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Update: NSGold 10% Lower, Revise Mineral Estimates for Mexico, Nova Scotia Sites

NSGold Corporation (NSX.V) is off more than 10% at 43 cents per share, falling 5 cents after revising technical reports for its Dios Padre silver property in Mexico. The move follows the the British Columbia Securities Commission identifying certain deficiencies with the company's previous reports, determining its resource estimates were not supported by NI 43 101-compliant studies.

NSGold also retracted historical reserve potentials for its Leipsigate property in Nova Scotia, stating the site no longer is material to company operations.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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