Northern Lion Gold Corp. - Noch am Anfang ! - 500 Beiträge pro Seite

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Quelle:
http://www.northernliongold.com/

Tue Jan 24, 2006
Gold-Copper Properties Acquired In Northern Finland.

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Vancouver, British Columbia: Northern Lion Gold Corp. (the "Company") reports that it has acquired the Riikonkoski and Sirkka gold and copper properties in the Kittila area of northern Finland.

The properties comprise six claims (exploration licences) granted by the Finnish Ministry of Trade and Industry, approximately 150 kilometers north-northwest of Rovaniemi. Both properties were explored on a limited basis in the 1970s, with drilling at that time demonstrating the presence of significant gold and copper mineralization.

Company President John Lando commented: "We have developed considerable exploration expertise and infrastucture in Finland through our ongoing work on our Haveri gold project. With our deep relationships within the Finnish mining community, we have been able to access and review a large number of prospective properties. We are very pleased to have secured Riikonkoski and Sirkka and have initiated a study and preliminary modeling of data from previous operators. Further exploration programs are anticipated as soon as this preliminary work is completed early this year."

About the New Properties
Riikonkoski and Sirkka are located within the mafic volcanic -dominated Paleoproterozoic Central Lapland Greenstone Belt (CLGB), which is considered to be the most prospective terrain for gold in Finland. The CLGB hosts a number (+40) of significant gold occurrences, including past (Saattopora: production -- 202,000 ounces; also 5,177 tonnes of copper) and current (Pahtavaara: resource -- 306,000 ounces) producers and a very large deposit, Suurikuusikko (resource: 3.73 million ounces), owned by Agnico-Eagle Mines Ltd., that is currently awaiting a positive production decision.

Riikonkoski
The Riikonkoski property comprises three non-contiguous claims for a total 209.28 hectares (517.12 acres) and is road accessible. Relatively shallow diamond drilling (16,326 meters/72 holes) completed by a previous operator (1970 to 1974) identified four bodies of copper mineralization. These bodies are hosted by sericite schist, graphitic phyllite and various altered rocks consisting of quartz-albite +/- carbonate that form part of a more extensive folded sequence that includes metamorphosed mafic lavas and tuffs.

The presence of gold at Riikonkoski was not investigated by the previous operator, although selected sampling of only 2% of the core did yield values greater than two grams gold/tonne, the best in terval being 2.13 meters grading 10.97 grams gold/tonne. Notably, the property is located some six kilometers south of the Sirkka Line, a major, southerly-dipping crustal shear that controls most, if not all, of the gold mineralization within the CLGB.

The habit of mineralization at Riikonkoski appears to be similar to that of the Saattopora gold mine. The primary copper mineral on the property is chalcopyrite, which is accompanied by pyrite and pyrrhotite in amounts ranging from <1% to >50%. In local, deeply weathered areas, copper is represented by malachite, native copper and cuprite. Sulphides occur as splashes, disseminations, and small massive sections in breccias, stringers and vein stockworks.

The three main mineralized bodies at Riikonkoski, kn own as the West, East and Kangas Zones, are arranged along the periphery of a pronounced drop-shaped magnetic low, some 1200 meters long by 700 meters wide, that may represent a felsic intrusion at depth or related alteration. Of these, the West Zone is the largest, at least 250 meters long, with an average thickness of 50 meters and open at depth below 200 meters. Copper values in drill core from this zone range from 0.1% to in excess of 2.0%, with the best reported interval (from hole #342) being 24.0 meters grading 1.43% copper.

In the early 1970s, the Geological Survey of Finland calculated that the three zones collectively contain approximately 9.5 million tonnes of rock, with copper values that range from 0.45% to 0.77%. The depth extent of this mineralization beyond 200 meters has not been determined.

Sirkka
The Sirkka property, also road accessible, is located approximately 11 kilometers northwest of Riikonkoski and consists of three contiguous claims that encompass 224.43 hectares (554.56 acres). Copper-bearing sulphides and arsenides enriched in nickel, cobalt, gold and silver occur in veins and breccia matrices, and as disseminations, that collectively form a number of lodes within an east-west trending sequence of metamorphosed and altered mafic volcanics, tuffites and komatiites, and graphitic phyllites.

The lodes are situated along the Sirkka Line structure, over a distance of 1.5 kilometers and a width of 100 to 200 meters. Individual lodes, which appear to be subvertical, are 40 to 200 meters long, 1 to 6 meters wide and are open to depth beyond 30 to 60 meters, with the best reported drill intercept being 7.18 meters grading 5.80 grams gold/tonne.

The initial exploration target at Sirkka is a 400 meter long gold nugget in till anomaly, identified by a previous operator, located near the intersection of the Sirkka Line and a prominent northeast trending fault zone.

Separately, the Company has granted incentive stock options to purchase 200,000 shares to a consultant. The options will vest in accordance with the Company`s stock option plan and are exercisable at a price of $.59 a share for a period of two years.

About Northern Lion
Northern Lion Gold Corp. is a Canadian mineral exploration company. It owns 100% of the Haveri gold project, a past gold producer in southern Finland, and a large number of exploration claims in the Tampere Schist Belt of southern Finland, a mining--friendly and infrastructure-rich member of the European Union. The Company is well funded to carry on additional work to further define the Haveri gold deposit, and to further explore other areas within the Tampere Schist Belt for additional gold deposits.

NORTHERN LION GOLD CORP.
John Lando, President.

For information with respect to the Company or the contents of this news release, please contact John Lando or Don Flahiff at [phone], toll free at 1-800-663-0510 or email to [e-mail].

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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http://www.freemarketnews.com/Press-Release.asp?nid=1424

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http://www.mineweb.net/co_releases/789769.htm

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http://en.chinabroadcast.cn/855/2006/01/26/[e-mail]

Copper Imports Grow Twice in 3 Years

2006-01-26 14:14:01 China Daily

BEIJING - Imports of copper into China, the world`s biggest consumer of the refined metal, rose in 2005 for the second year in three as faster economic growth spurred demand for cables and electric wires.
The country increased purchases 1.3 per cent to 1.3 million metric tons, the Customs General Administration of China said in Beijing yesterday. Imports fell 12 per cent in 2004 and gained 15 per cent in 2003.

"The increase may seem small but the fact that imports rose despite the high prices and a jump in domestic production showed that China`s consumption grew well," said Cai Luoyi, head of research at China International Futures (Shanghai) Co, said.

Demand for cables and pipes made of copper rose as China`s economy, the world`s fastest-growing, expanded 9.9 per cent last year. China, which relies on imports for one-third of its refined copper demand, helped push global copper prices to a record in 2005 with rising demand.

China`s copper imports in December fell 39 per cent to 65,342 tons.

The drop in December`s imports was due to users cutting purchases as prices rose while the State Reserve Bureau held auctions that increased domestic supply, said Zhou Feng, a senior economist at the Information Centre of China Minmetals Corp, the country`s biggest metals trader.

The bureau, China`s stockpiling agency, sold 51,160 tons of copper in four weekly auctions between November and December.

Copper prices rose 3.5 per cent in December to a record annual closing price of US$4,395 a ton on the London Metal Exchange. Prices have risen 52 per cent in the past year.

Copper exports rose 13 per cent to 140,536 tons in the year. Exports in December climbed 17 times to 39,965 tons.

In 2004, China`s copper imports fell because the bureau had bought the metal and stocked up in 2003, Zhou said.

The country exported 1.3 million tons of aluminium last year, a 22 per cent drop from a year earlier, customs said. Exports in December were 63 per cent lower at 92,017 tons.

China imposed a 5 per cent tax on aluminium exports last year, and a government curb in the industry slowed production and reduced exports. China is the world`s biggest producer of aluminium used in window frames, automobiles and airplanes.

"China`s aluminium net exports may further drop in 2006, due to production cuts by local smelters," Wang Feihong, a senior analyst with Beijing Antaike Information Development Co said.

China is the world`s biggest producer of aluminium used in window frames, automobiles and airplanes.

Imports of copper concentrates, the raw material used to make copper, rose 41 per cent 4.1 million tons. Imports of alumina, the raw material used to make aluminium, increased 19 per cent to 7 million tons.

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Nachfolgend eine Empfehlung von boerse-inside vom Freitag, den 20.01.06:



NORTHERN LION GOLD konzentriert sich auf die Exploration eines äußerst mineralhaltigen Gold- und Kupfergürtels in Finnland! Diese Gesellschaft zeigt einmal mehr, dass dieses Land nicht nur Touristen mit einer großartigen Szenerie aus hunderten von Seen und riesigen Wäldern lockt. Sondern auch informierte Investoren mit seinem beeindruckenden Rohstoffvorkommen. Denn was nur Wenige wissen: Das Land blickt auf eine lange Bergbau-Geschichte zurück! Nicht ohne Grund gibt es längst eine gut entwickelte Infrastruktur für die dort tätigen Minengesellschaften. Lagerstätten von zwei Millionen Feinunzen in Suurikuusikko und satten 14,4 Millionen Unzen im Suhanko-Projekt zeigen eindrücklich, welch gewaltige Bodenschätze im hohen Norden Europas zu heben sind. Die finnische Bergbauindustrie öffnete sich ausländischen Investoren aber erst 1995, im Zuge des EU-Beitritts. Bisherige Bohrungen lassen auf umfassende Gold- und Kupfervorkommen im Haveri-Projekt von NORTHERN LION im südlichen Finnland schließen, das rund 200 Kilometer nordwestlich der Hauptstadt Helsinki liegt:


Schon zwischen 1942 und 1962 wurden dort 1,5 Millionen Tonnen Erdreich verarbeitet! Die Goldkonzentration lag zwischen 3,52 und 5,28 Gramm Gold je Tonne. Ende 1999 belegte eine Studie des Vorbesitzers Glenmore Highlands eine Ressource von 6,6 Millionen Tonnen Erz mit einem durchschnittlichen Gehalt von 3,5 Gramm Gold je Tonne und 0,50 Prozent Kupfer. Mittlerweile geht das Management um John Lando und John Fraser von einem " signifikanten Potenzial” in dem rund zwei Quadratkilometer großen Gebiet aus und spricht bereits von einer Multi-Millionen Unzen-Lagerstätte. Aktuell nimmt die kanadische Gesellschaft die so genannte Breakthrough-Goldzone unter die Lupe. Mit einem Gehalt von bis zu 27,20 Gramm Gold je Tonne auf einer Länge von 9,2 Metern macht dieses Projekt seinem Namen alle Ehre. Aktuell liegt der Börsenwert von NORTHERN LION bei lächerlichen 9,4 Millionen Euro – eine ganz klare Unterbewertung - aber ein willkommener Anlass für uns, diese Gesellschaft in unser Musterdepot aufzunehmen! (WKN A0CAWC, Reuters NL)

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