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NSS Resources Commences Trading on the Canadian Securities Exchange - Video News Alert on InvestmentPitch.com
December 19, 2014 10:18 AM EST | Source: InvestmentPitch Media
Vancouver, British Columbia--(Newsfile Corp. - December 19, 2014) - NSS Resources (CSE: NSS) is one of the latest new listings on the Canadian Securities Exchange. The company is a mineral exploration company focussed on the acquisition and assessment of precious metal properties, primarily gold properties, in Canada.
InvestmentPitch.com has produced a "video news alert" which provides a brief overview of the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "NSS" in the search box.
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http://www.investmentpitch.com/video/0_moj7tksc/NSS-Resources-CSE-NSS-New-Listing
From April 2014 to June 2014, the company staked 9 mineral claims called the Seneca Property near Harrison Lake, British Columbia, located about a one hour drive from Vancouver. The property, consisting of 205 units covering an area of 4,378 hectares, has easy road access and power. NSS Resources holds a 100% interest in the property subject to a 2% NSR.
The Seneca property has seen a significant amount of diamond drilling over its exploration history, totalling more than 33,000 metres from over 215 drill holes. More recently, between 2004 and 2007, a previous operator conducted geological mapping, drill core re-logging, rock and stream silt geochemical surveys, airborne magnetic and electromagnetic geophysical surveys, along with 2473 metres of diamond drilling in 19 holes on the Seneca zone and electromagnetic anomalies, and 2879 metres of diamond drilling in 10 holes on the Weaver Zone. For more information, please refer to the NI 43-101 Technical Report filed on Sedar.com.
A modest Phase I program of approximately $70,000 is recommended to further evaluate the property, including the compilation of previous geophysical surveys and re-interpretation of the previous airborne geophysical surveys. Subject to results of Phase 1, a Phase 2 program, budgeted at $130,000, would comprise geophysical surveys in selected areas and follow up drilling.
The company has 10.2 million shares outstanding, with 6.8 million shares subject to escrow.
For more information, please contact Jag Sandhu, President & CEO, at 778-218-9638 or email jagsandhu@telus.net.
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