Niogold Increases Norbenite Shear Holdings By Seven Claims In Malarctic Township, Quebec

NioGold Mining Corporation has gotten a 100% interest in seven new claims contiguous to its Camflo West property, leaving it with 14 kilometres of claims along the historical gold-bearing Norbenite Shear. The company got the claims from Teck Cominco, Ltd., in exchange for 500,000 shares of NioGold and a 2% Net Smelter Return. NioGold can buy back half of the NSR cut for $750,000 within 90 days of a production decision being made. The news release contains further details, and a summary of the exploration work done to date on those seven claims.

NioGold closed yesterday at 13 cents, down a penny. As of the time of this post, the bid is 13 cents and the ask is 14 cents.

The company's Google Finance web page is here.

----------

NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.

Niogold Brings In First Canadian Capital For Investor Relations

Niogold Mining Corporation has hired First Canadian Capital, for $4,500 a month and a grant of 400,000 stock options, to undertake investor relations for Niogold. Also announced in the news release is Niogold's intention to update its resource estimate for its Marban Block property, to square with results from more recent drilling.

Niogold opened up a penny at 15 cents, where it is currently trading. The ask is the same as the last-trade price.

Its Google Finance web page is here.

----------

NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.