Chart usGOLD   Chart usSILVER  
 
Food for thought
The price of anything is the amount of life you exchange for it
Henry David Thoreau  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1267.222.18
Silver 19.220.04
Platinum 1406.501.75
Palladium 880.501.50
WORLD MARKETS
DOWJONES 17068-30
NASDAQ 459818
NIKKEI 15798130
ASX 565728
CAC 40 4378-1
DAX 950728
HUI 237-9
XAU 99-4
CURRENCIES (€)
AUS $ 1.4151
CAN $ 1.4350
US $ 1.3134
GBP (£) 0.7974
Sw Fr 1.2072
YEN 138.1510
CURRENCIES ($)
AUS $ 1.0776
CAN $ 1.0925
Euro 0.7614
GBP (£) 0.6071
Sw Fr 0.9192
YEN 105.1910
RATIOS & INDEXES
Gold / Silver65.93
Gold / Oil13.60
Dowjones / Gold13.47
COMMODITIES
Copper 3.150.00
WTI Oil 93.190.31
Nat. Gas 3.900.01
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
NIKOS Acquires Option to Purchase Borden Lake Extension Project, Chapleau, Ontario
Published : December 19, 2012
( 0 vote, 0/5 ) Print article
     
Tweet
Keywords :   Copper | Gold | Probe Mines |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 19, 2012) - Nikos Explorations Ltd. (News - Market indicators) ("Nikos") is pleased to announce that it has entered into an option agreement to earn a 100% interest in the Borden Lake Extension Property located near Chapleau Ontario, subject to regulatory approval. The agreement is subject to the approval of the TSX Venture Exchange.

The 1,598 hectare property lies immediately east of Probe Mines' Borden Lake gold project where recent exploration has defined pit constrained indicated resources of 2,735,000 ounces of gold (81.9 M tonnes grading 1.04g/t gold) and inferred resources of 683,000 ounces of gold (22.9 M tonnes grading 0.93g/t gold) at a 0.6g/t cutoff grade. 

Nikos may earn a 100% undivided interest in the property by making an initial payment of $3,000 and issuing 250,000 common shares of Nikos upon regulatory approval of the transaction, and then funding exploration expenditures of $340,000, making further cash payments of $97,000 and issuing an additional 750,000 shares over the three year period of the agreement. The vendors retain a 2% royalty, half of which may be bought back by Nikos for $1 million at any time.

Nikos intends to contract a high-resolution VTEM airborne survey over the property early in 2013 in order to identify electromagnetic anomalies that may be associated with gold mineralization and to help in the geological interpretation of this underexplored area.

About Nikos Explorations:

Nikos Explorations is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective copper and gold projects in the Americas. The company has 44,225,406 shares issued and outstanding and trades on the TSX Venture Exchange under the symbol NIK.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Nikos Explorations Ltd.
Roger Moss
President
416-516-6050
www.nikosexplorations.com
Tweet

Nikos Explorations Ltd.

EXPLORATION STAGE
CODE : NIK.V
ISIN : CA6539212051
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Nikos Explorations Ltd.
4/18/2011Announces Termination of Letter of Intent and Private Placem...
3/23/2011Enters Letter of Intent to Acquire Nicaraguan Gold Propertie...
Project news of Nikos Explorations Ltd.
3/23/2011(Nicaragua Gold)Enters Letter of Intent to Acquire Nicaraguan Gold Propertie...
5/24/2005(Island Copper)Update on Island Copper copper-gold Project
Corporate news of Nikos Explorations Ltd.
9/23/2013Announces Positive Results of Soil Gas Hydrocarbon Survey at...
5/28/2013Announces Results of VTEM Survey Over Borden Lake Extension ...
3/4/2013completes VTEM survey over Borden Lake Extension Project, Ch...
12/19/2012Acquires Option to Purchase Borden Lake Extension Project, C...
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (NIK.V)
0.065+0.00%
TSX-V
CA$ 0.065
09/02 15:49 -
0%
Prev close Open
0.070 0.065
Low High
0.065 0.065
Year l/h YTD var.
0.010 -  0.150 550.00%
52 week l/h 52 week var.
0.010 -  0.150 550.00%
Volume 1 month var.
500 8.33%
24hGold TrendPower© : -36
Produces
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
TOP NEWSRELEASES
Annual variation
DateVariationHighLow
201430.00%0.100.02
2013-66.67%0.250.05
20120.00%0.200.10
2011-62.50%0.500.15
2010100.00%0.500.15
 
5 years chart
 
3 months chart
 
3 months volume chart