J.Taylor reports on NGGJ. Taylor gave a brief mention about NGG this weekend..could help out the SP and volume next week.
New Guinea, Vangold trench 55 m of 4.79 g/t Au
2006-03-27 16:29 ET - News Release
Mr. R.D. McNeil of New Guinea reports
MT NAKRU TRENCH INTERSECTS 55M @ 4.79G/T GOLD, INCLUDING 15M @ 16.01G/T GOLD
New Guinea Gold Corp. and Vangold Resources Ltd. have encountered a new area of gold mineralization to the
northwest of previously defined copper and gold mineralization at Mt. Nakru. Separate trench intersections
included 55 meters at 4.79 grams per tonne (g/t) gold and 15 meters at 1.86 g/t gold.
Taylor's comments:
This is another company whose shares I think are ready to rise significantly in 2006, with its first mine ready to
open and produce meaningful cash flows. Then it has a second and a third mine scheduled to be opened in the
next two years. This remains in my view one of our most undervalued stocks at this time.