Noront drills 68.3 m of 5.9% Ni, 3.1% Cu at N2007-09-27 09:37 ET - News Release
Shares issued 98,847,807
NOT Close 2007-09-26 C$ 3.40
Mr. Richard Nemis reports
NORONT REPORTS ASSAYS FOR 5TH HOLE
Noront Resources Ltd. has released the final assay results from the fifth hole of the diamond drilling program on its optioned claims where Noront is earning a 100-per-cent interest, subject to royalties, on the company's Double Eagle project located in James Bay Lowlands, Northeastern Ontario. (See news as reported in Stockwatch May 27, 2007, for details of this option agreement.)
Highlights include:
Hole NOT-07-05 final assay results include 68.3 metres averaging 5.9 per cent nickel, 3.1 per cent copper, 2.87 grams per tonne platinum, 9.78 g/t palladium, 0.61 g/t gold and 8.5 g/t silver.
Three-metre section of hole averaged 8.7 per cent nickel, 10.9 per cent copper, 40.79 g/t platinum, 14.57 g/t palladium, 9.39 g/t gold and 8.7 g/t silver.
Hole NOT-07-07 that undercut hole NOT-07-05 intersected the sulphide zone at 73 metres core length and remained in sulphide-bearing peridotite until 124 core length, and was terminated at 149 metres.
Drilling continues to explore new discovery, hole NOT-07-08, designed to undercut hole 7 under way.
Detailed ground geophysical program is continuing.
Acquisition of additional claims surrounding the discovery area continues around the "Ring of Fire."