Shares of Noront Resources (TSX: V.NOT, Stock Forum) jumped 10% to $1.56 on Friday after the junior explorer reported that the logistics halt which, had been implemented at Koper Lake has ended, effective Friday, March 19 at 8:00 am. Noront will immediately begin the process of flying in fuel, drills and other material to Koper Lake with a view to resuming exploration as soon as possible.
Noront's President and CEO, Wes Hanson, stated, "First and foremost, we are grateful that Chief Moonias and Chief Wabasse have lifted the denial of service action at Koper Lake. We have begun to re-supply at Esker Camp with the intention of resuming our 2010 exploration program as soon as possible. Initially our exploration will focus on continuing to add resources at the Eagle's Nest and Blackbird deposits with additional exploration at AT-12. Time permitting we may also evaluate additional untested targets within our Ring of Fire land holdings to identify potential opportunities for resource growth." Mr. Hanson added, "While the denial of service delayed our exploration plans, we expect that we will be able to complete our planned exploration program by the end of 2010."
On the Stockhouse Bullboards, poster miner71 pointed to recent insider buying by the CEO, at prices between $1.37 and $1.45 a share.