TSX News: In-Depth Research on NFX Gold Inc
12/19/2006
Dec 18, 2006 (M2 PRESSWIRE via COMTEX News Network) --
In-Depth Research on NFX Gold Inc (TSX:NFX)
NFX is involved in the acquisition, exploration and development of gold properties located on the prolific Larder Lake Break in Northern Ontario. NFX's main resource interest are the Larder Lake Properties, comprising the Cheminis, Bear Lake, Fernland (all 100% owned), and the Barber Larder gold property (75% owned). Additionl holdings include: the Swansea property (75% owned), 29 mining claims (100% owned) that extend over 10kms along the prolific Larder Lake Break, and the Lake Abitibi property (100% owned) located 100 kms north of Larder Lake.
Shares were down after announcing assay results from ten additional diamond drill holes.
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NFX Gold Inc. and Maximus Ventures Ltd. announced assay results from ten additional diamond drill holes at the Larder Lake Gold Project. The results include significant gold mineralization from holes in several areas along the southernmost strand of the Larder Lake fault zone, on strike from but outside of the existing historic resource in the Cheminis gold mine. These ten holes are part of an ongoing reconnaissance drilling program being conducted on the Larder Lake property.
"These new intersections are distributed along a two kilometer length of the Larder Lake fault zone, on strike from but outside of the Cheminis historic resource, and confirm the initial exploration concept that important gold grades extend well beyond the Cheminis resource, into the Fernland and Bear Lake areas," noted Frederick T. Graybeal, Maximus' President. "The higher grade gold intersections in holes NFX06-10, -11, -13, and -18 are relatively narrow, but warrant follow-up to determine whether they represent the edges of potential new ore shoots." Maximus has not yet begun testing the three recently identified fault strands north of the Cheminis mine, which will be targeted in an aggressive exploration campaign being planned for 2007."
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