Jul. 8 at 9:43 PM
$NXGCF Today, NexGold Mining announced a major permitting milestone for its flagship Goldboro Gold Project in Nova Scotia, with the Government of Canada has approved an amendment to Schedule 2 of the Metal and Diamond Mining Effluent Regulations (MDMER), officially designating seven water bodies within the planned tailings management facility (TMF) as tailings impoundment areas: https://nexgold.com/nexgold-receives-schedule-2-amendment-approval-for-goldboro-gold-project/
Boasting a nearly 11-year mine life, an average annual production of 100,000 oz Au, and an initial capital cost of approximately C
$271 million, the high-grade, advanced-stage open-pit Goldboro Gold Project hosts over 1.4 Moz of Measured and Indicated gold (open pit and underground) plus an additional ~0.5 Moz Inferred resource with robust gold recoveries (~96%) and all-in sustaining costs under US
$850/oz.
More info on NEXG: https://www.reddit.com/r/Canadapennystocks/comments/1lu8w3k/nexgold_mining_nexgv_or_nxgcf_pursues/