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Noront Resources Ltd.
Summary
| Project: | Ring of Fire | |
|---|---|---|
| Deposit: | McFaulds | |
| Location: | Canada | |
| Commodities: | Copper-Zinc-Silver-Gold | |
| Date: | 11/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-11-2017: Noront Resources Ltd. announces an Exploration/Drilling Update report for its McFaulds deposit at the Ring of Fire project. Drilling results incl. 10.9m @ 1.1% Cu, 1.7% Zn, 10.9g/t Ag, 0.4g/t Au from 486.3m. TORONTO, ONTARIO—November 27, 2017— | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ryan Weston (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO—November 27, 2017—Noront Resources Ltd. (“Noront”) (TSX Venture: NOT) today provided updates on its current exploration program in the Ring of Fire and corporate activities. Follow-up drilling on the recently discovered McFaulds No.8 VMS occurrence was completed in October. A single hole (MCF-17-89) totalling 566 metres was drilled up-dip from the previously reported intersection in MCF-17-88 (see press release dated September 26, 2017). The Main Zone at hole MCF-17-89 intersected 10.9 metres of massive sulphide grading 1.1% copper, 1.7% zinc, 10.9 grams per tonne silver and 0.4 grams per tonne gold. (See Figure 1 below for cross-section). The MCF-17-89 intersection is located approximately 88 metres up-dip from MCF-17-88, and is an early indication of excellent up-dip continuity of the sulfide lens at McFaulds No.8. Importantly, bore-hole electromagnetic (EM) surveying of this hole indicates strongest conductance is located off-hole and up-dip to the northeast from this intersection suggesting shallower drilling along this horizon has a good chance of intersecting continued mineralization. “The copper-zinc thickness and grade we found provides an early, positive indication of the mineralization continuity at McFaulds No.8. We look forward to following up on these results early in the new year,” said Noront Vice President, Exploration Ryan Weston. The sulfide intersection is zoned, with a zinc-rich top, copper-rich core, and zinc-rich base followed by a thinner satellite lens located 13 metres below the main zone. Highlights of the intersection are provided in Table 1. The zonation and stacked nature of the sulfide mineralization in MCF-17-89 is very similar to that observed in MCF-17-88 (Figure 1). | |
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