nik.vn! Nikos Exploration holds 36 square km in the prolific Borden lake gold zone. Goldcorp bought out the neighboring property from Probe for $526 million. This is the closest junior in the area to Goldcorp and is surrounded by Teck exploration and IAM gold, two major’s players in the industry.
The Borden Lake property is situated only 5 km from Goldcorp’s property.
Road infrastructure is already in place as the Borden lake property is only 16km from the nearest highway. This will make the costs of starting a mine substantially lower.
Till samples of gold have been done and results are encouraging, with one sample returning 48 grains of gold, with samples being between 10 and 20 lbs of material.
Drilling plans to start in the summer of 2016!
Only 15.6 million shares outstanding, of which over 30% is tightly held.
Amerigo Resources 14.9%, Management 10.2%, Greencastle Resources 6.4%
Get your shares before they are gone!
Good Luck to all Longs!
Goldmemb