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. reports developments tied to its gold and critical-minerals exploration business in Nevada and Idaho. Company news centers on the Limousine Butte Project in Nevada, including oxide antimony-gold drill results, historic gold leach pad work, metallurgical testing, surface mineralization, and mineral-resource work.
Recurring updates also include material agreements, capital-structure disclosures, and operating and financial results. Coverage reflects the company's focus on exploration-stage project advancement, antimony-gold mineralization, and technical work supporting development decisions at its mineral properties.
On September 8, 2022, NevGold Corp. announced the discovery of a significant +6 meter wide low-sulphidation epithermal vein at the Nutmeg Mountain Project in Idaho, located over 650 meters from the existing resource. This find could lead to considerable resource expansion, building on the 2020 estimate of 910,000 indicated ounces and 160,000 inferred ounces of gold. The company has successfully completed core relogging and geological mapping, identifying new high-grade opportunities and preparing the project for drilling in the fall.
NevGold Corp. announced the closing of a non-brokered private placement financing, issuing 1,723,076 flow-through units at C$0.65 per unit, raising C$1.1M. This financing will support field activities at the Ptarmigan project in British Columbia while maintaining cash reserves for other projects in the Western USA, including Limousine Butte, Nutmeg Mountain, and Cedar Wash. The company also granted 616,000 stock options at C$0.55. Proceeds from the financing will be used for general exploration expenditures qualifying as Canadian exploration expenses.
NevGold Corp. announces a non-brokered private placement financing to raise approximately C$1M through flow-through units priced at C$0.65, reflecting a 20% premium to current market prices. CEO Brandon Bonifacio emphasized that the funds will support key projects in the Western USA, particularly Nutmeg Mountain and Limousine Butte, which have significant historical data. This financing avoids dilution and positions the company favorably without immediate financing needs. The offering is set to close around July 29, 2022, pending regulatory approvals.
NevGold Corp. has initiated development activities at the Nutmeg Mountain Gold Project following a transaction with GoldMining Inc. The project holds 910,000 Indicated ounces and 160,000 Inferred ounces of gold, with extensive exploration upside. Key plans include a 10,000-meter drill program, resource estimation updates, and advancing engineering studies by 2023. The Nutmeg Mountain site, located in Idaho, has significant historical drilling, uncovering potential for untested high-grade veins at depth. CEO Brandon Bonifacio expresses optimism for project advancement over the next year.
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.