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Friday, June 11, 2010 11:50:48 AM
Here is what I continue to like about NT Mining and is why I continue to show my support here as an investor:
1. Past studies indicating up to “one million” ounces of gold is recoverable from the existing Bullmoose property and that NT believes that figure could increase to three million ounces upon completion of planned lease area expansion. Do the math folks, the potential for allot of revenue exists up there at Bullmoose! NT has stated that when they are ready to roll, they will contract with a qualified mining Company to assist them. (I also like the fact that there is still equipment ready to go at the Bullmoose property.) The recent 2.5 mil first-phase financing will assist them here along the way.
2. That the previous company, after the fire, left behind 45,000 tons of mined gold-bearing ore, one third of which is stored on the surface where it can easily be accessed for production and the rest of it is stored below ground. NT estimates the 30,000 tons below ground have an average ore grade of at least 0.24 ounces per ton.
3. NT advises that in the first 100 days of operations, the company will be in a position to generate 6 million dollars in revenue from the ore left at the mine from the 1990’s. This is not a common situation people!!!
4. That NT is proactive in the “prep” stages as it continues to get its ducks in a row i.e. the recent application for a mining road to the Mackenzie Valley Land and Water Board.
5. The possible addition of the Valentine Mountain property in southern British Columbia will only add to the value of the Company as this area, located on Vancouver Island near Victoria, is a strong prolific gold area that has not been fully harvested. I would not underestimate the value of this Valentine Property for one minute. I am hoping that the current letter of intent to purchase moves through to fruition. Would be a great addition.
6. In the mid 1990s, the previous company identified over 30 targets indicating the presence of diamonds (or kimberlites). Subsequent reports have suggested all targets are worthy of further exploration, including eight which management believes have potential to host significant kimberlite deposits. The North West Territories is Canada’s playground for diamond harvesting.
7. For a full report on the Bullmoose Property, please see the attached link. This report was done by M. Mitchell in 2008 and is a good overview to the huge potential that lays before us. Bit of a lengthy read. View: http://www.ntminingcorp.com/primary-engineering-reports.php
Looking forward to the next few months here!!
FYI as I thought the above information might be helpful to new viewers here.
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