Noront Resources Ltd.
TSX VENTURE : NOT

Noront Resources Ltd.

February 01, 2007 13:32 ET

Noront Resources Ltd.: Drilling Commences "El Verde" Project, Mexico

TORONTO, ONTARIO--(CCNMatthews - Feb. 1, 2007) - Noront Resources Ltd. (Noront) (TSX VENTURE:NOT) is pleased to advise that it has entered into an agreement for a limited diamond drill program to commence immediately on the Company's "El Verde" zinc, copper, silver project located approximately 26 km north-northwest of the town of Choix in Sinaloa State, Mexico. The Company intends to verify certain historical records that it is in receipt of.

These historical records indicate that the project lies approximately 40 km west of the "Glamis Gold Corp's" El Sauzal Disseminated Gold Deposit and 19 km S.SE of the Pan American's "Alamo Dorado" Deposit and peripheral to the large Santos Thomas Copper Porphyry Deposit 6 km to the east. The records indicate that in the early 1970's the Mexican government (CRM) completed two short diamond drill holes, one of these holes it is reported intersects 26 meters (81ft) of an average 9.6% zinc (Zn) and further that this diamond drill hole went to a depth of 70 meters. The top of the unit drilled appears to be in an oxidized skarn, well leached, abundant hematite, copper oxide, some zinc, oxides calcite and phlogopite. Results at the bottom of this hole returned values over 1.2 meters of 17.10% zinc 2.95% copper (Cu) and just under 2 oz of silver (Ag).

The Company's initial diamond drill program has been designed to verify these historical records and thereafter to expand the mineralization through a thick copper oxide cap thought to overlie the zinc rich sulphide zone. Completion of this initial program will determine the Company's further exploration and/or joint venture plans.

Donald Cross P.Eng. (Ontario) is the qualified person responsible for the review of the technical data contained in the historical reports and in this release.

Noront is a tier 2 resource company on the TSX Venture Exchange, trading symbol NOT, with 89,232,692 shares to date.

ON BEHALF OF THE BOARD OF DIRECTORS

"R. Nemis", President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Noront Resources Ltd.
    Richard Nemis
    President and Chief Executive Officer
    (416) 864-1456
    (416) 367-5444 (FAX)
    Website: www.norontresources.com