22:22:25 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Northern Gold Mining Inc
Symbol NGM
Shares Issued 88,686,188
Close 2011-03-28 C$ 0.52
Market Cap C$ 46,116,818
Recent Sedar Documents

Taylor says buy Northern Gold

2011-03-29 17:41 ET - In the News

Jay Taylor in the March 17, 2011, edition of Gold, Energy & Tech Stocks tells readers to buy Northern Gold Mining Inc., recently 48.5 cents. This is the first time he has recommended the stock. Northern Gold has the option to earn an 80-per-cent interest in the Garrison claims in Northeastern Ontario. Garrison hosts the Jonpol and Garrcon gold properties. The Jonpol deposit contains an indicated resource of 63,200 ounces at 7.77 grams per tonne and an inferred resource of 246,540 ounces at 4.93 grams per tonne. It is a high-grade, underground target. The Garrcon deposit, on the other hand, appears to have the potential for a bulk-minable open pit. It holds 674,000 ounces at 0.94 gram per tonne gold. This resource estimate includes data from drilling to a depth of 200 metres, in an area measuring 760 m by 300 m. Mr. Taylor expects the Garrcon resource to substantially increase when the results from holes beyond that area are made compliant. He also predicts a stripping ratio of zero and a recovery rate of at least 90 per cent for the Garrcon operation. In closing, he notes his confidence in the prospects of Northern Gold depends on gold markets remaining bullish for a few more years.

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