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 delta_noon Sep 11, 2011 1:44pm

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Post# 19030661

Any ideas

farrouk 9/11/2011 11:37:33 AM
“Why did we drop 10% on Friday when good news was released?”

To get a plausible answer I think you have to ask the customer(s) of Svenska Handelsbanken (SHB) who sold very aggressively a large bulk of shares, and others followed on the “catalyst” SHB in selling it looked like. There apparently isn’t any good fundamental reason for the Northland share to be maybe the world’s worst performing share on Friday.

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