Nevada Gold Holdings, Inc. (OTCBB: NGHI) has received permits for the intent to drill sites on the Tempo Property. The property is located on the north south trending Rabbit Creek Gold Trend, which contains at least 80 million ounces of gold. The company has submitted a cash bond through the State of Nevada guarantee process and have receive approval to initiate the drilling program. The property was originally identified by Lyle Campbell in 1968. The company received a mineral lease in December, 2008.
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Headquartered in Fernley, NV, Nevada Gold Holdings, Inc. engages in the acquisition, exploration, and development of gold properties. The Company’s experienced management seeks to identify world class gold deposits by applying advanced geological and geophysical methods to high potential exploration properties located in the productive gold mining regions of Nevada. The Company currently holds a lease on one property, the Tempo prospect, located approximately 20 miles northwest of Austin, Nevada. Tempo consists of 206 contiguous unpatented lode claims, totaling about 4000 acres, and is located within the north-south trending Rabbit Creek Gold Trend. The Company’s current plan is to explore for gold at Tempo and to acquire future exploration prospects, and ultimately to develop Nevada Gold Holdings into a successful exploration company.
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