HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Update on Ring of Fire Development...

From the NR today.

Exploration Update

Noront has completed a deep platform drill hole to investigate the UTEM-5 anomaly at its AT5 target. This hole was drilled sub-parallel to the favourable footwall contact in order to be used for follow up geophysical surveys and wedge cuts, as warranted. Drilling was completed to a depth of 1,300 metres with the ultramafic contact being intersected at 828 metres depth. A recently completed down-hole electro-magnetic survey identified an off-hole anomaly of moderate size and conductance at approximately 1,000 metres depth. The nature and size of the anomaly and its association with the host ultramafic unit is suggestive of a sulfide system which appears to be strengthening to the southwest.

The Company will expand its surface UTEM-5 survey to the southwest to test for massive sulfide which may be connected to this conductor at depth prior to initiating any wedge cuts or further drilling. Planning for this surface UTEM-5 survey extension is underway and the survey should be completed in the next week.

"Our approach for identifying deep conductors in geologically favorable nickel-copper sulfide environments is working well," said Vice President of Exploration, Ryan Weston. "We are using deep-seeing, industry-leading time-domain EM geophysical surveys. Follow-up bore-hole surveying resolved the surface UTEM-5 anomaly significantly and is allowing us to focus in on possible mineralization at depth at AT5."

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Below is from the past..

https://secure.kaiserresearch.com/s4/Expresses.asp?ReportID=268393&_Title=Express-2007-08-Why-does-Richard-Nemis-think-Noronts-nickel-copper-discover

"The EM map above shows a distinct EM conductor (highlighted in yellow) starting in the discovery area (circled) on the claim block Noront acquired from Greenstone/Condor in a southwesterly direction for about 300 metres before it bends south, and then curves back into a southwesterly direction for 2,000 metres before it peters out. If the mineralization Noront has discovered is associated with this conductor, we are dealing with a tonnage footprint in the tens of millions"

http://norontresources.com/noront-announces-new-cu-ni-occurrence-at-anomaly-at12/

T5 Anomaly  The AT5 anomaly is located approximately 1.1 kilometers east of the Eagle One deposit. This anomaly is described as a 500 meter long, 100 meter wide moderate to strong magnetic anomaly, with weak electromagnetic responses to various airborne and ground geophysical surveys. Two completed holes and one lost hole totaling 675 meters were drilled to test this anomaly as outlined in the following Table.
The presence of highly serpentinized dunite and peridotite provides an inconclusive explanation for the cause of the geophysical anomalies detected at this location and more work may be required to explain them.
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