Noront sheds light on Ring of Fire’s untapped potential

VANCOUVER — The greenstone belt that hosts the nickel-copper-platinum group metal (PGM) and chromite deposits in northern Ontario’s Ring of Fire camp, 540 km northeast of Thunder Bay, is unique compared to other regions in Canada, says Noront Resources’ (TSXV: NOT) president and CEO Alan Coutts. “In our case we have a typical, greenstone belt, but we also have this very large, layered ultramafic intrusion complex and iron formations abutting it. So it had all the right things going on to create the diversity of deposits we see there today,” he tells The Northern Miner during a phone interview. Coutts says the similar belts elsewhere in Ontario and Quebec are less known for their magmatic copper-nickel, PGM and chromium deposits, which include examples such as Balmoral Resources’ (TSX: BAR; US-OTC: BALMF) Grasset copper-cobalt-PGM deposit in northern Quebec, the Raglan nickel-copper-PGM belt in northernmost Quebec, and some in Ontario’s Timmins district. Read the entire story at The Northern Miner.