NevGold Corp T.NAU

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

Metals & Mining Industrial Metals & Minerals

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.

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NevGold Corp

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Post by inv4lifeon Mar 06, 2011 3:18pm

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Post# 18240883

Increased production targets to 10 Mtpa?

In the latest video Anders Hvide mentions that the annual output of Hannukainen will be 3 million tonnes of iron ore concentrate (compare 2 million tons acc. PEA).

Hvide also mentions something interesting regarding Kaunisvaara, namely the construction of Pellivuoma can be advanced by new financing and increasing the annual capacity by 2 million tonnes in addition to the 5 million tons planned. This means 7 million only from Kaunisvaara and 10 million in total including Hannukainen.

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