Nevada Canyon Gold Corp. reports developments tied to Nevada precious-metals exploration, royalty interests, and earn-in agreements. Recurring updates center on the Lapon Canyon Gold Project in the Walker Lane gold trend, where the company holds a 3% net smelter royalty and an exploration stream earn-in interest while Walker River Resources reports reverse-circulation drill results, mineralized zones, and exploration targeting.
Company news also covers Nevada Canyon's broader Nevada property portfolio, including exploration work at Agai-Pah and the completed sale of the Swales Gold Property lease, which left the company with a net smelter royalty interest on the claims.
Nevada Canyon Gold Corp. (NGLD) has signed a binding Purchase Agreement to acquire a 2% net smelter returns royalty (NSR) on the Lapon Canyon Project in Mineral County, Nevada. The Project, owned by Walker River Resources, , encompasses 96 unpatented lode mining claims in the Walker Lane gold trend. Nevada Canyon will pay USD $300,000 for the NSR. The Lapon Canyon site features historical high-grade gold mining with significant exploration work already completed, including numerous drill hole intercepts indicating gold mineralization. The acquisition is expected to enhance Nevada Canyon's royalty portfolio and provide leverage to gold prices.
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Nevada Canyon Gold Corp. (OTC Markets: NGLD) has completed planning for its Phase I exploration program at the Swales Property in Elko County, Nevada. This phase will include reconnaissance prospecting, geological mapping, and surface trenching to gather modern data for future exploration phases. The Swales Property, consisting of 40 unpatented mining claims covering 800 acres, is situated within the Carlin Trend, a renowned gold mining district. With minimal recorded modern exploration, the area shows promise, having produced over 100 million ounces of gold historically, with current reserves exceeding 21 million ounces. The Phase I program is expected to commence soon, subject to weather conditions.