New Guinea Gold is pleased to announce that the previously announced acquisition of NGG by PNG Gold pursuant to a plan of arrangement was approved at a special meeting of NGG shareholders on April 12, 2012. The Arrangement will result in PNG acquiring all of the issued and outstanding shares of NGG. Under the terms of the Arrangement, each NGG [...]
PNG Gold is pleased to report assay results from its 2011 exploration program at the Imwauna gold project, located on Normanby Island, Milne Bay province, eastern Papua New Guinea. Points of Interest: Geological mapping of the Imwauna vein system has extended the system over 2.0 kilometres along strike and remains open.
PNG Gold announces that the board of directors has appointed Mr. Lorne Warner, P.Geo, as the Company's Interim President & CEO. Mr. Warner is a professional geologist with over 30 years production and exploration experience in the minerals industry in Canada, USA, Mexico and Brazil, mainly with Noranda Exploration and Placer Dome. During his tenure [...]
PNG Gold Corporation jointly announce that, further to their joint news release dated November 4th, 2011, they have executed a binding Arrangement Agreement whereby PNG Gold will acquire all the shares of New Guinea Gold by way of Plan of Arrangement at an exchange ratio of one NGG share for 0.125 PNG Gold shares (the 'Arrangement'). In addition [...]
PNG Gold has received the assay results from the final 12 diamond drill holes completed during its 2011 exploration program at the Imwauna gold project, located on Normanby Island, Milne Bay Province, eastern Papua New Guinea. Highlights from these most recent results include 15.8 g/t Au over 1.8 m in hole IMH 242 at a vertical depth of 190 metres [...]
PNG Gold has received results of preliminary metallurgical test work on its Imwauna gold project on Normanby Island, Milne Bay Province, eastern Papua New Guinea. The test work was commissioned on PNG Gold's behalf by Lycopodium Minerals, Brisbane, QLD at Metcon Laboratories of Sydney, NSW, a division of the global ALS Group of testing [...]
PNG Gold Corporation announces the assay results for a further 21 holes from its Imwauna gold project on Normanby Island, Milne Bay Province, eastern Papua New Guinea with highlights as follows: 32.1 g/t Au over 1.4 m, approximately 150 vertical metres below surface and 20.2 g/t Au over 2.4 m (IMH 218, section 10200N), approximately 45 vertical [...]
PNG Gold provides exploration and project development updates for the Imwauna Gold Project and nearby Sehulea property, both located on Normanby Island, Milne Bay Province, eastern Papua New Guinea with highlights as follows: Renewal of exploration licenses EL 1091 and EL 1069 anticipated in normal course of business
PNG Gold announces that it has granted an incentive stock option to Chief Financial Officer, Dr. Michael A. Reimann, to purchase up to 100,000 common shares in the Company at an exercise price of $0.57 per common share. Ms. Leianne Emery, Investor Relations Manager for PNG Gold, hired as an internal full-time salaried employee for shareholder and [...]
PNG Gold announces assay results from 31 recently completed diamond drill holes on its Imwauna Project, Normanby Island, Milne Bay Province, eastern Papua New Guinea. The drilling was designed to provide additional information in the northern and central part of the deposit at shallow depths where there were gaps in the historic drilling and at [...]
New Guinea Gold and PNG Gold jointly announce that they have entered into a letter of intent with respect to a potential acquisition of New Guinea Gold by PNG Gold. This announcement is being made in response to recent unusual trading volume in New Guinea Gold's common shares in the absence of any material news from New Guinea Gold. This letter of [...]
PNG Gold announces it has met the exploration expenditure requirements under its option agreement with New Guinea Gold, and has notified NGG of its desire to exercise its option to acquire the remaining interest it does not already own in Exploration Licenses (EL) 1091 and 1069, the Imwauna and Sehulea properties, respectively. Both properties are [...]
