MegumaGold Corp (CSE: NSAU, FSE: 2CM) a Canadian Junior Gold exploration company, is focused on value-oriented exploration within the Meguma formation, an emerging gold camp in Nova Scotia.
Nova Scotia has a rich history of gold discovery and production and has been one of Canada’s first gold mining camps with production dating back to 1861. Between 1862 and 1927, 966,241 ounces of gold were mined from 2,184,850 tons of crushed material (G. Malcolm, 1929 memoir). Historical exploration has focused on narrow-vein high-grade gold deposits. This traditional model is being re-shaped by the discovery of disseminated gold in the slates in the historic Nova Scotia mining district. Meguma Gold’s projects encompass extensive gold showings on the major structures, along strike from recent discoveries, new mining operations, and include known gold resources.
MegumaGold is one of the province’s largest single mineral claim holders and a leading gold exploration company in Nova Scotia, holding 6,614 claims covering over 110,791 Ha, at this point These claims were staked along the under-explored trends of known gold producing anticlinal structures. The Company estimates that it controls approximately 466 kilometers (total strike length) of gold-prospective anticlines.
The Company is strategically positioned to build value through targeted exploration of high priority zones and capitalize on the regional scale potential of a major gold camp in the making.
MegumaGold is a well-financed, lean and efficient exploration team focused solely on creating exceptional value for our shareholders.