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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (69306)	7/7/2010 11:08:35 AM
From: loantech	Respond to of 78434

Thank you for OGC Claude I have a good amount. I added NXG, they will soon be almost all gold and no copper as Kemess South gets closed down. They are having good exploration success at Young Davidson and in Australia and have a decent chance of opening up Kemess North with an underground mine. <Kemess Underground During the first quarter of 2010, Northgate commissioned an international engineering firm to assess the economic prospects of mining part of the Kemess North deposit using an underground block caving method. An initial review of the existing Kemess North resource model was carried out to identify the higher grade zone that could support an underground block cave operation (“Kemess Underground”). A target zone of at least 70 million tonnes of mineralization containing 1.4 million ounces of gold and 500 million pounds of copper was identified in the eastern part of the Kemess North deposit from 300m – 600m below surface. At the time of the original Kemess North feasibility study in 2005, the geological and geotechnical information relating to the Kemess North deposit was collected and analyzed on the assumption that the deposit would be mined as a large low-grade open pit. In order to develop a more detailed block caving model, additional resource definition drilling is required to enable a greater degree of confidence in the potential of the high-grade resource, to determine the boundary of the high-grade zone and to confirm the geotechnical conditions necessary to support block caving. An exploration budget of $3 million has been approved and diamond drilling is scheduled to commence this summer.> northgateexploration.ca

To: Claude Cormier who wrote (69306)	9/13/2010 10:08:54 AM
From: loantech	Read Replies (1) \| Respond to of 78434

Endeavour Financial to sell 45% interest in Crew Gold Ticker Symbol: C:EDV C:CRU Endeavour Financial to sell 45% interest in Crew Gold Endeavour Financial Corp (C:EDV) Shares Issued 97,864,328 Last Close 9/10/2010 $2.73 Monday September 13 2010 - News Release Also Crew Gold Corp (4) (C:CRU) News Release Mr. Stephen Roberts of Endeavour reports ENDEAVOUR AGREES TO SELL 43% INTEREST IN CREW GOLD FOR US$215 MILLION CASH Endeavour Financial Corp.'s wholly owned subsidiary, Endeavour Gold Luxembourg SARL, has signed a binding agreement for the sale of 46,203,403 common shares of Crew Gold Corp., representing a 43-per-cent interest, to Severstal Gold NV for $215-million (U.S.) in cash. Endeavour had acquired its investment in Crew Gold at a total cost of US$134.5 million such that the sale of this investment realizes a profit of US$80.5 million at an annualized return on investment of 124%. Closing of the sale is anticipated to occur within the next forty eight hours.Neil Woodyer, Chief Executive Officer commented: "Endeavour has accepted the opportunity to exit its investment in Crew Gold at a significant profit which is a superior alternative to remaining in a minority shareholder position. The capital derived from monetizing this investment will be used to fund our growth and build value for Endeavour shareholders. Following this transaction Endeavour has approximately US$180 million of cash and access to a US$100 million Acquisition Facility. We are now in a position to aggressively seek acquisition opportunities in the gold sector."