OTCPK:NOXOF - Post by User
Comment by
santi69on Jun 12, 2013 3:05pm
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Post# 21516579
RE: Question about the NOX deposit.
RE: Question about the NOX deposit. It is too early to answer your question at this time. From the 4 April 2013 news release the company offered the following for some of the drill areas:
"We are very pleased with these results, they are in line with what we expected in the North zone" said Michael Iverson, President and CEO of NioGold. He added, "Our investigation of this satellite zone of the Norlartic deposit is part of our goal to develop the huge potential of the Marban Block. The results to date indicate that the North zone as well as the Norlartic and Kierens deposits may be amendable to open pit mining, as widths and grades are similar to the Marban deposit which has been modeled for open pit extraction".
The North zone was drilled between December 7th, 2012 and February 21st, 2013 with one drill. Drilling comprised 4,394.6 meters in 18 holes (one an extension of a 2006 hole). The campaign then continued on the Kierens deposit which was completed March 22nd, 2013. This program utilized up to four drills operating on ice bridges. Results from this program will be reported when received and compiled.