Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Do you have anymore details on the partnership or when it may be announced? Also, why do you think TGC would be a good parter for the deal? Thank you for your insight.
Scott
The company announces that Jason Kates will step down as CEONew CEO. The board and executives are looking for someone who will be able to take the company to the next phase of operations.
A message from Jason Kates, CEO.
Open Invitation to Social TV
There is an elephant in the room. And I think I’ve found a way to get him out. We need to concentrate on the hole, not the drill. We need to concentrate on the consumer. Social TV is about the consumer. If the consumer engages, we now have a Currency.
In my opinion, Currency is what is necessary for us to survive and thrive. If we can give the networks a regular report of consumer interaction through mobile and social interactivity because the content on the screens encouraged this action, we now have a Currency. If we can deliver consumer-behavior based accountability to advertisers and package the data professionally, we now have a Currency. Advertisers want customers. They want to speak to them and create a relationship with them. This is our opportunity. They want accountability. This is our opportunity.
Are you aware that as an industry we have the largest untapped network for Social TV? By way of the rVue platform alone we can deliver 240 million daily impressions. This is due to the network owners and operators. And bless the networks owners and operators for taking on so much. I’ve built many ad-based networks in retail and I know the pain. To design, deploy, manage and operate a network is a huge undertaking. And why do they do it? It looks pretty logical but things are more complex today due to digital accountability of other media.
But wait, we can play that game too. This is how.
The real issue is the content. The content needs to be interactive by way of the second screen. The smartphone. The tablets. The growth of tablets and smartphones is having a significant impact on content. Fifty percent of smartphone users have clicked on a QR code at least once. According to a study released by Yahoo, about 86% of mobile Internet users are using these devices while they’re watching television. The bottom line? A significant number of mobile Internet users are accessing the Internet in-store, often to search for competitive shopping information. By targeting these engaged consumers, marketers can reach a receptive audience at or near the time of purchase – and the consumers can be rewarded. A win-win.
Shazam, GetGlue, Viggle. Check these companies out. Download the app and explore the possibilities. These well-financed organizations created alternate ways for audiences to interact with content, to “check in” and receive rewards. Social TV has experienced explosive growth year-over-year. It’s about the consumer. We’re not inventing it. We’re adapting it.
So here’s your invitation. We are participating at the Social TV Summit in San Francisco on April 3rd. It is an invitation-only conference. We are inviting you. Take a look at the agenda. Take a look at who is attending.
Do you know what is the largest untapped network for Social TV? We are….
This came across the rVue twitter feed:
An Open Letter to the Digital Out-Of-Home Industry
Digital Out-Of-Home No More.
We are in the midst of a revolution. Not the violent, noisy, two-sides-fighting-against-each-other type but the quiet, almost unnoticed variety that is whispered among colleagues but no one really wants to discuss publicly. That’s not to say there haven’t been casualties. There have been plenty and more occurring each day. SeeSaw Networks and others, including networks, have fallen. Still more are on the brink of extinction.
We are witnessing a new era in our industry. One that is exciting and full of possibilities. However, the model of simply advocating and representing this medium to advertisers and agencies isn’t enough. Collectively, we have the fundamentals that attract advertisers: scale, mass audience appeal, dwell time, standards, etc. What then are we missing? Where is our opportunity to stand out as a medium, or better yet, an ignition point for the greatest societal change of our lifetime? It lies in making this industry a natural part of the way that people want to engage with media and with each other. It lies in becoming integrated with Social TV.
Understanding how three key themes combine to influence our industry leads to that inescapable conclusion.
1) Creative Content
2) Technological Enablers
3) Consumer Behavior
Creative Content
Content remains the single biggest challenge for our industry in terms of gaining further traction with advertisers and agencies. Many networks have solid production values and compelling content. Unfortunately, too many networks don’t have the capital to produce or buy premium content that will effectively engage the viewer and spur them to action.
Why is a network’s own content so relevant and important to the advertiser’s decision to buy a schedule?
Our advertising and agency partners in media are, for the most part, sold on the value our medium brings to the marketing mix. However, great media strategies have always factored the content surrounding a brand’s ad. Most advertisers have objectionable content lists, or "hit lists" as insiders refer to them. These are programs considered inappropriate for the brand.
The production and engagement value of the content itself is also considered critical to the brand’s decision process. This is why you see cable networks succeeding with original programming. It has extremely high production value and is storytelling at its finest. This content is increasingly on par with feature films.
Overall, advertisers want to be associated with content they perceive to be in line with their brand’s equities, both from a contextual and production value perspective. If the content isn’t considered appropriate or acceptable given these qualitative measures, we lack the ability to generate significant momentum as a serious medium with both media and creative teams. How do we solve this content dilemma? How do networks elevate their content game within an acceptable financial model?
Technological Enablers
The aggregator model appears to be winding down. Defining aggregators has been a struggle for our medium. At some point, everyone who isn’t a network has been labeled an aggregator by agencies, advertisers and actual aggregators. SeeSaw Networks and Adcentricity were often labeled aggregators. The reality is they were closer to a rep firm model. They work(ed) with certain networks, often in an exclusive capacity. They have planned and bought. This is consistent with rep firm models for other forms of media.
As the space has evolved, we’ve seen technology attempt to bring order to fragmentation, eliminate Request for Proposals (RFPs) and facilitate easier planning and buying of multiple networks. These advances begin to help the medium function more akin to other media and to move toward an online business model. The challenge has been moving agencies from dependency on the previous model of rep firms or aggregators to a demand-side platform model. The DSP model in online is characterized by self-service and real-time inventory bids. Agencies can plan and buy the space on their own. Our industry continues to move toward DSP as reality, but we are currently in a hybrid phase where media adoption is more dependent on the client and agencies’ needs rather than a lack of technology-based solutions.
The current content (programming, ads, etc.) distribution model is also preventing our industry from achieving the level of revenue we’d all like to realize. As mentioned above, we lack consistent, quality content. We also lack a ubiquitous technology to deploy content of all types at a speed that keeps pace with advertiser demand. The ability to daypart inventory isn’t consistent across networks and prevents advertiser adoption and ability to move larger portions of their budgets to our space. Measuring the medium from multiple dimensions is also needed to provide greater advertiser comfort with accountability. Several strides have been made in this arena recently but a standardized approach focusing on the consumer remains a goal.
Consumer Behavior
The business of advertising has moved beyond the fundamentals our industry has adopted. The agency business is experiencing its own revolution, the single greatest change in their industry since the 1960s and the Mad Men era. Whether we like it or not, we are impacted by the changes occurring within both agencies and client organizations.
Titles and functions within these entities are changing to reflect consumer behavior. Media Strategy is giving way to Consumer Engagement and Social Media practitioners. Retail, Merchandising and Promotions has been replaced by Shopper Marketing. Somewhere along the way, our industry labeled itself and decided to seek adoption by the agencies’ Out-Of-Home buying groups. This was most likely viewed as the path of least resistance and proved fruitful for the larger networks with the capital to deploy a sales force of sufficient strength to cover the major agencies and advertisers.
However, we are now experiencing the effects of stagnation and the inability to recognize the behavioral change occurring with consumers and the influence it is having on our industry. This change has impacted all other media and how products are sold and merchandised. This change has also affected our individual lives and how we interact as a society, both personally and professionally. If you’re still reading, you know exactly what we’re talking about. Social Media.
Unfortunately, we, as an industry, have yet to realize the fullest potential of this opportunity.
Yes, there have been successful brand experimentation and business models combining Social Media and our medium. However, the majority of these are a somewhat one-way, one-dimensional dialogue limited by the dwell time and the consumers present within the defined environment. We have the capability to create a seamless dynamic experience that transcends the immediate venue and audience present.
Consider that our industry and Television have always been intertwined. In 1947, the World Series was broadcast on TV from New York to Washington D.C. The series was viewed mainly in bars in a social setting…sound familiar?
Our industry, by its very nature, is social.
The consumer no longer just watches TV even when they are in the comfort and solitude of their own home. Their companion devices surround them on the couch. Think of your own viewing habits and how they have changed in the past three years. Constant contact with your friends, colleagues and social sphere of influence permeates every facet of daily life. Our companion devices are portals allowing us to comment, share, rant, and express joy to anyone and everyone simultaneously. What do most people comment about or share, second to family and pets? Entertainment. We are a society passionate about entertainment in all forms. TV, Movies, Music, Gaming, Live Theater, Events, Sports, the Arts - the list goes on.
We are Social TV.
Our Vision
Our industry stands on the brink. For some, that brink can be interpreted as potentially disastrous. Our interpretation is enlightenment, clarity and ultimately, sustained success.
Television budgets continue to make up the largest portion of the media mix. Digital is gaining share of spending rapidly due to the measurability of the medium. As Social TV, our industry will have a seat at the television and digital tables. These tables, and those seated around them, command the most attention and money from advertisers. Strategic decisions on how to integrate various digital media, and how to move consumers to engage, post, share and spend, are their focus. We have a right to not only participate but to lead these conversations into previously uncharted territory.
How do we capitalize on the opportunity before us in content, in Social Media?
The world of media is constantly evolving and often goes through revolution. The outcome of our industry’s revolution is ours to control. The time is now to readdress our positioning within the media world.
We are Social TV. Join us.
A European Fund is liquidating a position in the stock. There has been a sizeable ask for the last 10 days or so. Once these shares are in strong hand the stock should quickly move up. I like the way the company is very clear with communicating to public and shareholders through their social media tools. Hopefully, will see some large ad buys moving through their system in the coming months.
Scott
I bought early as wel. It could still be a little while before the stock begins to appreciate. Hopefully, the company will start recognizing significant revenue in the next few quarters. What is you background with the company?
Was told an European fund was selling its position which is where the many shares were coming from last week. Supposedly, on a few thousand left to get rid of then the shares should be locked up and the stock ready to move back over $0.30.
anyone know when we will hear something?
anyone know when we will hear something?
I feel like we are long overdue for an update.
Anyone have an estimate as to the resources in the ground and potential stock price?
Doubloon,
It didn't seem like UXG had that much in resources, 250,000 ounces of gold? Why do you think the stock will be so high?
Anyone spoken to merle recently?
Anyone have any speculation as to what this might mean for the shareholders? Thanks.
Anyone following NAI? Any comments on the news this AM?
CALGARY, ALBERTA--(Marketwire - June 22, 2010) - Northern Abitibi Mining Corp. (TSX VENTURE:NAI - News; "Northern Abitibi") is pleased to provide assay results for drill holes 47 to 52 from its ongoing drill program at the Viking gold property in Newfoundland.
There are currently two diamond drill rigs working at Viking in addition to a surface trenching and mapping program. A location map showing the 2010 drill holes is available in the Map Gallery on our website at www.naminco.ca. The current round of drilling is focused on both infilling and expanding the known gold bearing zone along the Thor Trend.
Drill Results
Holes 47 to 52 have all encountered gold-bearing intervals over significant widths, and the results are summarized in the table below. Hole 47 encountered anomalous gold throughout most of its 200 metre length including 0.7 grams per tonne (g/t) gold over 19.5 metres and a second zone grading 0.5 g/t gold over 13.5 metres. The hole ended in mineralization grading 0.9 g/t gold over 1 metre. Hole 48 intercepted 2 high grade intervals including 6.0 g/t gold over 0.9 metres and 7.6 g/t gold over 0.4 metres. Hole 50 encountered anomalous gold throughout its 47 metre length, including 1.3 g/t over 6 metres.
Summary of select drill intercepts from holes 47 to 52 - Viking Project
---------------------------------------------------------------------------
Drill Hole From (m) To (m) Width (m)(i) Au g/t
---------------------------------------------------------------------------
Hole 47 102.1 121.6 19.5 0.7
---------------------------------------------------------------------------
Hole 47 133.4 134.1 0.7 3.8
---------------------------------------------------------------------------
Hole 47 151.5 165.0 13.5 0.5
---------------------------------------------------------------------------
Hole 47 199.0 200.0 1.0 0.9
---------------------------------------------------------------------------
Hole 48 41.8 42.7 0.9 6.0
---------------------------------------------------------------------------
Hole 48 47.8 55.4 7.6 0.7
---------------------------------------------------------------------------
Hole 48 76.5 76.9 0.4 7.6
---------------------------------------------------------------------------
Hole 49 135.8 161.2 25.4 0.5
---------------------------------------------------------------------------
including 146.6 147.2 0.6 3.6
---------------------------------------------------------------------------
Hole 50 10.0 16.0 6.0 1.3
---------------------------------------------------------------------------
Hole 51 66.5 147.4 80.9 0.7
---------------------------------------------------------------------------
including 104.5 105.0 0.5 4.7
---------------------------------------------------------------------------
including 123.5 147.4 23.9 1.2
---------------------------------------------------------------------------
including 123.5 135.6 12.1 2.0
---------------------------------------------------------------------------
including 134.6 135.6 1.0 13.2
---------------------------------------------------------------------------
Hole 52 32.0 94.3 62.3 0.8
---------------------------------------------------------------------------
including 70.0 78.5 8.5 2.4
---------------------------------------------------------------------------
and 127.1 134.2 7.1 0.9
---------------------------------------------------------------------------
(i) The true widths of the mineralized intercepts have not been determined
Holes 51 and 52 have encountered larger zones of mineralization at depth than have been recognized previously along the Thor Trend. Hole 51 encountered a quartz vein with visible gold which returned 13.2 g/t over 1.0 metre. Hole 51 was 215 metres in length and of that 158.9 metres was sampled for assay. The hole had the longest continuously mineralized core interval intersected on the project to date with 80.9 metres grading 0.7 g/t gold.
Excluding lower grade intervals, drill hole 51 had cumulative mineralized intervals totalling 40.3 metres in length and averaging 1.2 g/t gold. Hole 52 was 205 metres in length of which 194.9 metres was sampled for assay. Hole 52 encountered a long continuously mineralized interval of 62.3 metres grading 0.8 g/t gold followed by a second shorter interval of 7.1 metres grading 0.9 g/t gold. Excluding lower grade intervals, hole 52 had cumulative mineralized intervals totalling 42.05 metres in length and averaging 1.2 g/t gold. Both holes 51 and 52 contained intervals with visible gold.
The company is very pleased with the results to date as they demonstrate good continuity between previously drill tested portions of the Thor Trend. In addition, portions of the Trend are showing larger zones of mineralization than previously encountered, highlighting the bulk minable potential of the system.
Exploration Update
Over 2600 metres of core in 16 holes has been drilled during the 2010 program to date (holes 46 to 61). Assay results have been received for holes 45 to 52. Drill holes 53 to 61 have been logged and sampled and have been sent to the laboratory for assay. Drill holes 62 and 63 are currently in progress. Additional assay results will continue to be released through the program as they are received and compiled.
A surface exploration program is underway and several new zones of alteration and mineralization outside of the Thor Trend have been discovered by trenching. These new discoveries are currently being mapped and sampled and the best targets are scheduled to be drill tested in July.
The Viking Property
The Viking Property contains numerous high grade veins within larger bulk tonnage style zones of gold mineralization located within a 3 to 4 kilometre long gold-in-soil anomaly. Drilling highlights from previous drilling programs include high grade intercepts of 5.75 metres grading 33.7 g/t gold, 3.7 metres grading 50.1 g/t gold, 0.5 metres grading 218.8 g/t gold as well as lower grade intercepts including 27 metres grading 7.9 g/t gold, 23.0 metres grading 5.1 g/t gold, and 57.4 metres grading 2.8 g/t gold. The Viking property is located in the mining friendly jurisdiction of Newfoundland and Labrador and has excellent access and local infrastructure, with a paved highway and power line located less than one kilometre from the project. Northern Abitibi has a 100% property interest in the Viking project subject to a 2% to 4% sliding scale net smelter royalty held by Altius Resources. A detailed description of the Viking project is available on our website (www.naminco.ca).
Quality Control
All drill core is logged, photographed, and cut in half with a diamond saw. Half of the core is bagged and sent to Accurassay Laboratories for analyses while the other half is archived and stored on site for verification and reference purposes. Gold is assayed by standard fire assay methods with 36 additional elements analyzed by Induced Coupled Plasma (ICP). Samples with greater than 5 g/t gold are re-assayed using a metallic sieve procedure to reduce the nugget effect created by free gold particles in the samples.
Duplicate samples, blanks, and certified standards are included with every sample batch and then checked to ensure proper quality assurance and quality control (QA/QC). Select samples are also sent to an outside laboratory for independent analyses as part of a check assay procedure.
Northern Abitibi
Northern Abitibi's technical team of experienced, professional geologists is committed to assembling and advancing a portfolio of gold and base metal projects from opportunities within Canada, Mexico and the United States. Northern Abitibi is focused on identifying high potential North American projects and exploring and developing them in a responsible and cost-effective manner.
Dr. Shane Ebert, P.Geo., is the Qualified Person responsible for the preparation of this news release.
Shane Ebert, President/Director
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Northern Abitibi's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Northern Abitibi. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Northern Abitibi's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Northern Abitibi's filings with the Canadian securities authorities. Accordingly, holders of Northern Abitibi shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Northern Abitibi disclaims any responsibility to update these forward-looking statements.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
Contact:
Shane Ebert
Northern Abitibi Mining Corp.
1.250.964.2699
Jean Pierre Jutras
Northern Abitibi Mining Corp.
President/Director
1.403.233.2636
Anyone following NAI and have comments on the news this AM?
CALGARY, ALBERTA--(Marketwire - June 22, 2010) - Northern Abitibi Mining Corp. (TSX VENTURE:NAI - News; "Northern Abitibi") is pleased to provide assay results for drill holes 47 to 52 from its ongoing drill program at the Viking gold property in Newfoundland.
There are currently two diamond drill rigs working at Viking in addition to a surface trenching and mapping program. A location map showing the 2010 drill holes is available in the Map Gallery on our website at www.naminco.ca. The current round of drilling is focused on both infilling and expanding the known gold bearing zone along the Thor Trend.
Drill Results
Holes 47 to 52 have all encountered gold-bearing intervals over significant widths, and the results are summarized in the table below. Hole 47 encountered anomalous gold throughout most of its 200 metre length including 0.7 grams per tonne (g/t) gold over 19.5 metres and a second zone grading 0.5 g/t gold over 13.5 metres. The hole ended in mineralization grading 0.9 g/t gold over 1 metre. Hole 48 intercepted 2 high grade intervals including 6.0 g/t gold over 0.9 metres and 7.6 g/t gold over 0.4 metres. Hole 50 encountered anomalous gold throughout its 47 metre length, including 1.3 g/t over 6 metres.
Summary of select drill intercepts from holes 47 to 52 - Viking Project
---------------------------------------------------------------------------
Drill Hole From (m) To (m) Width (m)(i) Au g/t
---------------------------------------------------------------------------
Hole 47 102.1 121.6 19.5 0.7
---------------------------------------------------------------------------
Hole 47 133.4 134.1 0.7 3.8
---------------------------------------------------------------------------
Hole 47 151.5 165.0 13.5 0.5
---------------------------------------------------------------------------
Hole 47 199.0 200.0 1.0 0.9
---------------------------------------------------------------------------
Hole 48 41.8 42.7 0.9 6.0
---------------------------------------------------------------------------
Hole 48 47.8 55.4 7.6 0.7
---------------------------------------------------------------------------
Hole 48 76.5 76.9 0.4 7.6
---------------------------------------------------------------------------
Hole 49 135.8 161.2 25.4 0.5
---------------------------------------------------------------------------
including 146.6 147.2 0.6 3.6
---------------------------------------------------------------------------
Hole 50 10.0 16.0 6.0 1.3
---------------------------------------------------------------------------
Hole 51 66.5 147.4 80.9 0.7
---------------------------------------------------------------------------
including 104.5 105.0 0.5 4.7
---------------------------------------------------------------------------
including 123.5 147.4 23.9 1.2
---------------------------------------------------------------------------
including 123.5 135.6 12.1 2.0
---------------------------------------------------------------------------
including 134.6 135.6 1.0 13.2
---------------------------------------------------------------------------
Hole 52 32.0 94.3 62.3 0.8
---------------------------------------------------------------------------
including 70.0 78.5 8.5 2.4
---------------------------------------------------------------------------
and 127.1 134.2 7.1 0.9
---------------------------------------------------------------------------
(i) The true widths of the mineralized intercepts have not been determined
Holes 51 and 52 have encountered larger zones of mineralization at depth than have been recognized previously along the Thor Trend. Hole 51 encountered a quartz vein with visible gold which returned 13.2 g/t over 1.0 metre. Hole 51 was 215 metres in length and of that 158.9 metres was sampled for assay. The hole had the longest continuously mineralized core interval intersected on the project to date with 80.9 metres grading 0.7 g/t gold.
Excluding lower grade intervals, drill hole 51 had cumulative mineralized intervals totalling 40.3 metres in length and averaging 1.2 g/t gold. Hole 52 was 205 metres in length of which 194.9 metres was sampled for assay. Hole 52 encountered a long continuously mineralized interval of 62.3 metres grading 0.8 g/t gold followed by a second shorter interval of 7.1 metres grading 0.9 g/t gold. Excluding lower grade intervals, hole 52 had cumulative mineralized intervals totalling 42.05 metres in length and averaging 1.2 g/t gold. Both holes 51 and 52 contained intervals with visible gold.
The company is very pleased with the results to date as they demonstrate good continuity between previously drill tested portions of the Thor Trend. In addition, portions of the Trend are showing larger zones of mineralization than previously encountered, highlighting the bulk minable potential of the system.
Exploration Update
Over 2600 metres of core in 16 holes has been drilled during the 2010 program to date (holes 46 to 61). Assay results have been received for holes 45 to 52. Drill holes 53 to 61 have been logged and sampled and have been sent to the laboratory for assay. Drill holes 62 and 63 are currently in progress. Additional assay results will continue to be released through the program as they are received and compiled.
A surface exploration program is underway and several new zones of alteration and mineralization outside of the Thor Trend have been discovered by trenching. These new discoveries are currently being mapped and sampled and the best targets are scheduled to be drill tested in July.
The Viking Property
The Viking Property contains numerous high grade veins within larger bulk tonnage style zones of gold mineralization located within a 3 to 4 kilometre long gold-in-soil anomaly. Drilling highlights from previous drilling programs include high grade intercepts of 5.75 metres grading 33.7 g/t gold, 3.7 metres grading 50.1 g/t gold, 0.5 metres grading 218.8 g/t gold as well as lower grade intercepts including 27 metres grading 7.9 g/t gold, 23.0 metres grading 5.1 g/t gold, and 57.4 metres grading 2.8 g/t gold. The Viking property is located in the mining friendly jurisdiction of Newfoundland and Labrador and has excellent access and local infrastructure, with a paved highway and power line located less than one kilometre from the project. Northern Abitibi has a 100% property interest in the Viking project subject to a 2% to 4% sliding scale net smelter royalty held by Altius Resources. A detailed description of the Viking project is available on our website (www.naminco.ca).
Quality Control
All drill core is logged, photographed, and cut in half with a diamond saw. Half of the core is bagged and sent to Accurassay Laboratories for analyses while the other half is archived and stored on site for verification and reference purposes. Gold is assayed by standard fire assay methods with 36 additional elements analyzed by Induced Coupled Plasma (ICP). Samples with greater than 5 g/t gold are re-assayed using a metallic sieve procedure to reduce the nugget effect created by free gold particles in the samples.
Duplicate samples, blanks, and certified standards are included with every sample batch and then checked to ensure proper quality assurance and quality control (QA/QC). Select samples are also sent to an outside laboratory for independent analyses as part of a check assay procedure.
Northern Abitibi
Northern Abitibi's technical team of experienced, professional geologists is committed to assembling and advancing a portfolio of gold and base metal projects from opportunities within Canada, Mexico and the United States. Northern Abitibi is focused on identifying high potential North American projects and exploring and developing them in a responsible and cost-effective manner.
Dr. Shane Ebert, P.Geo., is the Qualified Person responsible for the preparation of this news release.
Shane Ebert, President/Director
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Northern Abitibi's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Northern Abitibi. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Northern Abitibi's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Northern Abitibi's filings with the Canadian securities authorities. Accordingly, holders of Northern Abitibi shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Northern Abitibi disclaims any responsibility to update these forward-looking statements.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
Contact:
Shane Ebert
Northern Abitibi Mining Corp.
1.250.964.2699
Jean Pierre Jutras
Northern Abitibi Mining Corp.
President/Director
1.403.233.2636
Anyone have any comments on the news this am:
CALGARY, ALBERTA--(Marketwire - June 22, 2010) - Northern Abitibi Mining Corp. (TSX VENTURE:NAI - News; "Northern Abitibi") is pleased to provide assay results for drill holes 47 to 52 from its ongoing drill program at the Viking gold property in Newfoundland.
There are currently two diamond drill rigs working at Viking in addition to a surface trenching and mapping program. A location map showing the 2010 drill holes is available in the Map Gallery on our website at www.naminco.ca. The current round of drilling is focused on both infilling and expanding the known gold bearing zone along the Thor Trend.
Drill Results
Holes 47 to 52 have all encountered gold-bearing intervals over significant widths, and the results are summarized in the table below. Hole 47 encountered anomalous gold throughout most of its 200 metre length including 0.7 grams per tonne (g/t) gold over 19.5 metres and a second zone grading 0.5 g/t gold over 13.5 metres. The hole ended in mineralization grading 0.9 g/t gold over 1 metre. Hole 48 intercepted 2 high grade intervals including 6.0 g/t gold over 0.9 metres and 7.6 g/t gold over 0.4 metres. Hole 50 encountered anomalous gold throughout its 47 metre length, including 1.3 g/t over 6 metres.
Summary of select drill intercepts from holes 47 to 52 - Viking Project
---------------------------------------------------------------------------
Drill Hole From (m) To (m) Width (m)(i) Au g/t
---------------------------------------------------------------------------
Hole 47 102.1 121.6 19.5 0.7
---------------------------------------------------------------------------
Hole 47 133.4 134.1 0.7 3.8
---------------------------------------------------------------------------
Hole 47 151.5 165.0 13.5 0.5
---------------------------------------------------------------------------
Hole 47 199.0 200.0 1.0 0.9
---------------------------------------------------------------------------
Hole 48 41.8 42.7 0.9 6.0
---------------------------------------------------------------------------
Hole 48 47.8 55.4 7.6 0.7
---------------------------------------------------------------------------
Hole 48 76.5 76.9 0.4 7.6
---------------------------------------------------------------------------
Hole 49 135.8 161.2 25.4 0.5
---------------------------------------------------------------------------
including 146.6 147.2 0.6 3.6
---------------------------------------------------------------------------
Hole 50 10.0 16.0 6.0 1.3
---------------------------------------------------------------------------
Hole 51 66.5 147.4 80.9 0.7
---------------------------------------------------------------------------
including 104.5 105.0 0.5 4.7
---------------------------------------------------------------------------
including 123.5 147.4 23.9 1.2
---------------------------------------------------------------------------
including 123.5 135.6 12.1 2.0
---------------------------------------------------------------------------
including 134.6 135.6 1.0 13.2
---------------------------------------------------------------------------
Hole 52 32.0 94.3 62.3 0.8
---------------------------------------------------------------------------
including 70.0 78.5 8.5 2.4
---------------------------------------------------------------------------
and 127.1 134.2 7.1 0.9
---------------------------------------------------------------------------
(i) The true widths of the mineralized intercepts have not been determined
Holes 51 and 52 have encountered larger zones of mineralization at depth than have been recognized previously along the Thor Trend. Hole 51 encountered a quartz vein with visible gold which returned 13.2 g/t over 1.0 metre. Hole 51 was 215 metres in length and of that 158.9 metres was sampled for assay. The hole had the longest continuously mineralized core interval intersected on the project to date with 80.9 metres grading 0.7 g/t gold.
Excluding lower grade intervals, drill hole 51 had cumulative mineralized intervals totalling 40.3 metres in length and averaging 1.2 g/t gold. Hole 52 was 205 metres in length of which 194.9 metres was sampled for assay. Hole 52 encountered a long continuously mineralized interval of 62.3 metres grading 0.8 g/t gold followed by a second shorter interval of 7.1 metres grading 0.9 g/t gold. Excluding lower grade intervals, hole 52 had cumulative mineralized intervals totalling 42.05 metres in length and averaging 1.2 g/t gold. Both holes 51 and 52 contained intervals with visible gold.
The company is very pleased with the results to date as they demonstrate good continuity between previously drill tested portions of the Thor Trend. In addition, portions of the Trend are showing larger zones of mineralization than previously encountered, highlighting the bulk minable potential of the system.
Exploration Update
Over 2600 metres of core in 16 holes has been drilled during the 2010 program to date (holes 46 to 61). Assay results have been received for holes 45 to 52. Drill holes 53 to 61 have been logged and sampled and have been sent to the laboratory for assay. Drill holes 62 and 63 are currently in progress. Additional assay results will continue to be released through the program as they are received and compiled.
A surface exploration program is underway and several new zones of alteration and mineralization outside of the Thor Trend have been discovered by trenching. These new discoveries are currently being mapped and sampled and the best targets are scheduled to be drill tested in July.
The Viking Property
The Viking Property contains numerous high grade veins within larger bulk tonnage style zones of gold mineralization located within a 3 to 4 kilometre long gold-in-soil anomaly. Drilling highlights from previous drilling programs include high grade intercepts of 5.75 metres grading 33.7 g/t gold, 3.7 metres grading 50.1 g/t gold, 0.5 metres grading 218.8 g/t gold as well as lower grade intercepts including 27 metres grading 7.9 g/t gold, 23.0 metres grading 5.1 g/t gold, and 57.4 metres grading 2.8 g/t gold. The Viking property is located in the mining friendly jurisdiction of Newfoundland and Labrador and has excellent access and local infrastructure, with a paved highway and power line located less than one kilometre from the project. Northern Abitibi has a 100% property interest in the Viking project subject to a 2% to 4% sliding scale net smelter royalty held by Altius Resources. A detailed description of the Viking project is available on our website (www.naminco.ca).
Quality Control
All drill core is logged, photographed, and cut in half with a diamond saw. Half of the core is bagged and sent to Accurassay Laboratories for analyses while the other half is archived and stored on site for verification and reference purposes. Gold is assayed by standard fire assay methods with 36 additional elements analyzed by Induced Coupled Plasma (ICP). Samples with greater than 5 g/t gold are re-assayed using a metallic sieve procedure to reduce the nugget effect created by free gold particles in the samples.
Duplicate samples, blanks, and certified standards are included with every sample batch and then checked to ensure proper quality assurance and quality control (QA/QC). Select samples are also sent to an outside laboratory for independent analyses as part of a check assay procedure.
Northern Abitibi
Northern Abitibi's technical team of experienced, professional geologists is committed to assembling and advancing a portfolio of gold and base metal projects from opportunities within Canada, Mexico and the United States. Northern Abitibi is focused on identifying high potential North American projects and exploring and developing them in a responsible and cost-effective manner.
Dr. Shane Ebert, P.Geo., is the Qualified Person responsible for the preparation of this news release.
Shane Ebert, President/Director
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Northern Abitibi's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Northern Abitibi. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Northern Abitibi's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Northern Abitibi's filings with the Canadian securities authorities. Accordingly, holders of Northern Abitibi shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Northern Abitibi disclaims any responsibility to update these forward-looking statements.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
Contact:
Shane Ebert
Northern Abitibi Mining Corp.
1.250.964.2699
Jean Pierre Jutras
Northern Abitibi Mining Corp.
President/Director
1.403.233.2636
Could you send me the email I just signed up. Thanks.
scottende@gmail.com
From yahoo message board:
NAI - Refresher for new investors 17-Apr-10 05:12 pm
Guys,
Below is my one more attempt to refresh your memories about the potential of NAI. Note that all this info is available online at NAI website (http://www.naminco.ca). I have highlighted the key points.
Viking Gold Project
http://www.naminco.ca/viking.phphttp://w...
The Viking property is 900 hectares in size. *The dominant rock types are augen gneiss, fine grained granite with lesser diorite dikes and sills. Gold-in-soils define a 4 kilometre long gold system which increases in width to the east. This gold anomaly has only seen significant exploration on the east side along the Thor Trend. The 3 kilometre long northeast trending gold anomaly in the west and central part of the property has not yet been drilled by Northern Abitibi.
Gold mineralization along the Thor Trend has been traced for over 1000 metres, with widths of 30 to 60 metres and to depths of 100 to 200 metres. The Thor Trend remains open along strike and at depth and geophysical data suggest it could be up to 1600 metres long. The zone has been partially drill tested over a 600 metre strike length and every hole has intersected gold mineralization.
To date Northern Abitibi has drilled a total of 4187 metres of core in 45 holes along the Thor Trend, excavated 41 trenches, completed a high resolution airborne magnetic survey over the property, and constructed a 2.5 kilometer long access road into the project from highway 420.
Grains of visible gold, ranging from very small up to 1 or 2 millimeters, have been observed in most of the drill holes. The results show that 86.1% to 96.4% of the gold in the samples is cyanide soluble, with an average of 92.4%. These results are extremely positive, showing the Viking mineralization is not refractory, and suggesting it could be amenable to relatively simple extraction techniques.
Untested Potential
In addition to the Thor Trend, which has excellent potential for expansion, there are several large exploration targets on the Viking property that remain untested. The airborne magnetic map below shows several large linear magnetic lows that are interpreted to be reflecting magnetite destruction associated with hydrothermal alteration and gold mineralization.
Selected High Grades
=========================
218.8 g/t gold over 0.5 m
176.2 g/t gold over 0.5 m
136 g/t gold over 0.5 m
119.6 g/t gold over 0.9 m
50 g/t gold over 3.7 m
41.4 g/t gold over 4.8 m
33.7 g/t gold over 5.75 m
Selected Low Grades
=========================
7.9 g/t gold over 27 m
5.12 g/t gold over 23.0 m
4.1 g/t gold over 18.2 m
4.1 g/t gold over 18.2 m
2.8 g/t gold over 57.4 m
2.9 g/t gold over 17.5 m
2.0 g/t gold over 41.4 m
1.8 g/t gold over 40.5 m
NAI Evaluation based on THOR trend parameters:
1000m x 60m x 250m = 15,000,000 cubic meters
15,000,000 m3 x approx. *2.8 ton/m3 (for crushed rock) = 42,000,000 tons
42,000,000 tons x 5 gr/t = 210,000,000 grams of gold
210 Million grams / 31.1 grams/troy oz = 6,752,411 million ounces of gold
* Specific gravity (I am using 2.8)
Gneiss, bed in place = 2.87
Granite, solid = 2.69
http://www.reade.com/Particle_Briefings/...
I have evaluated more than 100 junior miners so far, and NAI is the only one (beside couple others) which is highly undervalued at this time. If the upcoming drill season proves successful, we, no doubt, will have a ten bagger giant.
Good luck to all NAI investors.
Wimzie
Doubloon,
What are the prospects for this company? I read on the yahoo message board they might have 6 million ounces gold?
Meaning in dollar terms how much they might have and where the price of the stock could go? Thanks
Anyone have an estimate on the gold in the ground?
I just wanted a better time frame on the field work. Thanks for all of your input.
Has anyone been in contact with Bruce Costerd lately?
Has anyone confirmed when drilling will start?
Anyone else see SJLS on the bid and ask at the same time? Anyone know why they would do this?
Has anyone confirmed with management that drilling has started or the start date? And the amount of drilling planned and completion date?
http://watch.bnn.ca/#clip298714
Good video on Niobium!
What happened to the SRSR facebook page?
Anyone know why sarissa hasn't updated their information on pink sheets?
Anyone found out any more info about the guys on the advisory board?
Is there a way they can take the NOL while canceling the shares?
Has anyone been in contact with Tops? Also, anyone have a timeframe or example of thishappening before?Any estimates to a fair stock price for Tops with only 8 million shares outstanding?
Anyone have any idea how much Niobium per year SRSR would try to produce? I believe the largest CBMM does 90,000 tons per year, how much would we be producing?
My question is why they paid so little considering they have the same amount of Niobium as SRSR?
Does anyone have any info on why the company RAM resources bought for only 18 millions dollars which has about the same amount of Niobium as SRSR?
Does anyone have any opinions on this:
With existing producers more than capable of fulfilling market demand for the foreseeable future, there seems little prospect of any investment in new niobium mines. CBMM has already showed its capability to expand its existing operations, while Niobec has a reserve base adequate for at least ten more years and is increasing its own plant throughput. In its recent report on niobium, Roskill Information Services predicted that healthy demand growth will soon resume as end-users bring back suspended capacity.
Has anyone noticed the new link at the bottom of the website?
Would he give you any information as to what is going to happen to the shares? Also do you have the contact information? TIA