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MegumaGold Corp. (CSE: NSAU) announced the final stage of metallurgical testing on core samples from the Elmtree Project in New Brunswick. Following a December 2022 drilling program that revealed significant gold grades, the tests are critical for further resource evaluation. The West Gabbro Zone and South Gold Zone contain substantial gold deposits, with indicated resources of 525,000 tonnes at an average grade of 4.76 g/t gold. The project spans 10,779 hectares, located 20 km northwest of Bathurst, New Brunswick. Results from the metallurgical tests are expected by the end of this month.
MegumaGold Corp. (CSE: NSAU, OTC: NSAUF) announced promising results from its 2021 diamond drill program at the Caribou Gold Project, located in Nova Scotia, Canada. Notable findings include multiple high-grade gold intervals, with grades reaching 37.10g/t gold at 200m depth and 6.38g/t gold from 17.40m in near-surface samples. The company plans further drilling to expand known gold-bearing structures and assess potential extensions. The successful completion of the program satisfies expenditure requirements to acquire 100% ownership of the project’s claims.
MegumaGold Corp. (CSE: NSAU) reported promising drilling results from the Elmtree Gold Project in New Brunswick, confirming historical gold mineralization. Seven drill holes yielded substantial intervals, with high-grade intercepts including 2.20m at 10.92g/t and 1.35m at 12.60g/t gold. Notably, thick intervals of 23.28m at 3.46g/t and 71.10m at 2.18g/t gold were identified. The company plans further drilling to refine mineralization assessments. Current estimates suggest a combined indicated and inferred resource of 1,286,800 grams of gold in the WGZ, indicating potential for future development.
MegumaGold Corp. (CSE: NSAU, OTC: NSAUF) has initiated drilling at the Elmtree Gold Project in New Brunswick, targeting the West Gabbro Zone, which has previously reported gold grades of up to 7.61 g/t over 6.4 meters. The program aims to complete 2,000 meters of drilling across approximately 12 holes. The Elmtree Project hosts two significant gold deposits: the West Gabbro Zone and the South Gold Zone, with a total indicated resource of 525,000 tonnes averaging 2.44 g/t gold. The company's claims cover an area of 10,779 hectares.
MegumaGold Corp. (CSE: NSAU, OTC: NSAUF) is set to commence core drilling at its Caribou Gold Project in Nova Scotia in early August. The project, located 80 km northeast of Halifax, consists of 16 mining claims and historically produced over 100,000 ounces of gold. Maritime Diamond Drilling Ltd. will conduct a multi-hole diamond drilling program focusing on gold mineralization identified in the area. Additionally, a geological modeling program is underway to refine drilling targets using historical data.
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