Bloomberg reported that Rodeo Creek Gold and its affiliates have filed for bankruptcy protection.
As quoted in the market report:
The filing became necessary after the companies failed to secure financing, outside of bankruptcy, to fund operations through the conclusion of a sale process, Chief Executive Officer Raymond Dombrowski Jr. said in court papers.
Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.
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