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vern117on Dec 30, 2006 5:00am
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Post# 11936949
No gold for Noront: Exploration comes up empt
No gold for Noront: Exploration comes up empt[Click for information about this source]
No gold for Noront: Exploration comes up empty for miner
The Gazette (Montreal)
Sat 30 Dec 2006
Page: C2
Section: Business
Dateline: TORONTO
Source: CP
Noront Resources Ltd. shares fell 33 per cent to 63 cents following release of disappointing results from eight exploration holes drilled at the Quebec Windfall Lake property in Urban Township.
Noront shares have now given up all the gains made since Dec. 1, when it issued results from four holes, including three that didn't show any gold mineralization and a fourth that showed three significant zones of gold mineralization.
Yesterday, Noront released the results from eight remaining holes drilled without identifying any additional significant gold mineralization.
Noront said its management has concluded that a more adequate test of the property's gold potential is through bulk sampling.
Edition: Final
Story Type: Business
Length: 106 words
Keywords: GOLD; MINING INDUSTRY