Nova Scotia’s new gold show set to whet investors appetite
Nova Scotia is home to the lowest cost gold mine in Canada. In fact, it’s the tenth lowest cost gold mine in the world, according to Mining Intelligence, a MINING.com sister company.
The Touquoy gold mine opened in 2017 and is just the first of four mines planned for Atlantic Gold’s Moose River Consolidated Project. Touquoy is expected to produce 92,000-98,000 ounces of gold in 2019 at all-in-sustaining-costs between C$695-$755/oz ($521-566/oz). Australia’s St. Barbara recently closed a deal to purchase Atlantic Gold for C$722 million.
Nova Scotia is in the middle of a gold rush. Besides Touquoy, four other gold mines are currently in the permitting process. The number of mineral claims in the province doubled from 2017 to 2018 – most of it focused on gold. Exploration drilling in Nova Scotia surged 2,641% from 2016 to 2017 to over 200,000 metres drilled – again, most of it looking for gold.
The Mining Association of Nova Scotia (MANS) is organizing the Nova Scotia Gold Show so investors, exploration and mining companies can learn about the province’s gold opportunities. The conference takes place October 17-19, 2019 in Halifax.
Besides Atlantic Gold, speakers at the conference will include:
- Anaconda Mining which is currently doing permitting for the Goldboro Gold Project, an advanced exploration and development project on Nova Scotia’s eastern shore.
- Northern Shield Resources, which will discuss Shot Rock, its large, low sulphidation epithermal gold project, the first of its kind in the province.
- Transition Metals whose Highland Gold project is a large regional stream sediment gold anomaly in the Cape Breton Highlands.
- Osprey Gold which has a portfolio of highly prospective gold assets in Nova Scotia, includingGoldenville which is located in the historical mining district of the same name.
- MegumaGold Corp, a Canadian junior gold exploration company which has assembled a strategically-positioned tenure of 180,754 hectares within the Meguma Gold District.
- AYARCO, whose property is in the historic Kemptville Gold District in southwest Nova Scotia which produced at least 2000 troy ounces of gold between 1881 and 1915.
The Nova Scotia Gold Show is free to attend for industry and government representatives, but advanced registration is required.
Well over a million ounces of gold have been extracted in Nova Scotia since it was discovered here in 1858. Come learn how we plan to extract the next million.
Sean Kirby is Executive Director of the Mining Association of Nova Scotia.