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Share Name | Share Symbol | Market | Type |
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TSXV:NOV | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
PanTerra Gold Limited (ASX:PGI)(ABN: 48 008 031 034) (PanTerra Gold or the "Company"), advises that it has completed the acquisition of Vancouver based Novus Gold Corp. (TSX VENTURE:NOV) by the issue of 18,412,632 PGI shares to Novus Gold shareholders (1 for 3). PanTerra Gold has in effect acquired two exploration concessions in the Dominican Republic held by a wholly-owned subsidiary of Novus Gold. La Yagua -- 9900ha concession along strike from Perilya's producing Cerro de Maimon copper/gold mine -- Preliminary exploration programs have identified significant base/precious metals mineralisation in 5 targets, with grab samples grading up to 18% Cu, 13g/t Au, and 29g/t Ag -- Mineralisation is strata bound VMS type, same as Cerro de Maimon mine -- Extension of previous soil sampling work to cover the whole concession is justified -- Drilling of first target 6 km long and open, expected in Q4/2012 La Paciencia -- 8.600ha concession located 10 km east of the Pueblo Viejo gold deposit (+25M oz) being developed by Barrick/Goldcorp -- Underlain by same geology in Los Ranchos formation as Pueblo Viejo -- Initial exploration will focus on soil sampling and geophysics to identify drill targets -- Prospecting to date has discovered elevated gold values along structural lineaments -- Any resource is expected to be predominantly refractory, and amenable to treatment through PanTerra Gold's Las Lagunas Albion/CIL process plant
1 Year NOVX21 Inc. Chart |
1 Month NOVX21 Inc. Chart |
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