Noront Takes Another Step Forward in Ring of Fire Development
December 20 2013 - 2:19PM
Marketwired
Noront Takes Another Step Forward in Ring of Fire Development
TORONTO, ONTARIO--(Marketwired - Dec 20, 2013) - Noront
Resources Ltd. ("Noront") (TSX-VENTURE:NOT) has completed a
coordinated Federal/Provincial Environmental Impact Statement and
Environmental Assessment Report ("EIS/EA") for its Eagle's Nest
Project. A draft copy will be circulated for comment to the
Canadian Environmental Assessment Agency (CEAA) and the Ontario
Ministry of the Environment (MOE) tomorrow (December 21, 2013). A
copy will also be available on the Company's website for comment by
interested parties (www.norontresources.com).
Work on the EIS/EA
Report was initiated by Noront in 2009 and includes baseline
environmental studies that examine the mine site, the access road
corridor and a railcar loading site. The studies were designed to
comply with requirements set out in the EIS Project Guidelines
provided by CEAA, and are consistent with the Terms of Reference
submitted by Noront to the MOE.
"Completion of a
draft EIS/EA Report marks an important milestone for Noront," said
Alan Coutts, CEO of Noront Resources. "We believe that Eagle's Nest
will be the first mine developed in the Ring of Fire and this
brings us one step closer toward achieving that goal. We look
forward to receiving comments from the provincial and federal
governments as well as any other interested parties."
All comments will be
considered prior to formal submission of the Report to CEAA and the
MOE in early 2014.
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. www.norontresources.com
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.
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.Janice Mandel(647)
300-3853janice.mandel@stringcom.comwww.norontresources.com
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