Nagambie Resources Ltd V.NAG

Primary Symbol: NGMBF

Metals & Mining Gold

Nagambie Resources Limited is an Australia-based natural resources exploration company. The principal activities of the Company include exploration for, and development of, gold, associated minerals including antimony, and construction materials in Australia, and the investigation and development of waste handling assets. The Company is focused on targeting epitherm alantimony-gold mineralized systems across 3,200 square kilometers of tenements in the Waranga Domain of the Melbourne Structural Zone, in Victoria, Australia. The Company's flagship project is the Antimony-Gold Project, which sits in proximity to the gold-antimony mines at Fosterville (Agnico Eagle) and Costerfield (Mandalay Resources). The Antimony-Gold Project is located at the 100% owned Nagambie Mine. Its Whroo Goldfields project is located approximately 130 kilometers (km) north of Melbourne. It also holds interest in Whroo Project, PASS Project, and Sand Project.

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Nagambie Resources Ltd

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Post by sandymackayon Apr 02, 2010 9:42pm

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It would make sense that with the aquisition of the new blue gem property that NAG would also aquire the previous buyer. If that is the case I believe NAG could release news announcing who the buyer is once the contract has been signed. With the speed at which NAG is moving now I believe that we could see this news as early as next week. That would keep momentum going as we move towards permitting on former mine#2. There is no looking back now IMHO as revenue generated from the mines will allow for bigger and better things to come... and we still have L.L. and Sask. too! GXS WHO!

Happy Easter,

SM

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How a junior advances one of the largest undeveloped diamond projects