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Gold/Mining/Energy : Noront Resources (NOT VSE)

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To: Phil Cressman who wrote (38)3/5/1998 6:21:00 PM
From: Phil Cressman  Read Replies (1) of 128
 
Called company today to see when anything might be reported. Seems that last while has been spent putting together a 150 odd page report on the companies holdings and prospects. Why? Obviously to raise some needed cash thru a private placement. Prospector's meetings in Toronto will be the scene for a lot of announcements and speculation. I doubt if Noront is going to have any specific new announcement to make and the base metal drilling in N. Ontario will probably be the next news we hear. Remember, McKinnon of Hemlo fame is paying for this drilling and along with 50% earn in he holds NSR on the property. He's been certain for a long time that a huge base metal deposit is there for the finding. Might be interesting towards the end of the month.
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