Noront Updates on Exploration, Comments on Ontario Court Ruling

- February 25th, 2016

Noront Resources Ltd. (TSXV:NOT) released an update on its recent exploration work, also commenting on the Court of Appeal for Ontario’s ruling that KWG Resources Inc. (CSE:KWG) should not have exclusive access to a transportation corridor in Ontario’s Ring of Fire.

Noront Resources Ltd. (TSXV:NOT) released an update on its recent exploration work, also commenting on the Court of Appeal for Ontario’s ruling that KWG Resources Inc. (CSE:KWG) should not have exclusive access to a transportation corridor in Ontario’s Ring of Fire.
KWG has also commented on the ruling.
In terms of exploration, Noront said:

Noront recently completed a second round of regional ground-based Gradient Induced Polarization (IP) surveys covering a five square kilometre region. The Gradient IP surveys are used as a first pass screening tool to identify chargeable areas that can host significant large sulfide systems, which in conjunction with favourable geology will warrant further detailed follow up via electromagnetic surveying and drilling.
The surveys centered on the areas known as AT-5 and Blue Jay which are approximately 1km and 9km, respectively, from the Company’s Eagle’s Nest nickel-copper-platinum-palladium deposit. These targeted areas are situated along a favourable footwall contact and comprise part of the regional geological system hosting Eagle’s Nest. The geophysical map in Appendix 1 shows the areas of the recent IP surveys.

Commenting on the ruling, Noront noted:

The Court of Appeal for Ontario today upheld a Divisional Court decision in the matter of mining claims staked by KWG Resources along a North-South corridor to the Ring of Fire. The decision allows a proponent to apply for an easement along the corridor without requiring the consent of the claim holder (KWG). Noront inherited the case as part of its Cliffs acquisition that was completed in April, 2015.

Click here to read the full Noront Resources Ltd. (TSXV:NOT) press release.

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