The Conversation (0)
Noront Resources Ltd.(TSXV:NOT) announced a new, updated mineral resource for its Blackbird chromite deposit. The Blackbird deposit is part of the Company’s McFaulds Lake project.
Highlights include:
- Measured Resource 9.3 M tonnes averaging 37.44% Cr2O3 and 2.00 Cr:Fe
- Indicated Resource 11.2 M tonnes averaging 34.36% Cr2O3 and 1.95 Cr:Fe
Noront, CEO, Wes Hanson, commented:
Drilling at Blackbird exceeded expectations, resulting in a tripling of the previous resource estimate at Blackbird but more importantly, converting a large percentage of the deposit to the measured and indicated classification. The updated estimate demonstrates that Blackbird is similar in size and grade to the nearby Big Daddy and Black Thor chromite deposits. The close proximity of Blackbird to our flagship Eagle’s Nest nickel sulphide deposit offers exceptional synergies as both deposits can be exploited using the same underground infrastructure, limiting the incremental capital cost while minimizing the environmental footprint. The Company intends to complete an internal evaluation of a northwest Ontario based mine, mill and smelter facility capable of producing between 200,000 and 250,000 tonnes of high quality ferrochrome annually, approximately equal to current North American imports, which originate from South Africa.
Click here to read the Noront Resources Ltd. (TSXV:NOT) press release
Click here to see the Noront Resources Ltd. (TSXV:NOT) profile