Nevgold Corp Stock Price, News & Analysis

NevGold Corp. has finalized an option agreement to acquire the Nutmeg Mountain Gold Project, supported by a strategic investment of C$1 million from GoldMining Inc. This investment establishes GoldMining as a significant stakeholder, holding a 10.5% interest in NevGold. The option agreement includes a structured payment plan totaling C$9 million to acquire full ownership of the project, alongside C$2.25 million in qualifying expenditures. The partnership is expected to enhance NevGold's resource portfolio and may lead to increased valuation.

NevGold Corp (TSXV: NAU, OTCQX: NAUFF) has executed an option agreement with GoldMining Inc. to acquire the Nutmeg Mountain Gold Project in Idaho, containing a historical resource of 910,000 Indicated ounces and 160,000 Inferred ounces of gold. As part of the deal, NevGold will issue 4,444,444 shares to GoldMining and receive a C$1 million investment. To fully acquire the project, NevGold must make total payments of C$9 million and invest C$2.25 million in qualifying expenditures by January 2024. The partnership aims to enhance growth potential and resource exploration.

NevGold Corp. has announced further positive assay results from its drill program at the Cadillac Valley target within the Limousine Butte Project in Nevada. The recently released data includes Hole CV22-006, which intercepted 0.51 g/t oxide Au over 73.1 meters, expanding the mineralized footprint significantly. Cadillac Valley's mineralized area now extends over 1.6 km along strike and 400 meters laterally, with follow-up drilling planned. The company emphasizes the presence of high-grade oxide gold mineralization, aiming for a near-term resource estimate.

NevGold Corp. has announced the promotion of Derick Unger to Vice President of Exploration, reflecting his contributions since July 2021. CEO Brandon Bonifacio highlighted Unger’s role in the company’s operational success in Nevada and British Columbia. The ongoing 10,000-meter drill program at Limousine Butte is critical for resource development, with promising drill targets identified across the 67 square kilometer area. This strategic advancement aims to enhance the company’s exploration efforts and benefit its stakeholders.

NevGold Corp. has successfully qualified for trading on the OTCQX Best Market under the symbol NAUFF. This upgrade will enhance liquidity for U.S. shareholders and attract more retail and institutional investors, particularly due to promising high-grade oxide gold drill results from the Limousine Butte Project in Nevada. The OTCQX is designed for established companies meeting high financial standards and corporate governance practices. The company anticipates releasing further assay results shortly, signaling an active period for news flow.

NevGold Corp. (TSXV:NAU; OTCQB:NAUFF) announced further assay results from its drill program at the Cadillac Valley target area in the Limousine Butte Project, Nevada. Key highlights include:

• High-Grade Oxide Gold Resource: CV22-001 intercepted 0.86 g/t oxide Au over 175.2 meters.
• Large Mineralized Footprint: The mineralized area extends over 1 km along strike.
• Mineralization Trends: Confirmed up-dip trends in CV22-002 and CV22-003.
• Highly Oxidized Mineralization: All holes reported oxidized mineralization.

The company anticipates regular assay updates throughout the first half of 2022.

On March 8, 2022, NevGold Corp. announced initial assay results from its first drill hole (CV22-001) at the Cadillac Valley target within the Limousine Butte Project in Nevada. The assays revealed significant oxide gold mineralization, including 2.13 g/t Au over 58.2 meters. With plans for a 10,000-meter drill program, the company aims to define a high-grade oxide gold resource. The initial results align with geological models and suggest potential for further mineralization across several target areas.

NevGold Corp. announces significant updates on its 100%-owned Ptarmigan Project in British Columbia. Extensive historical data compilation reveals possible extensions to high-grade parallel vein structures over 4 kilometers. Historical drilling has encountered impressive grades, including 22,945 g/t Ag and 37 g/t Au. The Company plans to advance to an active exploration program with drilling expected to start in Q2-2022, subject to permit approval. Key highlights include identified drill targets and successful geophysics reinterpretation that unveils multiple exploration opportunities.

NevGold Corp. announced assays from the initial drilling at its Limousine Butte Project, Nevada, part of a 10,000 meter drill program. The results showcase high-grade oxide gold mineralization, including notable values of 2.19 g/t Au over 61.6 meters. The mineralization remains open along strike and depth, with additional drilling to focus on untested targets. The company has also engaged an investor relations consultant for up to three years, aiming to enhance shareholder communication.