Since 2002, the Ring of Fire has shown promise of being one of the most significant base metal camps in recent history, with the discovery of 8 deposits containing calculated resources and/or reserves, and over 70 mineral occurrences of various commodities. Noront continues to believe that we have only just begun the discovery curve in the Ring of Fire.
Our exploration mission is to add shareholder value through the addition of top-tier nickel-copper-PGE, copper-zinc and gold assets to our resource base which will ultimately feed a pipeline of development projects in the Ring of Fire upon construction of the Eagle’s Nest mine. Our exploration focus is, and remains, within the Ring of Fire.
Noront’s exploration targeting focuses on three commodity groups:
- Represents the highest value per tonne mineralization in the Ring of Fire
- 20Mt global resource at Eagle’s Nest demonstrates that robust Ni-Cu-PGE mineralizing systems can occur in the Ring of Fire
- Large volume of ultramafic rocks in the Ring of Fire favors dynamic, flow-through intrusive model with small footprints to potentially mineralized feeder conduits (hard to find, but worth the search)
- Future demand for battery metals presents a compelling business case for continued exploration
- Presence of VMS mineralization in the north (5.01), south (McFaulds) and west (Butler) of the Ring of Fire indicate widespread contemporaneous mineralization within the favorable Muketei geological assemblage
- VMS basins tend to have clusters of Cu-Zn lenses, not all of which have surface expressions (e.g. No.8 lens at McFaulds). Understanding the geology/alteration pattens within each basin drastically improves the chances of discovery
- The Ring of Fire posses several major structures with km-scale offsets providing pathways for ascending fluids. The presence of younger sedimentary basins juxtaposed against older supracrustal rocks along some of these major structures is analogous to the structural setting of gold camps in the Abitibi subprovince
- There is evidence for multiple deformation events in proximity to iron-rich reactive host rocks (e.g. ferrogabbro, iron-formation, ultramafics) which have yet to be tested for gold mineralization.
- Early examples of gold fertility within the belt have been shown with the accidental discovery of gold along the Triple-J fault and elsewhere, while drilling for base metals
- The challenge of exploring for gold has, until now, hindered explorers from mounting serious gold-focussed campaigns. Noront’s early adopter status has allowed us to stake the most prospective ground in the Ring of Fire for gold exploration