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Gold/Mining/Energy : cancor mines -- Ignore unavailable to you. Want to Upgrade?

To: Brumell who wrote (43)	8/12/1999 10:01:00 PM
From: Midas	Read Replies (1) \| Respond to of 66

Brumell: The NORONT press release from Carlson-on-line for those who are interested. 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