Bedford-based company inks lease, has high hopes for silver, gold finds on property

NSGold Corp. of Bedford has signed a lease and purchase option agreement with Cerro Rico Ventures LLC for a property in Humboldt County, Nev.

“We are hopeful for gold and silver,’” Glenn Holmes, NSGold’s chief executive officer, said in an interview Thursday.

Holmes said the Silver Hill property, which includes 36 unpatented claims, is in an area with producing gold mines.

“It’s known for gold production.”

The property also has potential silver, copper, arsenic and tungsten deposits, Holmes said.

Under the deal’s terms, NSGold, through its wholly owned subsidiary, NSGold Nevada Inc., may, at any time during the 10-year agreement term, purchase a 100 per cent interest in the Silver Hill property by making a cash payment of US$1.25 million.

The agreement requires NSGold to make a US$40,000 payment upon signing and to make advance minimum royalty payments of US$25,000 on or before the first anniversary of the signing of the deal, US$35,000 on or before the second anniversary of signing and $50,000 on or before the third and subsequent anniversaries.

The advance minimum royalty payments will be credited against a three per cent production royalty based on net smelter returns from production or sale of minerals.

NSGold will have the right to purchase two per cent of the production royalty for US$1.5million before production begins.

Holmes said the company plans to do initial prospecting, sampling and mapping of the Silver Hill property — “a typical first pass” — in the next quarter that will help determine subsequent development work.

NSGold’s principal project is the Mooseland gold property on the Eastern Shore, where it recently completed a third round of drilling.

NSGold shares were trading Thursday for 10 cents on the TSX Venture Exchange, up a cent from their previous close.

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PITTSBURGH--Allegheny Technologies Incorporated will provide live Internet listening access to its conference call with investors and analysts scheduled for Wednesday, January 23, 2013, at 1:00 p.m. ET. The conference call will be conducted after the Company's planned release of fourth quarter and full-year 2012 results. To access the broadcast, go to the home page and select "Conference Call". Replay of the conference call will be available on the ATI website.

Building the World's Best Specialty Metals Company

Allegheny Technologies Incorporated is one of the largest and most diversified specialty metals producers in the world with revenues of approximately $5.2 billion for the last twelve months. ATI has approximately 11,300 full-time employees world-wide who use innovative technologies to offer global markets a wide range of specialty metals solutions. Our major markets are aerospace and defense, oil and gas/chemical process industry, electrical energy, medical, automotive, food equipment and appliance, machine and cutting tools, and construction and mining. Our products include titanium and titanium alloys, nickel-based alloys and superalloys, grain-oriented electrical steel, stainless and specialty steels, zirconium, hafnium, niobium, tungsten materials, forgings, castings, and fabrication and machining capabilities.

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Resource Investing News is pleased to announce the launch of Tungsten Mining NL on Tungsten Investing News.

Tungsten Mining NL is an Australian based resources company listed on the Australian Stock Exchange, that has an experienced management team with a proven track record of tungsten mine development. The Company’s prime focus is its high-grade, fully permitted Kilba project in Western Australia.

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MONTREAL, QUEBEC - Jan. 8, 2013 - J.A.G. MINES LTD. has completed the private placement announced in November 2012 for a total amount of $340,000. This placement was offered to "Accredited Investors" in units of $5,000, the share price was $0.10 per share. 3,400,000 Class A shares were issued under this private placement including 2,720,000 in the form of flow-through shares. In addition, 1,700,000 warrants were also issued, each warrant will entitle the holder thereof to acquire one share of the Issuer (on a non-flow-through basis) at a price of $0.20 for a period of twelve (12) months following the Closing date.

Shares issued pursuant to the offering will be subject to a four (4) month hold period. No commissions or finder's fees were paid under the offering.

The proceeds (80%) will be used for exploration expenditures on JAG's Properties in Belleterre-Temiscamingue and St-Robert-Beauce. A drilling campaign is presently underway in St-Robert. The objective is to drill a minimum of 2,500 meters on this property where historic values have been identified in tungsten,gold, silver, and zinc.

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