Ouch....NOT getting hurt. After recent monster drill hole, I guess very tough act to follow.
Noront assays 10 m of 5.1 g/t Au at Windfall Lake
2006-12-29 12:40 ET - News Release
Mr. R. Nemis reports
NORONT REPORTS REMAINING ASSAYS AT WINDFALL LAKE, UNDERGROUND EXPLORATION PLANNED
Noront Resources Ltd. has received following results from diamond drilling on its wholly owned Windfall Lake property in Urban township, Quebec.
The eight holes reported are the remaining assays being awaited from the most recently completed diamond drilling program that resulted in the completion of 12 new holes, totalling 3,297.9 metres.
The holes tested the mineralized gold zones previously discovered by Noront and warranting further testing, as recommended by Tracy Armstrong (a qualified geologist in Quebec) of P&E Mining Consultants (Brampton, Ont.).
The following table lists the new drill holes giving the hole locations, direction and significant assay intervals. True widths of the gold zones being reported is not known at this time.
ASSAY SUMMARY -- SIGNIFICANT GOLD MINERALIZATION
Interval Core width Core width Assays Assays
Drill hole (m) (m) (feet) (g/t) (ounces per ton)
NOT-06-101 265.00 to 275.00 10.00 32.8 5.1 0.15
including 265.00 to 265.75 0.75 2.5 36.9 1.08
and 265.75 to 274.00 8.25 27.0 1.3 0.04
and 274.00 to 275.00 1.00 3.3 11.9 0.35
307.00 to 312.40 5.40 17.7 4.4 0.13
including 307.00 to 309.40 2.40 7.9 8.6 0.25
and 309.40 to 312.40 3.00 9.8 2.3 0.07
420.60 to 421.35 0.75 2.5 7.4 0.22
NOT-06-102 hole stopped due to excessive deviation at 23.0 m
NOT-06-103 no significant assays
NOT-06-104 108.30 to 108.75 0.45 1.5 5.9 0.17
114.90 to 115.20 0.30 1.0 4.6 0.13
122.30 to 123.70 1.40 4.6 7.1 0.21
NOT-06-105 43.80 to 45.00 1.20 3.9 5.4 0.16
103.90 to 107.30 3.90 12.8 7.7 0.22
118.20 to 118.50 0.30 1.0 5.2 0.15
174.35 to 175.60 1.25 4.1 2.8 0.08
NOT-06-106 103.70 to 105.00 1.30 4.3 3.5 0.10
105.00 to 107.15 not sampled
107.15 to 109.35 2.20 7.2 3.2 0.09
NOT-06-107 36.20 to 37.20 1.00 3.3 5.2 0.15
59.20 to 60.10 0.90 3.0 5.8 0.17
66.00 to 66.35 0.35 1.1 4.8 0.14
112.60 to 113.30 0.70 2.3 10.1 0.29
NOT-06-108 224.60 to 225.30 0.70 2.3 10.6 0.31
250.15 to 250.50 0.35 1.1 13.2 0.39
268.50 to 268.90 0.40 1.3 24.6 0.72
312.30 to 313.20 0.90 3.0 5.4 0.16
325.40 to 325.90 0.50 1.6 4.8 0.14
Assay samples are taken from (NQ) drill core sawed in half with one-half sent to Bourlamaque Assay Laboratory located in Val d'Or, Que., for assaying. The remaining half core is stored in a secure location for future reference and testing. The gold assay method uses a 30-gram fire assay aliquot with atomic absorption or gravimetric finish on each sample. Significant high-assay results are checked by the laboratory by reassaying additional pulps from the sample using the standard and/or the metallic screening (TA1) method. Additional checks are carried out on a regular basis on pulp duplicates and preparation duplicates. The Bourlamaque assay lab also uses certified reference material as part of its internal monitoring program for accuracy.
Gold assay results as reported to the company are in parts per million and reported publicly by the company in grams per tonne. Conversion to ounces per ton employs a factor of 34.285 grams per tonne equalling one troy ounce per short ton and core width of significant zones is also given in feet (one metre equals 3.28 feet).
John Harvey, PEng, is the company's qualified person for the technical information in this release under National Instrument 43-101 guidelines.
The gold mineralization encountered in the drill core to date at Noront's Windfall Lake property occurs within a massive, homogeneous acid-felsic volcanic pyroclastic or porphyritic rock mass tested within a block 800 m long by 800 m wide down to a vertical depth of 400 m. The numerous significant gold assays (see previous press releases) returned to date are directly associated with silica, tourmaline, chlorite, carbonate, as well as accessory minerals.
This assemblage of gold-bearing minerals observed from the widely spaced drill holes completed to date are concentrated within several discontinuous, discreet lenses occurring within parallel, closely spaced northeast-trending, steeply northwest-dipping fault structures marked by zones of more continuous pyrite mineralization. Additional fault trends oriented differently are believed to have influenced the final orientation and concentration of the gold mineralization. Drilling to date has not revealed any dominant trend to follow with drilling.
As a result, the company's geologists to date have been unable to predict with any degree of certainty the gold resource potential at the Windfall Lake property from the sparse sampling of the host volcanic rock mass by the diamond drill holes completed.
Noront's management has concluded a more adequate test of the property's gold potential is through bulk sampling of the auriferous pyrite zones to ascertain the content and dimensions of any potentially economic gold mineralization and other geological controls not evident in diamond drill holes.
To accomplish this task, early in February, a series of short closely spaced diamond drill holes will be completed to facilitate later subsurface ramping and drifting to proceed where more reliable sampling and geological mapping can be accomplished. The underground excavations will be completed by contractors after the successful completion of necessary permitting requirements from the applicable regulatory bodies within the Quebec government.
The company has adequate funds to complete the latter program within the 2007 calendar year, if possible. |
