Noront Announces Ring of Fire Still Good to Go
TORONTO, ONTARIO -- (Marketwired) -- 06/12/13 -- Noront Resources
Ltd. ("Noront" or the "Company") (TSX VENTURE:NOT) wishes to announce
that its plans for the development of its deposits in the Ring of
Fire have not changed in light of the announcement made by Cliffs
Natural Resources Inc. to temporarily suspend their Environmental
Assessment (EA) activities for its chromite project in the Ring of
Fire. Noront has continuously developed alternative plans, including
the use of an East-West corridor, if the planned North-South access
route proposed by Cliffs did not materialize.
"In addition to supporting a North-South access route, Noront has
always supported an East-West alternative approach for the
development of the Ring of Fire that balances First Nations
objectives, the environment and job growth. We're confident this
alternative will be attractive to each level of government, the local
communities and the people who will benefit from this sensible
approach to stimulating development in the Ring of Fire," said Paul
Parisotto, Noront's Chairman and interim CEO. "We believe this offers
a great opportunity for the private sector, First Nations and
governments to work together to ensure the Ring of Fire can be
developed in a responsible and timely way."
The alternative route for an all-weather road to the Ring of Fire,
which will include access for non-mine traffic from local
communities, balances First Nation objectives, the environment and
jobs in a responsible manner and will allow for the early development
of the high grade nickel deposits in the Ring of Fire.
The proposed route, an East-West all-weather corridor, would build
upon existing winter roads to minimize environmental impact and cost.
As a result, this routing would also directly benefit four Matawa
First Nations and can be developed in a more timely fashion. It is
expected this route could be expanded to support further developments
in the Ring of Fire.
"We have been consulting and working with First Nations throughout
our Environmental Assessment process. We believe the East-West road
capitalizes on existing infrastructure, will support local
communities, minimize environmental impact and ignite development in
the Ring of Fire and in all of our discussions we have maintained the
East-West corridor as a viable alternative in opening up the Ring of
Fire," added Paul Semple, Chief Operating Officer of Noront.
Noront is in the final stage of its Environmental Assessment for
their Eagle's Nest Project and still intends to submit an EA to
government this fall.
About Noront: Noront Resources Ltd. is focused on development of the
high-grade Eagle's Nest nickel, copper, platinum and palladium
deposit and the high-grade Blackbird chromite deposit, both of which
are located in the James Bay Lowlands of Ontario in an emerging
metals camp known as the Ring of Fire.
For further information please contact, at, or visit Noront's website
at www.norontresources.com or search the Company's publically filed
documents on SEDAR at www.sedar.com.
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.
Noront Resources Ltd.
Chairman and Interim CEO
(416) 367-5444 (FAX)
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