Noront Resources Ltd. (TSX
Venture: NOT) is a Toronto-based exploration-stage junior
resource company engaged in the acquisition, exploration and
development of base and precious metals properties.
The Company is focused on its significant
nickel-copper-platinum-palladium discovery at the
Double Eagle project in Ontario, Canada
and its
Windfall Lake advanced gold project in Quebec, Canada.
Noront is well funded to continue its exploration activities
well into 2008. As of November 20, 2007, Noront had 118,354,582
shares outstanding with no debt.
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Double Eagle Project |
"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 platinum 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.
This discovery is the highest
grade grassroots discovery since Voisey's Bay. |
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Windfall Lake Project |
| Noront received approval for its underground
ramp in early December 2007. Noront will initiate construction
in early 2008. The ramp will allow the company to bulk sample
its high grade gold zones, including the extremely rich zone
with up to 52 ounces per ton of gold over 4.6 metres. |
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