Vancouver’s West Vault Mining Inc. (TSX-V: WVM) (OTCQX: WVMDF) recently hosted a tour at its flagship gold operation in Nevada, giving stakeholders, analysts and journalists the opportunity to see the project first-hand.
The company announced Thursday that attendees such as the renowned mining analyst John Kaiser and Managing Director of the investment banking company Roth Capital Partners Joseph Reagor were in attendance for the tour of the Hasbrouck gold project along with several independent investors, government officials and community representatives.
Others in attendance included the journalist and investor Thom Calandra, the precious metals and junior mining analyst Robert Sinn and an Investment Associate from Sprott Global, Edward Bonner.
“We have presented the Hasbrouck Gold Project many times since we acquired it in 2014 and thought it was time to bring some key people to see the project for themselves,” said West Vault’s CEO Sandy McVey, adding that the tour was a great success.
“It was clear to the visitors that the project is ready to advance to a production decision when the opportunity presents itself as compelling for lower-risk long-term shareholder returns.”
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Over the course of the three-day tour period, West Vault says it helped organize visits to eight other nearby mining operations for attendees in Nevada’s Tonopah district.
These include the Eastside and Castle projects operated by Allegiant Gold Ltd. (TSX-V: AUAU) (OTCQX: AUXXF), the Hughes project owned by Summa Silver Corp. (TSX-V: SSVR) (OTCQX: SSVRF) and Viva Gold Corp.’s (TSX-V: VAU) (OTCQB: VAUCF) Tonopah gold project.
West Vault has a 12,000-acre land package with expansion potential that is currently producing approximately 71,000 ounces of gold per year. The company’s shares dropped by 1.08 per cent Friday to $0.92 on the TSX Venture Exchange.
Drilling underway the Hasbrouck gold project. Photo via West Vault Mining
Nevada was recently ranked as the world’s number one mining jurisdiction to invest in by Canada’s Fraser Institute based on the state’s potential for producing precious metals and other minerals and government policies that are beneficial for the mining industry.
NevGold Corp. (TSXV: NAU) (OTCQX: NAUFF) is another Vancouver-based gold producer with active operations in Nevada. The company just discovered new and untested areas of its Limousine Butte project in the state.
NevGold shares have been on a steady incline in recent days, rising by 21.88 per cent since the beginning of this year to trade at $0.39 on the TSX Venture Exchange Friday, July 7.
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