MegumaGold Corp, a Canadian Junior Gold exploration company, is focused on value-oriented exploration within the emerging gold camp of the Meguma formation 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 100% owned project covers more than 179,280 hectares encompassing extensive gold showings on the major projected structures of recent large and expanding discoveries.
On May 18th of 2018 the company entered into and agreement to acquire 100% interest in 3,888 claims, becoming one of the province’s largest single mineral claim holders and a leading gold exploration company in Nova Scotia. These claims were staked along the under-explored trends of known gold producing anticlinal structures. Through detailed interpretation of a recently commissioned large airborne geophysical program the company increased their land position to current holdings of 6,614 claims covering over 107,114 Ha, at this point the company estimates that it will control 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.
In recent years, Nova Scotia has experienced a paradigm shift in the understanding of the genesis and economic potential of its gold deposits.
Gold in Nova Scotia has been mined intermittently since the 1860’s from over 350 locations, mainly from high-grade, nugget-style quartz veins. Discovery in the late 1980’s of significant, disseminated gold hosted within argillaceous shales at the Touquoy Deposit in Moose River and the recent opening of Canada’s newest mine by Atlantic Gold has renewed interest in Nova Scotia’s historic gold districts.
The Company believes this new understanding of the greater deposit model demonstrates how historic vein-focused production extracted but a mere fraction of the total gold potential and that wide zones of non-visible, disseminated gold in Nova Scotia, presents an opportunity to advance Nova Scotia as a world-scale gold mining district.
In Nova Scotia, significant quantities of gold are hosted in regional-scale anticlinal structures. These structures are critical to the concentration of gold in near surface, low-cost economic quantities.
The evolution of the disseminated gold model has also generated new investor and industry awareness of the significant potential of Nova Scotia’s anticlinal structures.
Through Meguma’s 6,723 mineral claims covering 108,845 Ha, the company estimates that it now controls approximately 466 km of gold-prospective anticlines.
Source: https://megumagold.com/
FN Media Group LLC (FNMG) owns and operates FinancialNewsMedia.com (FNM) which is a third party publisher that disseminates electronic information through multiple online media channels. FNMG’s intended purposes are to deliver market updates and news alerts issued from private and publicly trading companies as well as providing coverage and increased awareness for companies that issue press to the public via online newswires. FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made in this release. Information in this release is derived from a variety of sources that may or may not include the referenced company’s publicly disseminated information. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. While this information is believed to be reliable, such reliability cannot be guaranteed. FNMG disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. This release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. This release is not without bias, and is considered a conflict of interest if compensation has been received by FNMG for its dissemination. To comply with Section 17(b) of the Securities Act of 1933, FNMG shall always disclose any compensation it has received, or expects to receive in the future, for the dissemination of the information found herein on behalf of one or more of the companies mentioned in this release. For current services performed FNMG has been compensated forty six hundred dollars for MegumaGold Corp. current news coverage by a non-affiliated third party. FNMG HOLDS NO SHARES OF MegumaGold Corp.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.