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Nevada Exploration Inc (TSXV: NGE) - in Brief
Nevada Exploration Inc. is an exploration company focused on gold in Nevada. NGE is led by an experienced management team that has been involved with the discovery of more than 30 million ounces of gold in Nevada. NGE is aggressively applying the latest in "blind deposit" exploration technology to identify, acquire, and advance new exploration properties in Nevada's highly prospective, yet underexplored covered basins. Specifically, NGE has developed proprietary hydrogeochemistry (groundwater chemistry) exploration technology to explore for gold in Nevada's covered basins where traditional exploration techniques are challenged. Using its industry leading exploration technology, NGE has assembled a portfolio of nine new gold projects, and with over 20,000 hectares (75 sq mi), is evolving as a major player in this world class jurisdiction. NGE's business model is to leverage its properties and technology to create shareholder value through generative exploration, joint ventures, and other exploration partnerships.
Investment Essentials - NGE.VN - Share Highlight
Investment Essentials - NGE.VN - Chart
Nevada Exploration Inc (TSXV: NGE) - Investment Highlights
- Nevada Exploration (NGE) is in the business of generating gold exploration targets for Joint Venture using a NEW proprietary groundwater chemistry exploration technology applied to the 50% of Nevada that has never been systematically explored – the areas covered by a thin veneer of sand & gravel.
- NGE currently controls minerals rights on nine properties (12th largest land holder in Nevada). Further, NGE has completed detailed follow-up groundwater chemistry, detailed gravity and detailed air magnetic geophysical surveys on all nine properties, soil sampling and seismic geophysics on some and early phase drilling on four.
- NGE has a JV agreement with AuRico Gold Inc. (TSX: AUQ, NYSE: AUQ) for its Awakening property and the second phase of exploration work is underway on this property. The success of this JV could greatly increase interest in other NGE properties. This JV was originally signed with Northgate Minerals, which was acquired by AuRico Gold in October 2011.
- The company has also signed an agreement with US Gold Corp (TSX: UXG) to use its ground water chemistry technique to identify drilling targets at US Gold’s properties. US Gold engaged NGE to conduct a hydro geochemistry exploration program on the company’s large land position surrounding its Gold Bar and Tonkin Properties, located south of Barrick Gold’s Cortez gold mines in Nevada. Any exploration success as a result of NGE’s work could act as a strong catalyst for its shares.
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