Noper, it was Burnt Hill. Noront Res. There was some adit into it and a pre 43-101 resource. I know the people who did the original resource calc on it a few years ago. Maybe 2.
It's in NB too.
From Roskill -->
Report highlights
Chinese consumers are now the largest users of primary tungsten consuming an estimated 20,000tW, or 33% of the global total in 2005. This compares to 9,000tW and 25% in 1996. The other main areas of consumption in 2005 were Europe (16,150t or 27%), the USA (8,800t or 15%) and Japan (7,950tW or 13%).
The main use for tungsten is in the manufacture of cemented carbides, or hardmetals, which accounted for an estimated 58% of the world consumption of tungsten in 2005. The steel sector represented around 17% of global consumption, as tungsten is used in tool, stainless and full alloy steels, as well as in superalloys.
The pattern of tungsten consumption varies sharply from country to country. In the USA, tungsten mill products are relatively more important than in other industrialised countries, accounting for 40% of US demand compared to 7-11% in Europe, Japan and China. By contrast, chemical and other applications have a greater importance in Japan, representing 26% of tungsten demand, compared with less than 6% in Europe and China and under 2% in the USA.
The average annual price of tungsten fluctuated between US$40 and US$65/mtu between 1990 and 2004. Growth in demand combined with lower availability of Chinese material saw prices more than double in 2005 to an average of US$123/mtu. Prices have remained at this level in 2006.
If the Chinese government is able to control domestic production levels then prices for tungsten seem destined to remain at the current levels, if not rise further. However, high prices will encourage recycling and the opening of new mines outside China, especially in Australia, Canada, the USA and Vietnam.
Noront Resources Ltd.: Burnt Hill Tungsten Project New Brunswick, Canada July 5, 2005
The Company stated in the June 22, 2005 Press Release that "it is possible that the tenor of the mineralization will increase at depth as the margin of the underlying intrusion is approached. It is expected that the grade of accessory metals such as tin, molybdenum and bismuth could increase with depth".
There are several lines of evidence for this.
1) Nearby properties such as Tin Hill are interpreted to be at a deeper erosional level and hence slightly more proximal to the source intrusion. As the name implies Tin Hill is dominated by tin mineralization and apparently reflects a near intrusive enriched tin environment.
2) The conceptual Gemcom modeling by P & E shows that on a level by level basis through the deposit the existing data for Molybdenum reflects an increasing Molybdenum content with increasing depth. No data are available for tin.
3) Reportedly some of the deeper holes at Burnt Hill had visible tin mineralization.
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While these observations and general data are not conclusive proof of increasing metal grades with depth they are at least consistent with a general geological model that allows for such a possibility.
The Company is encouraged about the prospects for its Burnt Hill tungsten project, especially given recent increases in the price of tungsten. Although tungsten is currently in a rising price trend, (see metalprices.com ), the potential investor is cautioned that there cannot be any assurance that the price of tungsten will continue to increase or even maintain current levels and price volatility could occur. Professional metal companies such as Roskill ( roskill.co.uk ) maintain websites that generally provide a balanced view of historical and predicted metal price trends and a potential investor is referred to such internet sites for more information on the subject.
The Qualified Person responsible for overseeing and reviewing the technical data on the Burnt Hill project is Dr. W. D. Ewert. P.Geo. The technical information prepared for disclosure in the Burnt Hill news releases has been approved by Dr. Ewert P.Geo.
Noront is a Tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 46,341,741 shares issued to date.
Richard Nemis
President and Chief Executive Officer
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