PLOT THICKENS - JUICY STUFF MORE DIGGING -
Turns out -Mega was the origina lowner of Madsen.
Yamana came along and took out Mega.
So.... what's on the Madsen North Cliams....
Hang on ot your seat....
The North Madsen project lies in the Red Lake gold camp. It contains 22.96 million measured and indicated tonnes at 1.20 g/t Au in all zones. That works out to 888,752 contained oz. The total inferred resource is 10.14 million tonnes at 1.18 g/t Au, or 383.936 contained oz. A cut-off of 0.6 g/t was used in the calculations.
https://www.canadianminingjournal.com/news/gold-north-madsen-contains-more-than-top-1m-oz/
I almost - chucked - when i saw what Mega sold it for....
Hmmmm....Yamana got a helluva a deal.
My mind is now in a whirl as to why Nexus" is valued so low witrh many great intercepts.
Nexus seems to bew in that near same - grade - category as, what Mega was in.
Yamana.... could be that - burdensome weight.
But.... who knows.
Yamana's " purchase " of Mega's North Madsen.
https://ca.paidpromotionalmessages.com/companies/news/106420/yamana-gold-to-buy-mega-precious-metals-for-175-million-61151.html
So.... our neighbor Yamana,) kissing Nexus ) has 1.2 million ounces ( two categories )
Go figure.
So.... i wonder if Yamana has bene peering over the fence taking a look at Nexus" great intercepts ? Ha....
What i'd like ot know is..... how far reaching is Yamana's deposit and if those long drill holes
proved theor 1.2 million ounces is with depth beyond - 300m ?
Secondly....supposingit was beyond 300m, then... does in make sense Nexus is tinkering with shallow holes ? Mnay of these red lake deposits - run extremely deep.
If Nexus' next round on incoming assays achieve same results as prior, i would hope Yamana has the - class - to pitch hit for Nexus" for future rounds - say.... JV style ?
If not... and a small junior has ot go it alone and dilute- wel.... i'll lose all faith in the industry.