Nevada Gold Corp. (fka NVGC)

[roger wilco]

I wish every stock I am in did as well as NVGC has done this month!

The Diamond Jim Mine in Elko County consists of 35 claims and is located in northeastern Nevada, 20 miles (32 km) south of the Idaho border, 69 miles (111 km) north of the city of Elko and 260 miles (418 km) northeast of the city of Reno. The Diamond Jim mine was discovered in the late 1860's and went into production in 1934 with commercial production commencing in 1954. The property lies on the easterly end of the northeast-trending Midas trend, one of Nevada's several important epithermal gold belts. The Midas trend hosts a number of significant to world-class gold districts such as Midas-Ken Snyder Mine and the Jerritt Canyon Mine (recently produced its 8 millionth ounce of gold). These mines produce mainly from epithermal vein systems favourable for small but profitable high-grade operations and Carlin-type sediment-hosted deposits amenable to large-scale open-pit bulk mining. Previous "estimated" non-NI 43-101 compliant resources were, in the Company's view substantial, with a grade of 2 ounces of silver per ton. This estimate was defined in 1985 by Columbus Mines Inc.