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.).

The resource estimates (in the table below) were prepared by MineTech International of Halifax, Nova Scotia (reference the Appendices to NSGold press releases dated May 3, 2011 and June 15, 2011 for the various assumptions used for the estimations).

Mooseland Summary of Non-Diluted Inferred Mineral Resources

 

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 .