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NLGCF Northern Lion Gold Corp featured news, full reports, and detailed charts

Northern Lion Gold Corp (NLGCF/NLGCF.PK) Wrap Up:

Northern Lion Gold Corp. engages in the exploration and development of mineral properties, principally gold, copper, zinc, lead, and silver. The company?s property portfolio includes an option to acquire a 95% interest in the Iberian Pyrite Belt, Portugal; an exploration license for the Moura-Vila Verde de Ficalho region of southeastern Portugal; a 90% interest in an exploration permit in the Republic of Cyprus; and a 100% interest in various claims in the Bergslagen area of south-central Sweden. Northern Lion Gold Corp. is headquartered in Vancouver, Canada.
www.northernliongold.com

Northern Lion Gold Corp (NLGCF:Pink OTC Markets Inc)

LAST $0.08 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 11, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Northern Lion Gold Corp (NLGCF)

OPEN
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PREVIOUS CLOSE
$0.08
DAY HIGH
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DAY LOW
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52 WEEK HIGH
09/9/09 - $0.13
52 WEEK LOW
11/20/08 - $0.02
MARKET CAP
2.5M
AVERAGE VOLUME 3 mo
2.5K
DILUTED EPS TTM
--
SHARES OUTSTANDING
31.2M
NLGCF Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

NLGCF Top Compensated Officers

Mr. John E. Lando
President, Director and Member of Audit Commi...
Total Annual Compensation: C$66.4K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Northern Lion Gold Corp (NLGCF)

Northern Lion Gold Corp. Provides Update on the Republic of Cyprus Exploration Program

Northern Lion Gold Corp. provided update on the Republic of Cyprus exploration program. As previously reported on September 25, 2009, the company has been evaluating additional areas along the Troodos Ophiolite Complex to add to the land position currently under option. The department of Mines in Cyprus has granted the company six new permits totaling 23.46 km2. These areas were selected on the basis of known deposits, abundant old workings and favourable geology. The targets are Cyprus type massive sulphide bodies that are believed to host significant gold mineralization as well as copper, zinc and silver. Gold mineralization associated with the Cyprus massive sulphide ores has not historically been evaluated. As previously announced on June 17, 2008, during management's initial visit to the area in April 2008, six grab samples were collected from within the Company's Asproyia project and their application areas. Highlights included one sample which returned 4.1% copper, and another sample which returned 7.3 grams per tonne gold and 17.6 g/t silver.

Northern Lion Gold Corp. Provides Update on the Republic of Cyprus Exploration Program

Northern Lion Gold Corp. provided update on the Republic of Cyprus exploration program. Management and consultants have just returned from Cyprus where they conducted a review of the company's Asproyia project, monitored the company's land applications and evaluated additional exploration opportunities. Numerous projects were visited and over 100 samples were collected, the results of which are pending. Several of these new exploration opportunities are being reviewed for their potential to host significant gold mineralization as well as copper and silver. The major deposits of Cyprus are the dominantly copper-bearing volcanogenic hosted massive sulphide 'VHMS' deposits. These deposits are hosted within the pillow lava sequence of the Troodos ophiolite. The pillow lava sequence is divided into Upper and Lower Pillow Lavas according to their place in the stratigraphy, with the majority of massive sulphide bodies forming between the two pillow lava sequences. All seven of the Company's applications overlie this important contact. The other styles of mineralization on Cyprus, apart from the massive sulphide deposits and associated stockwork mineralization are the interstitial and overlying sedimentary umber and ochre deposits. Ochres are manganese poor ferruginous sediments generally associated with sulphide ores located between the Upper and Lower Pillow Lavas, while umbers are manganese rich ferruginous mudstones overlying the Upper Pillow Lavas. Umbers and ochres have historically been mined for dyes and are known locally to contain significant gold values.

Northern Lion Gold Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2009 ; Announces Write-off of Mineral Property Interests During the Second Quarter Ended June 30, 2009

Northern Lion Gold Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net loss of CAD 2,156,286 or CAD 0.07 per basic and diluted share compared to net loss of CAD 1,145,127 or CAD 0.04 per basic and diluted share for the same period last year. Net cash used in operating activities was CAD 47,343 compared to CAD 467,481 for the same period last year. Loss before other income was CAD 163,891 compared to CAD 436,303 for the same period last year. For the six months, the company reported net loss of CAD 2,119,983 or CAD 0.07 per basic and diluted share compared to net loss of CAD 2,238,629 or CAD 0.07 per basic and diluted share for the same period last year. Net cash used in operating activities was CAD 475,081 compared to CAD 625,774 for the same period last year. Loss before other income was CAD 254,036 compared to CAD 694,632 for the same period last year. The company announced write-off of mineral property interests of CAD 2,180,976.

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