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Gold/Mining/Energy : NORTHGATE EXPL (NGX.TO)

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To: NYBob1 who wrote (124)	5/20/2007 8:09:44 PM
From: NYBob1	Read Replies (1) of 158

Re: Buying apportunity at bottom of trading range 18-May-07 05:32 pm Ken Stowe, President and CEO, stated; "We are exceptionally pleased to announce a one year extension of the mine-life at Kemess South - through the addition of approximately 18 million tonnes of ore to our existing - Kemess South reserve. This mine-life extension provides us with a profitable production bridge to the projected start of operations at Kemess North Gold - Copper project and Young-Davidson Gold Mines - and provides our shareholders with additional fully-permitted exposure to the gold price. Meanwhile, current production at - Kemess South Mines - continued to roll along on schedule as we produced 68,110 ounces of Gold at a net cash cost of only $28 per ounce. At Young-Davidson Gold Mine - our project team has made excellent progress on the underground ramp development, shaft dewatering and various technical studies. In the coming months, the surfaced-based diamond drilling program will be focusing on regions between areas of known resources with the goal of significantly increasing measured and indicated resource ounces by the end of the year." newswire.ca investorshub.com investorshub.com

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