Legend Gold Corp.

Published : February 17th, 2010

Brighton Energy Limited completes acquisition of permits

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Keywords :   Uranium |

 

PRESS RELEASE

 

Brighton Energy Limited completes acquisition of permits

 

Symbol: "NAC" TSX Venture Exchange

 

February 17, 2010 - North Atlantic Resources Ltd. (NAC:TSX:V) ("North Atlantic") is pleased to announce that Brighton Energy Limited ("Brighton") has completed the acquisition of North Atlantic's three uranium exploration permits in the Republic of Niger, West Africa. Brighton is a uranium focused explorer with title to 4,000 km� of well located and prospective ground that contains key geological structures and favorable rocks that are known to host or control the mineralization at producing uranium mines in the region. This region, known as the Tim Merso- Basin, currently ranks as the sixth largest uranium producing area in the world and is expected to become the second largest by 2012 with production from Areva and China Nuclear. It still remains as one of the most under-explored yet most prolific uranium producing districts in the world.

 

North Atlantic currently holds a 20% equity interest in Brighton. Orezone Gold Corporation (ORE: TSX) will be the initial manager and operator of the exploration programs on the properties. It is intended that Brighton will become an independently financed, managed and listed public company. The 2010 exploration program is expected to be US$3M and will include airborne geophysical surveys followed by ground verification and drilling of the higher priority uranium targets identified along the major mineralized trends.

 

Brighton will make use of Orezone's strong presence and infrastructure in Niger to assist it in becoming a successful uranium exploration company. This region is on its way to becoming the second largest uranium producing region in the world by 2012 and Brighton is well positioned to capitalize on the exploration potential of its extensive land holdings.


North Atlantic is a Canadian gold exploration company which is developing a portfolio of gold projects in the Republic of Mali, West Africa ("Mali"). Since 2002, the Company has made three important gold discoveries in Mali including the FT Gold Project ("FT") which is the Company's most advanced discovery. North Atlantic's current plans are to expand the resource base at FT while continuing to explore its other gold projects.

 

Please visit the Company's website www.nac-tsx.com to view project details and planned exploration programs.

 

 

FOR FURTHER INFORMATION PLEASE CONTACT:

 

North Atlantic Resources Ltd.
Scott Waldie, President and CEO
(416) 703-6348

(416) 703-6507 (FAX)
swaldie@nac-tsx.com

Email: info@nac-tsx.com
Website: www.nac-tsx.com




 

 


This press release has been prepared by North Atlantic Resources Ltd. and no regulatory authority has approved or disapproved the information contained herein.

 

 

North Atlantic Resources Ltd.

suite 410, 55 Adelaide St. East, Toronto, Ontario, M5C 1K6, Canada

ph.: 416-703-6348, fax 416-703-6507, email: info@nac-tsx.com website www.nac-tsx.com

.

Legend Gold Corp.

EXPLORATION STAGE
CODE : LGN.V
ISIN : CA6573301067
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Legend Gold is a gold exploration company based in Canada.

Legend Gold holds various exploration projects in Mali and in Niger.

Its main exploration properties are DALAKAN, DIOKEBA, KANTELA, KOUROUBA, MASSALA, SITAKILI and FT GOLD in Mali and ABELAJOUAD, ASSAOUAS 1 and ASSAOUAS 2 in Niger.

Legend Gold is listed in Canada. Its market capitalisation is CA$ 47.6 millions as of today (US$ 34.8 millions, € 32.5 millions).

Its stock quote reached its highest recent level on December 24, 2010 at CA$ 4.80, and its lowest recent point on July 13, 2017 at CA$ 0.02.

Legend Gold has 52 263 358 shares outstanding.

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2006 Annual Report
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8/28/2009Closes First Tranche of Non-Brokered Private Placement
6/23/2009Proposed Equity private placement to raise up to $256,000
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5/13/2008Proposed Equity Private Placement to Raise up to $1
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5/26/2011Shareholders Elect New Directors May 24, 2011
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1/20/2012Completes Acquisition of Mougnina Property
11/28/2011(Lakanfla)Commences Diamond Drilling at the Lakanfla Gold Project, Wes...
10/12/2011Closes Key Gold Property Acquisition In Republic Of Mali, We...
9/6/2011Acquires Key Gold Property in Republic of Mali, West Africa
6/14/2011(Lakanfla)Announces First Results from Lakanfla Drilling Program, Zone...
5/5/2011(Lakanfla)Commences Drilling at the Lakanfla Gold Project, Western Mal...
3/31/2011(Lakanfla)Legend Gold Mobilizes Rig for Drill Program at the Lakanfla ...
7/29/2010(Ft Gold)Confirms 400 Metres of Southeast and Northwest Strike Extens...
6/30/2010(Ft Gold)Drills Intercepts at the FT Gold Project in Southern Mali
3/4/2008(Kourouba)Drilling Results From the Kourouba Gold Project
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9/4/2013Completes Share Consolidation
7/11/2013Company Receives Requisite Shareholder Consent to Creation o...
5/15/2013Announces Proposed Acquisitions and Financing
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2/8/2012(Lakanfla)’s Initial Trench Results Lakanfla Zone 4
1/31/2012(Lakanfla)Discovers New Mineralized Zone 13 Meters of 3.42 GPT at Laka...
12/20/2011wishes you the best for the holiday season!
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7/6/2011Announces New Member of Board and Issues Incentive Stock Opt...
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6/15/2011is included twice in today's Gold Report Newsletter
6/1/2011Win 2 nights stay at LEGENDS WHISTLER – drop by Legend Gold ...
4/14/2011Reports Results From Tiekoumala Drill Program
2/17/2011. Changes Name to Legend Gold Corp and Named to 2011 TSX Ven...
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4/7/2010Files Year End Audited Financial Statements and MD&A and Ann...
2/17/2010Brighton Energy Limited completes acquisition of permits
12/1/2009Applies to List on TSX Venture Exchange and Voluntarily Deli...
8/14/2009Increase in Proposed
8/13/2009Revises Terms of Proposed Equity Private Placement
5/20/2008Annual General Meeting
3/31/2008Files Year End Audited Financial Statements and MD&A
2/6/2008and Orezone Form Uranium Exploration Company
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