From the  August 16th news  release:

The company has budgeted $400,000 for a diamond drill program to be conducted on two separate magnetic and electromagnetic anomalies identified on the newly acquired claims. If sufficient time and funds are available at the end of the first two holes on the claims, a follow-up program covering the company's Double Eagle claims may take place. Director of Noront, Neil Novak, PGeo, recently visited the project area and, together with representatives of Billiken, spotted the first series of holes for this project. Mr. Novak states: "Noront has acquired an exceptional massive sulphide target, as well as a very intriguing kimberlite target in a region of Northern Ontario where both massive sulphides and kimberlites are known to exist. The claims were initially staked by Condor Diamond to cover two kimberlite targets. Airborne surveying, followed by two campaigns of ground geophysical surveying (magnetic and electromagnetic surveying, and then by detailed magnetic surveying), has further distinguished these particular anomalies as high-priority drill targets. Drilling of the southernmost anomaly will test for massive sulphide-style mineralization, while the northernmost anomaly is a magnetically rendered dipolar anomaly, with magnetic similarities to kimberlites found in the Kyle group of kimberlites located about 70 kilometres to the east. Drilling is scheduled to commence before the end of August and will take about one to two weeks to complete."