Noront Resources is engaging with Marten Falls, Webequie and Neskantaga First Nations to advance community consent for the development of its nickel-copper-PGM Eagle’s Nest project in Northern Ontario’s Ring of Fire.
"We believe that having a common view toward resource development and effective partnerships in place with Marten Falls, Webequie and Neskantaga First Nations are the keys to the timely and successful development of the Ring of Fire," said Noront Resources president and CEO Alan Coutts.
In a statement issued January 17, the company warned that the provincial government's stated goal of beginning work on a road to the site by 2018 is being jeopardized by lack of progress in discussions between the province and the Matawa Tribal Council at the Regional Framework Table.
The timing for development of the Company's Eagle's Nest Mine is tied to the delivery of the shared access all-season road.
In 2017, Noront will continue exploration of its properties in the Ring of Fire with a focus on on the nickel-copper-platinum-palladium deposits along strike from Eagle's Nest and further into the footwall where several prospective geophysical targets have been identified.
The Company will also conduct a focused drill core re-logging program to advance its McFaulds copper-zinc VMS property, coupled with high-resolution airborne magnetic surveying, and advance its gold targeting initiatives with a full-scale compilation and review program.
Past drilling near the Eagle's Nest deposit has intersected several narrow high-grade gold-bearing structures, including one intersection of 18.3 grams per tonne over 1.5 metres.
