Double Eagle Project, Ontario Canada
"Ring of Fire"
Claim Map - as of Mar. 20, 2008
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"Ring of Fire"
Magnetic Contour Map
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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. |
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Nov. 9, 2007 (PDF):
Double Eagle Drill Plan
Jan. 28, 2008 (PDF):
Double Eagle Assay Summary |
Note 1:
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
Note 2: Results are not true widths. |
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This page updated
July 05, 2008 |
