A
lot of people in the mineral exploration business spend
decades raising money, acquiring properties and funding
exploration programs with nothing of any significance to show
for it.
Exciting base and precious
metal discovery sparks rush to
James Bay...
More
A
lot of people in the mineral exploration business spend
decades raising money, acquiring properties and funding
exploration programs with nothing of any significance to show
for it.
Exciting base and precious
metal discovery sparks rush to
James Bay Lowlands
After a career of close to 35 years
in the business, Richard Nemis,
presidentofNorontResources,was
still in search of the motherlode
in 2002 when De Beers Canada
and two joint venture partners
reported some interesting drill
results in Ontario’s Far North.
Intrigued, Nemis spent the
next four years acquiring a land
package and negotiating option
agreements to fund exploration.
Today, Toronto-based Noront
Resources is the talk of Bay Street
and Nemis’s phone won’t stop
ringing.
In a year of record exploration
expenditures in Ontario, it’s
Noront Resources’ Double Eagle
project in the province’s James
Bay Lowlands that tops the list of
exciting discoveries.
Drill programs
Thousands of claims
encompassing hundreds of
thousands
Less
