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Noront Resources Ltd. (TSXV:NOT) announced the results from an additional 16 holes at the Company’s 100% owned Blackbird chromite deposit.
As quoted in the press release:
Highlights:
- NOT-11-1G215 intersected 15.62 metres averaging 42.81% Cr2O3 at a 2.10:1 Cr to Fe ratio;
- NOT-11-1G217A intersected 22.36 metres averaging 42.67% Cr2O3 at a 2.06:1 Cr to Fe ratio;
- NOT-11-1G221 intersected 19.93 metres averaging 42.40% Cr2O3 at a 2.16:1 Cr to Fe ratio;
- NOT-11-1G223 intersected 23.58 metres averaging 40.71% Cr2O3 at a 2.07:1 Cr to Fe ratio;
- NOT-11-1G226 intersected 14.72 metres averaging 42.96% Cr2O3 at a 2.18:1 Cr to Fe ratio;
- NOT-11-1G227 intersected 18.42 metres averaging 40.03% Cr2O3 at a 2.08:1 Cr to Fe ratio.
Noront CEO Wes Hanson, said:
“Drilling at Blackbird has been completed and results returned to date indicate that the limits of the high grade chromite deposit have expanded to the north – northeast along strike as well as down dip. The Company believes that this will translate into a material increase in the chromite resource relative to the December 2009 estimate. The Company plans to update the chromite resource and complete a Preliminary Assessment by the second quarter of 2012.”
Click here to read the Noront Resources Ltd. (TSXV:NOT) press release
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