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Nevada Exploration Inc V.NGE

Alternate Symbol(s):  NVDEF

Nevada Exploration Inc. is a Canada-based exploration company focused on gold exploration in Nevada. The Company is engaged in the acquisition, exploration, and development of resource properties. It owns approximately 35,467 hectares of mineral claims in Saskatchewan. Its projects include South Grass Valley, Kelly Creek, North Grass Valley, Awakening, and others. The South Grass Valley Project is located approximately 50 kilometers (km) south-southwest of Barrick Gold Corp.’s Cortez complex, within the specific region of north-central Nevada known for Carlin-type gold deposits (CTGDs). The Kelly Creek Project is located approximately 40 km north-northwest of Battle Mountain in Humboldt County, Nevada, in the larger Kelly Creek Basin. The Awakening Project is located in Humboldt County, Nevada, 50 km north-northwest of Winnemucca, and approximately 4,000 meters north of the 4.8-million-ounce Sleeper Gold Mine. The North Grass Valley Project is located in Lander County, Nevada.


TSXV:NGE - Post by User

Bullboard Posts
Comment by realtyon Jan 15, 2019 11:14am
53 Views
Post# 29233438

RE:RE:I would like to see a halt with news

RE:RE:I would like to see a halt with newsVery true Art. Hole #5 should have been completed by Friday, November 30th. So they have had six and a half weeks to receive the assay results. Yes, I know that we had New Years and Christmas, but I doubt the company completing the assays had no one in the office working on the assays for two weeks. Although, if given the benefit of the doubt we should see hole #5 assays by Thursday. The company should have the assays in their hands right now as we speak though. The timing of the private placement was interesting. Did they run out of money to even pay the company completing the assays? If that was the case, maybe work was stopped on the assays to wait for payment? Gecko stated that they needed this money to keep the drill turning on hole #6, so maybe work halted there as well until financing went through? I think the cost to drill is fairly higher than it should be, including assays and company overhead we are looking at 6 holes for 2.5 million dollars, which is over 400k per hole. I guess we did do quite a bit of staking too, which probably drained the bank accounts. Plus there has been quite a bit of company travel and promoting lately. I am just being impatient and I hope if they have something that they just put a short initial news release out like: "NVDEF drills 100 feet of 10g/t gold". Again, I am just being impatient though. Realty
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