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: Noront sheds light on Ring of Fire’s untapped potential

.26 still seems to be a bargain?

http://www.northernminer.com/news/noront-sheds-light-ring-fires-untapped-potential/1003778657/

Noront sheds light on Ring of Fire’s untapped potential

Snapshot of northern Ontario's Ring of Fire geology. Credit: Ontario Ministry of Northern Development and Mines.

Posted By: Lesley Stokes October 17, 2016

VANCOUVER — The greenstone belt that hosts the nickel-copper-platinum group metal (PGM) and chromite deposits in northern Ontario’s Ring of Fire camp, 540 km northeast of Thunder Bay, is unique compared to other regions in Canada, says Noront Resources’ (TSXV: NOT) President and CEO Alan Coutts.

“In our case we have a typical, greenstone belt, but we also have this very large, layered ultramafic intrusion complex and iron formations abutting it. So it had all the right things going on to create the diversity of deposits we see there today,” he tells The Northern Miner during a phone interview.

Coutts says the similar belts elsewhere in Ontario and Quebec are less known for their magmatic copper-nickel, PGM and chromium deposits, which include examples such as Balmoral Resources’ (TSX: BAR; US-OTC: BALMF) Grasset copper-cobalt-PGM deposit in northern Quebec, the Raglan nickel-copper-PGM belt in northernmost Quebec, and some in Ontario’s Timmins district.

Simplified geology and mineral occurrences of Ontario. Credit: Ontario Ministry of Northern Development and Mines.

He explains that the age of the greenstone belts plays a role in the genesis of the magmatic-style deposits.

During the Archean eon, 4 billion to 2.5 billion years ago, temperatures on earth were still hot enough to drive deep-seated, high-magnesium melts, otherwise known as “ultramafics,” into higher levels of the earth’s crust without cooling rapidly.

The melts, which contain a high amount of dissolved metals, would devour sulfur-rich country rocks during their ascent. Once sulfur is saturated in the melt, it separates out of the magma — much like oil does in water — and absorbs the dissolved metals.

When the magma flow slows, the droplets of sulfur containing the heaviest metals settles onto the base of the intrusion or flow, and cools to form layers of massive sulphides, whereas the drops that weren’t heavy or large enough to sink before the magma crystallized ended up cooling in place.

As a result, magmatic-style deposits often have horizons of massive sulphides that grade upwards into less dense, net-textured sulphides before terminating into a horizon of disseminated sulphides.

Coutts points out that later deformation can tilt and truncate the rock package, whereas metamorphism or later-stage hydrothermal fluids can remobilize the sulphides into different parts of the crust.

In the Ring of Fire, the prospective ultramafic rocks are buried under lakes, bogs and younger rocks, making them difficult for explorers to find. But in regional geophysical data, they pop out as a distinct, horseshoe-shaped magnetic anomaly that runs for 60 km in diametre along the margin of a large granitic batholith.

Regional magnetic data outlining northern Ontario’s Ring of Fire metal district. Credit: Ontario Ministry of Northern Development and Mines.

The resource industry first became interested in the region in 2002, shortly after De Beers drilled into volcanogenic massive sulphide (VMS) mineralization near McFaulds Lake while testing magnetic anomalies suspected to be kimberlites.

By 2003, exploration had outlined six more VMS deposits, but the first staking rush in the region began in 2007, after Noront discovered nickel-copper-platinum-palladium mineralization at its flagship Eagle’s Nest deposit.

In 2008, three high-grade chromite ore zones — Blackbird, Black Thor and Big Daddy — were discovered along a 14 km long strike length from Eagle’s Nest.

The deposits each occur within different parts of the regionally-trending ultramafic package.

Simplified geology and location of deposits in northern Ontario’s Ring of Fire metal district. Credit: Mungall et al.

At Eagle’s Nest, mineralization occurs as a pipe-like body, about 200 metres in width, up to several tens of metres thick, and at least 1.7 km depth, within a north-trending, sub-vertical komatiitic dyke. (Komatite’s are a type of ultramafic rock.)

The deposit hosts proven and probable reserves of 11.1 million tonnes of 1.68% nickel, 0.87% copper, 0.89 gram platinum per tonne, 3.09 grams palladium per tonne and 0.18 gram gold per tonne. Inferred resources stand at 9 million tonnes of 1.1% nickel, 1.14% copper, 1.16 grams platinum, 3.49 grams palladium and 0.3 gram gold.

In contrast, the nearby chromite deposits occur as flat-lying bodies, formed where the melt, rising as a plume from dykes below, pooled horizontally into a sedimentary package of banded ironstones. According to Noront’s technical report, the ironstones may have supplied the magma with enough sulfur to trigger precipitation of the metals.

Total chromite resources in the Ring of Fire have been pegged at 343 million tonnes, ranging from 23% to 38% chromium oxide, assuming a cut-off between 20% and 30% chromium oxide.

Noront has consolidated control over 75% of the staked claims in the region, and Coutts believes exploration in the Ring of Fire is still in its early stages.

“I’ve worked in a lot of nickel-copper districts during my career — Western Australia, Raglan, Sudbury Basin — and usually these magmatic nickel-copper deposits occur in clusters,” he says. “So we’re pretty excited to be exploring there because we expect there to be more deposits rather than just one.”

He also sees potential for the region to host additional orogenic gold and VMS deposits similar to ones found elsewhere in Ontario and Quebec.

For more on the topic, read, “The geology behind Ontario’s world-class metal deposits,” (T.N.M., Sept. 19-25/16) and “The geology behind Quebec’s world-class metal deposits,” (T.N.M., Sept. 26-30/16).

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