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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

Comment by sysaphuson Feb 10, 2013 4:24pm
209 Views
Post# 20965534

RE: RE: RE: RE: So It's all agreed ,you all think

RE: RE: RE: RE: So It's all agreed ,you all think

Good day to you too mdjbrown.

Thanks for the response. That's about what I assumed. Basically it's bankruptcy minor. No doubt the best solution all things considererd but no joy for shareholders. Which is why I asked that question. I doubt the news that Nau will continue as a company is much comfort to those here who will lose their entire investment.

That being the case I suppose the share price of this will drift to mere pennies.

Do you recall how long the process between appointing a trustee and the eventual sale took?

 

Hopefully there will some consequences for the authors of this cluster-fluck.

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