{"id":1151372,"date":"2019-11-22T17:44:14","date_gmt":"2019-11-22T23:44:14","guid":{"rendered":"https:\/\/www.mining.com\/?p=1007528"},"modified":"2019-11-22T17:44:14","modified_gmt":"2019-11-22T23:44:14","slug":"megumagold-expands-exploration-holdings-at-touquoy-mine","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1151372","title":{"rendered":"MegumaGold expands exploration holdings at Touquoy mine"},"content":{"rendered":"<p>MegumaGold&nbsp;(CSE: NSAU,&nbsp;FSE: 2CM)&nbsp;announced Friday that it has expanded its exploration holdings by acquiring an additional 47 claims (761 hectares) to the northeast of St Barbara&#8217;s&nbsp;Touquoy&nbsp;Gold mine in Nova Scotia.&nbsp;<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The strategic acquisition provides the company with an expanded and now continuous land position along the northern side of the Moose River Corridor.&nbsp;<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>Both of these&nbsp;gold deposits occur within a common, broad, mineralized\/structural corridor and were central to the St Barbara&nbsp;take over&nbsp;of Atlantic Gold for $722 million in 2019 <\/p>\n<\/blockquote>\n<\/figure>\n<p>The newly acquired claims provide infill between MegumaGold\u2019s existing&nbsp;Touquoy West project area, that adjoins to the west of St Barbara&#8217;s&nbsp;Touquoy&nbsp;Gold Mine holdings, and its extensive holdings in the vicinity surrounding that company&#8217;s Beaver Dam gold deposit.<\/p>\n<p>Both of these&nbsp;gold deposits occur within a common, broad, mineralized\/structural corridor and were central to the St Barbara&nbsp;take over&nbsp;of Atlantic Gold for $722 million in 2019,&nbsp;MegumaGold&nbsp;said in a press release.&nbsp;&nbsp;<\/p>\n<p>The effects of a major northwest trending fault corridor in this northeast area are also apparent in airborne survey results and increase local structural complexity. Multiple structural complexity influences plus local potential for&nbsp;favourable&nbsp;argillite-bearing stratigraphy combine to make the new holding an attractive exploration target,&nbsp;MegumaGold&nbsp;said.&nbsp;&nbsp;<\/p>\n<p>The company is initiating a detailed compilation of historic geological, geochemical and geophysical survey results for the area to specifically assess&nbsp;prospectivity&nbsp;and potential for near-term drilling target development, it said.&nbsp;&nbsp;<\/p>\n<p>At market close Friday,&nbsp;MegumaGold\u2019s&nbsp;stock was up nearly 8%. The company has a C$13.5 million market capitalization.&nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The deposits occur within a common mineralized structural corridor and were central to the St Barbara take over of Atlantic Gold for C$722 million in 2019.<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1151372"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1151372"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1151372\/revisions"}],"predecessor-version":[{"id":1151374,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1151372\/revisions\/1151374"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1151372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1151372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1151372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}