Welcome to our dedicated page for Nevgold news (Ticker: NAUFF), a resource for investors and traders seeking the latest updates and insights on Nevgold stock.
Nevgold Corp (NAUFF) delivers focused mineral exploration through strategic projects in Nevada and British Columbia. This news hub provides investors and industry observers with essential updates on resource evaluation progress, technical developments, and corporate milestones.
Comprehensive Coverage: Track official announcements ranging from geochemical survey results to strategic land acquisitions. Our curated collection includes exploration updates from the Limousine Butte copper-gold property, Cedar Wash gold targets, and Ptarmigan silver-zinc project developments.
Investor-Centric Resource: Stay informed about critical activities including assay results interpretation, permitting advancements, and partnership announcements. All content maintains technical accuracy while prioritizing accessibility for both professional analysts and engaged shareholders.
Key Focus Areas: Regular updates cover resource estimation reports, exploration methodology enhancements, and regional mining trends impacting NAUFF's projects. Bookmark this page for streamlined access to Nevgold's evolving story in mineral resource development.
NevGold Corp. announced significant drill results from its Nutmeg Mountain gold project in Idaho, confirming high-grade, heap-leach gold mineralization at surface. The project boasts a 2020 mineral resource estimate of 910,000 Indicated ounces and 160,000 Inferred ounces of gold. Key highlights from the drill program include:
- 0.72 g/t Au over 79.3 meters starting at 10.4 meters depth.
- 2.32 g/t Au over 13.4 meters from 25.6 meters depth.
- Significant grades near the surface with minimal stripping required.
NevGold Corp. announces promising results from its 2022 exploration program at the 93 km² Ptarmigan project in British Columbia. High-grade silver mineralization was identified, with assays showing up to 3,188 g/t Ag, over 140 meters south of previous drillings. A new copper surface anomaly extends across 9 kilometers. The exploration efforts have positioned the project to be "drill-ready" with multiple high-grade targets identified. Following expressions of interest in Ptarmigan, NevGold is reviewing strategic alternatives to unlock its value for shareholders. This initiative complements its focus on oxide, heap-leach gold projects in the Western USA.
NevGold Corp. has made significant operational progress in 2023, notably completing an oversubscribed financing of over C$4.1M. The company has commenced drilling at Nutmeg Mountain in Idaho and is advancing resource development at Limousine Butte in Nevada. The gold market remains volatile, with prices fluctuating between US$1,810/oz and US$1,870/oz amid global uncertainty, particularly following the recent Silicon Valley Bank incident. The company is well-positioned with a strong treasury and development plans, aiming to explore and expand mineral resources at both project sites, with assay results pending from Nutmeg Mountain.
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