NevGold Corp V.NAU

Alternate Symbol(s): NAUFF

Metals & Mining Industrial Metals & Minerals

NevGold Corp. is a Canada-based exploration and development company. The Company is targeting large-scale mineral systems in the proven districts of Nevada, Idaho, and British Columbia. Its projects include Limo Butte Property, Nutmeg Mountain Property, Cedar Wash Property, and Ptarmigan Property. The Company’s Limousine Butte Property is located in east-central Nevada approximately 105 kilometers north of Ely, Nevada, and encompasses approximately 6,650 hectares. The Cedar Wash is an exploration-stage gold property located approximately 300 km South-Southeast of Limousine Butte in Lincoln County, Nevada. The Company’s Ptarmigan property is located in the Purcell Mountains, approximately 35 kilometers west of the village of Radium Hot Springs in southeastern British Columbia and comprises 9,287 hectares. The Nutmeg Mountain property is located in Western Idaho, comprises 1,724 hectares of Federal unpatented mining claims, 12 patented claims and two leases of private land.

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NevGold Corp

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Post by inseon Jun 02, 2022 9:14pm

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Post# 34728251

Nice close for NAU today

Not surprisingly, the market reaction to today's news release was very positive. Just remember however, that NAU ran up to 0.85 shortly after NevGold released their last set of drill results on April 6th, 2022.

Today, they have since announced an important new discovery in Cadillac Valley South, which extends mineralization 650 Meters from CV22-002 (0.83 g/t oxide Au over 126.2 meters announced on April 6th, 2022)

CV22-006 intercepted 0.51 g/t oxide Au over 73.1 meters from a drill pad over 650 meters away from CV22-002, expanding mineralization along strike to the southwest. Cadillac Valley South is an important discovery as it significantly expands the mineralized footprint at Cadillac Valley. The newly discovered area requires follow-up drilling and drillholes have been planned in the current program.

$0.67+0.10 | 17.54%Bid: 0.66 x 35000Ask: 0.68 x 12000Volume: 520,731

CADTSX VENTURE EXCHANGEDELAYED PRICEMARKET CLOSEDJUNE 2, 2022 3:58 PMEDT

NevGold CEO, Brandon Bonifacio, comments: “We are continuing to build a meaningful, near-surface, high-grade oxide gold story at Limousine Butte. Intercepting another thick, continuous hole with a 650 meter step out(Hole CV22-006)significantly expands the mineralized footprint at Cadillac Valley. It is very encouraging to see new areas of potential mineralization being identified and then confirmed by drilling, and we believe this will continue as we apply the same targeting techniques project wide. The thesis is building that we have a large oxide gold system with higher grade material than many heap-leach projects in production or development in the Western USA. We have remained on budget and on schedule with our 10,000 meter drill program and expect further assays shortly.”

NevGoldVP Exploration, Derick Unger, comments:“We are very excited about this current batch of results as they further build momentum around the Cadillac Valley target area. As we have highlighted in the past, our technical team continues to increase confidence in our geological model, which drives our drill program. We are seeing positive reconciliations of expectations against results in terms of thickness and grade, and this trend will continue as we further expand the mineralized system. Hole CV22-004 that was lost in mineralization due to ground conditions was targeted to extend another 200 meters in a very prospective area. With the continuous reinforcement of our geological model, we have also identified a number of targets on untested ground that have the potential to add to the mineralized footprint.”