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Newport Exploration Ltd V.NWX

Alternate Symbol(s):  NWXPF

Newport Exploration Ltd is a Canada-based natural resource company. The Company is engaged in the acquisition and exploration of resource properties. In addition, the Company holds a 2.5% gross overriding royalty interest (the Royalty) on any hydrocarbons produced on certain petroleum exploration and production licenses in Australia. These include licenses being operated and explored by Beach Energy Ltd. (Beach) and Santos Ltd. (Santos), both major Australian oil and gas producers. The Company’s mineral exploration project is the Chu Chua Copper Gold Deposit (Chu Chua), which is located approximately 30 kilometers north of Kamloops, British Columbia. The deposit is a Cyprus-type volcanogenic massive sulfide body hosted in two steeply dipping lenses of massive pyrite-chalcopyrite and magnetite up to 40 meters (m) thick, with a known strike length of 400 m and a known depth of 250 m.


TSXV:NWX - Post by User

Bullboard Posts
Post by fumperbunon Jan 15, 2007 10:42pm
128 Views
Post# 12022873

More Money

More MoneyI am hoping NWX management will promote this to a buck and then do another financing. Let's hope they have bigger plans for this company then another 6 month hiatus and hope for good drilling results. I mean of course we want good results but this could easily be promoted to the one or two dollar range to provide this company with money for a couple of years. Then again Pinetree is in for a reason. Here's hoping for sooner rather then later.
Bullboard Posts