Mas Gold’s Jim Engdahl on the gold market and the strong competitive advantage of having a deposit in Saskatchewan
In a recent InvestorIntel interview, Tracy Weslosky spoke with Jim Engdahl, CEO and Director of MAS Gold Corp. (TSXV: MAS) about the recent drill results from MAS Gold’s North Lake gold deposit and about the economics of gold exploration companies at the current gold price.
In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Jim Engdahl said that the North Lake gold deposit is located amongst six other former gold producing mines and that the drill result is likely to increase the deposit’s resource calculation significantly. He went on to say that the deposit widens and gets higher grades as it’s drilled deeper and explained how MAS Gold is going to be one of the next gold producing companies in Saskatchewan.
To watch the full interview, click here.
About MAS Gold Corp.
MAS Gold Corp. is a Canadian mineral exploration company focused on exploration projects in the prospective La Ronge Gold Belt of Saskatchewan. In the belt, MAS Gold Corp. operates four properties totaling 33, 843 hectares (83, 628 acres), including the Greywacke Lake, Preview-North, Elizabeth Lake and Henry Lake Properties extending along a total of roughly 60 kilometres of the geologically prospective La Ronge, Kisseynew and Glennie Domains that make up the La Ronge Gold Belt.
MAS Gold’s holdings include the Greywacke North, North Lake and Point gold deposits and the historically defined Elizabeth Lake copper-gold volcanic-hosted massive sulphide deposit.
The Greywacke North deposit, which hosts multiple known stratabound, high-grade gold-bearing zones, has an estimated 255,500 tonnes at 9.92 g/t Au (cut-off grade of 5 grams gold/tonne) for 81,500 ounces of gold, plus an Inferred Mineral Resource of an estimated 59,130 tonnes at 7.42 g/t Au for 14,100 ounces of gold (NI 43-101 Technical Report, June 1, 2016).
The North Lake deposit located at Preview North Property is estimated to contain an Inferred Mineral Resource of 14,110,000 t grading 0.92 g/t Au, hence 417,000 contained ounces of gold (NI 43-101 Technical Report, April 10, 2020).
To learn more about MAS Gold Corp., click here.
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Tracy Weslosky is the founder and CEO for InvestorIntel Corp. (2001-Present), a leading online source of investor information that since 2001 has provided public market ... <Read more about Tracy Weslosky>