NEW YORK, March 23, 2017 /PRNewswire/ --
Gold prices continued to climb on Wednesday after equities retreated Tuesday and the U.S. dollar fell to near six-week lows.
The price of bullion has rallied 4 percent in six days or hitting its highest level in three weeks. Concerns about the
presidential administration's ability to deliver pro-growth policies boosted the demand of the yellow metal. In addition,
political uncertainty over the presidential election in France also pushed gold prices higher.
Gold is considered as a safe-haven asset in times of uncertainty, so after a slump in global equity markets on Tuesday, investors
are looking for safe assets to diversify their portfolio. Secova Metals Corp. (OTC: SEKZF) (TSX-V: SEK), First Mining Finance
Corporation (OTC: FFMGF), GoldMining Inc. (OTC: GLDLF), Nexus Gold Corporation (OTC: NXXGF), NuLegacy Gold Corporation (OTC:
NULGF)
Last week, the Federal Reserve decided to raise interest rates by 25 basis points, but the FOMC appeared to be less hawkish,
which sent the dollar lower and gold prices higher. Nitesh Shah, director, economist and commodity
strategist at ETF Securities, told CNBC: "We expect gold to rise to US$1300/oz by mid-year (over 5%
gain), before declining back to current levels by year-end. A dovish Fed will be met by inflation surprises over the coming
quarter, which will lead to further decline in real interest rates."
Secova Metals Corp. (OTC: SEKZF) (TSX-V: SEK) is a Canadian gold exploration company focused on building a strong asset
base through exploration of undervalued gold projects in Canada. Management has demonstrated
expertise in advancing gold exploration projects into acquisition targets, most notably in the province of Quebec. Secova has the exclusive right and option to acquire from Tres-OR Resources Inc., an undivided 65%
right, title and interest in the contiguous Duvay and Chenier Gold Projects. Secova can earn up to 90% of the property (an
additional 25% ownership) by funding a pre-feasibility study after the initial exploration expenditures to bring the property
towards production.
Just earlier today Secova Metals announced that it, "has increased its land position within the Windfall Lake district by
acquiring 1107136 B.C. Ltd., a private B.C. Company which sole asset is 299 claims, or 16,500.55 hectares, for a purchase price
of forty-thousand dollars and nine million shares of the Company.
The majority of the acquisition, 261 claims or 14,369.25 hectares, are adjacent to Secova's Eagle
River project which is on a south-east trend to the Windfall Lake, Urban Barry and the
Gladiator gold projects. This acquisition has increased the Eagle River Project by approximately 370% from its original size (as
per the Company's November 29th, 2017 news release on the acquisition of the Eagle River project
than totaling 4,354 hectares) and brings the Company's total contiguous land package to 19,778.7 hectares (356 claims).
With this acquisition, the Company also acquired three other claim blocks totaling 38 claims (or 2,141.3 hectares) that are
strategically located in the western region of the gold camp and are adjacent to Osisko Mining's Windfall Lake project and
Metanor's Urban-Barry project.
"This acquisition provides Secova's shareholders with an opportunity to participate in the development of the Windfall Lake
gold project and surrounding properties," stated Brad Kitchen, CEO & Chairman of Secova.
"Management and Consultants are reviewing historic data and are in conversation with airborne and ground geophysics companies to
develop an exploration plan that will rely on both new technology and management's intimate understanding of the development of
the area."
First Mining Finance Corporation (OTCQX: FFMGF) is a mineral property holding company whose principal business activity is
to acquire high quality mineral assets with a focus in the Americas. The Company currently holds a portfolio of 25 mineral assets
in Canada, Mexico and the United
States with a focus on gold. Eventually, the goal is to continue to increase its portfolio of mineral assets through
acquisitions that are expected to be comprised of gold, silver, copper, lead, zinc and nickel. The company had also completed
acquisition of Ontario and Quebec gold projects. "We are very
pleased to have acquired the additional Pickle Lake and Central
Duparquet claims, as it furthers our efforts in consolidating the land packages in the regions we are active in, which
should ultimately benefit each of our projects," said Chairman of First Mining, Keith
Neumeyer.
GoldMining Inc. (OTCQX: GLDLF) is a public company with a focus on the acquisition, exploration and development of
projects in Brazil, Colombia, the
United States and Canada. The company is advancing its São Jorge Gold Project in northern
Brazil, its Titiribi Gold-Copper Project in western Colombia,
its Whistler Gold-Copper Project in southern Alaska, and its Rea Uranium Project in the western
Athabasca Basin in northeast Alberta, Canada. GoldMining will
aggressively execute its business plan to acquire and advance top-tier gold assets in the current depressed gold market
environment.
Nexus Gold Corporation (OTC: NXXGF) is a Vancouver-based mineral exploration company
focused on gold development projects in some of the world's premier exploration and mining districts. The company is currently
developing two projects in Burkina Faso, West Africa. The
Bouboulou gold concession is near-surface exploration project with numerous historical gold occurrences of both length and grade.
The property was previously explored by Riverstone Resources and Roxgold Inc. The Niangouela gold concession is located on the
Boromo Greenstone Belt, same as the Company's Bouboulou Gold Concession and is proximal to the Kalsaka deposit and the Sabce
shear. The company has delineated a 1km quartz vein strike with samples as high as 2,950 g/t gold.
NuLegacy Gold Corporation (OTCQX: NULGF) is an advanced stage Nevada exploration
company focused on expanding its Carlin-style near-surface Iceberg oxide gold deposit with an established exploration target of
90-110 million tonnes of 0.9 to 1.1 grams of gold per tonne, and exploring for additional gold deposits. The Iceberg gold deposit
has similar geology to that of Barrick Gold's multi-million-ounce Pipeline deposit the discovery
of which is credited to NuLegacy's Chief Geoscience Officer, Dr. Roger Steininger. The Iceberg is
located on trend and adjacent to three of Barrick Gold`s multi-million ounce Carlin-type gold
deposits (the Pipeline, Cortez Hills and Goldrush deposits) that are amongst Barrick's lowest cost
and politically safest gold assets.
Please sign up now at http://www.FinancialBuzz.com To Receive Alerts
on Trending Financial News from all these companies. "The Latest Buzz in Financial News"
Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News,
Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company
Interviews. A pioneer in the financially driven digital space, video production and integration of social media,
FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and
advertising for third parties for disseminating news and original content through our unique media platform that includes
Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not
undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided
[exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into
service agreements with the companies which are the subject to the articles posted on the Site or other editorials for
advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this
editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on
the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and
sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer
any personal opinions as we purely incorporate public market research along with financial and corporate news. FinancialBuzz.com
only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this
release, FinancialBuzz.com has been compensated a total of seven thousand dollars for financial
news dissemination and pr services by a third party non affiliate for secova metals corp. Our fees may be either a flat cash
sum or negotiated number of securities of the companies featured on this site, or a combination thereof. The securities are
commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of
the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR
advertising. FinancialBuzz.com does not undertake to update any of the information on the Site or continue to post information
about any companies the information contained herein is not intended to be used as the basis for investment decisions and should
not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to
buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result
from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes
electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own
independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By
accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended
from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase,
hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor.
This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular
security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and
tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions.
We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to
change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not
guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com
For further information:
Media Contact:
info@financialbuzz.com ,
+1-877-601-1879
SOURCE FinancialBuzz.com