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MegumaGold Corp.
Summary
| Project: | Killag | |
|---|---|---|
| Deposit: | Killag East | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/9/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-5-2019: MegumaGold Corp. announces an Exploration/Drilling Update report for its Killag East deposit at the Killag project. Drilling results incl. 4m @ 4.94g/t Au from 67m. These initial RC holes were designed to test the extension and continuity of the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Cullen (Mercator Geological Services Ltd.) | |
| ABSTRACT: | These initial RC holes were designed to test the extension and continuity of the “Axial Zone” of the goldbearing anticlinal structure at Killag and follow up drilling will be required. Assay results are currently being interpreted and incorporated into a 3D geological model of the Killag Property. MegumaGold holds 180,754 hectares of prospective mineral titles in Nova Scotia, representing more then 466km of anticlinal coverage. With its massive land package the company firmly believes that we are in the first wave of a new golden era in Nova Scotia that has been ushered in by an understanding of how gold is hosted within the Meguma terrane , similar to Atlantic Gold’s Touqouy deposit. Killag is just the first in MegumaGold’s developing pipeline of emerging deposit assessments. Theo van der Linde, the President of MegumaGold Corp. stated “Until recently Nova Scotia has been vastly under- explored for bulk tonnage mining scenarios similar to Atlantic Gold’s Touqouy deposit. We’re extremely pleased to be assessing our initial results and expand that understanding across our massive land package. | |
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