Mining News in Republic Of Cyprus

Northern Lion Gold Corp.
Northern Lion Gold Corp.
NL
Republic of Cyprus

Northern Lion Suspends Exploration Activities, Republic of Cyprus

Northern Lion Gold Corp. announced the termination of its option agreement with Centerra Gold, which had an option to earn up to 70% interest in exploration permits in Cyprus. Centerra cited unencouraging drill results from the 2014 program, leading Northern Lion to suspend all exploration activities in the Republic of Cyprus. The reported drill results for the Mavroyi and Saramas targets showed generally low-grade gold, silver, and zinc intercepts, with seven out of nine holes yielding no significant assays.

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Northern Lion Gold Corp.
Northern Lion Gold Corp.
NL
Republic of Cyprus

Northern Lion Begins Fully-Funded 2014 Exploration Follow up Program, Republic of Cyprus

Northern Lion Gold Corp. has announced the start of its 2014 surface exploration program in Cyprus, funded by project partner Centerra Gold. The program focuses on the Mavroyi and Pano Lefkara areas to follow up on previous VHMS-related mineralization discoveries. The company also intends to proceed with a non-brokered private placement to raise up to $125,000.

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