Remember my last post. Insider trades for me indicate trends. Some people shot me down but most of you were okay with what I posted. I for one sold at 1.04 averge and made some nice coin getting in at thirty cents. Not sure where McCoach is with this stock today but I am sure he made his money.. I did move half of my money into NOX Niogold. I did my DD and they are 43 101 compliant, have a huge property and note that Pinetree Cap is buying. Here is some more info and remember do your own DD and always get your investment plus 20% out when these penny stocks run.
VAL-D'OR, Quebec, Mar 18, 2010 (GlobeNewswire via COMTEX) -- NioGold Mining Corporation /quotes/comstock/11v!nox (CA:NOX0.28, 0.00, 0.00%) (Frankfurt:NG1) (Other OTC:NOXGF) is pleased to provide updates on exploration drilling in the Malartic gold camp, Abitibi, Quebec.
The on-going program is intended to locate and investigate the main strands of the Norbenite-Marbanite deformation corridor on trend to the east and west of the known gold deposits. Three major shears zones are recognized in the southeast part of the Company's Malartic property. These structures are the main controls on gold mineralization as they host the current NI 43-101 compliant resources defined at the Marban and Norlartic-Kierens deposits (News Release: January 28, 2010) and the North Zone.
Summary of results of economic interest are provided:
-- Hole MB-10-101 returned an intersection of 31.2 g/t Au over 1.3 m and 5.2 g/t Au over 1.2 m at the Marban NE target, located one km northeast of the Marban deposit. The hole was drilled as a follow-up to holes MB-07-021 and MB-07-022, drilled in 2007, which returned intersections of 6.2 g/t Au over 1.2 m and 4.4 g/t Au over 1.1 m, and 4.1 g/t Au over 1.0 m and 20.7 g/t Au over 1.0 m, respectively. Gold values of economic interest at Marban NE are found in sheared or fractured mafic volcanics close to altered and mineralized porphyry intrusions. The occurrence is interpreted to represent the east extension of the North shear where limited past drilling was conducted outside the North Zone. -- Hole MB-10-098 tested the extension of the Marbanite shear zone, 450 meters to the east of NioGold's previous drilling on the Marban deposit. The hole returned a best intersection of 23.2 g/t Au over 1.2 m, opening up the potential to the east to increase the Marban resources. -- Drilling identified three important shear zones containing sections of sulphide mineralization to the northwest and on trend with the Norlartic-Kierens deposits and the North and North-North Zones. Best results include: 12.4 g/t Au over 1.8 m (MH-09-014), 5.5 g/t Au over 1.0 m (MH-09-016) and 6.9 g/t Au over 1.1 m (MH-09-018).