Business
Carube Acquires Gold Project in Nova Scotia's Prolific Meguma Gold Belt
Toronto, Ontario--(Newsfile Corp. - April 9, 2019) - Carube Copper Corp. (TSXV: CUC) is plea...
About this update from C3 Metals Inc.
[{"type":"text","content":"Carube Acquires Gold Project in Nova Scotia's Prolific Meguma Gold BeltToronto, Ontario--(Newsfile Corp. - April 9, 2019) - Carube Copper Corp. (TSXV: CUC) is pleased to announce the Company has acquired through staking directly from the government, a 100% interest in 300 mineral claims covering the Stewart Brook Gold project area (\"SBG\"), totalling over 46 square kilometers. The claims are located in Guysborough County, Nova Scotia. The SBG project area was staked because it shows district scale exploration potential for saddle-reef and vein style gold mineralization. Property highlights include:Located along strike of Atlantic Gold's Cochrane Hill depositLarge gold in till anomaly defined, measuring 8000m by 4000mThree historical gold districts located within 5kmMapped anticline and synclines with cross cutting faultsExcellent infrastructure, access and investor friendly jurisdictionMr. Stephen Hughes, CEO, commented: \"Having worked in Nova Scotia early in my career, I have always known the province is rich in gold. Atlantic Gold are proving that by operating the Touquoy Gold Mine and rated the lowest cost gold producer in the sector (All-in sustaining costs USD 566 per oz.). Atlantic recently announced total in-pit Measured and Indicated Mineral Resources for the Moose River Consolidated Mine topping 2 million ounces, confirming potential for large scale gold projects in the province. Carube staked the SBG project area because it shows significant exploration potential for saddle-reef and vein hosted gold mineralization. The large gold in till anomaly has never been followed up and the underlying Goldenville Formation is host to most of the gold produced historically in Nova Scotia. The Company is planning immediate boots-on-the-ground mapping and sampling in order to determine the source of the strong gold in till anomaly. Securing a prospective gold district in a favorable jurisdiction is just another step in positioning Carube for near term growth and creating long-term value for all stakeholders.\"GOLD IN NOVA SCOTIAGold mining in Nova Scotia's dates back more than 150 years, commencing in the mid 1800's and continuing through to the early 1900's. It is estimated that over a million ounces of gold has been produced during that time, and the province is once again seeing a boom in mineral exploration and mining. Althoug...