Tag: NX Gold Ltd.

Impact: Mildly Positive

NxGold is advancing its Pilbara projects towards a maiden drill program. We continue to believe that the current enterprise value (EV) of the company does not reflect ongoing exploration success or the potential that this company has to make a gold discovery in the Pilbara. With funding in-place to advance this project through initial drilling, we believe the market is providing investors an opportunity as it has yet to price in this company’s fair value.

Impact: Mildly Positive

NxGold’s exploration efforts at Mt. Roe, continue to highlight the potential for this company to make both hardrock and conglomerate gold discoveries. While recent results continue to suggest the project has value, the current enterprise value (EV) implies shell value. With funding in-place to advance this project through initial drilling, we believe the market is providing investors an opportunity, as this is the type of company that should see a strong rally, in January.

Impact: Mildly Positive

NxGold’s exploration update provides highlights the increasing importance of the more traditional hard rock targets at its Mt. Roe Project in Australia. This exploration update along with our recent site visit supports our view that NxGold has the potential to make both a traditional hard rock gold discovery and a conglomerate gold discovery at its Mt. Roe project.

Impact: Mildly Positive

Exploration at Mt. Roe identifies new hard rock target. Recent exploration efforts by NxGold at its Mt. Roe project resulted in the discovery of the Sun target, to go along with the advancing Eagle hard rock target. While at an early stage, proximity to Artemis’ Silica Hill’s project emphasises the potential for discovery. This recent exploration update continues to support our thesis that NxGold provides investors with both conglomerate gold and hard rock exploration potential.

Impact: Positive

NxGold has provided an update on its 2018 exploration program at the Mt. Roe Project in the Pilbara, which includes results from recently completed reconnaissance stream sediment sampling and assay results from th preliminary follow-up trenching/stripping program.

Impact: Positive

NxGold has provided an update on its 2018 exploration program at the Mt. Roe Project in the Pilbara, which includes recently completed reconnaissance stream sediment sampling and the completion of a preliminary follow-up trenching/stripping program.

Impact: Positive

Initial mapping at NxGold’s Mt. Roe project has highlighted its exploration potential and therefore given the recent success at the Pilbara assets, the company has decided to withdraw from Chicobi to focus on the Mt. Roe project in addition to its Kuulu project in Nunavut.

Impact: Mildly Positive

NxGold has discovered more gold nuggets and provided an update on its maiden mapping program at its Mt. Roe Gold Project in the Pilbara, which is adjacent to properties held by Novo Resources (TSX:NVO) and Artemis Resources (ASX:ARV).