NSGold Corporation (NSX – $0.29) was recently featured in two Canadian newspapers. Unfortunately, both articles are only available for their subscribers.
First, The Chronicle Herald, one of the most popular newspapers in Nova Scotia, Canada, wrote a piece titled: “A Golden Opportunity to Strike it Big”. In the article, business reporter Judy Myrden writes that thanks to the high price of gold, exploration in Nova Scotia is again booming. Glenn Holmes, NSGold’s CFO, adds that although there are currently no Companies producing gold in Nova Scotia, interest in the Canadian province has picked up dramatically simply because there are fewer and fewer attractive places in the World to search for gold.
The second article appeared in The Northern Miner, the world’s leading mining publication. In a 4-page write-up the author gives a detailed overview of NSGold’s most advanced project, the Mooseland gold property. Historic workings as well as the geological structure of Nova Scotia and Mooseland are thoroughly described.
Mr. Holmes says that although Nova Scotia is well known for gold occurrences, as 1.2 million ounces of gold were mined in the province through to the 1940s, only halfhearted efforts to exploit properties were made in more recent years.
Mr. Holmes concluded: “Once all drill results for Mooseland are in hand, NS Gold will begin planning the next phase. This will most likely include dewatering the existing shaft and extending the decline to the targeted veins in order to take some sort of bulk sample. This would serve to support a new reserve estimation and eventual development decision.”
These articles confirm that NSGold is being noticed as a professional Company with a clear plan to start production at its Mooseland gold property within two years.
We expect more drilling results and positive developments for NSGold in the coming weeks. The stock remains a buy.
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