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#RingOfFire (#RoF) News – October 4, 2017

  • Liberals fight back over Tory claim no progress on Ring of Fire –A Tory MPP says the Ring of Fire was discovered 10 years ago and he’s blasting the Liberals for making virtually no progress to develop the site. Norm Miller of Parry Sound-Muskoka says in 2014 the Liberals committed $1 billion dollars on infrastructure for the site.   But Miller says that’s all the Liberals have done … David Zimmer, the Minister for Indigenous Relations and Reconciliation, says progress has been made and cites a joint government transportation corridor study as proof.   He says the study, worth nearly $800,000 links several First Nations in the Ring of Fire region …”
  • Wanted at MNDM: Ring of Fire Intern  “… As part of the Ring of Fire Aboriginal Community and Stakeholder Relations team, bring your knowledge of Indigenous culture, project management and research skills, and apply your communication skills by  providing project planning and implementation in support of the ministry’s Indigenous initiatives; engaging with Indigenous communities and other ministries and clients; tracking project activities, including reviewing and monitoring project progress, key deliverables, timelines and budgets; assisting in the development of workshops and preparation of presentations, work plans, briefings and reports; conducting research and analysis for program initiatives and participating in the development of standards, processes and performance measures; participating in various committees and working groups …” Job posting + job description (PDF)
  • KWG raising some funds … “Convertible Debenture Placement Completed – KWG Resources has completed the private placement of a $500,000 debenture convertible into units with a deemed value of $21 per unit, plus an Option to acquire a further such debenture at any time within 120 days …”
  • … while Noront provides an update …Noront Provides Drill Program Update on McFaulds Property in Ring of Fire … The three-hole program—totaling 1,387 metres—was completed in early September. The most notable results were from drill hole MCF-17-88 which intersected 18 metres of anomalous copper-zinc mineralization, including 9.0 metres grading 2.0% copper, 3.6% zinc and 7.8 grams per tonne silver from 557.3 to 566.3 metres down hole. This intersection is located northeast and approximately 175 metres into the footwall of the McFaulds No.3 deposit (see Figure 1 for location) and is believed to represent a new volcanogenic massive sulphide (VMS) mineralized horizon (not intersected in historic drilling) which has been named McFaulds No.8 … Crews are being organized for a follow-up drill program at McFaulds No.8. In addition, geophysical contractors will conduct a more extensive bore-hole EM program in the vicinity of known VMS occurrences with the aim of identifying additional untested conductors at depth …”
  • … and continues to draw analyst attention Are the Quant Signals Leaning a Certain Way on Noront Resources Ltd.? (27 Sept 2017)
  • Noront Resources Ltd. Valuation Score Card Under Review” (28 Sept 2017)
  • Noront Resources Ltd: Tracking the Technicals” (28 Sept 2017)
  • Quick Glance at Noront Resources Ltd. Shares” (1 Oct 2017)
  • When Will Noront Resources Ltd (TSXV:NOT) Need To Raise More Money?” (4 Oct 2017)
  • Elsewhere in the Ring … Copper Lake Resources Ltd.: Provides Corporate Update … The recent announcement by the Ontario government concerning funding for the Ring of Fire serves to increase our confidence in the Norton Lake property, which is in the southern Ring of Fire. The proposed all-season access road to the mineral-rich region will follow a north-south alignment from around Pickle Lake, which will bring the road very close to our Norton Lake property. Environmental assessments are expected to begin by January 2018 and construction of the road is planned to begin in 2019, pending all necessary approvals. This will significantly add to the value of the Norton Lake property, which has a 43-101 resource estimate of 2,258,654 tonnes (measured and indicated) at 0.67% Ni, 0.61% Cu, 0.03% Co and 0.46 g/t Pd. The mineral resource was calculated using a 0.3% Ni cut-off …”

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