Toronto, Ontario, December 2, 2011. Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) has released the Notice of Commencement of Terms of Reference.
Noront is continuing with its work for the Environmental Assessment for the Eagle’s Nest Mine Project in northwest Ontario. Since 2009, Environmental Baseline studies have been conducted around the mineral deposit, at infrastructure sites, and along the access corridor. Noront has also been advancing the engineering of the mine and infrastructure since 2009, incorporating means to protect the environment and support sustainable development.
Draft Terms of Reference (TOR) for the Eagle’s Nest Mine project have been prepared by Noront in compliance with Ontario Ministry of the Environment (MOE) requirements. The draft TOR is available for review by the public, and copies can be down loaded at www.norontresources.com or www.eaglesnestmine.com
The Federal government’s Environmental Assessment process has advanced and a draft Environmental Impact Statement Guidelines for the Eagle’s Nest Mine Project has also been released for public review. A copy of the Draft Eagles Nest Environmental Impact Guidelines can be downloaded from CEAA’s website www.ceaa.gc.ca, www.norontresources.com or www.eaglesnestmine.com.
These two Notices begin the public involvement in the regulated processes for the Federal and Provincial government reviews of the project. These articles are available for public review on our website and additional project information is provided at www.eaglesnestmine.com. Noront has produced project reports and summary documents (including copies in Oji-Cree) to the general public and the local First Nation communities. Noront is committed to providing all relevant project information through public documents, open houses, websites, and community meetings through the consultation program. Additional information or clarifications can also be requested via email at firstname.lastname@example.org
Noront’s President and CEO Mr. Wes Hanson commented, “This is an important first step in the project development and permitting for the Eagle’s Nest Mine. We are committed to responsible development and we look forward to receiving comments from the public. We believe public comments are an important part of the process and will greatly assist us in the refinement of the project for the benefit of all stakeholders”
About Noront: Noront Resources Ltd. is focused on developing the high-grade Eagle’s Nest nickel-copper- platinum-palladium deposit, the exploration and development of the Blackbird chromite discovery and regional exploration for additional mineral deposits within its large, highly prospective land position in an area known as the “Ring of Fire”, an emerging multi-metals camp located in the James Bay Lowlands of Ontario, Canada.
For further information please contact Wes Hanson, President and CEO at (416) 367-1444, access the Company’s website at www.norontresources.com or search the Company’s publically filed documents at www.sedar.com.
Wesley (Wes) Hanson
President & Chief Executive Officer
FORWARD LOOKING STATEMENTS
This release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion, growth of the Company’s businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies.
Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “planning”, “planned”, “expects” or “looking forward”, “does not expect”, “continues”, “scheduled”, “estimates”, “forecasts”, “intends”, “potential”, “anticipates”, “does not anticipate”, or “belief”, or describes a “goal”, or variation of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.
Forward-looking statements are based on a number of material factors and assumptions, including, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of gold; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Company’s publicly filed documents. Although Noront has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.