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Noront Resources Ltd.

Publié le 19 mars 2008

Near Surface High Grade Drill Hole at Windfall Lake

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March 19, 2008

Noront Resources - Press Release

 


Noront Resources Ltd.: Near Surface High Grade Drill Hole at Windfall Lake

 

 

 

TORONTO, ONTARIO - (March 19, 2008) - Noront Resources Ltd. "Noront" (TSX VENTURE: NOT) is pleased to announce a further significant diamond drill intersection from the Company's Windfall Lake Property situated in Urban Township in the Abitibi Region of Quebec.

Hole NOT-07-175 was one of 15 holes (221.85 m) drilled in conjunction with crown pillar and hydrogeological studies required by provincial regulations that deal with underground work in the vicinity of water bodies.
Following completion of geotechnical studies the core from these holes was returned to Noront for geological evaluation and the mineralized sections were then sampled and submitted. No significant assays were reported in the remaining 14 holes.

NOT-07-175 (9+62 mW, 9+95 mN, azimuth 0 degrees, dip -90 degrees, NQ size) was completed to 16.76 m returning the following significant interval. True width of this interval is unknown at this time..



Patrick Chance, the QP, observed finely divided native gold at several locations in the higher grade intervals in amounts and grain sizes that are consistent with analytical data reported by Bourlamaque Assay Laboratory. The intersection confirms the extension of Murgor's F-17 zone towards surface. An exploration drift will enter this zone at about 60 m below surface during 2008.

Noront proposes to complete several short surface holes to confirm and better define the extent of high grade mineralization in the vicinity of NOT-07-175.

The hole was drilled on the portion of the property held under option from Murgor Resources Inc. (TSX VENTURE: MUG) and Freewest Resources Canada Inc. (TSX VENTURE: FWR) (see Noront press release of Feb 5, 2007).

The Company anticipates that Monterie Expert, the Company's underground contractor, will take the first ramp round by the end of the week of 17 March. Monterie Expert is currently installing surface plant and facilities and plans to complete mobilization of heavy equipment in advance of the annual highway load limit season.

Noront expects to complete Phase 1 of the underground programme before the end of 2008. This phase will enter the F-11, F-17 and NOT-06-100 areas up to 100 m below surface.

Hole NOT-07-175 was one of 15 holes (221.85 m) drilled in support of geotechnical and hydrological studies by Forage Abitibi under the supervision of Qualitas Monterval, "Monterval", a geotechnical subcontractor. The core was processed offsite by Monterval and subsequently returned to Noront's custody at which time mineralized intervals were selected for assay by an experienced geological technician employed by Noront. This hole was not drilled according to prescribed Noront protocols, as it was drilled to satisfy provincial regulations, however Patrick Chance, the company's QP on the project is satisfied that the integrity of the data has not been comprised in any way.

Samples are taken from (NQ) diamond drill core which is sawed in half, packaged and delivered to Bourlamaque Assay Laboratory for analysis. The remaining half core is stored in a secure location for future reference and further testing. All samples are assayed using a 30-gram fire assay charge with an atomic absorption finish (for which the upper detection limit is 10 g/t). Samples reporting greater than 2 g/t are re-assayed in duplicate using aliquots of the original pulp and of an additional split of the coarse rejects. The re-assay method also comprises a 30 g charge but employs a gravimetric finish.

Noront designates samples in batches of 20. The assay laboratory reports its internal standards, and blanks and duplicates. The Bourlamaque Assay Lab holds a certificate of laboratory proficiency for the analysis of gold issued under the Proficiency Testing Program for Mineral Analysis Laboratories which is administered by CANMET.

Gold assays are reported to the company in parts per million (ppm) and reported publicly by the company in grams per tonne (1 ppm equals 1 gram per tonne). Conversions to ounces per ton (oz/ton) on the tables above employ a factor of 34.2857 grams per tonne equaling 1 troy ounce per short ton. Lengths are reported in meters and are converted to feet by dividing by 0.3048 m/ft (1 foot equals 0.3048 m).

One of the qualified persons responsible for overseeing and reviewing the technical data on the Windfall Lake project is Patrick Chance P.Eng. The technical information prepared for disclosure in this Noront news release has been approved by Mr. Chance.

The diamond drill program was completed in an orderly fashion as determined by the Company's geological team including Tracy Armstrong, P.Geo., (a qualified geologist in the Province of Quebec) of P & E Mining Consultants Inc.
Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 125,377,082 shares issued to date.

Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to NOT@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS:

R. Nemis, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Noront Resources Ltd.
Richard Nemis
President and Chief Executive Officer
(416) 864-1456
Fax: (416) 367-5444
Email: info@norontresources.com
Website: http://www.norontresources.com

 

 

 

 

 

FEATURED LINKS

Noront Resources Web Site

Noront Resources IR HUB

 

 

 

 

 






Noront Resources Ltd.

EXPLORATEUR
CODE : NOT.V
ISIN : CA65626P1018
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Noront Res. est une société d’exploration minière d'or et de cuivre basée au Canada.

Noront Res. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont HUNTERS POINT, BLACKBIRD PROJECTS, WINDFALL LAKE et DOUBLE EAGLE au Canada.

Noront Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 335,4 millions CA$ (268,2 millions US$, 234,9 millions €).

La valeur de son action a atteint son plus bas niveau récent le 27 décembre 2002 à 0,01 CA$, et son plus haut niveau récent le 29 février 2008 à 7,42 CA$.

Noront Res. possède 306 320 000 actions en circulation.

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Présentations des Compagnies de Noront Resources Ltd.
19/09/2007Broker Presentation
Dans les médias de Noront Resources Ltd.
01/07/2018Noront Resources seeks exploration partner
Rapports annuels de Noront Resources Ltd.
2008 Annual Report
Financements de Noront Resources Ltd.
11/11/2008(Mcfaulds Lake (eagle's Nest))Update and Flow-Through Financing
15/04/2008Announces Exercise of Warrants
07/02/2008 Announces Closing of Private Placement
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24/09/2013Announces Appointment of President and CEO
22/03/2013Announces Changes to Board of Directors
21/01/2013Announces Appointment of Interim Chief Executive Officer
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26/02/2009(Mcfaulds Lake (eagle's Nest))Exploration and Development Update
23/01/2009(Mcfaulds Lake (eagle's Nest))Encounters More Nickel At Eagle One
10/11/2008(Mcfaulds Lake (eagle's Nest))Eagle One Deposit Intersects 28.5 Meters of New Copper-Nicke...
23/09/2008(Mcfaulds Lake (eagle's Nest))ontinues to Outline World Class Chromite Mineralization at B...
04/07/2008(angl) CORRECTION FROM SOURCE: Clarification for High Grade ...
26/06/2008(Windfall Lake)Windfall Project Underground Exploration Update
03/06/2008(Mcfaulds Lake (eagle's Nest))Enter Discussion Regarding McFaulds Lake Area
09/05/2008(Double Eagle)Receives Analytical Results Eagle One Deposit
25/04/2008(Double Eagle)Double Eagle Update
02/04/2008(Double Eagle)Double eagle update
19/03/2008(Windfall Lake)Near Surface High Grade Drill Hole at Windfall Lake
28/01/2008(Double Eagle)Highest Grade Hole to Date Encountered at Eagle One
03/01/2008Most Recent Assays Continue to Return High Grade Mineralizat...
21/12/2007(Double Eagle)Provides Double Eagle Update
14/12/2007(Double Eagle)Provides Project Update
07/12/2007(Windfall Lake)Windfall Lake Gold Project Update
01/11/2007(Windfall Lake)More Hi-Grade Gold at Windfall Lake
28/09/2007(Windfall Lake)Windfall Lake Underground Ramp to Start
23/07/2007El Verde Project, Mexico
19/07/2007(Windfall Lake)Windfall Lake Property
03/05/2007(Windfall Lake)WINDFALL LAKE PROJECT, URBAN TOWNSHIP, QUEBEC
06/02/2007(Windfall Lake)OPTIONS MURGOR/FREEWEST PROJECT WINDFALL LAKE AREA, QUEBEC
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