NEVADA CANYON ANNOUNCES SIGNIFICANT GOLD INTERCEPTS REPORTED AT THE LAPON CANYON GOLD PROJECT
Nevada Canyon (OTCQX: NGLD) reports additional 2025 RC drill results from the Lapon Canyon Gold Project dated October 6, 2025. Drilling confirms gold extends south and east of the Hotspot Zone and occurs in multiple bedrock units beyond the historically altered granite.
Key highlights: 2.35 g/t Au over 45.7 m (LC-25-149), 1.62 g/t Au over 45.7 m (LC-25-142), 1.76 g/t Au over 35.1 m including 2.55 g/t over 19.8 m (LC-25-143), and 1.04 g/t Au over 30.5 m (LC-25-128). Results support an expanded target area and work toward an initial NI 43-101 resource.
Nevada Canyon (OTCQX: NGLD) riferisce ulteriori risultati di trivellazione RC 2025 dal Lapon Canyon Gold Project datati 6 ottobre 2025. Le perforazioni confermano che l’oro si estende a sud e a est della Hotspot Zone e si verifica in multiple unità di roccia madre oltre al granito storicamente alterato.
Punti chiave: 2,35 g/t Au su 45,7 m (LC-25-149), 1,62 g/t Au su 45,7 m (LC-25-142), 1,76 g/t Au su 35,1 m includendo 2,55 g/t su 19,8 m (LC-25-143) e 1,04 g/t Au su 30,5 m (LC-25-128). I risultati supportano un’area bersaglio espansa e il lavoro verso una risorsa NI 43-101 iniziale.
Nevada Canyon (OTCQX: NGLD) informa de resultados adicionales de perforación RC 2025 del Proyecto Gold Lapon Canyon con fecha 6 de octubre de 2025. Las perforaciones confirman que el oro se extiende hacia el sur y este de la Zona Hotspot y ocurre en múltiples unidades de roca madre más allá del granito históricamente alterado.
Aspectos clave: 2,35 g/t Au sobre 45,7 m (LC-25-149), 1,62 g/t Au sobre 45,7 m (LC-25-142), 1,76 g/t Au sobre 35,1 m incluyendo 2,55 g/t sobre 19,8 m (LC-25-143), y 1,04 g/t Au sobre 30,5 m (LC-25-128). Los resultados respaldan una zona objetivo ampliada y el trabajo hacia un recurso NI 43-101 inicial.
Nevada Canyon (OTCQX: NGLD) 2025년 10월 6일자로 Lapon Canyon Gold Project의 추가 RC 시추 결과를 발표합니다. 시추로 금이 Hotspot Zone의 남쪽과 동쪽으로 확장되며 역사적으로 변화된 화강암을 넘어 여러 암석 단위에서 발생함이 확인되었습니다.
주요 하이라이트: LC-25-149에서 45.7 m 구간에 금 2.35 g/t, LC-25-142에서 45.7 m에 1.62 g/t, LC-25-143에서 35.1 m에 1.76 g/t(19.8 m에서 2.55 g/t 포함), LC-25-128에서 30.5 m에 1.04 g/t. 결과는 대상 지역의 확대를 지지하며 초기 NI 43-101 자원에 대한 작업을 시사합니다.
Nevada Canyon (OTCQX: NGLD) publie des résultats supplémentaires de forages RC 2025 du projet Gold Lapon Canyon datés du 6 octobre 2025. Le forage confirme que l’or s’étend au sud et à l’est de la Zone Hotspot et se rencontre dans plusieurs unités de roche mère au-delà du granit historiquement altéré.
Points clés : 2,35 g/t Au sur 45,7 m (LC-25-149), 1,62 g/t Au sur 45,7 m (LC-25-142), 1,76 g/t Au sur 35,1 m dont 2,55 g/t sur 19,8 m (LC-25-143), et 1,04 g/t Au sur 30,5 m (LC-25-128). Les résultats soutiennent une zone cible élargie et les travaux vers une ressource NI 43-101 initiale.
Nevada Canyon (OTCQX: NGLD) meldet zusätzliche RC-Bohrresultate aus dem Lapon Canyon Gold Project vom 6. Oktober 2025. Die Bohrungen bestätigen, dass Gold sich südlich und östlich der Hotspot Zone ausdehnt und in mehreren Rohgesteins-Einheiten jenseits des historisch veränderten Granits auftritt.
Wichtige Highlights: 2,35 g/t Au über 45,7 m (LC-25-149), 1,62 g/t Au über 45,7 m (LC-25-142), 1,76 g/t Au über 35,1 m einschließlich 2,55 g/t über 19,8 m (LC-25-143) und 1,04 g/t Au über 30,5 m (LC-25-128). Ergebnisse unterstützen ein erweitertes Zielgebiet und die Arbeiten an einer ersten NI 43-101 Ressource.
وادي نيفادا (OTCQX: NGLD) تُصدر نتائج إضافية لحفر RC لعام 2025 من مشروع جولد لابون كانيون بتاريخ 6 أكتوبر 2025. تؤكد عمليات الحفر أن الذهب يمتد جنوباً وشرقاً من منطقة Hotspot ويظهر في وحدات صخرية متعددة بجانب Granit الذي تم تغييره تاريخياً.
أبرز النقاط: 2.35 ج/طّن من الذهب على 45.7 م، 1.62 ج/طّن على 45.7 م، 1.76 ج/طّن على 35.1 م بما في ذلك 2.55 ج/طّن على 19.8 م (LC-25-143)، و1.04 ج/طّن على 30.5 م. تدعم النتائج منطقة هدف موسعة والعمل نحو مورد NI 43-101 أولي.
Nevada Canyon (OTCQX: NGLD) 报告来自 Lapon Canyon Gold Project 的额外 2025 年 RC 钻探结果，日期为 2025 年 10 月 6 日。钻探结果证实金在 Hotspot 区域向南和向东扩展，并在历史性改造的花岗岩之外的多种基岩单元中出现。
要点：LC-25-149 45.7 米内金品位 2.35 g/t，LC-25-142 45.7 米内 1.62 g/t，LC-25-143 35.1 米内 1.76 g/t，含 19.8 米 2.55 g/t，LC-25-128 30.5 米内 1.04 g/t。结果支持扩大目标区并向初始 NI 43-101 资源迈进。
- 2.35 g/t Au over 45.7 m in hole LC-25-149
- 1.62 g/t Au over 45.7 m in hole LC-25-142
- Gold intersected in multiple bedrock units beyond altered granite
- Nevada Canyon holds a 3% NSR on Lapon Canyon
- No NI 43-101 mineral resource yet; modelling still in progress
- Reported widths are sampled lengths; true width uncertainty 75–95%
- Nevada Canyon holds royalty/earn-in only; Walker River owns 100% of project
Reno, Nevada, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Nevada Canyon Gold Corp. (OTCQX: NGLD) (the “Company” or “Nevada Canyon”) is pleased to announce the release of additional drill results from the 2025 reverse circulation (“RC”) drill program on the Lapon Canyon Gold Project, (the “Project” or “Lapon Canyon”), by Walker River Resources Corp (TSX-V:WRR) (“Walker River Resources”) (see WRR New Release dated October 6, 2025). Lapon Canyon is located within the prolific Walker Lane gold trend in Nevada, 40 miles southeast of Yerington NV and
The 2025 drill program at Lapon Canyon is focused on resource definition where drill holes were both infill and offset along strike and dip of the Hotspot Zone and on exploration of the new upper drill road extension, located approximately 125 metres northeast of the Hotspot Zone.
Walker River reported that drilling has confirmed that gold mineralization extends to the south and east of the Lapon Canyon’s Hotspot Zone and is hosted in multiple bedrock units beyond the original FeOx-sericite altered granite. Current results show significant gold mineralization within granodiorite, diorite, monzonite, and biotite-granite, in addition to notable chalcopyrite (copper sulphide) being observed. Historically, gold was almost exclusively confined to the altered granite. Drilling continues to indicate that the gold system is largely sub-horizontal in geometry, with the presence of more steeply dipping, high-grade shoots developed within the broader mineralized zones. These findings suggest the potential discovery of a new mineralized zone south and east of the Hotspot, substantially expanding the growth potential of the Lapon Canyon Gold Project.
“It’s exciting to see the drilling at Lapon Canyon consistently hitting near surface gold mineralization. The discovery of gold in the bedrock units, is even more exciting and combined with the significant mineralized intervals encountered in these recent results confirm the possibility of significantly growing the resources at the Project,” commented Lisa Doddridge, President of Nevada Canyon, “We look forward to more positive results from the 2025 drill program and believe that these results will continue to confirm and expand mineralization creating more value at Lapon Canyon.”
Highlights:
Drilling at Hotspot has significantly extended gold mineralization to the south and the east results include:
- 2.35 g/t Au over 45.7 m starting at 126.5 m in hole LC-25-149
- 1.62 g/t Au over 45.7 m starting at 112.8 m in hole LC-25-142
- 1.76 g/t Au over 35.1 m starting at 155.4 m, including 2.55 g/t over 19.8 m in hole LC-25-143
- 1.65 g/t Au over 42.7 m starting at 71.6 m in hole LC-25-135
The previously untested new upper drill road extension drilling intersected significant gold mineralization:
- 1.04 g/t Au over 30.5 m in hole LC-24-128
- 3.23 g/t Au over 3.0 m in hole LC-24-124
Other significant results can be found in Table 1:
| | From | To | Width* | Gold | Notes: |
| Drill Hole | (m) | (m) | (m) | (g/t) | |
| LC-25-149 | 126.5 | 172.2 | 45.7 | 2.35 | |
| incl | 160.0 | 164.6 | 4.6 | 8.08 | |
| LC-25-142 | 112.8 | 158.5 | 45.7 | 1.62 | |
| incl | 126.5 | 140.2 | 13.7 | 2.75 | |
| LC-25-143 | 155.4 | 190.5 | 35.1 | 1.76 | |
| incl | 164.6 | 184.4 | 19.8 | 2.55 | |
| LC-25-135 | 71.6 | 114.3 | 42.7 | 1.65 | |
| incl | 100.6 | 114.3 | 13.7 | 3.93 | |
| and | 100.6 | 103.6 | 3 | 13.42 | |
| LC-25-136 | 64.0 | 89.9 | 25.9 | 1.17 | |
| 97.5 | 118.9 | 21.4 | 1.06 | ||
| LC-25-148 | 128.0 | 149.3 | 21.3 | 1.12 | |
| LC-25-145 | 146.3 | 155.4 | 9.1 | 1.42 | |
| LC-25-138 | 64.0 | 76.2 | 12.2 | 2.68 | |
| LC-25-141 | 36.6 | 64.0 | 27.4 | 1.07 | |
| LC-25-132 | 65.5 | 76.2 | 10.7 | 1.20 | |
| LC-25-144 | 118.9 | 134.1 | 15.2 | 1.2 | |
| LC-25-140 | 36.6 | 53.3 | 16.7 | 0.89 | |
| LC-25-137 | 105.2 | 112.8 | 7.6 | 4.37 | |
| LC-25-128 | 86.9 | 117.4 | 30.5 | 1.04 | granite |
| incl | 86.9 | 96.0 | 9.1 | 1.52 | |
| and | 109.7 | 117.4 | 7.7 | 2.07 | |
| 143.3 | 146.3 | 3 | 1.08 | ||
| LC-25-124 | 118.9 | 121.9 | 3 | 3.23 | granite |
Table 1. Highlighted holes.
* Denotes the above drill results are presented with lengths representing sampled lengths. True width is estimated to be between 75 and 95 percent of sampled widths.
“The continued consistent results from Lapon Canyon, show the potential of our Nevada based royalties and streams,” said Nevada Canyon Chairman and CEO, Alan Day, “We look forward additional results from Lapon Canyon and the ongoing interpretation of its gold mineralization.”
Figure 1. Plan map of the Lapon Canyon Gold deposit, showing the Central and Hotspot zones with historic and 2025 drilling results.
Figure 2. Long section of the Lapon Canyon Gold deposit, showing the Central and Hotspot zones with historic and 2025 drilling results.
| Drill Hole | From (m) | To (m) | Width* (m) | Gold (g/t) | Notes: |
| LC-24-123 | no sig assays | granite | |||
| LC-24-124 | 118.9 | 121.9 | 3.0 | 3.23 | granite |
| LC-24-125 | 0 | 7.6 | 7.6 | 0.41 | granite |
| 94.5 | 96.0 | 1.5 | 1.1 | ||
| LC-24-126 | 4.6 | 18.3 | 13.7 | 0.31 | granite |
| 167.6 | 172.2 | 4.6 | 0.55 | ||
| LC-24-127 | 3.1 | 21.3 | 18.2 | 0.28 | granite |
| LC-24-128 | 86.9 | 117.4 | 30.5 | 1.04 | granite |
| incl | 86.9 | 96.0 | 9.1 | 1.52 | |
| and | 109.7 | 117.4 | 7.7 | 2.07 | |
| 143.3 | 146.3 | 3.0 | 1.08 | ||
| LC-24-129 | no sig assays | granite | |||
| LC-24-130 | 118.9 | 120.4 | 1.5 | 1.0 | granite |
| 134.1 | 137.2 | 3.1 | 1.25 | ||
| LC-24-131 | 29.0 | 30.5 | 1.5 | 1.14 | granite |
| LC-25-132 | 47.2 | 48.8 | 1.5 | 2.05 | |
| 51.8 | 76.2 | 24.4 | 0.70 | ||
| 106.7 | 108.2 | 1.5 | 1.17 | ||
| 125.0 | 128.0 | 3 | 1.1 | ||
| LC-25-133 | 44.2 | 108.2 | 64.0 | 0.36 | |
| 134.1 | 152.4 | 18.3 | 0.63 | ||
| incl | 134.1 | 137.2 | 3.1 | 1.11 | |
| and | 150.8 | 152.3 | 1.5 | 1.34 | |
| LC-25-134 | 83.8 | 105.2 | 21.4 | 0.27 | |
| LC-25-135 | 47.2 | 125.0 | 77.8 | 1.02 | |
| incl | 100.6 | 114.3 | 13.7 | 3.93 | |
| and | 100.6 | 103.6 | 3 | 13.42 | |
| LC-25-136 | 35.1 | 132.6 | 97.5 | 0.66 | |
| Incl | 65.5 | 70.1 | 4.6 | 1.28 | |
| and | 79.2 | 88.4 | 9.2 | 2.01 | |
| and | 97.5 | 118.9 | 21.4 | 1.06 | |
| LC-25-137 | 64 | 67.1 | 3.1 | 2.26 | |
| 86.9 | 88.4 | 1.5 | 1.45 | ||
| 105.2 | 112.8 | 7.6 | 4.37 | ||
| incl | 108.2 | 109.7 | 1.5 | 18.13 | |
| LC-25-138 | 19.8 | 86.9 | 67.1 | 0.91 | |
| incl | 50.3 | 51.8 | 1.5 | 2.02 | |
| and | 56.4 | 59.4 | 3 | 1.38 | |
| and | 64 | 73.1 | 9.1 | 3.05 | |
| and incl | 68.6 | 70.1 | 1.5 | 9.24 | |
| LC-25-139 | 15.2 | 16.8 | 1.6 | 1.31 | |
| 33.5 | 36.6 | 3.1 | 2.01 | ||
| 56.4 | 61 | 4.6 | 1.52 | ||
| 79.2 | 80.8 | 1.6 | 1.12 | ||
| LC-25-140 | 24.4 | 79.2 | 54.8 | 0.57 | |
| incl | 36.6 | 42.7 | 6.1 | 1.1 | |
| and | 48.8 | 53.3 | 4.5 | 1.15 | |
| and | 61 | 65.5 | 4.5 | 0.93 | |
| LC-25-141 | 13.7 | 65.5 | 51.8 | 0.75 | |
| incl | 27.4 | 29 | 1.6 | 2.3 | |
| and | 48.8 | 57.9 | 9.1 | 1.83 | |
| 105.2 | 106.7 | 1.5 | 1.33 | ||
| 111.2 | 112.8 | 1.6 | 2.48 | ||
| LC-25-142 | 79.2 | 196.6 | 117.4 | 0.79 | |
| incl | 112.8 | 158.5 | 45.7 | 1.62 | |
| and | 128 | 140.2 | 12.2 | 2.82 | |
| and | 189 | 190.5 | 1.5 | 1.36 | |
| LC-25-143 | 100.6 | 102.1 | 1.5 | 1.16 | |
| 134.1 | 214.9 | 80.8 | 0.94 | ||
| incl | 146.4 | 149.4 | 3 | 1.19 | |
| and | 164.6 | 184.4 | 19.8 | 2.55 | |
| LC-25-144 | 88.4 | 141.7 | 53.3 | 0.71 | |
| incl | 93 | 103.6 | 10.6 | 1.01 | |
| and | 118.9 | 134.1 | 15.2 | 1.20 | |
| LC-25-145 | 80.8 | 82.3 | 1.5 | 1.09 | |
| 143.2 | 185.9 | 42.7 | 0.70 | ||
| incl | 146.3 | 155.4 | 9.1 | 1.42 | |
| and | 169.2 | 170.7 | 1.5 | 2.22 | |
| LC-25-148 | 82.3 | 160.0 | 77.7 | 0.49 | |
| incl | 128.0 | 149.3 | 21.3 | 1.13 | |
| LC-25-149 | 96.0 | 213.3 | 117.3 | 1.12 | |
| incl | 126.5 | 167.6 | 41.1 | 2.53 | |
| and incl | 160.0 | 164.6 | 4.6 | 8.08 |
Table 2. All Drill Holes and Intervals
* Denotes the above drill results are presented with lengths representing sampled lengths. True width is estimated to be between 75 and 95 percent of sampled widths.
On-going work at Lapon Canyon consists of data compilation, interpretation and resource modelling. Results from previous and current (2024-2025) drill programs, including the subsequent data compilation will enable the completion of an initial NI 43-101 compliant mineral resource on the Project. Further drill results, including holes LC 25-146 and LC 25-147 will be released as they become available. Field work and drilling is ongoing.
Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance
All sampling was conducted under the supervision of the Company's project geologists and the chain of custody from the drill to the sample preparation facility was continuously monitored. A blank or certified reference material was inserted approximately every tenth sample. The Lapon Canyon samples were delivered to American Assays Laboratories’ certified laboratory facilities in Sparks, NV. The samples were crushed, pulverized and the sample pulps digested and analyzed for gold using fire assay fusion and a 50 g gravimetric finish. Certain intensely altered samples used a 1 kg pulp screened to 100 microns. Duplicate assay on screen undersize. Assay of entire oversize fraction.
Samples are taken and bagged directly at the drill rig at every 1.5-meter interval, standard in the exploration industry. A small sample is also taken at the drill rig and put into a chip tray for examination purposes and to determine those sample bags that should be sent to the lab for assay purposes. Often this work is carried out using a microscope for the examination of the rock chips. The full sample bag from the interval chosen for assay purposes is then sent directly from the drill site to the lab, located in Sparks, NV.
The scientific and technical information contained in this news release has been reviewed, verified and approved by Dave Nuttal P.Geo, President of Geo Exploration Ltd, who is an independent Qualified Person as defined under NI 43-101 Standards of Disclosure for Mineral Projects.
About the Lapon Canyon Project
Lapon Canyon hosts historical, high grade gold mining with approximately 2,000 feet of underground workings in three adits. Historical underground work returned numerous assay values in the one-ounce-per-ton range. (NI 43-101, Montgomery and Barr, 2004). Walker River has completed considerable exploration work to date, with numerous drill hole intercepts that have indicated significant gold mineralization. The Project is located within Nevada’s Prolific Walker Lane shear zone, easily accessible by secondary state roads, located approximately 40 miles southeast of Yerington, Nevada. A state power grid transmission line passes within 2 miles of the Project.
About Nevada Canyon Gold Corp.
Nevada Canyon Gold Corp. is a US-based natural resource company headquartered in Reno, Nevada. The Company has a large, strategic land position and royalties in multiple projects, within some of Nevada’s highest-grade historical mining districts, offering year-round access and good infrastructure in proven and active mining districts. The Company has a three-fold business model; i) mineral royalty creation and acquisition; ii) precious-metals and exploration streaming & financing; and iii) exploration project accelerator.
For further information please contact:
Corporate Communications
Larry Heuchert
Tel: 1-888-909-5548 Ext. 2
Email: ir@nevadacanyongold.com
Web: www.nevadacanyongold.com
Forward-Looking Statements
The information posted in this release may contain forward-looking statements. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of exploration, delays in completing various engineering and exploration programs, and any potential results from such programs. Specifically, forward-looking statements in this news release include statements with respect to the potential mineralization and geological merits of the Company properties, its royalties owned on properties and various other factors beyond the Nevada Canyon Gold Corp.'s control. The Company's actual results could differ materially from those discussed in this press release. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events except as required by applicable securities legislation. Investors are advised to carefully review the reports and documents that Nevada Canyon Gold Corp. files from time to time with the SEC, including its Annual Form 10K for the fiscal year ended December 31, 2024, Quarterly Reports and Current Reports.
Holly Iervella
FAQ
What were the headline drill intercepts at Lapon Canyon reported October 6, 2025 for NGLD?
How do the October 2025 results change Lapon Canyon geology for NGLD shareholders?
Will Nevada Canyon (NGLD) prepare an NI 43-101 resource for Lapon Canyon and when?
What is Nevada Canyon's economic interest in Lapon Canyon (NGLD)?
Are the reported drill widths true widths at Lapon Canyon?
Is additional drilling or assay data expected for Lapon Canyon after October 6, 2025?
