North Atlantic Resources Up Nearly 12% as Makes New Gold Discovery on Foulalaba Permit, Southern Mali

By Midnight Trader,  August 04, 2010, 03:26:40 PM EDT

North Atlantic Resources Inc. (NAC.V) reported drill highlights from an eight-hole, 772 metre reconnaissance program of reverse circulation ( RC ) drilling, 200 metres North of the Main Anomaly on its 100% owned FT Gold Project in Southern Mali.

It said these holes targeted an area of anomalous gold in saprolite identified from auger drilling in May and June of 2010. RC drill highlights include 4 metres at 2.29 gpt Au in hole 10FLSRC-01, 64 metres at 2.50 gpt Au, including 6 metres at 24.54 gpt Au in hole 10FLSRC-02. This new area of gold mineralization has been named Foulalaba South by Company personnel.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: RC



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