New Guinea Gold is the next big gold producer
New Gold Producer in Papua New Guinea with approx 1 million ozs in gold equivilant resources, and targets exceeding 5 millions ozs
New Guinea Gold is the premier junior explorer and miner in Papua New Guinea, with interests in ten gold and two porphyry copper-gold-molybdenum properties. With 70,000 + metres of drilling completed, extensive gold or copper-gold-molybdenum mineralization has been discovered at 11 of the properties while the 12th contains widespread and extensive alluvial gold. In October 2007, commercial gold production began at the Company’s Sinivit Mine. At a planned annual rate of 35,000 ounces, Sinivit production is expectedto provide cash flow for on-going exploration of NGG’s significant, large scale targets. The Company’s 140 million outstanding shares are traded on the TSX-Venture, Frankfurt, and Berlin Stock Exchanges.