Noront and Aroland First Nation to work together on nickel mine in Ontario

Noront Resources (TSX-V: NOT) signed a memorandum of understanding with the Aroland First Nation to advance the planning process for the development of the Eagle’s Nest nickel-copper-platinum-palladium deposit in the Ring of Fire, northern Ontario.

In a media statement, both parties explained that the MoU contemplates Aroland becoming a shareholder of Noront. The company will issue 150,000 shares to the First Nation.

The deal also entails the establishment of an ongoing working and communication protocol and the initiation of a dialogue regarding economic development opportunities.

Noront previously signed an Exploration and Project Advancement Agreement with the Marten Falls First Nation

"Aroland First Nation is advancing responsible mineral development in collaboration with other area First Nations in what we call the ‘Mining Hub’ that is growing quickly between the Geraldton-Beardmore Greenstone belt and the Ring of Fire," Chief Dorothy Towedo said in the press brief. “Our First Nation is encouraged by Noront’s inclusive approach to advancing mutually beneficial opportunities.”

The Eagle’s Nest mine is expected to produce 3,000 tonnes of ore per day, which will be mined by underground methods and processed to deliver 150,000 to 250,000 tonnes of nickel-bearing concentrate per year.

The mine should reach commercial production three years after permits are received. The anticipated mine life is of 11 years with the potential for nine additional years.

At present, Eagle’s Nest has over 20 million tonnes of measured, indicated and inferred resources containing high-grade nickel mineralization with significant copper, palladium and platinum content.

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Noront chooses Sault Ste. Marie for site of production facility

Noront Resources of Toronto has chosen the Algoma Steel site in Sault Ste. Marie for its ferrochrome production facility.

Four communities – Timmins, Sudbury, Thunder Bay, as well as the Sault – were considered beginning in February 2018. With the help of Hatch engineering firm, they were examined for their environmental and site suitability, capital costs, operating costs, and an assessment of community acceptance of the facility.

The environmental permitting process for the production facility will undoubtedly take several years and involve residents of Sault Ste. Marie and other stakeholders including environmental groups and First Nations.

Noront owns or has interests in several projects in Ontario’s Ring of Fire, including Eagle’s Nest nickel-copper-PGM, Blackbird chromite, Black Thor and Black Label chromite, Big Daddy chromite, McFaulds copper-zinc-silver, Butler zinc-copper-silver, and more. The new production facility would treat concentrates from the Blackbird property beginning in 2028.

The company’s first priority is to finalize the plans and timeline for an all-season road to the Ring of Fire with government and community partners.

(This article first appeared in the Canadian Mining Journal)

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Noront updates progress at McFaulds No.8 VMS discovery

Toronto-based Noront Resources, 85% owner of the McFaulds volcanogenic massive sulphide property in the Ring of Fire, has completed a 2,059-metre copper-zinc focused program at the No.8 deposit. (KWG Resources holds the other 15% of the project.)

Hole MCF-19-102 did not intersect massive sulphide, but returned a very respectable 20.0 metres grading 2.0% copper and 0.1% zinc within a zone of abundant copper laminations and stringers. The intersection formed part of a 36.6-metre section that graded 1.2% copper and 0.1% zinc.

Noront said in a news release that a 25-metre wide zone of strong garnet-magnetite alteration with an associated zinc-lead-silver anomaly has been drilled immediately beneath the copper zone. The horizon appears similar in character to the No.10 zone, which suggests the two hydrothermal systems (No.8 and No.10) overlap in the area.

A second phase of drilling at McFaulds is in the planning stages.

(This article first appeared in the Canadian Mining Journal)

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