Shares Outstanding: 163,631,957
Fully Diluted: 173,461,957
TORONTO, Nov. 2 /CNW/ - Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) is pleased to announce that they have retained SNC-Lavalin Inc. to complete an Infrastructure and Transportation Study for the McFaulds Lake Project. The Study is intended to review all potential transportation alternatives and routes from site to existing permanent infrastructure such as road and rail lines in Northern Ontario.
The study is intended to be in two phases with the first phase to be completed in the first quarter of 2010. The first phase will evaluate all options and recommend a preferred route and method of all season access into the site. The first phase will also define a work program required to minimize the transportation risks in support of a Feasibility Study. Assuming successful completion of the early phases and the subsequent field work, the Feasibility Study on Infrastructure and Transportation will be completed by the fourth quarter 2010.
Mr. Paul Semple Noront's Chief Operating Officer commented, "We are very happy to have SNC-Lavalin as the newest member of our growing technical team. SNC-Lavalin brings a wealth of global experience in challenging locations as well as the development of major infrastructure projects. Their recent experience in our project vicinity, as well as similar developments such as the Bathurst Inlet Port and Road and their policies in working with Aboriginal Groups will prove extremely beneficial to the advancement of this part of our project."
SNC-Lavalin (TSX:SNC) is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure, and in the provision of operations and maintenance services. The SNC-Lavalin companies have offices across Canada and in over 35 other countries around the world and are currently working in some 100 countries.
Noront Resources Ltd. is focused on its significant and multiple, high-grade nickel-copper-platinum-palladium, chromite, gold and vanadium discoveries in an area known as the "Ring of Fire", an emerging multi-metals district located in the James Bay Lowlands of Ontario, Canada. Noront is the dominant land holder at the Ring of Fire and continues to delineate and prove up its discoveries with NI 43-101 technical and economic reports and an aggressive and well financed drill plan for the remainder of 2009 and 2010. All material information on Noront can be found on the Company's website at www.norontresources.com or at SEDAR at www.sedar.com
Wesley (Wes) Hanson
President & Chief Executive Officer
FORWARD LOOKING STATEMENTS
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.
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.
SOURCE NORONT RESOURCES LTD.
For further information: For further information: please contact Joanne Jobin, Vice President Corporate Communications at (416) 367-1444, or visit Noront's website at: http://www.norontresources.com.