April 11, 2007 Shares of Northern Lion Gold Corp. (TSXV:NL) rose 30 per cent Wednesday after the firm said it will focus on its Portuguese properties after selling all its Finnish mineral properties to Lappland Goldminers AB of Sweden for about $10.5 million in cash and shares, reports Canadian Press. The deal consists of $5 million cash and 1.77 million shares, the Vancouver-based company said Wednesday. After a trading halt, Northern Lion Gold stock was up nine cents at 39 cents, on more than 846,000 shares traded.
November 6, 2006 Reported released the results of its 2006 exploration program. A total of 44 holes were drilled in the two zones: North Zone - the best mineralized intervals (five-metre composite samples) obtained from the
percussion drilling yielded 9.84 g/t and 5.25 g/t from two holes (AP-09, AP-14) located about 40 metres apart; South Zone - The exploration returned gold values consistent with those encountered in the North zone, with the maximum being 1.8 g/t over five metres from hole AP-31.
May 3, 2006 Commenced a shallow percussion drilling in the area. The purpose of this work was to investigate the recent discovery of abundant, small gold nuggets obtained from several till samples at Ansomaki. Up to 50 holes, each 20 to 30 metres in length, for a total of 1,000 metres, will be completed by mid-May.