TSXV
Trading Symbol: NOT July 19, 2007
NORONT
RESOURCES LTD. WINDFALL LAKE PROPERTY
URBAN TOWNSHIP, QUEBEC, CANADA
In
a continuing effort to keep Noront Resources Ltd.
shareholders
updated on the Company’s projects, the Company
advises
with respect to its Windfall Lake gold project located
in
Urban Township, Quebec, as follows:
The
Company has completed the application to the Quebec
authorities
for the issuance of a permit to complete a proposed
exploration
decline in order to complete underground bulk sampling
proposed
on the Windfall project (see press release dated
December
29, 2006). The company has encountered significant
gold intersections
in previous drilling on the property (see
www.norontresources.com
) and the goal of the bulk sampling program is to
establish
continuity of the gold mineralization and to hopefully
define
a resource for further development.
The
Company has put out tenders to a number of contractors
and
is reviewing various bids to complete the surface work
necessary
to begin the proposed exploration decline and bulk
sampling
program. Surface work includes collaring the
exploration decline
with all necessary ground support infrastructure as
well as
the construction of a settling pond and various waste,
ore
and storage pads as required by law.
Tenders
for the completion of the proposed underground
sampling program
will be issued very shortly and upon receipt of the
bids,
a decision will be made based on these costs and any
other
factors that may effect the project at that time to
proceed
with both the surface and underground work proposed.
The
exploration decline and bulk samples being proposed
are in
two phases. The first phase includes 1351 meters of
decline
at a 12% grade to access the first areas of bulk
sampling
in an attempt to establish the continuity of the gold
mineralization
encountered in surface Diamond drilling to date.
Should the
company proceed to phase two, a further 1546 meters of
decline
will give access to a number of other target locations
and
provide for the extraction of further bulk
samples.
The
Company continues to employ two Diamond drills on the
property,
partly to assist in planning the proposed exploration
decline
and partly to follow-up on a number of mineralized
zones indicated
in previous drilling. This work is being carried out
on Noront’s
100% owned claims and on the claims the Company
optioned from
Murgor Resources Inc and Freewest Resources Canada
Inc. (See
press release dated February 5, 2007).
The
Company proposes to expand the existing exploration
camp to
accommodate up to 50 men. The camp and all its
appurtenances
will be assembled as soon as the underground
exploration program
has received all final approvals.
Finally,
the Company has expanded its service contract with
Genivar
SEC of Val d’Or (Quebec) to include management,
supervision
and detailed engineering required on the
project.
Stock
Option Grant
The Company is pleased to report that it has secured
the services
of Mr. Ray Penny B.Sc to supervise the ongoing Diamond
drill
program at Windfall Lake and the Directors have
approved and
granted to Mr. Penny a stock option for 50,000 shares
at an
exercise price of $0.60 expiring on the 17th day of
July,
2012.
Noront
is a tier 2 junior resource company on the TSX Venture
Exchange,
trading symbol NOT, with 90,300,807 shares issued to
date.
For
further information, please contact Richard Nemis at
416-864-1456,
or visit the Company’s web site www.norontresources.com
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.
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