Shooting for double eagle.

• Author: Larmour, Adelle
• Position: SPECIAL REPORT: MINING

Noront Resources Inc.'s Double Eagle property has taken flight with its new nickel/copper discovery in the Sachigo Greenstone Belt area in the James Bay Lowlands.

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In northeastern Ontario, this global junior miner began building its McFauld's Lake property four years ago, located approximately 50 kilometres east of Webequie. Continued staking and land acquisitions have substantially increased the land claims from its original 8, 528 hectares.

"I'm increasing our land package dramatically and there is a lot of competition," says president and CEO Richard Nemis, which he describes as a "mini-staking rush."

Double Eagle lies adjacent to the Spider/KWG's properties, where seven copper-zinc mineralized bodies have been discovered, according to Spider Resources website. Nemis, who is native to Sudbury and partial to the North, says they are looking for the "mother load," with the hope of forming the next base-metal camp, adding that it would be very significant for Northern Ontario.

"You can see the area has the possibility of many more discoveries and you want to own as much land in there as you can," he says. "We've already established there are smaller deposits, but you're always looking for that mother load that will pay for the infrastructure."

Noront Resource's most recent drill-hole number five has generated great interest. Nemis says it showed 120 metres of mineralization starting seven metres from the overburden. "It has about 60 or 70 m of massive sulphides on it." Curious about this finding, currently they are drilling hole six under hole five.

At the time of writing, they were still awaiting assay results. Nemis is encouraged by the mineralization discovered in this hole and believes they may see platinum, palladium and gold, similar to the Sudbury or Voisey Bay's nickel deposits.

"The setting is very similar," he says. "People are beginning to...