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)

Free
Message: Franco?

https://www.franco-nevada.com/our-assets/assets-list/default.aspx

I noticed that Franco, has the following catagories under asset list

precious metals, other mining , oil & gas

All three catagories have listed assets.

But I see a new catagory called "mining exploration."

It has no assets listed in that catagory.

Then I start thinking about the Gold partner that Noront wants. The strategic Gold Parter to further the exploration.

Is it Franco?

http://www.mining.com/noront-resources-seeks-exploration-partner/

Toronto-based Noront Resources (TSXV:NOT) has started discussions with gold producers in Canada and elsewhere with the idea of striking a joint partnership to explore for gold.

Interviewed by the Financial Post, Noront CEO Alan Coutts said that the move is necessary as the company continues to lead exploration in Ontario’s massive Ring of Fire, located 540 kilometres northeast of Thunder Bay. The 4,000-square-kilometre chromite-rich-area is home to an estimated $60 billion worth of mineral deposits but the region lacks highways, rail lines or reliable power.

According to Coutts, a road to transport base metals could take a minimum of five years to build so in the meantime and following a gold discovery in the area, the junior miner wants the expertise of a senior firm to back its exploration efforts for the yellow metal, whose value justifies it being transported from such a remote location.

“It’s the right rocks, the right age, but we just really haven’t got around to dealing with the gold, so we’re looking for a partner,” the executive told the Post.

 

Share
New Message
Please login to post a reply