In 2020 Noront will commission an independent NI 43-101 compliant maiden resource estimate for the McFaulds No. 8 deposit, as well as resource updates for the McFaulds No. 1 and No. 3 deposits. This report will incorporate data from seventeen new drill holes totaling more than 8,100 meters as well as results from numerous airborne, ground and borehole geophysical surveys completed by Noront since 2017. It is anticipated the report will be completed and filed with regulators in Q2 2020.
Noront has completed a thorough compilation and review of its Ni-Cu-PGE targets throughout the ROF. The exercise has identified and ranked 79 targets in the region, most of which remain untested. As a result of this work, in winter 2020 Noront staked the Victory property targeting komatiite hosted nickel sulfide.
Noront continues to solicit interest in partnering on our gold focused properties. In late 2017, after an extensive compilation program, the company staked a large number of gold targets in the ROF and is now actively seeking an industry partner to advance these early stage properties. Numerous parties have expressed an interest in the gold potential in the ROF.