Ahead of the Herd article on NioGold Mining
March 21, 2011
“Ahead of the Herd” has published an updated article on NioGold Mining
NioGold Mining Corp. TSX.V – NOX
Richard (Rick) Mills
Ahead of the Herd
As a general rule, the most successful man in life is the man who has the best information
NioGold Mining Corp. TSX.V - NOX is breathing new life into former mines and searching for the next one along the Golden Highway.
One of the areas in Canada that investors should have on their radar screen is the 2,800-2,600 million year old Abitibi Greenstone Belt – one of the world’s largest Archean (one of the four principal eons of Earth history) greenstone belts. Trending in an east-west direction the Abitibi extends for over 650 kilometers and is 150 km wide - running from west of Timmins, Ont., to Chibougamau, Que.
The Abitibi Greenstone Belt (the minerals in the metamorphic rocks that make up greenstone belts are green in color) has proven up more than 170 million ounces of gold and is one of the most prolific gold producing areas in the world. In 2006 there were over 40 gold deposits in the world with more than 10 million ounces of gold, five of them – Hollinger-McIntyre, Kirkland Lake, Dome, Kerr Addison and Horne Mines - are in the Abitibi. Also located in the Abitibi are the world famous Campbell Red Lake – Goldcorp and Hemlo Mines.
Since the 1930s the Cadillac, Malartic, and Val d’Or (French for - “valley of gold”) camps, within the southern Abitibi, have produced upwards of 45 million ounces of gold, and are presently home to seven producing gold mines, and one major mine development project.
NioGold Mining Corp. TSX.V – NOX has consolidated a large 125 square kilometer land package in the heart of the Malartic and Val-d’Or gold mining camps.
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Richard (Rick) Mills
rick@aheadoftheherd.com
www.aheadoftheherd.com
