Noront Says Net Present Value of $500 Million in Northern Ontario Mining Project

Dec. 17, 2012 05:07AM PST

Mining Weekly reported that the “ring of fire” mineral deposit in northern Ontario is proving to hold tremendous economic potential after feasability studies and is gaining international attention.

Mining Weekly reported that the “ring of fire” mineral deposit in northern Ontario is proving to hold tremendous economic potential after feasibility studies and is gaining international attention.

As quoted in the market report:

Since that initial discovery, Noront has invested more than $150-million, defining a viable reserve at Eagle’s Nest, a significant chromite resource at Blackbird, additional nickel sulphide mineralisation at Eagle Two and AT-12 and vanadium mineralisation at Thunderbird.

To view the whole Mining Weekly report, click here.