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NxGold declares force majeure

Explorer NxGold (CN:NXN) has declared a force majeure event over its earn-in to the Kuulu gold project in Nunavut, due to the continued delay in renewing land-use licences which is preventing drilling.

NxGold declares force majeure NxGold declares force majeure NxGold declares force majeure NxGold declares force majeure NxGold declares force majeure

Delayed licence renewals hamstring earn-in project

It said yesterday it had earlier received a positive decision from the Nunavut Impact Review Board regarding the project and was pursuing "all avenues" to secure the key renewals.

"The c...

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