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Noront Resources Ltd.
Summary
| Project: | Ring of Fire | |
|---|---|---|
| Deposit: | McFaulds | |
| Location: | Canada | |
| Commodities: | Copper-Zinc-Silver-Gold | |
| Date: | 9/16/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-9-2019: Noront Resources Ltd. announces an Exploration/Drilling Update report for its McFaulds deposit at the Ring of Fire project. Drilling results incl. 10.1m @ 3.3% Cu, 6.5g/t Ag, 0.2g/t Au from 866.0m. TORONTO, ONTARIO — September 16, 2019 — Noront | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ryan Weston (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO — September 16, 2019 — Noront Resources Ltd. (“Noront”) (TSX Venture: NOT) is pleased to provide an update on the Phase-2 summer exploration program at its 85% owned McFaulds VMS property in the Ring of Fire. The copper-zinc focused diamond drill program, completed in July, tested the down-dip continuity of the McFaulds No.8 VMS deposit, which previously returned 26.4 metres of massive sulfide grading 2.1% copper, 3.4% zinc, 5.5 grams per tonne silver and 0.2 grams per tonne gold in hole MCF-18-98. Highlights include 10.1 metres grading 3.3% copper in hole MCF-19-103 which intersected the McFaulds No.8 deposit 215 metres down-dip from hole MCF-18-98 representing the largest step-out intersection at McFaulds No.8 to date. Hole MCF-19-103 was targeted using a bore-hole electromagnetic (BHEM) plate modelled from the earlier winter 2019 Phase-1 drilling results which indicated a pronounced change in the orientation of the mineralization at McFaulds No.8 from a near vertical plunge to a moderate north-easterly plunge (See Figure 1). Copper-rich stockwork mineralization was intersected deeper than anticipated due to a steepened dip of the mineralization, which is hosted in strongly chlorite altered felsic volcanic flow rocks more typically observed in the footwall assemblages further up dip. Alteration consists of intense chloritemagnetite replacement within an 80-metre sequence of the host felsic volcanics and returned the highest alteration index encountered to date at McFaulds No.8. BHEM surveying of MCF-19-103 identified a strong conductor up dip from the intersection correlating with the known massive sulfide mineralization at MCF-18-98. | |
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