Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Carube Copper (TSXV: CUC) announced this week that it acquired a 100% interest in 300 mineral claims covering the Stewart Brook gold project area in Guysborough County, Nova Scotia.
The claims were acquired through staking directly from the government, cover 46 square kilometers and are located along strike of Atlantic Gold’s Cochrane Hill deposit. Three historical gold districts are within 5 kilometres of the property.
Three historical gold districts are within 5 kilometres of the property
In a press release, Carube said the Stewart Brook gold project area was staked because it shows district scale exploration potential for saddle-reef and vein-style gold mineralization.
The Toronto-based miner also said that the area shows a large gold in till anomaly, measuring 8000 metres by 4000 metres.
“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,” Stephen Hughes, Carube’s CEO, said in the media brief. “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.”
