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NAU Nevgold Corp

0.435
-0.005 (-1.14%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Nevgold Corp TSXV:NAU TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005 -1.14% 0.435 0.43 0.44 0.44 0.43 0.435 73,514 21:00:43

Northland Appoints Scoping Study Manager

01/02/2008 2:15pm

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VANCOUVER, BRITISH COLUMBIA (FRANKFURT: NBS)(OSLO: NAUR) is pleased to announce that it has appointed Wardell Armstrong International ("WAI") to complete a scoping study on its iron ore projects in Sweden and Finland. Atkins, appointed by Northland in November 2007, provided advice on selection of WAI as engineering consultants for the scoping study and will manage all of the activities required to take the projects forward to implementation (see new release dated Nov. 27, 2007).

Northland is working to develop three magnetite deposits -Stora Sahavaara and Tapuli in Sweden and Hannukainen in Finland- with associated beneficiation plants. The development of the three deposits will take place in several stages. The first phase is well underway and much of the early metallurgical test work has been completed, and environmental studies and permitting are well underway. The next step is the completion of the Scoping Study for the project. The objectives of the Scoping Study will be to:

- Consolidate the conclusions of previous studies into a single study;

- Provide an indication of the financial and technical viability of the project;

- Identify and evaluate alternative development options;

- Determine the basis of design and main parameters for the trade-off studies and definitive feasibility study; and

- Confirm the timeframe for delivery of the project.

Buck Morrow, the President of Northland, commented: "I am delighted to bring WAI on board to complete the scoping study work for us. This study is a vital step toward demonstrating the economic feasibility of our iron projects and we're pleased to have their technical expertise available at this early stage."

WAI has been providing the mineral industry with specialized geological, mining, processing, and environment, health and safety expertise since 1987, initially as an independent company, but from 1999 as part of the Wardell Armstrong Group. They have worldwide experience and the WA Group covers the metalliferous mining, coal, ferrous and industrial minerals sectors. WAI has a strong client list that includes companies and organizations from the private and public sectors as well as many of the major lending institutions. In addition, WAI has been involved in a number of AIM and Full London stock exchange listings.

Atkins plans, designs and enables the delivery of complex infrastructure and buildings for clients in the public and private sectors across the world. Atkins is the largest multi-disciplinary consultancy in Europe; the largest engineering consultancy in the UK; and the third largest design firm in the world. Additional information can be found on their website at www.atkinsglobal.com.

About Northland (www.northlandresourcesinc.com)

Northland is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland.

ON BEHALF OF THE BOARD

Buck Morrow

NORTHLAND RESOURCES INC.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Northland Resources Inc. Buck Morrow President Toll Free: 1-866-719-8962 Northland Resources Inc. Ralph Rushton Investor Relations - North America Toll Free: 1-866-719-8962 Northland Resources Inc. Gabriella Roos Investor Relations - Europe +44 791 286 9936 Website: www.northlandresourcesinc.com

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