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Gold/Mining/Energy : Noront Resources (NOT VSE)
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To: Phil Cressman who wrote (40)3/12/1998 6:04:00 PM
From: Phil Cressman  Read Replies (1) of 128
 
Spoke to the company to see if they are having a good rest! Far from it they are juggling a number of projects and promise lots of news over the next month.

Drilling is slated to start in Montreal to further prove up the Altos JV and they're excited about the location (Its in the middle of a low swampy lake, more like a big pond) and on the other side towards which they feel the mineral trends, they have found old pits which may have been early exploration. Rich hits here would extend ore body and confirm their knowledge of the mineralization. Both Noront and ALTOS feel that these six holes, have to be drilled now while water is frozen will allow them to prove the super nature of what they have already found and the huge potential. Noront are happier and happier about tieing up the surrounding properties as their worth will also increase exponentially.

The drilling rigs had problems getting to the base metal target because of unseasonable warm temperatures but should be there any day know. This could be pay day for everyone as everything points to large deposits and if prior drill holes did just skirt the edge it will be BIG.

Noront picked up a number of properties in fertile areas which are coming into favour and news on a potential Platinim play shoud come soon.

Must admit I'm pretty tired with the current stock price but it could look pretty cheap in April. Base metals or Gold I don't care, just dig some up for us.
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