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Gold/Mining/Energy : Noront Resources (NOT VSE) -- Ignore unavailable to you. Want to Upgrade?

To: Smithy who wrote (30)	2/20/1998 6:41:00 AM
From: Sapper	Respond to of 128

This is what we have been waiting for - very impressive! Windfall Lake drill results Noront Resources Ltd NOT Shares issued 16,986,812 Feb 12 close $0.41 Fri 20 Feb 98 News Release See Alto Minerals Inc (ATO) News Release Mr Gary Zak reports The company has received results from the phase 2 diamond drill program on the company's 50/50 joint venture Alto/Noront Windfall Lake gold and base metal project in Urban Township, Quebec. The latest diamond drill program continues to confirm the company's belief that the Windfall Lake property, due to the significant areal extent of mineralization discovered to date, has the potential to host a large open pit resource in gold and base metal mineralization. The recent followup drilling has now extended the mineralization along a strike length of approximately 250ms and across a 600m mineralized zone and continues to remain open on strike in either direction and at depth, with the better grades to date appearing to have been obtained from the most easterly drill holes over an IP target approximately 2km in length and open. Several zones can now be correlated within the mineralized zone and it is noted that sulphide mineralization is virtually present over the entire length of each hole with most holes having stopped in mineralization and all carrying anomalous to significant gold values. The gold is associated with pyrite mineralization in extensively altered felsic volcanics. This gold mineralization is further associated with a rhyolite vent or dome in the vicinity of the recent drilling. The joint venture's geologists and consultants are currently carrying out a detailed study of the data to establish a model in order to facilitate future drilling in an effort to extend this large newly discovered gold system. A summary of the latest four diamond drill holes are as follows: Hole No. 4 was drilled to a depth of 300ms to undercut hole 97-2 and to test a separate weak IP anomaly. Two zones of strongly anomalous gold mineralization were intersected. Interval Length Au (m) (m) (g/t) 48.08- 48.74 0.66 1.54 63.20- 67.00 3.80 1.26 Hole No. 5 was drilled southeast of 97-3 to a depth of 201m and was intended to test a gold section intersected in hole 97-3 at depth. Hole No. 5 intersected several heavy sulphide zones. The most significant intersection returned was 485 g/t gold and 45 g/t silver over 0.68m. This section can be correlated with an assay of 19.2 g/t gold over 0.52m in hole 97-3. Check assays for the high grade intersection returned 495,500 and 279 g/t gold. Interval Length Au (m) (m) (g/t) 72.72- 74.38 1.66 .78 115.60-116.70 1.10 3.42 122.57-123.92 1.35 1.02 142.8 -152.32 9.52 35.18 (uncut) Incl 142.80-143.60 0.80 1.43 143.60-144.30 0.70 1.54 144.30-145.76 1.46 0.40 145.76-146.08 0.32 3.80 146.08-146.94 0.86 1.07 146.94-151.64 4.70 0.18 151.64-152.32 0.68 485.20 Hole No. 6 was drilled to a depth of 231m to test the Trench zone which assayed 9 g/t gold over 3m. A zone of sulphide mineralization, highly anomalous in gold was intersected. The lower portions of this zone may be correlated to the higher grade zones in holes 97-3 and 98-5. Interval Length Au (m) (m) (g/t) 6.43- 6.89 .46 2.3 94.40- 94.78 .38 3.1 104.16-104.46 .30 2.0 153.84-154.8 .96 8.5 156.69-157.45 .76 7.0 Hole No. 7 collared on the adjacent 75 claim Alcane property, a 50/50 joint venture with Aurcana Corp was drilled to test a soil zinc anomaly. The hole returned some narrow anomalous gold zones within felsic tuffs. A silicified felsic volcanic with 2% zinc and 10 g/t silver from 135.1 to 135.74m was also intersected. Hole No. 8 was drilled to a depth of 327m to test a northeast extension of the Trench zone and failed to encounter the zone. However, one section of gold mineralization averaged 29.1 g/t gold over 0.82m at a depth of 184.84 to 185.66m. This zone may correlate with 18.0 g/t gold over 0.64m in hole 97-3. The company is highly encouraged by the most recent results. To date, the results have indicated a strong correlation between gold and sulphide mineralization over an extremely large portion of the property. Additional geophysical methods are planned to better define the newly discovered zones and additional multiple targets. Further work on the property is planned to resume shortly. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com