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NevGold Corp NAUFF


Primary Symbol: V.NAU

NevGold Corp. is a Canada-based exploration and development company targeting large-scale mineral systems in the districts of Nevada and Idaho. The Company owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho. The Limousine Butte Project is located within the Basin and Range physiographic province of east-central Nevada. The deposits of the Limousine Butte Project are Carlin-type deposits, sediment-hosted, with disseminated gold. The Nutmeg property consists of approximately 1,724 hectares and comprises 210 federal unpatented lode mining claims, 12 patented claims, and two leases of private land. Its Cedar Wash project is a high-potential, advanced exploration prospect located in Lincoln County, 75 kilometers southeast of Pioche, on the southern flank of the Clover Mountains. Zeus copper project is approximately 40 kilometers northwest of the Nutmeg Mountain gold project.


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Post by tinkvidon Apr 14, 2023 9:34am
156 Views
Post# 35394869

RE: More Nutmeg Mountain drill results..HUGE

RE: More Nutmeg Mountain drill results..HUGEAnd Assays Pending with contiuous drill mobilized!

Current drill program update: The drill program is tracking according to schedule and budget, and drill results will be continuously released over the coming months.

Nevgold vice-president, exploration, Derick Unger comments: "Our first drill holes at Nutmeg Mountain exceeded our expectations and demonstrate that the project hosts a strong, continuous gold system that starts essentially at surface. Additionally, this drilling has identified new potential feeder structures at depth that have high-grade potential. It is also noteworthy that this is the first drill program on the project to use oriented core, a technology that is essential to understanding the structures that control the gold mineralization. We are excited to leverage this new oriented core data and our understanding of the stratigraphy to continue to quickly add gold resource ounces. We have completed subsequent drilling and eagerly await further assays from the current drill program."
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