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Noront Resources Ltd. V.NOT


Primary Symbol: NOSOF

Noront Resources Ltd is a mining company. It is engaged in the exploration, development, and acquisition of properties prospective in base and precious metals, which includes nickel, copper, platinum group metals, precious metals, chromite, and vanadium. The company's developmental project consists of Eagle's Nest nickel-copper-platinum-palladium deposit, deposits of high-grade chromite and copper-zinc volcanic massive sulphide deposits which are part of the company's McFauld's Lake Project. Its assets are located in the area known as the Ring of Fire in the James Bay Lowlands, Ontario.


OTCPK:NOSOF - Post by User

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Post by Crazy_Hendersonon Feb 13, 2007 12:03pm
122 Views
Post# 12225107

Noront Projects: 6 of 11: Hunters Point Gold

Noront Projects: 6 of 11: Hunters Point Goldand Uranium Propery The Hunters Point Property consists of 13 cells totalling 763 hectares in the northeast corner of Atwater Township, Temiscamingue County, Quebec. In early 2005, an additional 5 properties were staked to cover areas of known uranium mineralization. These are the following Grindstone Lake Showing: - 4 cells - 220 ha, Booth Twp, Quebec. Grindstone Lake West Showing: - 6 cells - 359 ha, Booth Twp, Quebec. Pants Lake Showing: - 3 cells - 177 ha, McLachlin Twp, Quebec. Lac des Loups Showing: - 4 cells - 235 ha, Gaulin Twp, Quebec. Turner Falls Showing: - 8 cells - 471 ha, Villedieu Twp, Quebec. Access The claims may be reached by road from St. Placide de Bearn, 35 miles to the northwest or by float plane from Kipawa, 17 miles to the southwest. History: (Hunters Point) The original showing was discovered in 1957 by Garfield Jones of Kipawa who subsequently optioned the ground to Belleterre Quebec Mines Limited. Belleterre Quebec Mines Limited initially drilled 12 short holes in the showing area and drove a tunnel into the showing going southward at an angle of 25 degrees for a length of seventy-five feet. Subsequently, a second discovery was make about ½ mile southwest of the original showing. This led to a total of 12,062 feet of shallow drilling as well as some stripping and surface sampling being undertaken on both showing areas and the enveloping band of quartzite. In 1967, Multi Minerals Limited acquired the property and drilled 17 holes totalling 5,043 feet principally in the main showing and southwest showing area. In 1969, Gunnar Mining Limited, engaged Canadian Aero-Mineral Surveys to fly an airborne Gamma Ray Spectrometer survey over a wide belt of rocks including the showing area. The Hunters Point showing was recorded as a strong anomaly. Many other anomalous conditions were also located. In 1980, the area was staked by Géoconseils Jack Stoch Ltée., which optioned the property to Canadian Occidental Petroleum Limited. Occidental flew an airborne spectrometer survey over the claim area as well as the strike extension of the gold-uranium bearing quartzite. Subsequently, they performed mapping and humus and rock geochemistry on the claim group along with limited scintillometer work. No follow-up diamond drilling was performed. The property has been idle since 1985. Geology General Geology: The property falls within Precambrian Grenville type rocks consisting of formations of parageneiss, quartzite, granite gneiss and garnet gneiss. The property in a regional sense is on the western outer edge of a large basinal structure which may be a synclinorium. Local Geology The main showing and south showing are confined to a band of normally pale grey sericitic quartzite which has an average width of 200 feet but which widens to the northeast (up to 300 feet). Sericite makes up from 5 to 25 percent of the rock unit. The quartzite is sandwiched between biotite and hornblende paragneisses. Rock units in the showing area strike roughly N45oE and dip southeast at from 55 to 80 degrees. Vertical joints striking N45 to 55W are common. Economical Geology In the main showing area, high uranium oxide and gold values obtained. The uranium occurs in the following forms - pichblende, uranophane, soddyite and cupriferous sklowdowskite. Significant gold assays are recorded but no free gold was observed nor is there any record of its provinance of form. Values of lead, silver and minor copper are noted and the following sulphides were recorded in one ore sample, pyrite, chalcopyrite, pyrrhotite, bornite, covellite, galena and tetrahedrite. Two grab samples from the mineralized zone returned the following: Sample 1 Sample 2 U3O8 7.7% 3.5% Gold (oz/T) 0.70 0.17 Silver (oz/T) 0.22 0.67 Lead 0.83% 0.37% Copper 0.01% 0.01% At the main showing, uranium values seem to be confined principally along beds of biotite-garnet schist within the quartzite. Three such beds were located in the main showing area with garnets attaining dimensions of up to 2 inches. The main showing was channel sampled principally within the adit and assayed 1.14% U3O8 and 0.294 oz/ton Au over a strike length of 75 feet and an average width of one foot or 0.775% U3O8 and 0.212 oz/ton Au over a strike length of 120 feet and an average width of one foot. Other showings within the main showing area are indicated particularly over the 1000 foot strike length to the northeast where outcrop is exposed. In the south showing area, radioactivity was located over a strike length of 2000 feet over varying widths (up to 11 feet) on an extension of the quartzite band southwestward from the main showing. Values were found to generally correspond with red mica quartzite in the vicinity of garnet gneiss. Yellow staining is visible. Grab samples assayed 0.54% and 0.15% U3O8. Grab samples taken by various parties during 1981 returned the following assays: Au oz/ton U3O8 Main Showing 0.048 0.61 1.12 0.05 1.54 2.27 3.51 0.075 North Showing(500'N of Main Showing) 0.030 0.065 0.349 0.481 1.54 2.27 3.51 0.075
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