Nova Scotia Gold Companies Good day Golden ,
I have also been following the great potential investments in Nova Scotia Gold.
I believe that APP is amongst a number of other companies vying for production status in the coming years.
Here is a great article in the local halifax paper showing the number of companies in the gold business in NS.
https://thechronicleherald.ca/business/38512-gold-prospecting-20-nova-scotia
If APP was all alone, i could be concerned, but with everyone else starting to spend money in the same region of the world, there must be gold !! and a good amount for production!!
This is a bargain basement price at this SP.
This looks like a great pick, thank you so much for the info.
and of course Good Luck To All !!
MJ
Here is the article
Gold prospecting up 20% in Nova Scotia
It’s hardly like 1858 when Nova Scotian men abandoned their farms and fishing boats to try to make their fortunes in the province’s first gold rush.
But with the shiny yellow mineral now fetching nearly US$1,745 an ounce —up 171 per cent from five years ago—the province’s gold prospects are glittering again.
Underscoring that fact is the 16 per-cent-increase in Nova Scotia acreage staked for gold exploration during the first eight months of 2011 compared to a year earlier.
What’s more, several companies—among them home-grown NS Gold Corp. Quebec-based Resources Appalaches and Toronto-based Canuc Resources Corp.--have gold prospects which are at advanced stages of development.
One—Australian-based Atlantic Gold NL—is predicting commercial production by 2014. Another, Acadian Mining Corp. says it’s not far behind.
“We may be on the verge of creating a new industry in Nova Scotia”, said Acadian Mining president Grant MacEwan.
One with important job potential for the province’s struggling rural areas says Diane Webber, liaison geologist, Nova Scotia Department of Natural Resources.
“A producing commercial gold mine will put this province on the map in the mining world,” she said Thursday.
Nova Scotia has had small producing gold mines in the past. But the new players who are furthest along are contemplating open pit mines big enough to produce commercial quantities of gold for the first time in this province.
Atlantic Gold, for example, thinks its Touquoy property at Moose River and its Cochrane Hill project in Guysborough County hold roughly 1.2-million ounces of gold—enough to spin $315-million in annual cash flow for a decade.
In a recent interview Atlantic Gold executive Wally Bucknell told the Financial News Network: “We don’t see any reason why there aren’t multimillion ounce deposits in Nova Scotia like Touquoy or Cochrane Hill, just waiting for a discovery.”
MacEwan agrees. His company picked up acreage when the price of gold was lower and the current global exploration boom had yet to begin.
A year ago Acadian sold its zinc prospects to refocus on gold exploration and development. Now it hopes to bring two potential open pit sites to the “pre-feasibility stage” in the next 18 months.
“When we get open pit mines in operation gold will be an important industry to Nova Scotia,” he said.
For prospectors like Scott Grant of Pictou increased interest in Nova Scotia gold is already paying off.
Before gold prices soared he would likely stake three or four gold properties at a single time in the hope of optioning them to exploration companies. Today Grant has 35 properties that bear his name.
“In the 90s, it was slow and you’d be lucky to make a deal,” he said Thursday. “But the last three or four years have been very good. I’ll make six or seven this year. I’m making some money.”