OTCPK:NOXOF - Post by User
Post by
GoldMan22on Jan 09, 2010 10:49am
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Post# 16658969
Future NOX investors, check this out!
Future NOX investors, check this out!https://quote.barchart.com/texadv.asp?sym=NOX.VNhttps://canada.stoxline.com/q_ca.php?s=nox.vhttps://www.americanbulls.com/StockPage.asp?CompanyTicker=NOX&MarketTicker=VSE&Typ=S
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https://www.theaureport.com/pub/co/822NioGold has a large landholding—115 square kilometers in fact—making it the largest in the district, which is located along a number of major geological faults.
The landholding is located along the Trans Canada Highway 117, on a stretch dubbed the Golden Highway, as it links a large number of current and historic gold mines, gold development projects and gold milling facilities. In total 45 million ounces of gold has already been produced along this section of the highway and there are known to be a further 15 million ounces of reserves.
. . .there are also a number of other important facts to understand about the location of NioGold's projects in order to understand the potential of the company. Firstly the properties lie on the two and a half billion year old Abitibi Greenstone belt, which at 270km in length is one of the world's largest Archean greenstone belts and which has already yielded 170M ounces of gold over the last century, yet only 10% of it to date has been explored. A second advantage is that the local infrastructure is excellent, with full-service towns nearby and access to road, rail, power, water, telecommunications gold milling facilities and an experienced labor force, all of which enables exploration and development to be cost effective. Thirdly the properties are in Quebec, which is very supportive to mining.
NioGold thus holds a large landholding at a great address in the heart of one of Canada's most active mining camps in a favorable jurisdiction with excellent infrastructure and with interesting and successful neighbors. The share price currently values the company at C$15m, but the company is seeking to drive this up both by a marketing campaign to spread word about the company in the U.S. and Canada and by intensive drilling to increase resources."