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Home > Junior Resource Stocks > Northern Gold Mining Inc.
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Northern Gold Mining Inc. (Symbol: V.NGM)

Company Name: Northern Gold Mining Inc.
HQ Location: Toronto, Ontario
Company Website: www.northerngold.ca
Closing Price (Sep 20, 2010) $0.35
Shares Outstanding 72.9 Million
Market Cap: $26.4 Million
Average Daily Volume 529,000
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The Ubika Research Resource Stock Watchlist is a feature that profiles junior mining stocks. Visitors will discover high potential Canadian mining stocks, the best gold stocks, small cap energy stocks and junior gold companies through this very popular feature.

Share Highlight / 1-Year Stock Chart

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Northern Gold Mining Inc. - Chart

Business Overview

Northern Gold Mining Inc. is a Canada-based junior gold exploration company. It is focused on the acquisition and exploration of base and precious metal mineral properties, with activities currently centered in the province of Ontario. Its current focus is the Garrison Township Property consisting of the Jonpol Project and the Garrcon Project. Northern Gold is focused on developing two advanced stage projects in the world renowned mining districts of Kirkland Lake and Timmins in Northeastern Ontario. The property is located within the Abitibi greenstone belt, along the Porcupine-Destor and the Munro Faults. + More info

What is interesting about Northern Gold Mining Inc. (V.NGM)?

  • The company’s gold projects are in the mining districts of Kirkland Lake and Timmins in Northeastern Ontario, a proven gold mining camp. This area has produced over 70 million ounces of gold till date and is home to the world’s 2nd largest gold producer, Goldcorp (TSX-G) and many high profile junior gold exploration companies such as St Andrew’s Gold Fields (TSX: SAS).
  • The current focus of the company is the Garrison Gold Property. This property has two projects- Garrcon and Jonpol. The Property has historic mining infrastructure and producing mines are located in close proximity to this property.
  • An indicated resource of 253,100 tonnes grading 7.77 g/t Au (containing 63,200 ounces of gold) and an inferred resource of 1.6 million tonnes grading 4.93 g/t Au (containing 246,540 ounces of gold), were disclosed for the JonPol project at the Garrison Gold Property in a NI 43-101 report filed by Northern Gold last year.
  • NGM’s properties are in close proximity to St Andrew Goldfields Ltd. (TSX: SAS), a high profile junior gold mine and are located within 10  kilometers of the Holt Mine and Mill owned by St Andrew Goldfield’s.
  • The company has potential to develop an open pit operations at its Garrcon project in the near term, which can generate cash flow to fund future exploration programs. The proximity of this potential open pit operation to the Holt Mill owned by St Andrews Gold Field is a strong advantage as it can use simple trucking operation to ship feeds to this mill.
  • At JonPol, it is exploring to find higher grade gold that can be mined at depth.
  • The company is focused on an exploration program to build gold resource deposit and expand its current NI 43-101 resource deposit base.
  • The company has been engaged in an active drill program at the Garrcon project and has been receiving consistently good drill results that show the potential to develop an open pit operation at that property.
  • The company has a strong and stable management team at the helm and is backed by some prominent financial backers.

Risks

Northern Gold is an early stage exploration company. The commercialization risks associated with gold mineral exploration and development are high and its prospects for discovering economically viable gold resources are uncertain.  Gold prices can fluctuate and a decline in the gold prices could impact the share price of the company adversely. Early stage exploration companies typically needs significant amount of capital and Northern Gold may still require additional financing. This could result in shareholders’ dilution.

Northern Gold Mining Inc. News

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Northern Gold Mining Inc. may enter into a commercial relationship with Ubika Corporation, Investor Cubed or our affiliates for research coverage and capital market services and may pay fees and or shares or stock options or warrants for being mentioned at smallcappower.com. Hence the highlighted company information is an advertisement only and does not and will not constitute an offer to buy or sell securities in the highlighted company.

Was any fee (either in Cash or in Stocks/Options) paid by the company to smallcappower.com or its principal’s Ubika Corporation and/OR Investor Cubed Inc for providing services No
   
Common Stock/Options Ownership in Northern Gold Mining Inc.  
Analyst(s) No
Analyst’s family members No
Analyst’s firm, their affiliates and/or subsidiaries No
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