GREY:GDPEF - Post by User
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LOCKDOWNon May 07, 2019 8:46pm
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Post# 29722498
RE:RE:RE:Where’s all this info coming from?
RE:RE:RE:Where’s all this info coming from?Mr. Stephen Hughes, CEO, commented: "Having worked in Nova Scotia early in my career, I have always known the province is rich in gold. Atlantic Gold are proving that by operating the Touquoy Gold Mine and rated the lowest cost gold producer in the sector (All-in sustaining costs USD 566 per oz.). Atlantic recently announced total in-pit Measured and Indicated Mineral Resources for the Moose River Consolidated Mine topping 2 million ounces, confirming potential for large scale gold projects in the province. Carube staked the SBG project area because it shows significant exploration potential for saddle-reef and vein hosted gold mineralization. The large gold in till anomaly has never been followed up and the underlying Goldenville Formation is host to most of the gold produced historically in Nova Scotia. The Company is planning immediate boots-on-the-ground mapping and sampling in order to determine the source of the strong gold in till anomaly. Securing a prospective gold district in a favorable jurisdiction is just another step in positioning Carube for near term growth and creating long-term value for all stakeholders."