Noront announces high grade assay results at Eagle's Nest and provides exploration update (20/07/10)

Noront Resources has published drill assay results from 15 holes at its McFaulds Lake property in the James Bay Lowlands.

The company drilled seven holes at its Eagle Nest deposit and eight at its AT12 site, noting that it continues to "significantly increase" the resource at the former.

One of the highlights at Eagle's Nest was NOT-10-083, which intersected 87.4m, averaging 1.93 per cent nickel (Ni), 0.82 per cent copper (Cu), 1.8g/t platinum(Pt) and 3.17g/t palladium (Pd).

This included 7.5m averaging 4.83 per cent Ni, 1.85 per cent Cu, 11.14g/t Pt and 6.69g/t Pd.

NOT-10-087A intersected 89.3m, averaging 2.49 per cent Ni, 0.99 per cent Cu, 0.85g/t Pt and 3.97g/t Pd, including 13.8m averaging 6.97 per cent Ni, 1.03 per cent Cu, 0.7g/t Pt and 7.72g/t Pd.

In addition, NOT-10-084 intersected 89.2m, averaging 1.75 per cent Ni, 0.87 per cent Cu, 0.8g/t Pt and 3.29g/t Pd, including 5.2m averaging 5.21 per cent Ni, 2.54 per cent Cu, 0.81g/t Pt and 11.10 g/t Pd.

Meanwhile, the main bright spot at AT12 was NOT-10-2G41, which intersected 146.5m, averaging 0.24 per cent Ni, 0.04 per cent Cu, 0.08g/t Pt and 0.21g/t Pd.

Noront Chief Executive Wes Hanson revealed that the company is optimistic of locating further new nickel, copper and pgm mineralisation in deposits close to Eagle's Nest.

"We have interpreted, tested and proven where and why mineralisation occurs in the Eagle's Nest deposit and are now ready to apply that knowledge elsewhere within our land position," he said.

"This knowledge, combined with the results of the deep penetrating ground geophysics currently underway, will allow us to identify and prioritise new drill targets proximal to the Eagle's Nest deposit."

Best still to come for Ring of Fire discoveries – Noront (23/07/10)

Noront is hoping to complete a feasibility study on the project, which is located in the Ring of Fire mining camp in north-eastern Ontario, in the second half of next year.

Mr Hanson revealed that if the results are positive, the construction of a new mine will commence in 2012, with first production expected within three to five years.

In an interview with Mining Weekly, he also announced that Eagle's Nest would probably offer between 20 and 25 per cent of its sales in platinum and palladium.

"It's still a very early stage exploration camp and the major discoveries are still to be found," he told the news provider.

"[But] Eagle's Nest is a very valuable asset … and it could be the start of the next major mining company."

Wallbridge Mining Reports on Activities in Sudbury, Duluth and British Columbia (27/07/10)

Wallbridge Mining Company has issued an update on its activities at its three major mining assets.

Exploration work has commenced at the firm's properties in Sudbury with a 4,900m drilling programme at the Parkin Offset Dyke site, which is being funded by Impala Platinum.

In addition, Wallbridge is testing several properties as part of the Sudbury Camp Joint Venture with Lonmin, the world's third-largest platinum producer.

The company also announced that Duluth Metals, which was spun out of Wallbridge in 2005, has signed a $130 million deal with Antofagasta to speed up work at the Nokomis copper-nickel-pgm deposit.

And finally, drilling is underway at seven copper-gold-molybdenum properties belonging to Wallbridge in British Columbia, Canada.

Gold Fields: Miner to revisit its Finland prospect (06/08/10)

Gold Fields has revealed that it will start a new investigation into its Arctic Platinum Project in Finland.

The company is set to conduct a six-month pilot on a new process called Platsol, which involves the pressure oxidation of polymetallic flotation concentrates.

After placing pgms and other base metals in the autoclave at the same time, they can then be recovered individually using conventional methods such as precipitation or SX-EW.

The Arctic Platinum Project has a resource of 12 million ounces of platinum and palladium.

Anglo Platinum Earns 51% Interest in Solitario's Pedra Branca Platinum-Palladium Project, Brazil (09/08/10)



Anglo Platinum increases stake in Brazilian PGM project (09/08/10)

Anglo Platinum has completed its $1.5 million funding for an exploration programme at Solitario's Pedra Branca platinum-palladium project, taking its interest in the operation to 51 per cent.

The world's largest platinum producer, which has invested $7 million in the Brazilian project as part of a joint venture, will now oversee a 3,000m core drilling programme, starting next month.

"We are very pleased with Anglo Platinum's decision to continue funding Pedra Branca, which we believe represents the most advanced pure platinum-palladium project in South America with over 300 holes drilled to date," said Solitario President and Chief Executive Chris Herald.

"The Pedra Branca project hosts eight separate deposits of shallow platinum-palladium mineralisation. We continue to discover potential new areas of mineralisation on our large 70,000-hectare property position." 

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