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Noront’s Chromite Deposit Exceeds Expectations

Noront’s Chromite Deposit Exceeds Expectations

The headquarters of Noront Resources must have been all smiles on March 20th. In a recent press release, CEO Wes Hanson announced that a drilling they conducted “exceeded expectations, resulting in a tripling of the previous resource estimate at Blackbird, but more importantly, converting a large percentage of the deposit to the measured and indicated classification.”  This recent chromite estimation is 130% greater than ones conducted in the past and elevates their measured and indicated chromite resource to 20.5 million tons.  The recent news means that Noront, who has previously discovered lucrative deposits in their Eagle’s Nest site, is now the proprietor of one of the largest chromite deposits in North America.

Even with these new findings, Noront plans to continue being one of the world leaders in environmentally sustainable mining.  Hanson announced that “the close proximity of Blackbird to our flagship Eagle’s Nest nickel sulphide deposit offers exceptional synergies as both deposits can be [mined] using the same underground infrastructure, limiting the incremental capital cost while minimizing the environmental footprint.”

Recently, at the 2012 PDAC Convention, Noront stole the show with their innovative iBook presentation.  This success, combined with their latest significant chromite discovery, is a sure sign that Noront is shaping up to becoming Canada’s new Inco and a world leader in the mining industry.

To read the Globe and Mail’s article on the Noront’s Blackbird chromite deposit, click the link here.

To get more information on Noront Resources Ltd, go to their website: www.norontresources.com

Be sure to follow Team Noront on Twitter: @NorontResources, @wchanson, @Paul_Semple, and @LeanneBHall.





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