Mr. Jag Sandhu reports
NSJ GOLD CORP. (NSJ) (9PZ) ANNOUNCES FLOW-THRU FINANCING FOR EXPLORATION ON ITS ANTIMONY 2.0 PROPERTY
NSJ Gold Corp. has arranged a flow-through financing of up to seven million flow-through common shares at 30 cents for gross proceeds to the company of up to $2.1-million. The net proceeds received from the offering will be used by the company for exploration and development activities on its Antimony 2.0 property.
About NSJ Gold Corp.
NSJ is an exploration and development company focused exclusively on antimony. NSJ is developing the Antimony 2.0 property located in New Brunswick, Canada. The Antimony 2.0 property has excellent access including provincial and logging roads and hydro power.
The project is 35 square kilometres and has exciting antimony discoveries which include three particularly robust antimony soil anomalies. The geology is the same package of interbedded Silurian greywacke and argillite that characterize the Lake George antimony mine approximately 15 km to the southwest. The Lake George antimony mine was North America's only primary antimony producer. The Lake George antimony mine operated for various periods from the 1860s to 1998 and produced as much as 4 per cent of the world's demand of antimony from 1970 through 1992.
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