No pot of gold here. My calc shows about $90 per tonne. I don't see how that can be economic. Is there a claim fight going on.
NORONT RESOURCES LTD. NORONT IDENTIFES LOW-GRADE BULK TONNAGE POTENTIAL AT AT-12
CLAIM STAKING:
On June 17, 2011, the Company staked six mineral claims comprising 32 units on open ground that lies directly to the north of Noront claims 4226694 and 4226662 (and directly south of Fancamp Exploration Limited's claims 3012257 and 3012258). These two 16-unit claims were formerly claims 4221148 and 4221149 of MacDonald Mines Exploration Ltd. Another exploration company active in the Ring of Fire has announced that they have staked these claims.
The Company has filed notice with the Mining Recorders Office contesting the validity of the staking by the other company.
Noront also staked another 16-unit mineral claim, further to east. This claim lies directly to the north of Noront's claim 4226616 and lies on the west shore of McFaulds Lake, and was formerly claim 4212366 of MacDonald Mines Exploration Ltd.
NORONT RESOURCES LTD. NORONT IDENTIFES LOW-GRADE BULK TONNAGE POTENTIAL AT AT-12
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