NSGold Climbs Nearly 4% As Miner Looks to Expand Mooseland Inferred Resource
NSGold Corp (NSX.V) has given up half of its earlier advance but remains ahead 2 cents at 55 cents a share after starting a 5,000-meter drilling program at its Mooseland gold property in Halifax County, Nova Scotia.
The second phase of drilling will test under-explored areas in the historic drilling zones as well as completing several holes that were postponed late last year because of adverse weather. The program specifically intends to add to the inferred gold resource, now calcuated to be 390,000 troy ounce, with much of the new drilling taking place outside the existing boundaries of the strike length drilled last year.
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