NOX - Niogold Mining Corp - Page 16

You are right Houndog i did buy more.  I am watching POPE as well to see if he has more to dump.  I suspect when the price of gold got below 1560 it changed some of these funds modeling and perhaps POPE felt they wanted to lighten up some.  No big deal imo.  Nox has a market cap now of roughly 36 mil....this makes the buyout case even stronger. When EXN took out LRG the price of lrg was shoved down a few weeks prior to the deal and especially a few days prior to the deal. This is quite common when part of the deal ( or all of the deal) is a share swap. Its down to timing now.  ARZ  "should"  present a resource update within a month on the marban property .....i have no doubt it will show at least 2 mil oz's or greater. Also Wexford will post its monthly report around june 10th or so indicating how much NOX it now owns.  This feels like it is lining up quite well in spite of the crappy market we have been seeing of late. These next four weeks will be interesting.  Watch for National and HSBC to step up to the plate and add. 

Nox firming up here and great volume today, Tx to national with a few cross at .36

http://stockcharts.com/h-sc/ui?s=NOX.V&p=D&yr=0&mn=6&dy=0&id=p73953058296&a=265907713

Aurizon, Niogold drill one m of 45.8 g/t Au at Marban

2012-06-12 07:44 ET - News Release

See News Release (C-ARZ) Aurizon Mines Ltd

Mr. George Paspalas of Aurizon reports

AURIZON MINES LTD.: MARBAN'S PHASE TWO DRILL PROGRAM RESULTS HIGHLIGHT WIDE MINERALIZED AND HIGH GRADE INTERVALS

Aurizon Mines Ltd. and Niogold Mining Corp. have released additional results from the phase two drill program conducted under the terms of the Aurizon Mines earn-in option on the Marban property, located in the Malartic gold camp, Abitibi region of Quebec. Previously released results from the Phase Two drill program were reported in Aurizon's news releases March 1 and April 26, 2012.

Results from 22 new drill holes and three (3) extensions of previous holes were obtained on the Marban gold deposit and are included in this release. The drill results are tabled on the following pages.

These new results highlight the presence of wide mineralised intervals, as well as smaller high grade intervals located mainly within the Western High Grade Zone ("WHGZ"), which is located immediately west of the former Marban Mine, from surface down to a depth of 250 metres.

Drilling highlights include:

--  The best results from the in-fill drill holes on the Western High Grade
    Zone (WHGZ) returned the following results:
      
    --  5.13 grams of gold per tonne over 6.0 metres on section 3700 at a
        vertical depth of 230 metres (MB-12-282)
          
    --  4.67 grams of gold per tonne over 13.0 metres on section 3675 at a
        vertical depth of 140 metres (MB-12-284)
          
    --  7.28 grams of gold per tonne over 7.2 metres on section 3650 at a
        vertical depth of 125 metres (MB-12-297)
          
    --  26.10 grams of gold per tonne over 1.2 metres and 39.50 grams of
        gold per tonne over 1.0 metre on section 3650 at a vertical depth of
        95 and 130 metres respectively (MB-12-297)
          
    --  24.60 grams of gold per tonne over 1.2 metres on section 3575 at a
        vertical depth of 30 metres (MB-12-300)
          
    --  45.80 grams of gold per tonne over 1.0 metre on section 3800 at a
        vertical depth of 75 metres (MB-12-306) 

The 25 holes are distributed along a strike length of 950 metres with an average depth of 250 metres. Every hole returned one to four mineralized intervals with grades varying from 0.8 to 45.8 grams of gold per tonne over core length of 0.5 to 13 metres. As the core angle of mineralized structures varies slightly between 80 and 90 degrees, mineralized intervals are assumed to be true width.

The Phase Two program to date totals 90 holes and nine (9) extensions of previous holes for 34,656 metres drilled. An updated mineral resource estimate based on the Phase One drill results, as well as basic technical studies, including metallurgical test work, should be completed by the end of the second quarter, 2012.

Marban deposit drilling

The 2010-2012 drill programs have confirmed that mineralization extends between surface and an approximate depth of 250 metres, where previous mining operations took place. The programs also led to the discovery of the shallow area called the Western High Grade Zone and the identification of the Eastern Down Dip Zone. The Eastern Down Dip Zone is located below a vertical depth of 250 metres and remains open at depth and laterally.

Aurizon Option

Aurizon can earn up to a 65% interest the Marban Block property under the terms of an option and joint venture agreement dated July 5, 2010, between NioGold Mining Corporation ("NioGold") and Aurizon. The initial 50% interest can be earned by incurring expenditures of $20 million over three years, completing an updated NI 43-101 compliant mineral resource estimate, and by making a resource payment for 50% of the total gold ounces defined by the mineral resource estimate. NioGold is the project operator during the initial earn-in period (see news release dated July 6, 2010).

Technical Information, Quality Control and Qualified Persons

Reported intervals are in core lengths but are anticipated to approximate true width, except where structural complexities occur, as the holes were drilled nearly perpendicular to the principal local structural orientation.

Diamond drill holes were drilled with NQ-size core in order to obtain larger sample volumes of the mineralised zones, except for holes that traversed underground workings which were completed using BQ-size core. The core was sealed and delivered by the drilling contractor to NioGold's facilities located at the Norlartic mine site. The core was photographed for reference, logged and mineralised sections were sawed in half. Sample lengths vary between 0.5 to 1.5 metres. The halved core samples were bagged, sealed and delivered to ALS Chemex in Val-d'Or, Quebec, an accredited laboratory. The remaining core is stored on site for reference. Samples were assayed by the fire-assay method using an atomic absorption finish on a 50-gram pulp split. A quality assurance and quality control program (QA/QC) was implemented by NioGold and the laboratory to insure the precision and reproducibility of the analytical method and results. The QA/QC program includes the insertion of standards, blanks and field duplicates in the sample batches sent to the laboratory and a systematic re-assaying of samples returning values above 2 grams of gold per tonne by the fire-assay method using a gravimetric finish. As well, pulps grading above 0.5 grams of gold per tonne are sent to Bourlamaque Assay Laboratories Ltd. in Val-d'Or for check assaying.

The drill program is conducted under the supervision of Yan Ducharme, M.Sc., P.Geo. (OGQ), NioGold's Vice president of Exploration and a qualified person as defined by National Instrument 43-101. This news release was prepared under the supervision of Martin Demers, P.Geo., Aurizon's General Manager, Exploration and a Qualified Person under National Instrument 43-101, based on information made available by NioGold and verified by personnel of Aurizon.

Drill results - Marban Deposit                                              

              Hole              Len- Grade
            Length  From    To   gth  (g/t
Hole           (m)   (m)   (m)   (m)   Au)

MB-12-274    480.0  57.6  67.2   9.6  0.99
                   211.2 211.7   0.5 11.10
                   285.2 290.0   4.8  4.34
                   422.3 424.6   2.3  4.74

MB-12-275    345.0  29.7  30.2   0.5 24.20
                    48.3  59.3  11.0  0.81

MB-12-278    512.0  35.1  41.5   6.4  0.87
                   331.1 335.6   4.5  4.34
                   353.0 362.4   9.4  1.50

MB-12-279    314.0 249.1 257.0   7.9  0.56


MB-12-281    461.0 376.2 380.8   4.6  3.15


MB-12-282    401.0 112.8 113.7   0.9  4.57
                   301.4 307.4   6.0  5.13
              incl 301.4 302.5   1.1 16.35
                   313.2 314.4   1.2  8.55

MB-12-283    380.0 261.7 267.7   6.0  3.23
                   274.5 280.1   5.6  3.02

MB-12-284    332.0 148.4 149.6   1.2  5.26
                   185.6 198.6  13.0  4.67

MB-12-285    312.0 151.4 152.5   1.1 12.40
                   177.5 178.1   0.6 12.45
                   189.4 190.3   0.9  4.24
                   226.5 227.5   1.0  7.69
                   263.2 264.7   1.5  4.82

MB-12-287    485.0 162.2 163.4   1.2 39.10
                   231.4 232.5   1.1  5.58
                   313.9 314.8   0.9 11.55
                   381.0 392.0  11.0  1.75
                   416.1 426.3  10.2  1.79

MB-12-289    390.0 221.4 222.3   0.9  5.51


MB-12-290    332.0 163.3 164.5   1.2 14.90
                   168.6 170.5   1.9  8.32

MB-12-294    270.0  58.2  59.4   1.2  3.27


MB-12-297    294.0 117.0 118.2   1.2 26.10
                   151.6 158.8   7.2  7.28
                   164.0 165.0   1.0 39.50
                   188.8 192.4   3.6  5.20

MB-12-298    230.0  63.0  64.2   1.2  6.77


MB-12-300    284.0  34.2  35.4   1.2 24.60


MB-12-301    240.0 135.0 136.9   1.9  2.57


MB-12-302    246.0 153.2 157.5   4.3  1.19


MB-12-303    207.0 120.9 122.0   1.1  6.10


MB-12-304    201.0  53.8  65.4  11.6  1.25


MB-12-305    252.0  94.4  95.6   1.2  5.58
                   160.2 162.6   2.4  5.43

MB-12-306    273.0  98.7  99.7   1.0 45.80


MB-07-016e   210.0 222.0 223.2   1.2  1.90


MB-08-055e   390.0 437.2 447.9  10.7  2.04
                to 460.0 461.2   1.2  6.34
               571

MB-08-069e   224.0 237.3 245.4   8.1  1.66
                to 293.6 294.2   0.6  6.14
               371

Wow nice move on NOX today. lol

and i did not sell any yet.

http://stockcharts.com/h-sc/ui?s=NOX.V&p=D&yr=0&mn=6&dy=0&id=p49012105980&a=265907713

Terrific move on NOX today. Those results are exactly the type of pieces ARZ needs to see in place. ( i.e under 250 meters).  But this is not the good stuff yet.  ARZ will release the updated 43-101 for the Marban block in the next 2-3 weeks. And this update will only be based upon the first years drilling.   If it is over 2 mil oz of fairly high grade open pitable under 250 meters then we may see a bidding war here for nox.  Wexford capital didnt pick up over 10% of the company for fun. Also ARZ has to hand over the next $9 mil to Nox as a precondition of the 50% earn in on Marban in July. 

This story could get very exciting near term.  I havn't sold any of my position either Houndog. 

Another good day for NOX.

http://stockcharts.com/h-sc/ui?s=NOX.V&p=D&yr=0&mn=6&dy=0&id=p44855756207&a=265907713

no so good day for NOX ,,, can't win them all...lol,,,, intriguing to see house 85 on the ask now when 85 was the house pushing us to .425,,,,humm could be only retailer flipping.

anyway the chart still looks good, and news coming soon. go nox go.

I am sure you like the NOX close today with that market buy and support at 41 HounDog.  I suspect wexford is going to offer 50% over the 50 dma which puts the takeout at 55-60 cents.  Just like they just did for ORO mining last week. However this case is a bit different in that ARZ is not going to want to let Marban go.  this really is setting up to be a bidding war situation.  The updated 43-101 will help with placing an appropriate price target. Both Northern and National have 85 cent targets on NOX  but have so for a year.  so with the update we "could" see a revised target over a buck. either way I am sitting and watching.....and accumulating on the dips.

Yes GR NOX looking sexy today, i might have to get some more soon was hoping for more .35 but it does not look good for me at that range, will have to bring my bids up some.lol

 Wow i just realize that this is my 5000 posts on this site,,,lol do i get a gift set or something...

Taylor says buy Niogold

2012-07-10 17:38 ET - In the News

Jay Taylor, in the June 20, 2012, edition of Gold, Energy & Tech Stocks, says buy Niogold Mining Corp., recently 41 cents. Mr. Taylor first said buy on Dec. 18, 2006, at 27 cents. He said take some profits -- perhaps sell half -- on July 16, 2007, at 49 cents. Assuming a $1,000 investment at 27 cents, selling half at 49 cents yielded a $392 profit. Mr. Taylor said buy four more times from Aug. 15, 2007, to Sept. 15, 2009, at prices ranging from 15 cents to 35 cents. Assuming a $1,000 investment for each of the four new buys, and taking into account the $500 investment left after the half sale, the $4,500 position is now worth $8,604. Niogold has acquired property beside its Marban project in Abitibi, Que. The new property hosts three old mines, including Barrick's Camflo mine, which produced 1.7 million ounces of gold between 1865 and 1992. Niogold's Marban project is a joint venture with Aurizon, which must spend $20-million on the project. Mr. Taylor says Niogold will likely survive the current market downturn because it has cash, and it also has JV partners that are spending their own money to earn interests in Niogold's projects. Besides Marban, Niogold owns the Heva project, also in Quebec.

Wexford just posted on sedar they have bought another 2.3 mil shares from may1- june 30th. representing 13.91% of NOX shares. And i suspect all that buying at 38 lately is them too.  IMO there is zero doubt they are going for a takeover bid here just like they did on ORO. that bid was over 50% over the action price. My guess is still 55-60 cent offer.  Personally i dont think ARZ will let it go that cheap.  the updated 43-101 is due now so I cant see them pushing beyond july 31st.  Bidding war coming imo. glta
 

Quote:

Originally Posted by goldrush 

Wexford just posted on sedar they have bought another 2.3 mil shares from may1- june 30th. representing 13.91% of NOX shares. And i suspect all that buying at 38 lately is them too.  IMO there is zero doubt they are going for a takeover bid here just like they did on ORO. that bid was over 50% over the action price. My guess is still 55-60 cent offer.  Personally i dont think ARZ will let it go that cheap.  the updated 43-101 is due now so I cant see them pushing beyond july 31st.  Bidding war coming imo. glta
 

Well GR thats good news to hear, i pick up 10k more at .38 i guess i should of waited a bit base on the action today,,,lol,,, siting pretty with a good core and might have to pick up some more if we stay below .38. already got most of my core set for sell at .80 so nobody will use them to short..lol,,, do i smell a double here.

Niogold hires Skanderbeg for IR, corporate development

2012-07-12 16:58 ET - News Release

Mr. Michael Iverson reports

NIOGOLD SIGNS CORPORATE DEVELOPMENT AND INVESTOR RELATIONS AGREEMENTWITH SKANDERBEG

Niogold Mining Corp. has entered into an investor relations and corporate development agreement with Skanderbeg Capital Partners Inc. The agreement is for one year at $7,000 per month plus an option to buy 300,000 shares at 40 cents for a period of two years until July 11, 2014. The option will be vested over 12 months in increments of 25 per cent every three months in accordance with the policies of the TSX Venture Exchange. Skanderbeg partners are Bryan Slusarchuk, Brad Scarfe and Carson Seabolt, each owning one-third of Skanderbeg. Skanderbeg's head office is located in Vancouver, B.C. Skanderberg has been engaged to increase awareness of the company with analysts and other industry professionals and to enhance the company's exposure to industry stakeholders and investors. All the foregoing persons are at arm's length to Niogold and do not have any direct or indirect material interest in Niogold or its securities other than the stock option as granted herein. This agreement and the issuance of the stock option are subject to acceptance of the TSX Venture Exchange.

About Skanderbeg Capital Partners

Skanderbeg is a merchant banking group, focused on identifying, structuring and operating companies with highly prospective mineral exploration opportunities around the world. The company also offers consultancy services to a variety of private and public companies.

up 10% today. $.43..

Cormark buying in today.  Hhhmmm..maybe columbian gold has lost it,s lustre. Canadian gold might be a better safer investment...eh?

Quote:

Originally Posted by Deepglue 

up 10% today. $.43..

Cormark buying in today.  Hhhmmm..maybe columbian gold has lost it,s lustre. Canadian gold might be a better safer investment...eh?

Yes Deep i was surprise to see NOX at .43 on a Friday ,,,lol. anyway sold 20k at .43 still got lot's to go and will buy back on weakness.

Nice flip Houndog. This updated 43-101 is taking a little longer than expected.  I suspect they may be  re-modelling the whole project and perhaps even trying to squeeze in the 2nd phase of drilling results too??.  The action here is very positive either way.  I continue to hold a large block and I am not selling a single share till i hear all the different offers from the likes of wexford, aurizon, and now Osisko. Also keep in mind that everyone is in the same boat here with regard to entry price given how tight a trading range this has been in for years now.  I love the fact that an 8 billion dollar hedge fund has paid more than i have for their shares.  That gives me great comfort!!! GLTA.

Quote:

Originally Posted by goldrush 

Nice flip Houndog. This updated 43-101 is taking a little longer than expected.  I suspect they may be  re-modelling the whole project and perhaps even trying to squeeze in the 2nd phase of drilling results too??.  The action here is very positive either way.  I continue to hold a large block and I am not selling a single share till i hear all the different offers from the likes of wexford, aurizon, and now Osisko. Also keep in mind that everyone is in the same boat here with regard to entry price given how tight a trading range this has been in for years now.  I love the fact that an 8 billion dollar hedge fund has paid more than i have for their shares.  That gives me great comfort!!! GLTA.

Tx GR,,, and Yes NOX looking sexy now, not much of a pull today. like i said will get those 20k shares on weakness soon. 

Manage to pick up 6k at .39 and sitting on the bid for more at .38. still holding a core and will keep flipping 20k for a few cents at the time ...

Just came out with news today: New Zone Discovered Hole Returned 19.21 G/T Au Over 5.6 Metres

Full Release: http://bit.ly/TELCJx

Val-d'Or, Quebec -- NioGold Mining Corporation (TSX-V: NOX) (OTCQX: NOXGF) ("NioGold") reports that Phase Two exploration on its Marban Block property in Quebec has identified a new high grade gold zone and extended the Marban deposit on strike and at depth. The results from 31 drill holes conclude a very successful program conducted under the $20 million earn-in option to be spent by Aurizon Mines ("Aurizon") on the property. Approximately $9 million remains on the commitment. The Marban Block is located in the Malartic gold camp, Abitibi region of Quebec.

The new gold zone was discovered at about 500 metres north of the Marban deposit and at 350 metres south of the Norlartic deposit. Two holes intersected a mineralized dioritic dike.

The results of the new zone are:

• 19.40 g/t Au over 1.2 m on section 3600 at a vertical depth of 92 m (MB-12-323)
• 19.21 g/t Au over 5.6 m on section 3600 at a vertical depth of 215 m (MB-12-324)
•  

This discovery occurred in the 13 exploration holes which were drilled outside the Marban deposit limits. One hole investigating the stratigraphy of the Marban deposit at great depth revealed the continuity of the Marban system down to a depth of 780 vertical metres with hole MB-12-322 (1.77 g/t Au over 6.5 m) which is about 450 metres from the deepest information on that section of the deposit. North of the Marban deposit, a group of 5 holes intersected the Norlartic system thus confirming its eastern extension.

Results from the 18 others holes that were drilled on the Marban deposit are distributed on a strike of 1,025 meters and include the Eastern Down Dip Zone ("EDDZ") and Western High Grade Zone ("WHGZ").

Drilling highlights from the EDDZ include:

• 3.74g/t Au over 6.4 m on section 4700 at a vertical depth of 245 m (MB-12-317)
• 4.51 g/t Au over 6.0 m on section 4600 at a vertical depth of 375 m(MB-12-319)

In-fill drill holes on the WHGZ include the following highlights:

• 19.35 g/t Au over 1.2 m on section 3725 at a vertical depth of 100 m (MB-12-309)
• 20.70 g/t Au over 0.7 m and 14.65 g/t Au over 1.2 m on section 3675 at a vertical depth of 50 m and 60 m respectively (MB-12-312)
• 1.31 g/t Au over 19.7 m on section 3700 at a vertical depth of 35 m (MB-12-314)
• 21.40 g/t Au over 0.9 m on section 3850 at a vertical depth of 30 m (MB-12-327)
•  

"These are extremely encouraging results," said Mike Iverson, NioGold's Chairman and CEO. "We made a new discovery between the Marban and Norlartic deposits. We extended the Eastern Down Dip Zone with wide, high-grade intervals, while in-fill drilling in the Western High Grade Zone continued to deliver high grade values over small widths and lower grade intervals over larger widths. We look forward to the Phase Three program, which NioGold and Aurizon expect to begin in late August or early September."

NOX moving like many others today, almost at my .43 sell for the ones I bought at .39  Dam i like this recycle stock..lol