Nikos Explorations Ltd.
Last: 0.175   Volume: 136804   Day High: 0.200   Day Low: 0.165  



Nikos Explorations’ Borden Lake Extension property occurs in the Kapuskasing Structural Zone (KSZ), which is host to the 4.3Moz Borden Lake Gold deposit of Goldcorp Inc.

The KSZ is underexplored, having seen no significant historical exploration due to the high metamorphic grade of the rocks in the zone. Prior to the 2010 discovery by Probe Mines Limited, it was generally believed that the high metamorphic grade would have destroyed any pre-existing gold deposits. Given the continued success of the exploration at Borden Lake, it now appears that the formation of the KSZ may have been instrumental in the concentration of gold in the deposit. This opens up significant new areas for exploration with excellent infrastructure. Nikos is very excited to be well positioned in this new frontier.