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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. The Company is targeting large-scale mineral systems in the proven districts of Nevada, Idaho, and British Columbia. Its projects include Limo Butte Property, Nutmeg Mountain Property, Cedar Wash Property, and Ptarmigan Property. The Company’s Limousine Butte Property is located in east-central Nevada approximately 105 kilometers north of Ely, Nevada, and encompasses approximately 6,650 hectares. The Cedar Wash is an exploration-stage gold property located approximately 300 km South-Southeast of Limousine Butte in Lincoln County, Nevada. The Company’s Ptarmigan property is located in the Purcell Mountains, approximately 35 kilometers west of the village of Radium Hot Springs in southeastern British Columbia and comprises 9,287 hectares. The Nutmeg Mountain property is located in Western Idaho, comprises 1,724 hectares of Federal unpatented mining claims, 12 patented claims and two leases of private land.


TSXV:NAU - Post by User

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Post by Lehighgulchon Jan 31, 2013 9:33pm
265 Views
Post# 20921328

Need we say more

Need we say more

November 21, 2012 Project update

"Financing

Northland Resources believes that, in combination with the continuing support of Standard Bank Plc ("Standard Bank") through the Cost Overrun Facility of USD 40 million signed in May 2012, and the Letter of Intent ("LOI") signed with Stemcor Trade Finance Ltd ("Stemcor") whereby Stemcor intends to commit USD 50 million of working capital, the Company has sufficient funds to start production at the Kaunisvaara project and thereby generate revenues during the first quarter of 2013.

The Company is negotiating with several parties concerning the financing of rail cars and harbor equipment, which would decrease Northland's investments in Capex."

Need we say more?

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