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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

Bullboard Posts
Post by u308goldon Oct 01, 2007 7:32am
378 Views
Post# 13498254

WINDFALL LAKE UNDERGROUND RAMP TO START

WINDFALL LAKE UNDERGROUND RAMP TO STARTNoront Resources gets ready for Windfall ramp 2007-09-28 12:49 ET - News Release Shares issued 98,847,807 NOT Close 2007-09-30 C$ 4.03 Mr. Richard Nemis reports WINDFALL LAKE UNDERGROUND RAMP TO START Noront Resources Ltd. is releasing an update on the Windfall Lake project. The certificate of authorization for excavating the underground access ramp on the Windfall project has been received from the MDDEP (Department of Environmental Protection and Sustainable Development) on Sept. 25, 2007. Permitting regarding expansion of the camp site, septic facilities and gravel use are already in Noront Resources' possession. All information regarding the permit with the Department of Natural Resources for taking the bulk sample has been submitted and is expected to be approved in a timely manner. Camp expansion, which is now under way, should be completed in October to accommodate all the construction crews and other required personnel. Construction Norascon of Amos (Quebec) has been selected for the surface construction work. Surface work represents the portal trench and ground support, all the mineralized material and waste-storage pads, the settling pond, and the polishing pond. Work should start following receipt of all the permits, and after the camp expansion. Mining contractor Monterie Expert has been selected for all underground excavation. The mining contractor will commence mobilization and start the decline after the surface work has been completed. Genivar SEC. of Val d'Or, Que., will be doing the management and supervision of the contractors, the environmental follow-up, and the detailed engineering regarding the Windfall Lake project. Noront Resources' own geological crews will carry out the necessary mapping and sampling of the underground workings under the guidance of Tracy Armstrong, PGeo, of P&E Mining Consultants Inc. Ms. Armstrong is a qualified geologist in Quebec. The proposed ramp, approved by Noront Resources' directors, is designed to assess and sample several areas of gold mineralization intersected in previous surface diamond drill holes. The gold zones include those encountered on Noront Resources' wholly owned Windfall Lake property and its optioned Murgor/Freewest property contiguous to the north where the ramp is being collared. Costs for that portion of the ramp on the Murgor/Freewest option will be applied against the work commitment on the optioned property. The ramp will commence on the Murgor/Freewest option ground and drive southward onto Noront Resources' ground to a vertical depth of at least 100 metres. Total cost of the ramp could exceed $8-million, depending on the extent of work required to complete the necessary geological assessment of the gold zones.
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