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Strategies & Market Trends : Ride the Tiger with CD

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From: koan	9/14/2007 2:07:21 PM
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Kaiser just released a special on NOT. He said be careful, outlined all of the problems and felt NOT was ahead of itself. Problems, potential legal, Swamp, isolation, aboriginal claims, etc. Having said that he said it could turn ou to be a great area play. I have started taking some profit. Trimming my gainers. This part is important and I am posting as it is just general public knowledge. Mineralization went from 6 meters to 143 meters! On Monday September 10, 2007 Noront Resources Ltd (NOT-V: $3.94) released initial results for its 100% optioned/owned Double Eagle project in the McFauld's Lake area of Ontario's James Bay Lowlands that signal a potentially major new magmatic segregation style nickel-copper discovery. Partial assays for a 67 metre mineralized interval yielded 36 metres of 1.84% nickel and 1.53% copper hosted by a peridotitic unit within an Archean granodiorite and covered by a thin veneer of Ordovician limestones. The target was an electromagnetic anomaly with an inferred strike length of 500 metres located on a couple small claims optioned 100% on nominal terms in May 2007 from a pair of private companies called Condor Diamond Corp and Greenstone Exploration Company Ltd. Noront has completed a 5 hole drill program required by the joint venture agreement to keep these claims in good standing. Hole 2 was drilled at 65 degrees from the same location (Hole 1 was 45 degrees) and has intersected 72.9 metres of similar mineralization that includes a 1.93 metre interval of massive pyrrhotite and chalcopyrite. The gradation of massive to disseminated sulphides leads Noront management to believe that the unit, interpreted as a magmatic segregation style system, has been turned over. Hole 3 drilled 100 meters to the northeast missed the zone and is believed to have undercut it, and Hole 4 drilled 100 metres to the southwest also missed and is believed to have overcut the zone. Hole 5 was drilled vertically 50 metres northeast of Holes 1 and 2 at the magnetic peak and encountered mineralization from 6 m to 143.4 m including massive chalcopyrite (copper), pyrrhotite and pentlandite (nickel) from 47.4 m to 112.6 m. Noront states that Hole 5 was drilled down dip.

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