12 0.85 0.02 500 14 ITG 2 RBC K

V 2009-02-27 15:58:12 0.85 0.02 500 14 ITG 85 Scotia K

V 2009-02-27 15:58:07 0.85 0.02 500 14 ITG 85 Scotia K

V 2009-02-27 15:58:04 0.85 0.02 500 14 ITG 85 Scotia K

V 2009-02-27 15:58:03 0.85 0.02 500 14 ITG 85 Scotia K

V 2009-02-27 15:57:50 0.85 0.02 1,000 14 ITG 85 Scotia K

V 2009-02-27 15:57:48 0.85 0.02 1,000 79 CIBC 85 Scotia K

V 2009-02-27 15:57:40 0.85 0.02 1,000 14 ITG 85 Scotia K

V 2009-02-27 15:57:25 0.85 0.02 1,000 14 ITG 85 Scotia K

V 2009-02-27 15:57:14 0.85 0.02 1,000 14 ITG 85 Scotia K

V 2009-02-27 15:56:59 0.85 0.02 1,000 14 ITG 85 Scotia K

V 2009-02-27 15:56:50 0.85 0.02 1,000 14 ITG 85 Scotia K

V 2009-02-27 15:56:35 0.85 0.02 1,000 14 ITG 85 Scotia K

V 2009-02-27 15:56:28 0.85 0.02 5,000 1 Anonymous 2 RBC K

V 2009-02-27 15:56:28 0.85 0.02 1,000 1 Anonymous 1 Anonymous K

V 2009-02-27 15:56:25 0.85 0.02 1,000 14 ITG 1 Anonymous K

V 2009-02-27 15:56:10 0.85 0.02 1,000 14 ITG 1 Anonymous K

V 2009-02-27 15:56:00 0.85 0.02 1,000 14 ITG 1 Anonymous K

V 2009-02-27 15:55:57 0.84 0.01 1,000,000 9 BMO Nesbitt 9 BMO Nesbitt XK

V 2009-02-27 15:54:40 0.85 0.02 1,000 14 ITG 1 Anonymous K

V 2009-02-27 15:54:35 0.85 0.02 1,000 14 ITG 88 E-TRADE K

V 2009-02-27 15:54:10 0.85 0.02 1,000 14 ITG 88 E-TRADE K

V 2009-02-27 15:53:44 0.85 0.02 1,000 14 ITG 9 BMO Nesbitt K

V 2009-02-27 15:53:20 0.84 0.01 500 14 ITG 7 TD Sec K

V 2009-02-27 15:52:35 0.84 0.01 1,000 14 ITG 7 TD Sec K

V 2009-02-27 15:52:18 0.83 0.00 1,000 14 ITG 89 Raymond James K

V 2009-02-27 15:52:18 0.83 0.00 5,000 14 ITG 2 RBC K

V 2009-02-27 15:52:10 0.84 0.01 1,000 14 ITG 7 TD Sec K

V 2009-02-27 15:52:07 0.83 0.00 1,000 7 TD Sec 89 Raymond James K

V 2009-02-27 15:51:54 0.84 0.01 5,000 2 RBC 7 TD Sec K

V 2009-02-27 15:51:45 0.84 0.01 1,000 14 ITG 7 TD Sec K

V 2009-02-27 15:51:36 0.83 0.00 500 7 TD Sec 89 Raymond James K

V 2009-02-27 15:51:20 0.84 0.01 1,000 14 ITG 7 TD Sec K

V 2009-02-27 15:50:50 0.84 0.01 1,000 14 ITG 7 TD Sec K

V 2009-02-27 15:50:20 0.84 0.01 1,000 14 ITG 7 TD Sec K

V 2009-02-27 15:50:13 0.83 0.00 500 7 TD Sec 89 Raymond James K

[Fantomas96]

Aber ja, es gibt natürlich KEINE Manipulation !

Die haben einfach Spaß, sich ständig 500 Aktien hin- und herzuschieben, ab und zu Raymond James oder noch besser Anonymus mit ins Boot zu holen.

Damit fällt das dann erst recht keinem auf ! Genau !

Und zudem bleibt der Preis, wo er ist (oder läßt sich sogar "drücken").

FANTOMAS

[Fantomas96]

Und am Ende des Tages hat der "liebe ITG Major Broker" wieder 149000 Aktien für seinen Auftraggeber eingesammelt, ohne dass sich der Preis bewegt hat.

Komisch, nicht ? Nicht wirklich !

House Positions
Exch House Bought $Value Ave Sold $Value Ave Net $Net
14 ITG 149,000 125,170 0.84 0 149,000 -125,170

68 Leede 10,000 8,200 0.82 0 10,000 -8,200

85 Scotia 18,575 15,369 0.83 10,000 8,500 0.85 8,575 -6,869

46 Blackmont 5,000 4,220 0.84 0 5,000 -4,220

79 CIBC 20,500 17,080 0.83 16,000 13,395 0.84 4,500 -3,685

81 HSBC 4,500 3,735 0.83 0 4,500 -3,735

19 Desjardins 1,000 840 0.84 0 1,000 -840

9 BMO Nesbitt 1,001,925 841,610 0.84 1,001,000 840,850 0.84 925 -760

88 E-TRADE 1,000 850 0.85 2,000 1,700 0.85 -1,000 850

33 Canaccord 0 3,000 2,550 0.85 -3,000 2,550

6 Union 0 5,500 4,579 0.83 -5,500 4,579

80 National Bank 500 410 0.82 9,500 8,075 0.85 -9,000 7,665

1 Anonymous 6,000 5,100 0.85 15,500 13,075 0.84 -9,500 7,975

2 RBC 16,500 13,730 0.83 28,000 23,445 0.84 -11,500 9,715

95 Wolverton 0 17,500 14,575 0.83 -17,500 14,575

89 Raymond James 0 63,000 52,020 0.83 -63,000 52,020

7 TD Sec 35,000 28,950 0.83 98,500 82,500 0.84 -63,500 53,550
Total 1,269,500 1,065,264 0.84 1,269,500 1,065,264 0.84 0 0

[Fantomas96]

Neue Homepage:

http://norontresources.com/Home/



Neue Unternehmenspräsentation, 28.Februar 2009:

http://norontresources.com/Investors/getDocument/presentatio…


FANTOMAS

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.677.681 von Fantomas96 am 01.03.09 21:36:01

die Wölfe sehen aber bedrohlich aus
fressen die uns Kleinanleger ?

[mike32]

http://norontresources.com/Corporate/Directors/

http://norontresources.com/Corporate/Management/

es ist einfach ein Trauerspiel !

[Fantomas96]

Raymond James scheint mit dem Verkaufen langsam zum Ende zu kommen, BMO und ITG waren die größten Net-Buyer in den letzten 2 Wochen !



Here are all the house positions for : NOT from 2/15/2009 to 3/5/2009.


36 Records Returned


House Positions

Exch House Bought $Value Ave Sold $Value Ave Net $Net

9 BMO Nesbitt 2,126,045 1,764,396 0.83 1,752,100 1,468,117 0.84 373,945 -296,279

14 ITG 376,750 309,199 0.82 33,000 25,865 0.78 343,750 -283,334

2 RBC 828,038 645,607 0.78 560,035 445,094 0.79 268,003 -200,513

80 National Bank 138,257 106,530 0.77 22,800 18,727 0.82 115,457 -87,803

48 Laurentian 46,000 33,930 0.74 0 46,000 -33,930

83 Research Cap 34,000 29,890 0.88 0 34,000 -29,890

79 CIBC 702,088 526,417 0.75 668,638 494,033 0.74 33,450 -32,384

19 Desjardins 77,750 59,955 0.77 52,900 43,091 0.81 24,850 -16,864

81 HSBC 34,000 29,680 0.87 17,500 14,620 0.84 16,500 -15,060

15 UBS 22,230 17,114 0.77 9,000 7,370 0.82 13,230 -9,744

94 Hampton 10,000 8,000 0.80 0 10,000 -8,000

36 Latimer 10,200 8,226 0.81 400 311 0.78 9,800 -7,915

58 Qtrade 20,300 16,971 0.84 14,700 12,209 0.83 5,600 -4,762

44 Jones Gable 5,000 3,550 0.71 0 5,000 -3,550

46 Blackmont 5,000 4,220 0.84 0 5,000 -4,220

95 Wolverton 152,000 123,540 0.81 147,500 121,990 0.83 4,500 -1,550

25 Odlum 2,000 1,820 0.91 0 2,000 -1,820

57 Interactive 3,100 2,512 0.81 1,401 1,032 0.74 1,699 -1,480

68 Leede 20,000 16,400 0.82 18,500 14,725 0.80 1,500 -1,675

71 Brant 1,000 790 0.79 0 1,000 -790

64 Octagon 0 1,200 1,020 0.85 -1,200 1,020

67 Northern 3,000 2,190 0.73 5,000 3,950 0.79 -2,000 1,760

5 Penson 0 5,900 5,394 0.91 -5,900 5,394

59 PI 35,000 24,850 0.71 44,000 35,330 0.80 -9,000 10,480

86 Pictet 0 9,000 7,200 0.80 -9,000 7,200

124 Questrade 14,350 11,374 0.79 26,000 21,285 0.82 -11,650 9,911

85 Scotia 279,165 224,952 0.81 293,825 239,525 0.82 -14,660 14,573

88 E-TRADE 157,800 130,609 0.83 173,100 141,605 0.82 -15,300 10,996

141 Bolder 0 20,000 16,400 0.82 -20,000 16,400

145 Woodstone 18,000 13,690 0.76 41,500 33,565 0.81 -23,500 19,875

27 Dundee 0 36,720 32,386 0.88 -36,720 32,386

33 Canaccord 52,000 41,405 0.80 95,216 73,723 0.77 -43,216 32,318

6 Union 21,197 16,573 0.78 82,785 62,567 0.76 -61,588 45,994

1 Anonymous 268,500 216,835 0.81 427,000 332,920 0.78 -158,500 116,085

7 TD Sec 786,050 629,177 0.80 1,068,100 865,803 0.81 -282,050 236,626

89 Raymond James 5,000 3,800 0.76 626,000 484,345 0.77 -621,000 480,545

Total 6,253,820 5,024,202 0.80 6,253,820 5,024,202 0.80 0 0

[Fantomas96]

Noch zwei interessante Kommentare von der PDAC:


Very special thanks!
posted on Mar 05, 09 02:09PM
Irish, thank you from the bottom of my heart for being so gracious and giving of your time. There is no possible way I or several other ROFers could have gleaned as much info as we did had it not been for your direction and guidance. It has been my great pleasure to follow you around the PDAC to everyone who counted.

QQ. Thank you so much. Sudbury novice, myself and QQ were at a FWR party of sorts. Everyone was there or dropped in for a time. QQ left us for a moment but came back in a minute with Mr. Nemis in tow. She dragged him right over to us where we were able to have a very good talk about everything. (She didn't drag him of course) The next thing you know Mr Nemis' beautiful girl Friday was there. I can't call her the girl who answers the phone, nor could I call her his secretary. She is his friend first and foremost. Great people we lost here. Integrity is written all over them.

Of course this was one of the highlights of the convention. To be standing around talking with Dick, Elaine, Gary Zack's partner Jens, Voisin and so many others. All very good people.

QQ managed to shift the party over to our corner. Don't ask me how she did it. Sudbury novice and I were treated to a wonderful and very enlightening time.

Thanks to all of our Agoracom members who greeted me so graciously.

George and the Agoracom booth was truly a friendly place to be. It was like being home.

I am just waiting for George to send me my prize......The draw George!!!..

That being said, I can tell you that during those first days we thought it important to get Hoov in to question individuals like Mr. Mungal in order that he could gather the info he required in order to put it all together for the forums. When last I saw him there he was suffering from information overload..lolol He was worried he'd get home and not remember everything. What a guy. I knew better.

During the convention there were many meetings attended by the various players. On Tuesday a big meeting with Michael Gravelle I believe. Representation from our First Nations was there. I was told the talks went well. Very well. What were they about? I don't know the details so I can't speculate. There may be others who know and are aware. Sorry I can't comment further.

I spent some time at the NOT booth.I waited until the various players gave their presentations. I am not going to comment on these presentations or pick them apart based on personalities. I will say that when a presenter refuses to answer a few questions post presentation, I take it as a slight or arrogance. Don't like it.

I spent some time talking with Joanne. It would appear to me that she guards the gates. She will even time a conversation that Hamilton or perhaps Mungal was having and if it went too long she would grab the guy by the arm and try to steer him away. Very protective of the BoD and I suppose taking her job to the next level.

I attempted to discuss the forum and its virtues with her. The benefits to be had by both we the share holders as well as the company but alas her ears were closed. She was in fight mode. so would not listen to reason. It seemed that every time I mentioned Agoracom she got exited and her hackles went up. I never did get my point across with her.

She is attractive and is pleasant to look at while listening to her but unfortunately her appearance does not help the situation re the forum. I will reserve judgement on her until I speak with her a little more. Needless to say, she plays good defense.

I had a good discussion with Nathalie Hansen of Melkior. She explained their position and game plan which is more than appropriate during these times. A very nice young lady who opens her beer with her teeth...... cuts down corn fields while staking etc.. but a cool gal.

Noront is proceeding to a 43 101 for the chrome. It will take a lot of drilling as you all know. I would expect most of this work to be done by years end.

I will say this. Do not sell your shares. Sure there is competition between the plays, specifically NOT and FWR for king of the hill. The various BODs take this more serious than I do. The bottom line is that there is a huge Chrome resource in the ROF and it is my opinion that we have just touched the surface.

Probe must drill this summer to complete their last pp. They will hit Chromite because it extends to several of their claim blocks. This few holes Probe drills may just be a precursor to a sale of some of their claims. I spoke with the folks at Probe and they are very aware that the chrome tails off on their land to the NE of FWR and NOT. They are also aware that where chrome tails off is generally found PGEs.

U.C. is very exited right now. There is more than rumor that there is a large anomaly or anomalies under these lands. I don't recall if Hoov has mentioned this but I wouldn't be surprised if there is much more chrome at depth and in other areas. So when all is said and done we may have a lot more chrome than even the most optimistic are suggesting.

The majors are sniffing around. There is no doubt about it. They are not here for Spring Break. They are here to get the ROF. They want our chrome. Why when there is so much in Africa? Because its in Africa thats why.

Don't let anyone tell you different. Africa is unstable. The whole world knows this. Their Hydro is intermittent and I doubt they get much from an Electrical Grid. Some of these mines are 4 miles deep. So close to hell they need air conditioning. The other thing is the fact that so many employees die of HIV Aids every year. I have heard it can be as high as 20% and getting worse. This is very costly. Think about this issue for a while. Up to 20% of the work force. This is staggering!

So those are some of the reasons the Majors want this chrome. There are many more of course. Canada is stable. Our chrome is above average by a long shot. We have infrastructure not too far away and I believe we have a receptive Government.

This winter drill season will be very telling. At the end of this, we should have a much better idea of where we are headed. Spring is around the corner but I have a feeling NOT and FWR may keep drilling.

There is a lot that is unprintable. Just many of my personal experiences with the various players. I judge them as I see them.

I will say this. It is very difficult to respect a backstabber. Unfortunately there are one or two involved with Noront. This is all I will say about this subject. Its over now and time to move forward.

Although I am secure with my finances re this play and the ROF in general, I am very aware that there are members here who are very worried. The economy sure doesn't help them either. I will say this one more time. Hold your shares.

We must change the rhetoric on the forum. We must show a forum with hope and excitement for the future. We must attract buyers as opposed to scaring them away.

Irish thanks again. You are a great friend. Be sure to give you husband a kiss for me..

There will be bumps in the road moving forward to be sure but taking all that I have gleaned into consideration, I can only say that we will be investing in this area for years to come simply because we just got there and have only scratched the surface.

Remember, the Majors read the forums too. Lets keep things professional. Any issues can be kept off the forum. We have PMs and if you don't trust them for what you have to say, use a google address.

Don

[Fantomas96]

Und im zweiten Kommentar noch Ansichten von Richard und anderen:



Very good summary Don. My thanks as well.

I did not expect to meet fellow Sudburian Richard Neimis. What a great opportunity to get his opinion on many issues relating to the RoF. Thanks so much to QQ Girl. Here are some of his comments:

There will be a world class chromite mine in RoF..it is just a matter of time.

Your investment is backed up by the huge reserves that already are identified and in the ground with more to come. Drilling has just begun and there will be many more reserves uncovered.

The cost of infrastructure can easily be covered by the value in the ground.

The Cliffs option on KWG is an important first step but it is just the start of deals to come.

Noone is delaying assay results....they take time and they want to get it right.

Other interesting comments from various company management people (without naming anyone):

We have had several major mining cos asking us about possible buy ins.

We will not sell out at a low price...we will drill drill drill before we entertain an offer.

There have been other meetings between Cliffs and other RoF companies.

There were some comments made suggesting that some deals have already been agreed but that was not confirmed and also RN said that was not his understanding.

Thanks again to all the agoracom posters in attendance, to Jim Voisin, to the FWR management gang and to George at agoracom.



FANTOMAS

[Fantomas96]

McFauld´s Lake : Intierra Map Januar 2009
(Vergrößerung über kleines Kästchen rechts oben):


http://intierramapping.com/2009-4a.asp

[Fantomas96]

Canada : Marshall Plan for Mining

(Sollte einem Gebiet wie McFauld´s zugute kommen):


http://www.financialpost.com/opinion/columnists/story.html?i…



'Marshall Plan' for mining

Diane Francis, Financial Post

Published: Saturday, March 07, 2009

Change font size Canada's best stimulus package would be to launch a Marshall Plan for Mining by building unpaved roads and other infrastructure to open up the country's vast, unexplored and untapped mineral wealth in its interior and the north.

The world expert on Canada's geology is petrologist Wayne Goodfellow with the Geological Survey of Canada in Ottawa. He's an expert on rocks and incorporates a knowledge of chemistry, physics, mathematics, geophysics, structural geology and geochemistry. I interviewed him at last week's Prospectors and Developers Association of Canada conference in Toronto about how Canada is a mining giant but is also one of the most unexplored nations in the world.

"If I was going to hazard a guess," he said, "there are three to five times more than has ever been found or exploited ... three to five times more the current reserves as well as what we have left. It's huge. There are vast areas in this country where boots have never been on the ground."

Mining has built Canada and underpins its economy now, and Canadians don't realize, nor do their politicians, that they are sitting on an even greater treasure trove. And everything in the world is grown or mined.

The best infrastructure bets for governments to bankroll would be to link, by unpaved road and transmission lines, Canada's dozens of "stranded" orebodies --major discoveries of metals and minerals that are too remote to tap. Mr. Goodfellow said these deposits are known and building roads to them would not only open them up for production but create an exploration boom in their vicinities.

The most dramatic example is a "giant" lead-zinc deposit.

"The Howard's Pass deposit in the Yukon is probably the largest reserve for lead and zinc in the world. It is a belt that is 20 to 30 kilometres long and this area is continually mineralized," he said. "There is no access, only an airstrip, no roads, no power grid, no rail."

Infrastructure is needed to produce base and precious metals because of the huge tonnage of rock that must be transported from the mine to a mill, refinery then markets.

"The concentration of effort in Canada has been in the south where you have infrastructure," Goodfellow said.

For instance, the single greatest discovery in Canadian mining history is the nickel belt in Sudbury, the world's biggest deposit. This multibillion-dollar development would never have been found nor discovered if the Canadian Pacific Railway had been routed differently. The railway passed through the area in remote northern Ontario.

"There have been other remote mines built, such as the Polaris lead-zinc mine above the Arctic Circle, but these were viable because they were on water so transportation was available," he said. "But there is no access in Nunavut or the interior of Canada, which is virtually unexplored...."

Canada must exploit its natural competitive advantages in order to retain living standards. This nation is the second-largest piece of real estate in the world, which represents a mining, oil and agricultural advantage.

Canada will never be a manufacturing powerhouse, a Silicon Valley North, another New York financial capital or a biotech giant. As governments respond with stimulus packages to keep Canadians employed, they should also invest heavily in strategic economic development.

Mining is a high-tech industry that will never be replaced and should be harnessed for the good of the country and the world.

[e-mail] - Diane Francis blogs at financialpost.com/dianefrancis


FANTOMAS

[sufenta]

Antwort auf Beitrag Nr.: 36.710.992 von Fantomas96 am 05.03.09 22:43:20

Raymond James scheint mit dem Verkaufen langsam zum Ende zu kommen, BMO und ITG waren die größten Net-Buyer in den letzten 2 Wochen !

Fantomas, wen meinst Du mit BMO und ITG? Und für die nicht so Kenntnisreichen, was ist mit Net-Buyer gemeint?


Vielen Dank für die Antwort.


s.

[sufenta]

Antwort auf Beitrag Nr.: 36.756.361 von sufenta am 12.03.09 20:58:04

...nach 5 Tagen hätt auch ruhig ein Anderer antworten dürfen

[Fantomas96]

Antwort auf Beitrag Nr.: 36.756.361 von sufenta am 12.03.09 20:58:04

Hallo sufuenta,

bin wieder im Lande, daher erst jetzt eine Antwort:


Fantomas, wen meinst Du mit BMO und ITG? Und für die nicht so Kenntnisreichen, was ist mit Net-Buyer gemeint?


BMO und ITG sind Investment Broker / Banken , die im Fall von ITG vor allem für institutionelle Anleger an den Märkten handeln und auftreten.

http://www.bmocm.com/

http://www.itg.com/about/


Net-Buyer sind Handelshäuser die mehr Aktien in einem bestimmten Zeitraum GEkauft als VERkauft haben, also die Anzahl der gehaltenen Aktien VERGRÖßERT haben.


Gruß,

FANTOMAS

[Fantomas96]

Na, was ist denn heute los ???






NORONT RESOURCES LTD. (Tier2) (CDNX:NOT.V)

Last Trade: 0.84
Trade Time: 3:59PM ET
Change: 0.12 (16.67%)
Prev Close: 0.72
Open: 0.74
Bid: 0.83
Ask: 0.84
1y Target Est: N/A
Day's Range: 0.74 - 0.85
52wk Range: 0.44 - 6.07
Volume: 657,141
Avg Vol (3m): 711,364


FANTOMAS

[Boersenkrieger]

Antwort auf Beitrag Nr.: 36.807.409 von Fantomas96 am 19.03.09 21:59:12

sie lebt ja noch !

[centissimo]

Bin seit 1 Jahr stiller Mitleser und Mitleidender.
Sind hier jetzt alle ausgeflogen, oder was.

[powertecc]

Antwort auf Beitrag Nr.: 36.831.842 von centissimo am 24.03.09 09:33:22

Wenn du mir meine shares für 7 Euro das Stück abkaufst, mach ich hier Rabatz für dich!

[Fantomas96]

Antwort auf Beitrag Nr.: 36.836.563 von powertecc am 24.03.09 16:59:36

@ powertecc

EURO 7 pro Aktie ist ja schon ganz schön ordentlich !

Schön zu sehen, dass hier noch jemand an Noront und die "unglaublichen" Funde glaubt !

Und ich bin mir sicher, wir werden Noront wieder in der Führungsposition im Ring of Fire sehen, wenn das Management die vielen, vielen längst überfälligen Bohrergebnisse endlich veröffentlichen würde:






Aber ich kann warten bis ich meinen gewünschten "RETURN" erziele !

FANTOMAS

[Fantomas96]

Man beachte die zwei Noront Bohrungen direkt an der Grenze zu den FWR Claims (im Bild oben), die nicht unerhebliche Mengen Nickel zutage gefördert haben. Der gesamte nördliche Bereich auf dem Bild sollte sowohl für NOT, als auch für FWR interessant sein !FWR sucht dort weiter nach Nickel (F2 Target) auf ihrem Gebiet, NOT drillt weiter im AT12 Bereich weiter nördlich !






FANTOMAS

[Fantomas96]

Ferrochrom Stabilisierung im 3.Quartal erwartet (hoffentlich auch Nickel )


Ferrochrome sector likely to stabilise by third quarter - analyst

By: Christy van der Merwe

3rd April 2009


JOHANNESBURG (miningweekly.com) - South Africa’s ferrochrome industry – heralded for producing about three- quarters of the world’s supply of the anticorrosive alloy – hit a slump in 2008, which spurred an unprecedented shutdown of operations in the country.

At present, only about 20% of South Africa’s smelting capacity is being used, and a large number of smelters are idle, or on care and maintenance. Industry spokespersons say that of a possible 49 ferrochrome smelters in South Africa, only between 8 and 12 are operating – and this number changes from day to day.

When compared with other refining industries in South Africa, the ferrochrome smelting companies reacted quickly and responsively to the global economic downturn.

“In terms of the speed and the scale of the shutdowns, I would say it is unprecedented,” Merafe Resources CFO Stuart Elliot tells Mining Weekly, although he notes that the discipline of turning off smelters when there is excess capacity is not a new one.

“The ferrochrome industry closures have been far greater, without a doubt,” adds Elliot, particularly when comparing the state of the ferrochrome industry to the aluminium smelting, or platinum refining industries.

“Companies probably turned off ferrochrome production faster than anyone else. So, even though they ramped up production quickly, I was impressed at how quickly they shut the smelters down,” reiterates Cadiz corporate solutions mining analyst Peter Major.

South Africa’s largest ferrochrome producer, the Xstrata Alloys and Merafe joint venture (JV), is only operating three of its 20 ferrochrome furnaces in South Africa. Second-ranking Samancor Chrome, which has 3 smelters and 16 furnaces, has slashed mining by 50% and smelting by 55%.

Hernic Ferro-chrome has completely halted smelting operations, as has International Ferro Metals (IFM), and African Rainbow Minerals (Arm) has cut smelting operations by 60%.

Expansion plans have also been halted. Cash preservation is now the prime aim.

“I think the challenge now, and more so for chrome, is to maintain cash flow, and to at least not run into losses. Now whether or not that is possible, we will only discover as we go through the next two or three months,” states Arm Ferrous CE Jan Steenkamp.

“Management is enforcing the ongoing review of fixed costs, the implementation of increased controls over expenditure and assessments of salary and wage reductions. The company resolved to defer all major capital expenditure. Only capital expenditure relating to the maintenance and upgrade of the plant and the cogeneration project is ongoing,” says London-listed IFM.

STAINLESS STEEL DEMAND

Since ferrochrome, or charge chrome, is the vital corrosion-resistant ingredient in stainless steel, the drop in demand for the alloy comes after the lowered production of stainless steel, which has also been struck by falling demand in light of the global economic crisis.

The International Stainless Steel Forum reported that stainless steel production worldwide dropped by 6,9% in 2008, and this was after production already dropped by 2% in 2007.

Although stainless steel production in China only dropped by about 3,6% in 2008, production in the Americas dropped by more than 11%. Worldwide production for the fourth quarter of 2008 was at its lowest quarter-on-quarter levels since 2004.

However, more than just the dwindling demand for ferrochrome, there was a significant oversupply of the metal in the market.

“By announcing all the closures, it clearly means that more ferrochrome is being sold than is being produced, which means that the stockpiles are coming down. We don’t know exactly what the stockpiles were like, but clearly there was more than the market needed,” notes Elliot.

“The crisis is because there is too much – there is a big, big surplus stuck in the pipes somewhere,” emphasises Major.

“There are some signs, particularly in China, that ferrochrome inventories are diminishing with most stainless steel producers generally having relatively low ferrochrome stocks and spot prices appear to have stabilised. There is, however, a large stockpile of chrome ore in China that will be converted to ferrochrome, but, at this time, it appears that these stocks will be sold only when prices increase,” notes IFM.

Major adds that because South Africa has the biggest reserves and the highest grades of chrome ore in the world, there was significant interest from foreign investors in setting up mines and smelters..

“Chrome was probably a lot more overbuilt than most of the other minerals. To increase copper, lead or zinc takes a lot of work – it’s not easy to find good deposits of those metals. But chrome is easy to get – it’s shallow, and it’s high grade, so you could get a truck and a loader, and a screening plant, and you are mining chrome. And ferrochrome isn’t too complex,” says Major.

Obviously the complexity of mining is also reliant on the orebody deposit, and, if it outcrops on the surface, it will be more cost effective than mining underground, which requires the sinking of shafts. However, contractors can easily be hired to do the actual mining, and so, if a company has a mining licence, it can mine the deposit.

On the other hand, the sustainability of simply mining opencast is questioned, and while, perhaps, more cost effective, is viewed as a short-term approach to mining.

“I think it was just a very easy metal to increase production of and, now that the world has gone into the worst economic slump since the depression, we have an overcapacity of everything, including oil. But we probably had the most overcapacity in ferrochrome,” says Major.

A number of emerging miners have found chrome-mining an appealing additional revenue stream to operations in the Bushveld Complex.

Aim-listed Chromex Mining is mining chrome at the 32-million-ton Stellite mine, on the western limb of the Bushveld Complex, and notes that an amendment to the company’s licence to extract gold and platinum from the resource will add to the project’s “already robust economics,” says CEO Russell Lamming.

Jubilee Platinum recently notified the market that, while exploring for platinum, the com- pany would also continue evaluating producing chrome ore. “It will be at least six months before we contemplate building process plants and associated infrastructure. Hopefully, the chrome climate will be improving by then,” Jubillee CEO Colin Bird tells Mining Weekly.

Another ASX- and Aim-listed junior miner finding chrome ore a sweetener to its operations is platinum and chrome-from-tailings producer Sylvania Resources.

In fact, the company says it is fast-tracking the development of its new Doornbosch and Tweefontein chrome and platinum recovery plants. Sylvania uses feed from Samancor’s tailings dams to maintain production, and has managed to continue production despite Samancor’s cutbacks in mining.

JOBS CONTINUALLY REVIEWED

Despite the significant drop in production, ferrochrome-producing companies, at the time of going to print, had not retrenched any permanent employees.

There are, however, thousands of contract workers who have had their employment terminated, until production picks up again. Many companies are also encouraging early retirement, where appropriate.

In mid-March, Samancor said that it was preparing to retrench workers, and section 189 notices have been sent to labour unions. Of the company’s 4 800 employees, not more than 900 would be considered for retrenchment, and, at this stage, the consultation process is under way with unions, seeking to reduce that number.

The Xstrata-Merafe JV indicated that it would stick to its policy of not retrenching any of its 6 000 permanent workers through the implementation of a ‘cash-burn avoidance’ strategy. The company was taking the time to further train and upskill its workforce.

Official comment from Xstrata is that “if this situation of uncertainty about the future persists, the company may be forced to consider retrenchments”.

Hernic Ferrochrome has not retrenched any workers, but “the issue will be reconsidered depending on the market”.

London-listed IFM also says it has not retrenched any permanent staff, but has terminated contract staff engagements. The company adds that plant maintenance and upgrades are being done during this shutdown period.

Steenkamp explains that Arm is in discussions with its contract mining company and will be reverting to an owner-operator mining model – something the company has been considering since early 2008. By operating the mine itself, the company will require less labour.

“In November last year, we put a moratorium on hiring any new staff, and have been looking at opportunities for people to go on early retirement. We have given notice to two of the bigger contractors, and all temporary contracts have been terminated. We have quite a lot of people on short-term contracts so that we can try to protect our permanent employees,” adds Steenkamp.

WISHFUL THINKING

Consensus among the industry experts interviewed by Mining Weekly indicates that the light at the end of the ferrochrome tunnel will shine after the third or, perhaps, the fourth quarter of the 2009 calendar year.

“I don’t think [ferrochrome producers] see the light at the end of the tunnel yet – if they could, they would already be cranking up production. But I think they are hoping to see light in the third quarter – but I think it is wishful thinking,” says Major.

He further quips: “Logic says it should bottom out by the third quarter, and that the harder and faster you go down, the sooner you bottom out, and, boy, things did fall really hard and fast, so I think that’s a fair guess – that things could improve after the third quarter. Yes, I think things would definitely be stabilised by the third quarter.

“It is believed that by the end of the third quarter, stocks should be back to a level that is acceptable. The recovery thereafter is based on the recovery of the whole world. And then we are going to get back to the same situation where there is a shortage, because there has been no expansion in the industry,” comments Elliot.

“The sharp contraction of ferrochrome production indicates that ferrochrome inventories could normalise towards the end of calendar 2009,” notes IFM.

“Recovery is based on a lot of market dynamics and fundamentals, and it’s all hinged on the global economy, in terms of credit, capital, uncertainty and, possibly, over- reaction as well. But the general view, and our plans, and the way we look at them are that we do not see any major turnaround before at least the fourth quarter of this financial year. And that might even be optimistic,” says Steenkamp.

Edited by: Creamer Media Reporter

[Fantomas96]

Neben "Funkstille" an der Bohrergebnisfront und vom Management allgemein vielleicht ein kleiner Lichtblick (zumindest im "Informationssektor") auf eine Email-Anfrage einer Privatinvestorin:


Thank you for your request. Please rest assured that information on the company will be forthcoming. This information will be material and it will be within the disclosure guidelines of the TSX.

Furthermore, we would like to reassure you and all of our investors, that the current Board of Directors is operating at the highest standards of Corporate Governance. The Board itself is composed of 2 chartered accountants, a retired securities lawyer, two geologists, a chartered financial analyst, a long time employee of a North American Exchange, a graduate of the Institute of Corporate Directors and two members of the same Institute. As a whole the Board has numerous University degrees and Professional designations, exceptional experience in global mining and mineral exploration, international capital markets experience and most importantly regulatory prudence.

As to Noront’s Eagle One nickel deposit, it is high grade and exploration is ongoing. Our Blackbird Chromite discoveries appear to world class in size and grade and our current exploration program is designed to prove this as fact. We have numerous other targets in addition to extensions to known mineralization. We are the largest company operating in the Ring of Fire, we have the largest exploration budget, we have the largest strike extent of ultramafic sill on our claims, we are one-year ahead of any of our competitors, and we have four drills turning now. News from these programs will be released when they are compiled and material to the operation of the projects and your company.

Noront had the most significant Canadian discoveries in 2007 and 2008 and now continues its exploration programs with a strong Board of Directors in place, a firm balance sheet, and an excellent exploration team. We expect that we will have further discoveries to report on in the near future and hopefully these discoveries will affect our share price in a positive manner.

Noront’s does not ignore any of our shareholders, in fact we encourage you to contact us through our website or through Joanne Jobin who is reachable at the number provided below. Please feel free to forward this correspondence to any of your colleagues who may share your concerns or have them contact us directly.


Best regards

Noront Resources

T 416 238 7226
E [e-mail]
W www.norontresources.com

[Fantomas96]

Interessante Auschschnitte aus dem aktuellen MD&A (s. SEDAR):


"After a careful review, the Company believes that continued exploration in the Ring of Fire provides a higher probability of adding value to the Company than comparative expenditures at Windfall Lake. (Seems to be a bit of a conciliatory comment. Far less aggressive than "there's nothing there".)

Up to four drills have been working during the reporting period in the vicinity of the Eagle and Blackbird deposits, and a fifth drill is active in the northwestern part of the claim groups.

In the third quarter the Company released further results from drilling the vicinity of the Eagle One deposit. Drill hole NOT-08-44 intercepted massive and disseminated nickel sulphide mineralization about 70 metres below any previous drill intersection. This hole returned an average of 4.21% nickel in addition to 2.14% copper with 6.65 g/t PGM over 28.8 metres. A further 10 holes drilled in the area, mostly to the south of known mineralization failed to intersect any significant grades of nickel or copper.

The Eagle Two deposit continues to be encountered during drilling at the Blackbird chromite deposits. This “layer” of nickel-copper mineralization sits stratigraphically below the chromite deposits and is frequently intersected during chromite drilling programs. The Eagle Two deposit does not appear to be a viable stand-alone nickel resource, but can probably be considered as a supplemental resource to Eagle One should the chromite deposits be extracted at any point in the future.

The largest impact to the Company’s cash position in the quarter was the reduction in Accounts Payable from $11.4 million at the end of the second quarter to less than $2.8 million at the end of the current quarter as the Company moved to reduce its outstanding period for payables to less than 60 days.

A total of $4,175,017 was spent in the third quarter on Mining Properties and deferred exploration expenditures, down significantly from the $19,390,622 recorded in the second quarter. Continued drilling and exploration both at the McFaulds Lake Project and in the Ring of Fire area was the primary use of cash over the quarter.

(Hmmm. If you marry up these two reports, then the figures seem to give a different picture. It seems they wanted to book as much expense as possible into the last quarter (old management responsibility), but if they had carried the same payables across both quarters, the quarterly expenses would look very different indeed. The net reduction in payables was $8.6 million. Adjusting the second set of figures by those amounts yields Q2 expenses of $10.8 MM, and Q3 at $12.8 MM. Note the apparent contradiction in the two following passages. They may be talking about year-on-year changes, or consecutive quarter.....hard to say.)

Expenses quarter-overquarter have started to decline as these cost containment measures are implemented.

In order to administer, fund and support the level of activity required for the current large exploration programs has required a significant investment in management, infrastructure and general operations. As such, expense categories in all areas have increased over comparative quarters.

The Company has announced that it intends to increase its land position, where appropriate, and staking continues around the “Ring of Fire”.

As of March 31, 2009, the previously reported option agreements between the Company and each of Intrinsic Minerals Ltd., Lund Gold, Southampton Ventures Inc. and Hawk Uranium Inc. respectively, have been terminated. (The two Intrinsic JVs are dead? Well, that's news.)

The Company is awaiting a final internal report for Windfall Lake. This report should be completed in sufficient time to allow the Company to review the carrying value of Windfall Lake in conjunction with the year-end audit. (Final public report by end of fiscal year, i.e. within three months?)

In order to accelerate exploration of Noront’s large land holdings in the Ring of Fire area the company has optioned some of its claims to third parties. Noront management believes that due to the sheer size of its land holdings it would be unable to commit resources to all areas on a priority basis. All of these transactions are at arm’s length. Noront remains the operator of these projects and will, even upon successful earn-in by these third parties, hold at least a 50% interest.

In addition to the equity financing of its operations during fiscal 2009, the Company has also chosen to enter into a number of joint venture agreements in relation to its properties. These option agreements provide additional financial resources and provide the benefit of adding the resources of other entities to the overall exploration effort. (It appears the Company is changing its tune about the value of JV exploration agreements.)

The ability of the Company to develop its existing assets into commercial and profitable operations, however, will require participation by outside parties for capital or will require additional financing from other outside sources." (Commercial and profitable? Sounds like they want to be a party to development.)



FANTOMAS

[Fantomas96]

Windfall ist vielleicht doch noch nicht ganz "tot", denn Murgor und Freewest wollen im Sommer selbst nochmal "nachschauen, ob wirklich kein Gold da ist" (ökonomisch gesehen) (s. MGR MD&A):


The section below is from Murgor's MD&A Sedar posted on Stockwatch March 31.

THE WINDFALL GOLD PROPERTY:

The Windfall property is located approximately 100 km east of the town of Lebel-Sur-Quevillon and 180 km southwest of the town of Chibougamau in the Province of Quebec. The property which consists of 213 claims and covers 8,995 ha, is held jointly by Murgor and Freewest Resources Canada Inc.

On February 5th, 2007, Murgor and Freewest optioned 29 claims of the property to Noront Resources Inc. to explore and develop the Windfall property. Murgor and Freewest retain a 100% interest in 184 claims of the Windfall property including the NE extension of the gold bearing structures.

Under the terms of the agreement, Noront issued a total of 375,000 common shares of Noront to Murgor and will incur exploration expenditures estimated at $4 million, in order to earn a participating interest of 50% in the claims.

Noront may earn an additional 10% participating interest by providing a positive feasibility study. If Noront fulfills its obligations, Murgor will retain a 20%-25% interest in the Windfall property.

Windfall Noront Option:

The objective of Noront’s exploration work at the Windfall option is to test and sample gold zones F-11 and F-17, previously discovered by Murgor, with an underground exploration ramp that would start on the newly optioned ground.

The ramp will also provide access to a number of deeper mineralized zones on the Noront property.

On September 24, 2008, Noront advised Murgor that it had completed Phase 1 of its underground exploration program at Windfall and that it had earned its 50% interest in the 29 claim option.

On October 21, 2008, Noront reported the following results:

The underground program on the Murgor-Freewest option consisted of a ramp portal and 1,119 meters of the ramp, access and exploration drifts.

The underground program at the Windfall Lake property to date has included 55 meters of exploration drifts in mineralization and waste on the F-11 zone, and 102 meters of exploration drifts in the F-17 zone. Sampling of the gold zones has consisted of muck, dump and chip sampling of each nominal 4.0m x 4.0m x 3.5m blasted round. Visible gold was observed in all 3 zones on joints and fractures running in many different directions.

Considerable dilution in the muck sampling is experienced as the 4.0 meter-wide round exceeds likely minimum mining widths experienced during actual mining for production. Hence the average gold grades being stated below for the muck samples may well be lower than those possible in a mining environment employing strict grade controls.

In the F-11 zone, at a vertical depth of 50 meters, the gold zone was exposed for a total horizontal length of 32.5 meters before it wandered into the drift walls. Average grades from the muck samples was 3.95 g/t gold over the exposed zone's length.

The F-11 zone follows a lithologic contact zone causing a more consistent distribution of the gold values.

In the F-17 zone, at a vertical depth of 55 meters, the zone was exposed along the total 102 meter length of the horizontal drift. A 20 meter length along this zone averaged 2.34 g/t from the muck sampling.

At F-17 the zone is fault bounded resulting in a more erratic distribution of the gold values with significant waste inclusions in the zone.

FUTURE EXPLORATION WORK:

In early 2009, Murgor carried out a review if its exploration data at the Windfall property in light of a new interpretation of the mineralization in the area. Murgor has identified several high priority exploration targets at Windfall, combining structural and geochemical traps for gold mineralization along the structure where a drill hole intersected 52.0 oz/ton gold over a 4.8 meter interval less than 200 meters south of Murgor’s property boundary.

Murgor is planning an exploration program with its joint venture partners Freewest Resources Canada Inc. at the Windfall Gold Property during the summer of 2009.

The Company also continues to monitor Noront Resources’ exploration work on the Windfall-Noront option.


FANTOMAS