- Nuggets found by NxGold management during site visit.
- Close spatial relationship of numerous prospector holes and prospective unit confirmed.
- Grab samples collected (assays pending).
- Mapping continues.
VANCOUVER , April 24, 2018 /CNW/ - NxGold Ltd. (the "Company") (NXN.V) is pleased to announce the discovery of additional gold during its maiden mapping program on its Mt. Roe Gold Project located in the Pilbara Region, Western Australia. The project lies adjacent to tenement holdings of Novo Resources (TSX:NOV) and Artemis Resources (ARV.AX) (Figure 1).
There is a close spatial relationship to numerous prospector gold detector holes occurring within tens of meters downslope along the prospective conglomerate contact zone (the "Unconformity") (Figure 2). Further surveying and trenching is planned to more fully determine the orientation and extent of this unconformity structure, interpreted to be the source of the melon seed gold nuggets found on the project area to date by previous owners and by the Company's executive team (Figure 3).
During the recent mapping program seven nuggets were recovered by the Company's CEO in approximately half an hour of detecting on the north eastern side of the tenement package (Figure 4). Ten grab samples of more conventional styles of potential gold mineralisation, epithermal and shear-hosted, were collected and submitted for assay; results are pending.
Christopher McFadden , Chief Executive Officer commented, "It is exciting to get fieldwork underway in the heart of this new gold exploration province. We are expecting a report on the mapping shortly and this will be the first step in unlocking this opportunity. It is remarkable being able to find a number of nuggets in such a short time considering the area has been picked over by prospectors for many years. Mapping is ongoing and a follow up phase of work to better understand the geology and gold morphology will commence soon after. We look forward to updating the market as further work is commenced."
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