I actually only added to NXG so far, but am holding off on the likes of MNG, GSS, and DROOY for now. I am worried about gold for the next few months... ===============================================================
Hi MBP, NXG is not a bad one to add to..... Not at All! <g> They should be coming out with their Kemess North feasibility study sometime this month. I also like MNG and GSS a bunch and will be adding to all three on any further weakness.
Northgate Confirms 2004 Drill Program on the Brenda Gold/Copper Property Thursday April 15, 5:00 pm ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--April 15, 2004--Canasil Resources Inc. (Canasil) (TSX VENTURE:CLZ - News) and Northgate Exploration Limited (Northgate) (AMEX:NXG - News; TSX:NGX - News) are pleased to announce confirmation of the 2004 drill program at the Brenda property in the Kemess-Toodoggone district of northern British Columbia.
Northgate expects to begin a 4-6 hole (1,500 metre) diamond drilling program at the Brenda property in early June. The program is designed to search for possible extensions of the gold/copper mineralized zones observed in the 2003 drill program (announced on August 28, 2003) in order to further evaluate the overall size and grades of these zones.
Drill core from holes BR-03-06 and BR-03-07 completed during the 2003 exploration season contain gold/copper mineralization grading between 0.5 - 1.5 g/t gold, 0.05 - 0.20% copper and 1 - 10 g/t silver in a porphyry setting. The mineralization is associated with potassium, silica and magnetite altered Toodoggone volcanics over intervals of up to 160 metres.
The Brenda property comprises 178 mineral claim units, covering 44.0 square kilometres, and is situated approximately 25 km north-west of Northgate's Kemess South mine in the core of the Kemess-Toodoggone porphyry gold-copper/epithermal district. This district is attracting increasing attention and significant exploration expenditures in a highly prolific belt extending north from the South Kemess mine.
The Brenda property is the subject of Option and Joint Venture Agreements signed on July 31, 2002, which allow Northgate to earn a 60% interest in the property by spending Cdn$2,000,000 on exploration and making cash payments totaling $140,000 over a four year period.
About Northgate:
Northgate Exploration Limited is a gold and copper mining company focused on operations and opportunities in North and South America. The Corporation's principal assets are the 300,000-ounce per year Kemess South mine in north-central British Columbia and the adjacent Kemess North deposit, which contains an indicated resource of 5.4 million ounces of gold and 2 billion pounds of copper and is currently the subject of a feasibility study. Northgate is listed on the Toronto Stock Exchange under the symbol NGX and on the American Stock Exchange under the symbol NXG.
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