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Noront Resources Ltd.
Summary
| Project: | Ring of Fire | |
|---|---|---|
| Deposit: | Nikka | |
| Location: | Canada | |
| Commodities: | Copper-Zinc-Silver-Gold | |
| Date: | 5/11/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-5-2020: Noront Resources Ltd. announces a Resource Estimation report for its Nikka deposit at the Ring of Fire project. Updated Mineral Resource Estimate for Project. TORONTO, ONTARIO — May 11, 2020 — Noront Resources Ltd. (“Noront”) (TSX Venture: NOT) | |
| Resources: | (Resources): 0.85Mt @ 2.92% Cu, 1.67% Zn, 8.33g/t Ag, 0.31g/t Au (Ind.) & 4Mt @ 2.1% Cu, 1.4% Zn, 5.8g/t Ag, 0.2g/t Au (Inf.) | |
| CP/QP: | [Resources]: Alan James Aubut (Sibley Basin Group Geological Consulting Services Ltd.) | |
| ABSTRACT: | TORONTO, ONTARIO — May 11, 2020 — Noront Resources Ltd. (“Noront”) (TSX Venture: NOT) is pleased to report a maiden resource estimate for the No. 8 sulfide lens and updated resource estimates for the No. 1 and No. 3 sulfide lenses. Given their close proximity, these lenses will be known as the Nikka copperzinc deposit at the Company’s 85% owned McFaulds VMS property in the Ring of Fire (Table 1). Nikka means Canada Goose in Ojicree and maintains the boreal forest bird theme that Noront follows in naming its various deposits. The Company discovered the No. 8 lens in 2017 after a bore-hole EM survey of a historic drill hole into the footwall of the No. 3 lens identified a strong off-hole conductor. Between 2017-2019, the Company drilled 14 holes totalling 7,717 metres in the vicinity of the No. 8 lens to define the maiden resource reported today. “Discovery of the No. 8 sulfide lens has increased the contained copper in Inferred resources at McFaulds by a factor of ten,” said Noront Vice President Exploration Ryan Weston. “Furthermore, based on our geological understanding and the promising targets we’ve generated since we began exploring here in 2017, we believe there is much more to be found at McFaulds.” | |
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