Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : A List of SI Posters and the Resource Stocks They Like -- Ignore unavailable to you. Want to Upgrade?

To: grusum who wrote (73)	9/17/2005 3:04:52 PM
From: tyc:>	Respond to of 78

Northern Star Mining (NSM.v) is one of the four stocks I have suggested in the past. Message 20848686 They have just opened a new web-site. .. NSMgold.com. Clipped from the website: (historic) "Mining at Malartic Goldfields was ended at the 2,700 foot level (the last production level of the mine). The fact that the shafts were only sunk to the 2,900 foot depth, that drilling would have been carried out “below their feet” into the zones, and finally that 3,000 feet was regarded as a limit to mining technology in this area during this era precluded mining below this level. However, drill and drift data from the 2,700 foot level clearly demonstrate the continuation of those zones. Drill data at the 2,700 foot level, shows a gabbro zone intercept of 0.21 ounces over a true width of 52 feet. Other holes below the 2,700 shows assay data exceeding 1 ounce per ton for an average of 0.30 ounces over some 30 feet, typical type ore at the Malartic Goldfields. These areas underneath the old mine (below 2,700 feet) demonstrate clear potential for further ore production." Clipped from nsm's last MDA dated Aug 29/05 (on Sedar) "The Company expects to begin drilling shortly. While the installation at Midway is designed to access and drill from underground, the Company is finishing the planning of a deep drill program from surface. The goal of the program is to examine the Midway structure at depths below 3000 feet. Evidence suggests continuation of mineralization at these depths with a possible thickening of the porphyry and shear structures which are controlling features of the gold mineralization. Exploration and mining work in the area has shown that mineralization occurs below 3000 feet (Agnico Eagle Laronde mine and Agnico Eagle Lapa deposit)". In April, the company raised C$7M by private placement subject to a four-month hold. The holding period has just expired. In the meantime I notice that the president of the company made modest purchases of stock on the open market.