Sunday, December 01, 2013 10:21:47 AM
Following up on the initial work completed primarily in 2011 (see NGE news release dated June 6, 2011), McEwen Mining Inc. has engaged to NGE collect additional groundwater samples on and around McEwen Mining Inc.’s large land position at its Gold Bar and Tonkin Properties in Nevada. As per the agreement, NGE receives a fee for its services, as well as a 0.5 to 1.0% Net Smelter Return Royalty on new resources associated with anomalous hydrogeochemistry that were not already contained in NI 43-101 compliant resources published prior to the date of the agreement. Based on the results to date, NGE believes that there are several compelling exploration targets associated with high concentrations of gold in groundwater on the Gold Bar and Tonkin Properties, and NGE is pleased to be continuing to work with McEwen Mining Inc. on these Properties.
Annual General and Special Meeting
On October 30, 2013, NGE held its Annual General and Special Meeting. All business before the meeting was approved by shareholders, including the election of directors, re-appointment of NGE’s auditor, and the re-approval of NGE’s stock option plan. John Ryan and Antonio Ponte did not stand for re-election to the Board. NGE wishes to kindly thank both Mr. Ryan and Mr. Ponte for their contribution and service. NGE also wishes to sincerely thank its shareholders for their continued support.
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