Mar 22, 2021
 in 
Precious Metals

Latest Gold IPO: NSJ Gold Corp. (CSE: NSJ)

NSJ Gold Corp. (CSE: NSJ) is an exploration company that has an option to acquire a 100-per-cent interest in the Golden Hills project located in Western Arizona (subject to a 3-per-cent net smelter returns royalty). The property consists of 7 patented claims and 94 unpatented mining claims covering a total of 1,970 acres (8.5 square kilometres). The company's business objective is to explore for gold mineralization on the property. NSJ's management team possess extensive experience in financing, exploration, development and mining.

Located along the Walker Lane Gold Trend, the property is 21 miles northeast of the Copperstone Mine, and 100 miles south of the Moss Mine.

Copperstone Mine:

Arizona Gold Corp. (TSX.V: AZG) currently owns The Copperstone Mine, which is a high-grade, fully-permitted gold deposit located in mining-friendly Western Arizona, along the Walker Lane Belt. Having historically produced ~500,000 ounces of gold, Copperstone contains existing infrastructure which reduces investment requirements and speeds up the timeline to production. Arizona Gold Corp. (TSX.V: AZG) completed an US$18M project financing to restart Copperstone done by – Star Royalities (TSX.V: STRR). Arizona Gold Corp. (TSX.V: AZG) has 346M shares outstanding, and is currently trading at $0.125, giving it a market cap of $43.25M.

www.arizona-gold.com

Moss Mine:

Northern Vertex's (TSX.V: NEE) 100% owned Moss Gold Mine is in Arizona, approximately one hour and a half drive south of Las Vegas, Nevada. The Company optioned the Moss Property in 2011 and advanced the project by completing a pilot plant test facility in 2014.  In 2015, the Company completed a Feasibility Study and subsequently a Preliminary Economic Assessment in 2017, which featured an extension to the mine life from 5 to 10 years. Northern Vertex's (TSX.V: NEE) recently merged with Eclipse Gold (CSE: EGLD), creating a well-funded gold producer and consolidator, operating entirely in the Western United States. As of February 2021, the combined entity had a cash balance of approximately US$18.7 million. Northern Vertex's (TSX.V: NEE) has 271M shares outstanding, and is currently trading at $0.40, giving it a market cap of $108.4M.

www.northernvertex.com

Golden Hills:

NSJ Gold Corp. (CSE: NSJ) Golden Hills asset has been worked on since the early 1980s, with historical drilling completed:  

• In the early 1940’s high-grade copper/gold ore was mined from a shaft and decline. Historical Total recorded production from the Golden Hills Project area is 5000 ounces of gold, 7000 ounces of silver and 350,000 pounds of copper.

High-grade near vertical hematite-quartz-sulfide veins from surface occur over a wide area as multiple en echelon features.

• In April 2019, metallurgical testing was performed on a mineralized chip sample taken from trenching along a high grade vein. The 15kg sample contained 25.0 g/t gold (0.73 oz/ton gold) and 2.53% copper.

• A line of drill holes 800 feet north under gravel cover showed gold and copper intercept thickness and continuity is increasing to the northwest.

• Initial gold recovery using gravity separation yielded 89.3% recovery and formed a concentrate that assayed 2,477 g/t.  Further gold extraction using cyanide yielded 99.6% total gold recovery, and copper recovery via acid leach was 70.1% with moderate acid consumption.

The company is run by a team of highly successful executives, and geological professionals:

Jag Sandhu; Founder, CEO, Director

Mr. Sandhu has over 18 years of experience in the capital markets in corporate finance and development. Mr. Sandhu has assisted domestic and international mining companies in raising multi million dollars for exploration, development and expansion. He has dealt extensively with strategic planning, mergers and acquisitions, financings and operations for various companies. Mr. Sandhu has held various senior level executive positions in a number of listed companies. He received his Bachelor of Economics degree from Simon Fraser University in 1990.

Richard R. Kern B.Sc., M.Sc., P.Geo; Advisor to the Board, Qualified Person (“QP”)

Prior to forming Great Basin Resources Inc. Richard co-founded MinQuest Inc. in 1998 and managed significant gold discoveries at Fire Creek and Longstreet, Nevada and at Moss, Arizona. Richard held positions with several major mining companies before starting his own company. He is a Professional Geologist with over 35 years’ experience in base and precious metal exploration in the U.S., Central America, South America, and Australia. Richard has had field, executive, and management level positions in companies such as North Mining, HomestakeMining Company, and Superior Oil. He has been involved in major mineral discoveries in the Western United States and Australia. He has a Master’s of Science Degree in Geology from Idaho State University and a Bachelor of Science Degree in Geology from Montana State University. His exploration methods involve results-driven mixing of practical field geology, geochemistry and drilling with state of the art GIS, geochemical and geophysical methods. His strong analytical skills and hands-on field oriented mentor management style has proven to be a successful combination in developing various mining ventures.

Chris Zerga, Director

Mr Zerga has more than 35 years of mining experience through-out the USA., with a focus in Nevada. He has held several senior level executive positions with multiple major and junior mining companies. Mr Zerga’s background includes all aspects of mining from exploration, development, to production. His experience includes working with - Freeport McMoran(NYSE: FCX), Anglo Gold Ashanti (JSE: ANG), Minorco SA which merged with Anglo American Corp. creating a $10 billion merger, Newmont Corporation (NYSE: NEM), Queenstake Resources Ltd. merged with YGC Resources, and Scorpio Gold Corp. (TSXV: SGN). Mr. Zerga is currently the general manager for Rawhide Mining LLC, which is a fully permitted open pit heap leaching operation that is currently producing gold and silver doré in Fallon, Nevada. Rawhide Mining is a private company backed by EMX Royalty Corp. (NYSE: EMX) which owns 19.9% respectively. Mr Zerga has technical experience with all ore types and recovery methods. His expertise includes - Wet and Dry grinding, Heap Leaching, Flotation, Roasting, Chlorination, including Merrill Crowe, CIL, CIP, CIC and Gravity recovery methods.

Rodney Stevens, CFA, Vice President of Corporate Development, Director

Mr. Stevens is a CFA charterholder with over a decade of experience in the capital markets, first as an investment analyst with Salman Partners Inc., then as a merchant and investment banker. While at Salman Partners, he became a top-rated analyst by StarMine on July 17, 2007. Mr. Stevens was also a Portfolio Manager registered with WolvertonSecurities Ltd. and over the course of his career, he has been instrumental in assisting in financings and M&A activity worth over $1 billion in transaction value. Currently, Mr. Stevens is the Vice President, Interim CFO, Director of Discorvry Harbour(TSX.V: DHR) which is advancing their Caldera Project in Nevada, U.S.  

Paul Grewal, CPA and CA, Chief Financial Officer

Mr Grewal is currently a Partner with HWG Chartered Accountants in Surrey, BC. He received his Bachelor of Commerce from UNBC in 1998, received his CA designation in 1998 and has completed Parts I & II of the CICA In-Depth Tax Course. Mr. Grewal joined Heming, Wyborn & Grewal in 2005 and was promoted to Partner on January 1, 2009. Mr Grewal has been the CFO of a number of publicly listed junior mining companies in Canada. He has extensive experience in the financial management of corporations that are doing business in a variety of industries.

NSJ Gold Corp. (CSE: NSJ) has 23M shares outstanding, and is currently trading at $0.30, giving it a market cap of $6.9M

WWW.NSJGOLD.COM

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