Northern Continental Resources Inc.
Natural Resources
NCR : TSX-V
Northern Continental Resources has a long history in exploration in the Northwest Territories. It is now focused on Gold (Abo and LCR Projects) in British Columbia and Uranium (Russell Lake) in Saskatchewan.
The Abo project is an intrusion related gold deposit, which has an indicated resource of 1.8 million tones grading 2.8 g/t Au and an inferred resource of 0.6 million tones grading 2.8 g/t Au in 2 of the intrusions known on the property. There are several drill intercepts in another intrusion and associated breccia zone. Infrastructure such as power, roads and access are either at the property or close by because the project is within 20 minutes of the TransCanada.
The Russell Lake project lies in the heart of the Athabasca basin's most productive uranium zone. The company holding totals 91,000 acres between MacArthur River (483 million pounds of 15% uranium) and Key Lake 9195 million pounds of 2.5% uranium)
The LCR claims located 40 kilometers north of Terrace, BC, overlie an area with a prominent airborne geophysical anomaly associated with a 1km x 2km Cretaceous aged granitic intrusive stock hosted by Bowser Basin sedimentary rocks. BC government sampling of streams draining the intrusive body show enrichment in gold, silver, copper, arsenic and other elements associated with intrusive-hosted gold deposits such as Pogo and Fort Knox. Very limited historical exploration has been completed in the area. The most recent was undertaken by Amax Exploration in 1980 who were exploring for porphyry molybdenum deposits. Their work reported that “abundant quartz veins occur over an area of at least 1500 by 1000 meters” with sulphides reported in about 20 percent of the veins. None of the Amax samples were analyzed for gold.
| Stock Information: |
 | | Last Trade Time: Nov 23, 2009 15:31 EST | TSX-V: NCR |
| | Current
| 0.235 | | Open | 0.240 |  | | | | Change | -0.005 | | Prev. Close | 0.240 | | | | | % Change | -2.08% | | Tick Type | N/A | | | | | Volume | 98,500 | | Shares (last trade) | 68000 | | | | | Day High | 0.240 | | 52 Week High | 0.29 | | | | | Day Low | 0.235 | | 52 Week Low | 0.20 | | | | | Bid | N/A | | Ask | N/A | | | | | Bid Size | N/A | | Ask Size | N/A | | | | | # Trades | 5 | | Industry | Natural Resources | | | |
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