McFauld's Lake Project
Jeremy Niemi, Vice President, Geology for Noront Resources is the qualified person who prepared or supervised the preparation of the scientific and technical information disclosed herein.
Eagle's Nest
Summary
Eagle One, located in the James Bay Lowlands of northern Ontario, was discovered in August 2007. The Eagle One Ni-Cu-PGE deposit is comprised of a massive sulphide core containing high-grade Ni-Cu-PGE values, surrounded by lower grade net-textured sulphides. The large amounts of sulphide and ultramafic cumulate make it clear that it formed in a magmatic conduit which is likely continuous over considerable distances, (likely measurable in kilometres).
Diamond drilling has shown that the deposit is surrounded on all sides by older felsic intrusive rocks at surface, and 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 western margin has been extensively modified by faulting, it is fundamentally an intrusive contact that is preserved in situ and there is no immediate indication of a structural termination of the mineralization.