TORONTO, July 7, 2011 /CNW/ -- TORONTO, July 7, 2011 /CNW/ - Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) is pleased to report initial metallurgical results for the Eagle's Nest deposit, part of the Company's McFaulds Lake Project in the James Bay Lowlands, Ontario. During the 2010 drill program, a series of holes were drilled into the Eagle's Nest nickel, copper and PGM deposit in order to obtain samples for metallurgical testwork. The metallurgical samples were shipped to SGS's Lakefield's independent metallurgical test facility where all testwork has been completed. Upon arrival at SGS Lakefield, the samples were composited into the following two main sample types deemed to be representative of the deposit: -- Upper Blend: 75% net textured 25% massive material -- Lower Blend: 90% net textured 10% massive material The Upper Blend comprised samples representing mineral resources above the 275 meter level and the Lower Blend represented mineral resources below this level. The objective of the flotation testwork was to produce a bulk copper-nickel PGM concentrate that met the specifications of conventional nickel smelters. The metallurgical composites were used in number of initial batch tests to define preliminary process criteria such as reagent consumption, grind size and flotation grade/recovery relationships. Once basic parameters were determined in the batch tests, the flowsheet was to be modeled in a series of locked-cycle flotation tests designed to simulate actual closed circuit operation. For the Lower Blend tests an additional batch test was completed to evaluate the impact of additional reagents on improving the concentrate grades. The Locked Cycle test results for the Upper Blend are summarized below: __________________________________________ |Concentrate Grade and Recovery Upper Blend| |__________________________________________| | |Feed Sample|Concentrate| Recovery | |______|___________|___________|___________| |Wt% | 100% | 22.40% | - | |______|___________|___________|___________| | | | | | |______|___________|___________|___________| |Grades| | | | |______|___________|___________|___________| | Ni | 3.40% | 13.10% | 86.40% | |______|___________|___________|___________| | Cu | 1.74% | 7.47% | 96.10% | |______|___________|___________|___________| | Pt | 1.8 gpt | 6.22 gpt | 77.40% | |______|___________|___________|___________| | Pd | 5.83 gpt | 23.5 gpt | 90.30% | |______|___________|___________|___________| | Au | 0.37 gpt | 1.53 gpt | 92.50% | |______|___________|___________|___________| | Ag | 3.56 gpt | 13.1 gpt | 82.50% | |______|___________|___________|___________| The Lower Blend was tested in both a locked cycle test and subsequent batch test to improve concentrate grade by utilizing additional reagents. The batch test showed similar nickel recoveries but improved the bulk concentrate by depressing the flotation of talc. The Lower Blend sample test results are summarized below: __________________________________________ |Concentrate Grade and Recovery Lower Blend| |__________________________________________| | |Feed Sample|Concentrate| Recovery | |______|___________|___________|___________| |Wt% | 100% | 16.50% | - | |______|___________|___________|___________| | | | | | |______|___________|___________|___________| |Grades| | | | |______|___________|___________|___________| | Ni | 2.22% | 12.90% | 83.70% | |______|___________|___________|___________| | Cu | 0.98% | 6.14% | 87.30% | |______|___________|___________|___________| | Pt | 1.13 gpt | 4.84 gpt | 71.00% | |______|___________|___________|___________| | Pd | 5.2 gpt | 17.2 gpt | 74.30% | |______|___________|___________|___________| | Au | 0.27 gpt | 0.55 gpt | 33.10% | |______|___________|___________|___________| | Ag | 3.25 gpt | 12.4 gpt | 63.20% | |______|___________|___________|___________| Mr. Paul Semple, P.Eng  and Noront's Chief Operating Officer noted "These positive results confirm the metallurgical assumptions made during the NI 43-101 Preliminary Assessment report and the metallurgical characteristics are similar to most other Canadian nickel copper deposits. Further testwork will focus on finalizing equipment sizes and the optimization of grade/recovery relationships based on further discussions with interested smelters." This press release has been reviewed and approved by Mr. Richard Gowans, P.Eng. President of Micon International, a Qualified Person as defined by NI 43-101. Mr. Gowans is a professional metallurgist and also is Micon's Project Manager leading the technical studies. About Noront:  Noront Resources Ltd. is focused on its significant and multiple, high-grade nickel-copper-platinum-palladium, chromite, gold and vanadium discoveries in an area known as the "Ring of Fire", an emerging multi-metals district located in the James Bay Lowlands of Ontario, Canada. Noront is the dominant land holder at the Ring of Fire and continues to delineate and prove up its discoveries with NI 43-101 technical and economic reports and an aggressive and well financed drill and development plans. All material information on Noront, including all NI 43-101 reports on Eagle's Nest,  can be found on the Company's website at www.norontresources.com or at SEDAR at www.sedar.com  For further information please contact Noront at (416) 367-1444, or visit Noront's website at: http://www.norontresources.com. Wesley (Wes) Hanson President & Chief Executive Officer FORWARD LOOKING STATEMENTS This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts.  Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion, growth of the Company's businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.  Forward-looking statements are based on a number of material factors and assumptions, including, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted.  Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of gold; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company's publicly filed documents. Although Noront has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.   To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/July2011/07/c3963.html p please contact Noront at (416) 367-1444, or visit Noront's website at: a href="http://www.norontresources.com"http://www.norontresources.com/a. /p

Copyright

Grafico Azioni Noront Resources (TSXV:NOT)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di Noront Resources
Grafico Azioni Noront Resources (TSXV:NOT)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Noront Resources