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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

Bullboard Posts
Comment by Ken1234on Aug 12, 2008 1:18pm
291 Views
Post# 15377137

RE: The Slaughter Continues

RE: The Slaughter ContinuesIts a shame that a company with so much going for it in business terms has so much going against it in market terms - including the botched PEA release, non-existent coverage in NA, sentiment against small cap resource plays, concern over commodity demand and prices and I think an additional concern that Northlands will have difficulty getting financing to bring any of their properties into production.  In the mid term most of these things will work themselves out for the better however short term we are persona non grata.  Northlands may need a strategic partner in the form of an operating mining company to bring this to fruition - not because under normal circumstances they would need one from a financial perspective but more because optics are working very much against them.  Nobody ever went broke by underestimating the intelligence of the average investor but a whole lot of otherwise worthy companies failed by overestimating it.
Bullboard Posts