Twitter Facebook LinkedIn YouTube

NxGold Ltd. (TSXV:NXN) Feature Company

Video Platform Video Management Video Solutions Video Player

NxGold Ltd. Is an exploration and development company focused on pursuing high grade gold opportunities in world-class mining districts. The company was founded by the team behind NexGen Energy Ltd. and will employ the same disciplined approach to exploration/development.

Additional Information:

Company: NxGold Ltd
Website: http://www.nxgold.ca
Stock Symbol: TSXV: NXN
Date Published: Sep 7, 2018
Transcript: Available

Video Transcript:

I’m Erica James for Investmentpitch Media

Today’s feature company is NxGold Ltd., an exploration and development company focused on pursuing high grade gold opportunities in world-class mining districts.

NxGold was founded by the team behind NexGen Energy Ltd. and will employ the same disciplined approach to exploration/development.

The company owns 80% of the Mt. Roe gold project, which is located approximately 30 kilometres South of Karratha, and the Port of Dampier, in the Pilbara region of Western Australia.

The Pilbara region is well known for its gold potential and of reported ‘Witwatersrand-style’ gold bearing conglomerate discoveries.

The region has excellent infrastructure with major roads, railways, ports and power.

Topography at Mt. Roe consists of flat terrain with rolling hills.

There is good potential that gold-bearing conglomerates occur at the base of the Basalt.

Conglomerates have been traced and interpreted for over 5 kilometres of continuous strike length which remains open to the North, South and dipping beneath the Mt. Roe Basalt.

The Project encompasses a 1,232 hectare land package within the Pilbara region, immediately adjacent to Novo Resource’s Karratha Gold Project.

NxGold recently completed a reconnaissance stream sediment sampling program, collecting a total of 45 stream sediment samples.

This image shows the distribution of those samples which returned visible gold grains with the inset showing an example of gold grains recovered from a sluiced then panned stream sediment sample.

A preliminary follow-up trenching/stripping program was also completed expanding the exposure of sediments at the target horizon and continuing to evaluate the target horizon to the southwest.

Gold nuggets discovered on the Project are mostly flattened and coarse with rounded edges giving them the appearance of watermelon seeds, similar to those found on adjacent Karratha Gold Project.

Christopher McFadden, CEO, stated: “Our systematic approach to evaluating the Mt. Roe properties continues to support gold being shed from the Mt. Sholl ridge. The stream silt samples define key portions of the ridge with the potential to host gold mineralisation. The identification of vein structures in the ‘Specimen Area’, among others, supports the potential existence of primary gold mineralisation on the property. Both of these targets are being evaluated and we look forward to continuing to unlock the potential of this prospective project.”

The company has also entered into an earn-in agreement with Meliadine Gold Ltd. to earn up to a 70% interest in the Kuulu Project, formerly known as the Peter Lake Gold Project, in Nunavut.

Multiple clusters of quartz carbonate boulders containing high-grade gold have been discovered on the Property with strong evidence that the bedrock source is also within the Property.

The shares are trading at $0.13.

For more information please visit the company’s website www.nxgold.ca, contact Travis McPherson, Vice-President Corporate Development, at 604-428-4112 or by email at tmcpherson@nxgold.ca.
I’m Erica James for Investmentpitch Media