The Northern Gold Mining (TSX-V:NGM) stock chart has been steadily trending upwards since late June. Friday was another solid day for the chart which pushed it above a secondary resistance level at 40 cents. Technical traders will stay on alert for a push at the strong resistance level at 44 cents at this point.
Northern Gold Mining Inc. is a TSX-V listed, publicly traded junior resource company based in Toronto, Ontario, dedicated to the discovery and development of high value mineral deposits in the proven mining camps of Kirkland Lake and Timmins in North Eastern Ontario. Northern Gold is focused on developing two advanced stage gold deposits on the Garrison Gold Property. The Property is located within the Abitibi greenstone belt along the Porcupine-Destor and the Munro Fault systems. The Property hosts several gold mineralized showings in addition to the two advanced stage exploration targets, the Jonpol and Garrcon Deposits, for each of which NI 43-101 compliant mineral resources have been calculated, and the less advanced 903 gold mineralized area. Historic diamond drilling by previous operators was completed in all three referenced areas. The Jonpol Technical Report was posted on SEDAR October 21, 2009 and the Garrcon Technical Report was posted on SEDAR November 5, 2010. The Garrison Gold Property has historic mining infrastructure at both the Jonpol and Garrcon Deposits and producing mines are located in close proximity to the property. On May 13, 2011, the Company completed its purchase of 100% ownership of the Garrison Gold Property from ValGold Resources Inc. More information on the Company can be found at http://www.northerngold.ca/.
Disclaimer: Neither www.stockmarketvideocharts.com nor its officers, directors, partners, employees or anyone involved in the publication of this website or newsletters (“us” or “we”) is a registered investment adviser or licensed broker-dealer in any jurisdiction whatsoever. Further, we are not qualified to provide any investment advice and we make no recommendation to purchase or sell any securities. The videos and news are published as information only for our readers. www.stockmarketvideocharts.com is a third party publisher of news, videos and research. Our site does not make recommendations, but offers information portals to research news, articles, technical analysis videos and recent research. Nothing on our site should be construed as an offer or solicitation to buy or sell products or securities. This site is sometimes compensated by featured companies, news submissions and online advertising. No compensation has been received for this video chart. Please read and fully understand our entire disclaimer at http://www.stockmarketvideocharts.com/?page_id=142.