Toronto, Ontario, July 6, 2009. Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) is pleased to announce assay results from 30 diamond drill holes recently completed on its Blackbird One and Two chromite deposits, located in McFaulds Lake in the James Bay Lowlands. A total of 92 holes (25,477 metres) were drilled at during the most recent drill program and drill operations were completed in June 2009.
Selected Assay Highlights
- NOT 09 1G 124 intersected 43.51% Cr2O3 with a chrome to iron ratio of 2.17 over a 15.7 metre interval
- NOT 09 1G 135 intersected 39.84% Cr2O3 with a chrome to iron ratio of 2.12 over a 30.6 metre interval
- NOT 09 1G 136 intersected 39.64% Cr2O3 with a chrome to iron ratio of 2.06 over a 24.6 metre interval
- NOT 09 1G 139 intersected 41.13% Cr2O3 with a chrome to iron ratio of 2.05 over a 19.9 metre interval
- NOT 09 1G 142 intersected 40.14% Cr2O3 with a chrome to iron ratio of 2.19 over a 6.1 metre interval
Results have now been received for 62 of the 92 holes completed at the Blackbird chromite deposits. Results from the remaining 30 holes will be released as soon as they are compiled.
As announced in our Press Release dated June 29, 2009 http://www.norontresources.com/News/getDocument/notpr-2009.06.29.pdf/147 . Noront has contracted Micon International to complete an initial resource estimate for the Blackbird One and Blackbird Two deposits. This estimate is expected to be completed in the fourth quarter of 2009.
Wes Hanson, President and CEO notes: “The latest drill results continue to demonstrate chromite grades and chrome to iron ratios that meet current market specifications. More importantly, portions of the Blackbird deposits may be able to meet said specifications without requiring processing. We are looking forward with great anticipation to publishing Canada’s first chromite resource estimate which will be a vital component in procuring international chromite markets.”
The table on the following page provides select assay results for the 30 holes for which results have been received to date.
The intervals sampled and reported by Noront include both massive chromite and zones of intercalated beds of chromitite and heavily disseminated chromite hosted by talc-altered dunite and peridotite. In some cases, lower grade intervals in the table below are comprised of numerous, higher quality chromite bands measuring several centimetres to metres in length. These intercalated intervals are readily upgradeable to the same quality as the massive chromite units with minimal mechanical processing.
For a complete table of assayed intervals for all thirty holes being reported in this press release, please proceed to Noront’s website by following the link: http://norontresources.com/find/id/13/$c
|Hole ID||From (metres)||To (metres)||Interval (metres)||Cr203||Cr:Fe||Description|
|NOT-09-1G-107||No Significant Values|
|NOT-09-1G-108||112.60||115.00||2.40||22.42||1.21||Intercalated chromite beds|
|NOT-09-1G-111||No Significant Values|
|NOT-09-1G-113||21.61||25.37||3.76||18.87||1.14||Intercalated chromite beds|
|NOT-09-1G-115||154.5||169.65||15.15||39.47||1.72||Largely massive chromite|
|NOT-09-1G-116||No Significant Values|
|NOT-09-1G-122||215.71||224.70||8.99||21.59||1.48||Largely massive chromite|
|NOT-09-1G-124||74.67||90.38||15.71||43.51||2.17||Largely massive chromite|
|NOT-09-1G-129||95.00||114.61||19.61||17.08||1.39||Intercalated chromite beds|
|NOT-09-1G-132||206.15||245.06||38.91||18.22||1.26||Intercalated chromite beds|
|NOT-09-1G-133||No Significant Values|
|NOT-09-1G-135||145.25||175.83||30.58||39.84||2.12||Largely massive chromite|
|NOT-09-1G-136||173.44||198.00||24.56||39.64||2.06||Largely massive chromite|
|NOT-09-1G-137||44.86||76.23||31.37||31.78||1.73||Greater than 25% chromite|
|NOT-09-1G-138||159.47||164.18||4.71||41.82||2.22||Largely massive chromite|
|NOT-09-1G-139||110.47||130.34||19.87||41.13||2.05||Largely massive chromite|
|NOT-09-1G-140||58.83||72.48||13.65||29.33||1.73||Greater than 25% chromite|
|NOT-09-1G-142||305.56||311.61||6.05||40.14||2.19||Largely massive chromite|
|NOT-09-1G-143||No Significant Values|
|NOT-09-1G-144||No Significant Values|
|NOT-09-1G-145||No Significant Values|
|NOT-09-1G-147||No Significant Values|
|NOT-09-1G-148||45.09||52.74||7.65||42.90||2.27||Largely massive chromite|
|NOT-09-1G-152||No Significant Values|
|NOT-09-1G-161||41.52||47.62||6.10||38.45||1.86||Largely massive chromite|
|NOT-09-1G-164||No Significant Values|
|NOT-09-1G-165||No Significant Values|
2009 Drill Program
Noront directed a significant portion of its 2008 – 2009 exploration budget towards detailed drilling of the Blackbird One and Two chromite deposits. A total of 92 holes (25,477 metres) were completed bringing the total drilling at the Blackbird deposits to 154 holes (52,344 metres). The Blackbird deposits have been drill tested along a 1,400 metre strike length with holes spaced on a nominal 50 metre by 50 metre pattern to a depth of approximately 200 metres.
Noront is currently in the process of drilling deep, Bore Hole Electromagnetic (BHEM) platform holes at Eagle One. The company’s initial BHEM platform hole, NOT-09-049, intersected significant massive sulphide mineralization which was disclosed in our June 29, 2009 Press Release http://www.norontresources.com/News/getDocument/notpr-2009.06.29.pdf/147 .The company believes this hole was drilled down dip of the Eagle One mineralized structure.
Noront’s Chief Operating Officer, John Harvey notes, “in view of the impressive mineralization intersected by NOT-09-049; we are evaluating options for additional drilling at Eagle One to test the newly discovered mineralization at depth below the Eagle One resource limit. An additional drill may be mobilized to Eagle One to speed up the drilling process. We are also considering upgrading our current drill fleet to allow us to drill deeper along the interpreted conduit at Eagle One.”
Noront is currently operating three drills within the McFaulds Lake area. One drill is completing a second, deep BHEM platform hole at Eagle One, the second drill is working at AT-12, and the third drill is operating on Noront’s northern claim area where coincident airborne MAG and EM anomalies are being targeted. All drilling currently underway is focused on testing for additional base metal targets.
This press release has been reviewed and approved for dissemination by Noront’s senior management including Chief Geologist Jim Mungall Ph.D., P.Geo.; Exploration Manager Jim Atkinson M.Sc., P.Geo.; and Chief Operating Officer John Harvey, P.Eng. all being Qualified Persons under Canadian Securities guidelines.
Quality Assurance and Quality Control
All holes drilled are systematically logged and then sampled. Samples are shipped regularly to Actlabs in Thunder Bay, Ontario for sample preparation and initial analysis (TD-ICP) following strict chain of custody procedures. All chromite samples are analysed by fusion X-ray fluorescence (XRF). Individual samples are melted with borate fluxes producing a glass bead, which is then irradiated with X-rays. The X-ray emissions allow the composition of the sample to be determined to a high degree of accuracy. For more information on Actlabs analytical procedures please visit Actlabs website at: http://www.actlabs.com
Noront also employs an internal QA/QC program where each batch of 35 samples includes one blank, two internationally certified reference materials (ICRMs; also known as standards), one quarter-sawn field duplicate, a coarse reject duplicate, and a pulp duplicate. The pass/fail criteria for the Cr standard are the same as for the previously reported INAA analytical method. In particular, if measured concentrations in standards differ from accepted values by more than two standard deviations of the method as determined by numerous INAA repeats on the standards at Actlabs, the entire batch fails and is re-analysed. Noront’s QA/QC program is supervised by Tracy Armstrong, P.Geo, of P&E Mining Consultants Inc.
Noront Resources is focused on its significant and multiple, high-grade nickel-copper-platinum-palladium, chromite and vanadium discoveries in an area known as the “Ring of Fire”, an emerging multi-metals district located in the James Bay Lowlands of Ontario, Canada. Noront is the dominant land holder at the Ring of Fire and continues to delineate and prove up its discoveries with NI 43-101 technical and economic reports and an aggressive drill plan for 2009.
For further information please contact the Investor Relations Department at (416) 238 7226, or visit Noront’s website at: http://www.norontresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS:
“Wesley (Wes) C. Hanson
President & Chief Executive Officer”