Nevada Canyon Gold (OTCQX: NGLD) outlines 2026 Lapon Canyon drill program and resource goals
Rhea-AI Filing Summary
Nevada Canyon Gold Corp. reported that Walker River Resources has started a 2026 reverse circulation drill program at the Lapon Canyon gold project in Nevada, where Nevada Canyon holds a 50% exploration earn-in and a 3% net smelter royalty. The campaign initially plans 10,000 metres of drilling focused on both infill and step-out holes, including deeper intrusive-related targets identified from Nevada Canyon’s 2025 work.
The company recently completed a property-wide airborne magnetic and radiometric survey at Lapon Canyon, with ongoing interpretation expected to refine drill targeting and assess deeper mineralized systems. Results from the 2025 and 2026 programs, along with data compilation and resource modelling, are expected to support completion of an initial NI 43-101 compliant mineral resource for the project in 2026.
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Insights
Drilling advances Lapon Canyon toward a first NI 43-101 resource.
Nevada Canyon Gold highlights that operator Walker River has begun a 2026 reverse circulation drill campaign at Lapon Canyon, where Nevada Canyon holds a $5M earn-in for 50% of the project plus a 3% net smelter royalty. The initial plan calls for 10,000 metres of drilling targeting both resource expansion and new zones.
Technical work includes follow-up drilling on intrusive-related mineralization discovered in 2025 and integration of a new airborne magnetic and radiometric survey. These efforts aim to better define structural controls and identify deeper mineralized systems within Nevada’s Walker Lane trend.
The company states that results from the 2025 and 2026 drill programs, combined with data compilation and modelling, are expected to support an initial NI 43-101 compliant mineral resource in 2026. Actual outcomes will depend on drill results and ongoing interpretation, and the company flags the usual exploration and market risks in its forward-looking statements.
8-K Event Classification
Key Figures
Key Terms
reverse circulation (RC) drill program technical
Net Smelter Royalty (NSR) financial
NI 43-101 compliant mineral resource regulatory
Walker Lane gold trend technical
Qualified Person regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
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ITEM 7.01 REGULATION FD DISCLOSURE
On June 11, 2026, Walker River Resources Corp, (“Walker River”) the owner of the Lapon Canyon Project, (The “Project”) in which Nevada Canyon Gold Corp. (the “Company”) has an Exploration Stream Earn-in Agreement and owns a royalty on, issued an informational news release (the “Release) announcing the start of the reverse circulation (“RC”) drill program at the Lapon Canyon Project. The Company’s news release contains an edited, simplified version of the factual information of the Release, relevant to the Company’s involvement in the Project, as well as other industry information. The Company may choose to regularly post similar information, as the management deems fit, to its website and may use the Release in reports and presentations from time to time. A copy of the news release is attached as Exhibit 99.1 hereto, which is incorporated by reference solely for purposes of this Item 7.01 disclosure.
Exhibit 99.1 contains forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed in these forward-looking statements.
The information set forth under this Item 7.01, including Exhibit 99.1, is being furnished and, as a result, such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
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99.1 |
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News Release dated June 11, 2026 |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
NEVADA CANYON GOLD CORP. | ||
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/s/ Alan Day |
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Alan Day |
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Chairman and Chief Executive Officer |
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Date: June 11, 2026 | ||
Exhibit 99.1
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5655 Riggins Court, Suite 15 Reno, NV 89502 Tel : 888 260-5357 Fax : 888 909-1033 |
OTCQX: NGLD
NEVADA CANYON ANNOUNCES 2026 DRILL PROGRAM BEGINS AT THE LAPON CANYON GOLD PROJECT
Reno, Nevada. June 11, 2026 - Nevada Canyon Gold Corp. (OTCQX: NGLD) (the “Company” or “Nevada Canyon”) is pleased to announce the start of the reverse circulation (“RC”) drill program at the Lapon Canyon Project, (the “Project” or “Lapon Canyon”), as reported by Walker River Resources Corp. (TSX-V:WRR) (“Walker River”) (see WRR news release 05-27-2026). The 2026 drill program is designed to advance both resource expansion and exploration objectives through a combination of infill and step-out drilling. A primary focus of the campaign will be testing deeper intrusive-related targets, including prospective monzonitic and porphyritic intrusive phases and associated gold-bearing feeder structures identified during the Company’s 2025 drill program. An initial 10,000 metres of RC drilling is planned, with the potential to expand the program, subject to drilling progress, permitting, and access conditions. The Lapon Canyon Project is located within the prolific Walker Lane gold trend in Nevada, 40 miles southeast of Yerington NV. Nevada Canyon has an $5M Exploration Earn-in Agreement for 50% of the Project (see news release 02-03-2025) and holds a 3% Net Smelter Royalty (“NSR”) on the Project.
As previously announced on May 27, 2026, the Company recently completed a property-wide airborne magnetic and radiometric survey covering the Lapon Canyon Project. Interpretation of the geophysical dataset is ongoing and is expected to enhance the Company’s understanding of the Project’s geological and structural framework. The results may assist in refining drill targeting and evaluating the potential for additional mineralized systems at depth. Preliminary observations indicate several geophysical features spatially associated with known zones of gold mineralization and previous positive drill results.
“We are very excited to build off the outstanding 2025 drill results in 2026, as we move the Project forward towards the first NI 43-101 compliant resource this year.” commented Alan Day, Chairman and Director of the Company. “The 2026 drill program now combined with the results from the recently completed geophysical survey, shows tremendous potential expansion of the project.”
Historically, gold mineralization at Lapon Canyon was interpreted to be largely confined to a broad, shallow, iron oxide-altered horizon. Results from the 2025 drilling program, however, identified intrusion-related gold mineralization associated with monzonitic intrusive rocks, significantly expanding the Project’s exploration model and highlighting the potential for previously unrecognized mineralized source zones at depth.
The recognition of monzonite-hosted gold mineralization may indicate the presence of a broader intrusive-related mineralizing system, a style of mineralization commonly associated with significant gold deposits in Nevada. This interpretation is further supported by elevated copper values observed in multi-element geochemical analyses and by the identification of interpreted structural controls that may represent mineralized feeder zones, including those associated with higher-grade intervals intersected in drill hole LC-25-170.
Other on-going work at Lapon Canyon consists of data compilation, resource modelling, a follow up geological mapping and sampling program, in conjunction with the recent geophysical survey’s identified targets. Results from the previous and 2026 drill programs, including the subsequent data compilation will be the basis for the completion of an initial NI 43-101 compliant mineral resource on the Project which is expected to be completed in 2026. In addition, using the above exploration work to identify future drill targets in the deeper-seated intrusive bodies and new resource expansion in the relatively unexplored areas of the Property.
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 currently holds 100% of the project and 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. Nevada Canyon has an $5M Exploration Earn-in Agreement for 50% of the Project (see Company news release Feb. 3, 2025) and holds a 3% Net Smelter Royalty (“NSR”) on 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 flexible business model to build royalty portfolio and realize value for shareholders.
For further information please contact:
Corporate Communications Tel: 1-888-260-5357 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, 2025, Quarterly Reports and Current Reports.