NWX Stock Discussion

Newport Exploration Ltd. Description

Newport Exploration Ltd. is a Canada-based exploration-stage company. The Company is a natural resource company engaged in the acquisition and exploration of resource properties. It holds approximately 2.5% gross overriding royalty on various permits in Australia. The Company has royalty interests in producing oil and gas permits in the Cooper Basin, Australia, and a mining project in British Columbia, Canada. Its Cooper Basin project includes EX-PEL 91 OIL and EX-PEL'S 632, 106 and PPL 239-WET GAS, which is located on Western Wet Gas Fairway, Cooper Basin. The Company also has an interest in the Chu Chua sulfide deposit located approximately 30 kilometers north of Kamloops, British Columbia, with a National Instrument 43-101 (NI 43-101) compliant copper-gold resource. It has approximately 100 diamond drill holes totaling over 19,000 meters in resource area. The deposit consists of over two vertical and steeply dipping lenses of pyrite-chalcopyrite and magnetite.

Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Mining Gold Copper Oil Oil And Gas Natural Resource Diamond Sulfide Kamloops Magnetite Lenses Chalcopyrite Energy In Queensland Pyrite Cooper Basin Energy In South Australia Geography Of Australia Geology Of Queensland Newport States And Territories Of Australia