NSGold Corporation TSXV:NSX announced results from the Mooseland Gold Project in Halifax County, Nova Scotia. Assays include 122.15 g/t gold over 2.2 metres (including 243.73 g/t over 1.1 metres) and 36.93 g/t over 2 metres (including 61.18 g/t over 1.2 metres). Globex Mining Enterprises Inc TSX:GMX retains a 4% gross metal royalty and the right to receive shares equal to 5% of the issued stock of NSGold upon commercial production and an additional payment of $250,000 September 1, 2011.
The Mooseland Project has an historical, non-NI 43-101 compliant, indicated mineral resource estimate of 858,000 contained ounces gold.
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Glenn A. Holmes
by Ted Niles