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Until March 24 Moydow s main acquisition in Ghana was the Ntotoroso property in the Yamfo Sefwi gold belt a 50/50 joint venture with Newmont Mining On that date Moydow sold its share to Newmont for US$20 million Moydow will also get a 2 net smelter return royalty for all gold and silver production from Notoroso in excess of the currently defined reserve of 12 million ouncMining Company Receives Permits to Initiate Open Pit Mining at Golden Chest New Jersey Mining Company OTCQB NJMC NJMC or the Company announced tod

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Receive real time news on the latest mining projects across a range of minerals including gold platinum diamonds copper and ferrous metalsThe Yamfo Sefwi project is located on the north west margin of the 22 to 21 Ga Birimian Yamfo Sefwi belt of volcanics dominated by tholeiitic meta volcanics and meta sediments near the sheared contact with the adjacent Sunyani Basin sediments

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