Northern Gold Mining (TSXV:NGM) and Champagne Resources entered into a letter of intent under which Champagne has granted Northern Gold the right to acquire all of its mining claims located in each of the Guibord, Michaud and Holloway Townships in Ontario, Canada.

Related reading: Gold Sell-off as Fiscal Cliff Deadline Approaches

Securities Disclosure: I, Andrew Topf, do not hold equity interests in any of the companies mentioned in this article.

Gold Stays Low as Hope Fades for Fiscal Cliff Resolution from Gold Investing News