An except from the release........
What's your thoughts?
EXPLORATION HIGHLIGHTS
1) Two drill holes completed thus far on Anomaly AT12 have returned encouraging widths of visual copper-nickel-iron sulphide mineralization up to 29.2 meters in MMS style Cu-Ni mineralization in peridotite host rock. Assays are pending.
2) Latest drilling at Anomaly AT2 (Eagle Two), continues to probe deeper and delineate copper - nickel mineralization in a shear hosted sulphide setting (Eagle Two SHS Occurrence) now delineated down to a vertical depth of 580 meters along a strike length of 200 meters.
3) Assay results received from five holes (see Table 1) from Eagle Two with the most significant intersection being 6.2 meters from 165.0 meters onwards, averaging 1.14% nickel and 0.52 g/t Total Precious Metals ("TPM" see table below).
4) Noront now controls and holds interests in 1,166 square kilometers of prospective land in the Ring of Fire exploration area.
The anomaly drilling program on the Double Eagle Project continues with two drills testing the Eagle Two (AT2 airborne anomaly) downward extent of a copper-nickel sulphide mineralization in a Shear Hosted Sulphide ("SHS") environment, as well as layered chromite ("LC") mineralization in a peridotite intrusive geological environment, now referred to as "Blackbird One" so as to distinguish this site from the Eagle Two occurrence. Information on the Blackbird One chrome occurrence will be the subject of a separate release.
A third drill is testing other nearby airborne identified geophysical anomalies that have been upgraded to drill targets as a result of ground geophysical surveys and geological review, all within the geophysically interpreted northeast extension of the Ring of Fire Intrusive ("RFI").
The drill assigned to testing anomalies has recently been moved to Grid 2 to test anomaly AT12, located approximately 9.5 kilometers to the northeast of the Eagle One Magmatic Massive Sulphide ("MMS") deposit.
As previously announced (see press release dated July 4, 2008) Eagle One hosts an Indicated resource of 1.83 million tonnes averaging 1.96% nickel, 1.18% copper, 1.12 g/t Pt, 3.91 g/t Pd, as well as an Inferred resource of 1.09 million tonnes averaging 2.39% nickel, 1.27% copper, 1.37 g/t Pt and 4.5 g/t Pd.
