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NevGold Corp T.NAU


Primary Symbol: V.NAU Alternate Symbol(s):  NAUFF

NevGold Corp. is a Canada-based exploration and development company targeting large-scale mineral systems in the districts of Nevada and Idaho. The Company owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho. The Limousine Butte Project is located within the Basin and Range physiographic province of east-central Nevada. The deposits of the Limousine Butte Project are Carlin-type deposits, sediment-hosted, with disseminated gold. The Nutmeg property consists of approximately 1,724 hectares and comprises 210 federal unpatented lode mining claims, 12 patented claims, and two leases of private land. Its Cedar Wash project is a high-potential, advanced exploration prospect located in Lincoln County, 75 kilometers southeast of Pioche, on the southern flank of the Clover Mountains. Zeus copper project is approximately 40 kilometers northwest of the Nutmeg Mountain gold project.


TSXV:NAU - Post by User

Comment by Magnumon Jan 24, 2013 6:43pm
274 Views
Post# 20887252

Dato, good advice...

Dato, good advice...

Here is a third example, T.BAJ, their mine had cost over-runs and was on the way to completion. Baja dropped from near a buck to the mid-forties, then tanked to a nickel or something sad on a massive mine project, it is still off about 90% as they have yet to find funding for their portion of the cost over-run.

https://www.stockhouse.com/companies/overview/t.baj/baja-mining-corp.

Crazy times in the resource sector, one of my juniors rolled back with only 29MM shares outstanding,(insiders control 21 MM shares ,so the float is peanuts, and they still claim they have few options) and says they can't move forward until they roll-back 1 new for 4 old,not good times if you are looking for funding.

GLTA,Magnum

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