MegumaGold Corp (CSE: NSAU, FSE: 2CM) a Canadian Junior Gold exploration company, is focused on value-oriented exploration within the emerging gold camp of the Meguma formation in Nova Scotia.
Nova Scotia has a rich history of gold discovery and production and has been one of Canada’s first gold mining camps with production dating back to 1861. Between 1862 and 1927, 966,241 ounces of gold were mined from 2,184,850 tons of crushed material (G. Malcolm, 1929 memoir). Historical exploration has focused on narrow-vein high-grade gold deposits. This traditional model is being re-shaped by the discovery of disseminated gold in the slates in the historic Nova Scotia mining district. Meguma Gold’s 100% owned project covers more than 179,280 hectares encompassing extensive gold showings on the major projected structures of recent large and expanding discoveries.
On May 18th of 2018 the company entered into and agreement to acquire 100% interest in 3,888 claims, becoming one of the province’s largest single mineral claim holders and a leading gold exploration company in Nova Scotia. These claims were staked along the under-explored trends of known gold producing anticlinal structures. Through detailed interpretation of a recently commissioned large airborne geophysical program the company increased their land position to current holdings of 6,614 claims covering over 107,114 Ha, at this point the company estimates that it will control approximately 466 kilometers (total strike length) of gold-prospective anticlines.
The company is strategically positioned to build value through targeted exploration of high priority zones and capitalize on the regional scale potential of a major gold camp in the making.
MegumaGold is a well-financed, lean and efficient exploration team focused solely on creating exceptional value for our shareholders.