Mooseland Gold District, Halifax County, Nova Scotia

Mooseland mapMooseland is the oldest known gold mine in Nova Scotia (since 1858).

The property has established infrastructure and underground access in place (roads, 400 ft mineshaft etc.).

Total inferred mineral resources for Mooseland are estimated at 454,000 ounces of gold as detailed in a NI 43-101 compliant resource report prepared by MineTech International Limited of Halifax, Nova Scotia.    A copy of this technical report dated July 20, 2012 can be accessed on SEDAR under the company’s profile at www.sedar.com.

This resource estimate is based on drill core assay results from historic and recent drilling programs totaling 45,382 meters in 183 drill holes. A summary of the updated resource estimate is provided in the table below.

* Refer to Appendix A “Notes for Mooseland Mineral Resource Estimate” of the NSGold press release dated June 5, 2012 for additional details regarding the mineral resource estimate

 

Drill set up on Hole 10 - 4 West on the West Zone of the Mooseland Gold Project.
(Above) Drill set up on Hole 10 – 4 West on the West Zone of the Mooseland Gold Project.

NQ size core from Hole 10 - 4 West
(Above) NQ size core from Hole 10 – 4 West.

Geologists logging core at the Mooseland Gold Project
(Above) Geologists logging core at the Mooseland Gold Project.

Estimated operating cost in line with current average cost of gold production at US $444/troy ounce. On top of that, there is excellent potential for adding to the resource/reserve base both at depth and along strike.

Mooseland Analysis

Please also see the Mooseland 3D video of interpreted gold mineralized zones – West zone .

Site of First Gold Discovery in Nova Scotia (1858)

Stamp mill engine house and shaft house,
Mooseland Gold Mining Co. (1897)
To find out more click here.

Stamp mill engine house and shaft house, Mooseland Gold Mining Co. (1897)
Photograph by E. R. Faribault. Geological Survey of Canada Photo #5297