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CrocHntr

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CrocHntr

Re: None

Wednesday, 01/03/2007 4:28:59 PM

Wednesday, January 03, 2007 4:28:59 PM

Post# of 585
NOX.v (NioGold) is my pick.

I’m going to try something a little different for the single pick contest. I’m going to pick a speculative Canadian gold/mining play with tons of potential, but most likely no significant production planned for 2007. I’m doing this for a few reasons:
1. I expect gold to continue to be a hot commodity in 2007
2. I like NioGold’s prospects, the fact that there is infrastructure in place, and that they own 3 existing former mines known to produce large quantities of gold.
3. Rumor has it that a major newsletter writer is going to initiate coverage in Q1. I might get the opportunity to lock in my profits simply on a momentum play.

NioGold Mining
NOX.v, NOXGF.pk
Shares O/S: 34 mil
Fully Diluted: 43m
Share Price on 01/03/07: .27 CDN

NioGold currently owns a 55-square km land position in the prolific Vad-d’Or and Malartic camps in Quebec where up to 170m ounces of gold have been produced over the years (over a 260 km range). This is one of the largest land holdings of any exploration junior in the Abitibit area. These gold deposits are known to extend to great depth, the bottom of which none have yet been reached. NOX’s property is right in between Osisko Exploration (OSK.v), Northern Star Mining (NSM.v), and Wesdome’s (WDO.to) properties, and has many of the same geographic characteristics. Map: http://www.niogold.com/en/location/

Initially, NioGold is concentrating in the Marban block of claims where there have already been 3 previous gold mines (producing a total of 592k ounces of gold in the past). But, production from these mines has only been done at shallow levels (<500m). So, the potential is great that there is plenty of gold at greater depths (more easily accessed with new technology).

So far, NioGold has released assay results for two holes on the Marban Block. The results were good. The first returned gold values averaging 6.62 grams per tonne over 26.4 meters including a higher grade core of 7.53 g/t over 7 meters and 10.77 g/t gold over 4 meters. The second zone returned gold values averaging 1.3 g/t gold over 43 meters or 2.10 g/t gold over 16 meters including 6.87 g/t Au over 2 meters.

Further assay results are pending from their 15000 meter drill program (with 27 remaining holes in labs)

NioGold also owns the Camflo West Block of claims which is located in an area that produced 8.9 million ounces of gold. Drilling has begun here as well, and prospects are good.

Rumor has it that a very big newsletter writer is onto NOX and we may see some momentum in Q1 of 2007.

The great part about NioGold is that because there were existing mines in the area (and still many around NioGold’s property) that the infrastructure is already in place, and there are milling facilities close by that “could” handle NioGold’s ore.

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