Noront Begins Ring of Fire Exploration Program Near Eagle's Nest
TORONTO, ON--(Marketwired - November 03, 2015) - Noront Resources Ltd. ("Noront") (TSX VENTURE: NOT) today announced that it has started an exploration program close to its Eagle's Nest Mine in the Ring of Fire. Following a thorough review of its exploration data, the company is initiating this program to test high priority targets within three kilometres of Eagle's Nest. The program will initially use ground geophysics and if warranted follow up drilling will be conducted.
The company will employ community members from local First Nations during the course of the exploration activities. This builds on the productive relationships that Noront has established with its community partners.
"We are very happy to be exploring in this highly prospective area once more. One of the reasons it was important for Noront to consolidate the land position was to continue with this exploration effort in a systematic fashion," said Alan Coutts, President and CEO of Noront Resources.
"We are also pleased to be working alongside local First Nation communities as we mutually seek to explore and benefit from development opportunities in the area. It is rewarding to see opportunity and activity come together."
About Noront Resources
Noront Resources Ltd. is focused on development of the high-grade Eagle's Nest nickel, copper, platinum and palladium deposit and the high-grade chromite deposits including Blackbird, Black Thor, and Big Daddy, all of which located in the James Bay Lowlands of Ontario in an emerging metals camp known as the Ring of Fire. www.norontresources.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation.
Forward-looking information is based on reasonable assumptions that have been made by Noront as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Noront to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; that all conditions precedent to the transactions will be met; risks related to government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations (including those contained in the Feasibility Study) and changes in project parameters as plans continue to be refined; problems inherent to the marketability of base and precious metals; industry conditions, including fluctuations in the price of base and precious metals, fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects Noront; stock market volatility; competition; risk factors disclosed in Noront's most recent Management's Discussion and Analysis and Annual Information Form, available electronically on SEDAR; and such other factors described or referred to elsewhere herein, including unanticipated and/or unusual events. Many such factors are beyond Noront's ability to control or predict.
Although Noront has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate as actual results and future events could differ materially from those reliant on forward-looking information.
All of the forward-looking information given in this press release is qualified by these cautionary statements and readers are cautioned not to put undue reliance on forward-looking information due to its inherent uncertainty. Noront disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, except as required by law. This forward-looking information should not be relied upon as representing the Company's views as of any date subsequent to the date of this press release.
Contact
For more information:
Janice Mandel for Noront Resources
janice.mandel@stringcom.com
(647) 300-3853