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NevGold Corp T.NAU


Primary Symbol: V.NAU Alternate Symbol(s):  NAUFF

NevGold Corp. is a Canada-based exploration and development company targeting large-scale mineral systems in the districts of Nevada and Idaho. The Company owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho. The Limousine Butte Project is located within the Basin and Range physiographic province of east-central Nevada. The deposits of the Limousine Butte Project are Carlin-type deposits, sediment-hosted, with disseminated gold. The Nutmeg property consists of approximately 1,724 hectares and comprises 210 federal unpatented lode mining claims, 12 patented claims, and two leases of private land. Its Cedar Wash project is a high-potential, advanced exploration prospect located in Lincoln County, 75 kilometers southeast of Pioche, on the southern flank of the Clover Mountains. Zeus copper project is approximately 40 kilometers northwest of the Nutmeg Mountain gold project.


TSXV:NAU - Post by User

Bullboard Posts
Post by crowcreekkateon Aug 20, 2010 8:53am
446 Views
Post# 17368308

Northland Receives the Environmental Permit for it

Northland Receives the Environmental Permit for it



S.A. ("Northland" or "the Company") (TSX:NAU)(FRANKFURT:NBS)(OSLO:NAUR) ispleased to announce that the Finnish-Swedish Border River Commission todayapproved the environmental permit for the Tapuli mine and the Kaunisvaaramill."The permit allows for the mining of more than 100 million tonnes of magnetiteiron ore from the Tapuli mine and for the processing of that ore into a highquality concentrate in the Kaunisvaara mill. This is a critical cornerstone inthe development of the Kaunisvaara Iron Concentrate Project," stated Karl-AxelWaplan, CEO of Northland Resources S.A.The permit for the Kaunisvaara mill gives Northland approval to process 20million tonnes of ore and to produce 5 million tonnes of concentrate per year.This means that there is sufficient capacity to process ore from the Tapulimine as well as from other deposits that are in the advanced planning anddevelopment stage in the Kaunisvaara area. The comprehensive permit approvesdedicated facilities for the storage of waste rock from the mine and tailingsfrom the mill, as well as related facilities for the management of processwater, and it covers the discharge of excess water into the Muonio River.The permit conditions, which meet international standards for environmentalprotection, are in all material respects in accordance with Northland'sproposal and expectations, based on a constructive dialogue with local,regional and national authorities in Sweden and Finland, as well asconsultations with stakeholders in the region.Northland is a development-stage mining company, with iron assets in northernSweden and Finland. The Kaunisvaara Project in Sweden is the Company'sflagship project, and is currently the subject of a Feasibility Study, whichis expected to be finalized and publicized in September. The KaunisvaaraProject is expected to produce up to 5 million tonnes per annum of ahigh-grade, high-quality iron magnetite concentrate that is expected to besold as a premium product to pellet producers.

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