Harry K and anyone else interested in VMS projects.
Just thought I'd post the NORONT press release made a couple of days ago through Carlson on line. This area seems to be building up a bit with Cancor active in the area and now Noront. Has anyone been in the area to see what else is going on?
Midas
NORONT ACQUIRES CANCOR EXTENSION - QUEBEC
TORONTO, ONTARIO--
Richard Nemis President of NORONT RESOURCES LTD. (NOT - VSE) is
pleased to announce that they have acquired by staking a 50%
interest in a 117 claim property in Collet and Dieppe Township in
northwestern Quebec.
The property is located 3.0 kilometers northwest of the Cancor
Mines Inc's discovery ("the Gemini Project") Cancor recently
announced drill intersections of 9.67% zinc, 0.20% copper, 57.40
g/t silver and 3.48 g/t gold over 12.81 meters including 11.73%
zinc, 0.16% copper, 60.18 g/t silver and 5.0 g/t gold over 8.27
meters.
Note: Tuesday, August 3, 1999 News Release "Cancor Resumes Gemini
Drilling"
Previous operators and Cancor had based their exploration efforts
on an assumed north-south strike direction. Based on a
re-evaluation of the Quebec government airborne magnetic data
released in 1995, Noront has determined that the favourable
felsic volcanic package extends northwest through the recently
staked property. Felsic volcanics have also been located on a
property held by Falconbridge immediately to the west.
Noront has received approval for a Quebec Mineral Exploration
Assistance Program grant of $50,000. Noront is preparing to
undertake an exploration and drilling program budgeted at
approximately $120,000. Noront is negotiating the additional
financing of the work through agreements between Noront and a
private Ontario company.
Diamond Drilling Resumes at Windfall Lake Project ,Quebec
Noront and Alto Minerals have been advised by their joint venture
partner Inmet Mining Corporation that it has resumed drilling on
the Windfall Lake property located in Urban Township, Quebec.
This latest drilling follows a recent geological mapping program
and the compilation of the previous encouraging drill results
earlier this year.
On Behalf of the Noront Board;
"Richard Nemis"
Richard Nemis, President
The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Noront Resources Ltd.
350 Bay Street
8th Floor
Toronto, Ontario M5H 2S6
Telephone (416) 864-1456
Telefax (416) 947-0807
E-mail: noront @istar.ca
noront-resources.com |
