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NXS.V Nexus Gold – Breakout? Reports 2,950 g/t Gold at Niangouela
http://www.stockwatch.com/Chart/Hist.aspx?symbol=NXS®ion=C
Thanks looks good.
I have a discovery of merit .....
NXS.V - Nexus Gold – > Reports 2,950 g/t Gold at Niangouela
http://www.stockwatch.com/Chart/Hist.aspx?symbol=NXS®ion=C
Hi If you like gold.
A jr named Nexus Gold reported over 100 oz gold/ ton or 2950 g/t gold last week !
Nexus Gold Corp. (TSX-V: NXS, OTC: NXXGF, FSE: N6E) announced it has received geochemical results from Actlabs Burkina Faso SARL, an ISO 9001:2008 certified independent lab, from its initial exploration program at the Niangouela Gold Concession located 60 kilometres north of Ouagadougou, Burkina Faso, West Africa.
The highlights of the program include sample NG005 taken from the primary quartz vein at 46 metres below surface which returned a value of 2,950 g/t gold. In addition, sample NG006 was collected from the artisanal dumps of the sheared intrusive which returned a value of 23.9 g/t gold. These results indicate the presence of high-grade gold occurring within the primary quartz vein and the sheared intrusive envelope. These samples were selected and may not be representative of the mineralization hosted on the concession.
Is the world looking at the next Mexican high grade silver mine soon to be discovered?
Silver Spruce Resources (SSE-TSX.V) believes so and that there is a potential 130,000,000 million ounces of silver waiting to be mined next to world’s largest silver producer Couer Mining’s Palermerjo Silver Mine.
In late August of this year Silver Spruce Resources reported assays a high as 557 grams of silver (over 17 ounces) at their Pino de Plata project, a 397-hectare silver property located in the Sierra Madre Occidental in the Western Chihuahua State, of Mexico.
Silver Spruce plans to execute a 1,000- to 1,500-metre drill program to test the defined targets where high grade silver was discovered.
Based on the previous exploration results completed by Silver Spruce Resources it appears their chances of a new Mexican high grade silver discovery are realistic.
Pino de Plata
The Pino de Plata project is located some 15 kilometres from Coeur Mining Inc.'s Palmarejo open pit and underground silver mine. The Pino de Plata property has supported small-scale production of high-grade mineralization in the past; however it has never been systematically explored or drilled.
El Terrero area
In the El Terrero area, the company reported assays as high as 557 grams per tonnes silver (over 17.9 ounces per tonne).
Theodora area
With the Theodora area the company reported assays as high as 553 grams per tonne silver (17.78 ounces per ton).
Santa Elena area
Around the Santa Elena area the company reported assays of up to 200 grams per tonne silver.
Appoints Mr. Chris Taylor P.Geo to the Board of Directors
May 30, 2016 / TheNewswire / New Carolin Gold Corp. (the "Company" or "New Carolin") (TSXV: LAD / OTCBB: LADFF). The Company is pleased to announce the appointment of Mr. Chris Taylor, P.Geo, to the Company's Board of Directors.
Mr. Taylor is a professional geologist with over 15 years of experience, including tenures with both mid-tier producer and exploration stage mining companies. Mr. Taylor has a bachelor's degree in Earth Sciences and a master's degree in Structural Geology from Carleton University. Mr. Taylor currently serves as a director of a number of publicly traded companies, and is a director, President and CEO of Great Bear Resources Ltd. and Dunnedin Ventures Corp. Mr. Taylor is a published author on gold deposits and his work as a structural geologist has focused on resource expansion in near-term development and brown field stage mining projects.
Mr. Taylor will assist the Company with technical oversight of upcoming work at the Carolin mine, and with corporate development activities.
About New Carolin Gold Corp.
New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of our strategic 144 square kilometers of contiguous mineral claims, collectively known as the Ladner Gold Project. The project is located near Hope, BC, in the prospective and under-explored Coquihalla Gold Belt, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine, Pipestem Mine and numerous gold prospects.
Mr. Robert Thast CEO Video http://www.newcarolingold.com/blank-page/
For additional information, please visit the Company's website at www.newcarolingold.com.
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Project Highlights
• Desirable mining location
• Recently acquired 100%
• Closed financing for $2,100,000 March & May 2016
• Five past producing underground gold mines trending NW on the east side of the Hozameen Fault, within the Coquihalla Gold Belt
• Approximately 144 sq km contiguous land package
• NI 43-101 Carolin Resource - 607,000 oz inferred grading 1.5 g/t 0.5 g/t cut-off
• NI 43-101 McMaster Resource - 79,000 oz inferred grading 0.69 g/t 0.5 g/t cut-off
• Metallurgy – recent tests averaged 91%+ recovery
• Existing Mine Permit – M138
• Exploration Permit MX-7-185
• TSF NI 43-101 inferred resource of 23,700 and 5,000 oz indicated at 1 g/t oz of 1 g/t with .5 cut-off
• Gold belt runs for 28 km on Company claims along the Hozameen Fault.
• 5 historical mines (since 1925)
• 30 known gold workings and high grade occurrences with little to no follow-up work
• Exploration and drilling has been limited to Carolin with minor drilling at the McMaster Zones and very sporadic exploration at other key targets
• Very large geophysical and geochemical signature
• Compelling 3D Geological Model
• Metallurgical test work indicates overall gold recoveries of up to 94.5% possible
• Gold zones associated with deep 1st order crustal fault – Hozameen Fault
• Similar geological setting to Bridge River Gold Camp (Bralorne) and California’s Mother Lode District