Noront had Great Drill Results issued today and the market reacted
"Five holes intersecting the Eagle's Nest mineralization are being reported herein. All five of the holes exhibit significant assay results including intersections of massive mineralization. The Company notes that Hole NOT-09-070-W1 intersected unusually high platinum grades within the massive sulphide mineralization. "
ASSAY HIGHLIGHTS:
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- Hole No.NOT-09-070-W1 intersected 22.8 metres averaging 4.41% Ni,
2.38% Cu, 28.07gpt Pt and 7.95gpt Pd
- Including 8.4 metres averaging 1.19% Ni, 1.46% Cu, 68.78gpt Pt
and 7.55gpt Pd
- Also including 8.0 metres averaging 7.41% Ni, 2.19% Cu, 0.18gpt Pt
and 9.33gpt Pd
- Hole No.NOT-09-068-W1 intersected 135.2 metres averaging 1.65% Ni,
0.8% Cu (Pt and Pd pending)
- Hole No.NOT-09-064 intersected 53.1metres averaging 1.94% Ni, 0.95%
Cu, 0.60gpt Pt and 3.85gpt Pd
- Including 13.2 metres averaging 4.98% Ni, 1.92% Cu, 0.07gpt Pt and
6.71gpt Pd
This news that was issued today allowed NOT to continue its uptrend and close the day GREEN +58 censt on the day. It is a great sign to see junior company like so react like so on drill results. Its been a wicked market in the past 1year and even good drill results were ignored in 2009. Something tells me that the sentiment has changed and many have take large positions in many of these undervalued junoior companies such as ECU and NOT! This reminds me back of 2006!Great to see the DOW finish red and the HUI bounce back to close green. I also noted on the charts with ECU and NOT that they are following the swiss stair cases that JIM sinclair mentioned in his daily blog. This is very very Bullish! His company TNX along with many other PM juniors are displaying THESE MAGIC STAIRS.
Imagine how awful those traders feel releasing there stock so cheap when they have waited so long. Do not give up because these junior companies are on the verge of turning around and the gold/silver markets will only help propell us to higher levels!
ECU WILL SOON LOOK THIS GOOD IF NOT BETTER!!!!
Just some thoughts
sharky
