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Noront Resources Ltd.
Summary
| Project: | Ring of Fire | |
|---|---|---|
| Deposit: | McFaulds | |
| Location: | Canada | |
| Commodities: | Chromium | |
| Date: | 9/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-9-2017: Noront Resources Ltd. announces an Exploration/Drilling Update report for its McFaulds deposit at the Ring of Fire project. Drilling results incl. 9.0m @ 2.0% Cu, 3.6% Zn, 7.8g/t Ag from 557.3m. TORONTO, ONTARIO—September 26, 2017—Noront Resour | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ryan Weston (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO—September 26, 2017—Noront Resources Ltd. (“Noront”) (TSX Venture: NOT) is pleased to provide an update on the copper-zinc focused drill program at its 85% owned McFaulds property in the Ring of Fire. The three-hole program—totaling 1,387 metres—was completed in early September. The most notable results were from drill hole MCF-17-88 which intersected 18 metres of anomalous copper-zinc mineralization, including 9.0 metres grading 2.0% copper, 3.6% zinc and 7.8 grams per tonne silver from 557.3 to 566.3 metres down hole. This intersection is located northeast and approximately 175 metres into the footwall of the McFaulds No.3 deposit (see Figure 1 for location) and is believed to represent a new volcanogenic massive sulphide (VMS) mineralized horizon (not intersected in historic drilling) which has been named McFaulds No.8. The intersection is hosted within chlorite altered volcaniclastics and consists of a zinc-rich upper zone (6.5 metres wide), a copper and zinc rich main zone (9 metres wide) and a zinc-rich lower zone (1.5 metres wide). The mineralization is underlain by extensive chlorite alteration which continues to the end of hole at 610 metres. The discovery of a new copper-zinc horizon and the identification of a strong geophysical anomaly opens up the entire two-kilometre corridor between McFaulds No. 1 and No. 3 to future exploration. 2 It is Noront’s vision to build upon the existing outlined resources in this area to support a one million tonne per year centralized milling operation. “We believe there are additional untested copper-zinc horizons at McFaulds which could host significant mineralization,” said Noront Vice President, Exploration Ryan Weston. “This represents an exciting new discovery for us in the Ring of Fire.” | |
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