High-grade gold hits for Nevada Canyon (OTCQX: NGLD) at Lapon
Rhea-AI Filing Summary
Nevada Canyon Gold Corp. reported final 2025 drill results from the Lapon Canyon Gold Project, where it is earning a 50% interest and holds a 3% net smelter royalty. Key intercepts include 3.79 g/t gold over 85.34 metres in hole LC-25-170, with higher-grade sections of 16.49 g/t over 6.10 metres and 10.24 g/t over 6.09 metres.
The drilling confirmed and extended mineralization around the Hotspot Zone and identified monzonite-hosted, intrusive-related gold, which can be associated with larger deposits in Nevada. Nevada Canyon funded the 2025 program and plans geophysical surveys and further exploration in 2026 to support a maiden NI 43-101 compliant resource estimate targeted for completion by year end.
Positive
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Negative
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Insights
Strong drill grades advance Nevada Canyon’s Lapon Canyon project, but economic value remains unquantified until a resource is defined.
Nevada Canyon Gold Corp. highlights several notable intercepts from the 2025 Lapon Canyon drill program, including 3.79 g/t Au over 85.34 metres and multiple multi‑gram intervals. The results indicate continuous mineralization in monzonitic intrusive rocks, which are often associated with larger gold systems in Nevada.
The company is earning a 50% interest in Lapon Canyon under a
Geophysical surveys planned before mid‑year
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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ITEM 7.01 REGULATION FD DISCLOSURE
On February 25, 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”) containing drill results from the 2025 reverse circulation (“RC”) drill program on the 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.
| Exhibit No. | Description | |
| 99.1 | News Release dated February 25, 2026 | |
| 104 | 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. | ||
| By: | /s/ Alan Day | |
| Alan Day | ||
| Chairman and Chief Executive Officer | ||
| Date: February 25, 2026 | ||
Exhibit 99.1
 |
5655 Riggins Court, Suite 15 Reno, NV 89502 Tel : 888 260-5357 Fax : 888 909-1033 |
OTCQX: NGLD
NEVADA CANYON ANNOUNCES SIGNIFICANT GOLD INTERCEPTS INCLUDING 3.97 G/T AU OVER 85 METRES AT THE LAPON CANYON GOLD PROJECT
Reno, Nevada. February 25, 2026 - Nevada Canyon Gold Corp. (OTCQX: NGLD) (the “Company” or “Nevada Canyon”) is pleased to announce the final drill results from the 2025 reverse circulation (“RC”) drill program on the Lapon Canyon Gold Project, (the “Project” or “Lapon Canyon”), as reported by Walker River Resources Corp. (TSX-V:WRR) (“Walker River”) (see WRR news release 02-25-2026). These results include 3.79 g/t Au over 85.34 m in hole LC-25-107 and continue to show the continuity and thickness of mineralization hosted in monzonite increasing the potential for the existence of significant mineral resources at Lapon Canyon. The Company will use these results to advance the Projects maiden NI 43-101compliant mineral resource estimate, expected to be complete by year end. Nevada Canyon is earning 50% of Lapon Canyon as part of three-year Exploration Earn-in Agreement (dated Feb. 3, 2025).
Highlights:
| ● | 3.79 g/t Au over 85.34 meters starting at 143.26 meters, including 16.49 g/t Au over 6.10 meters, and 10.24 g/t Au over 6.09 meters in hole LC-25-170. | |
| ● | 1.33 g/t Au over 57.91 meters starting at 124.97 meters, including 2.06 g/t Au over 28.95 meters, starting at 143.26 meters in hole LC-25-168. | |
| ● | 1.64 g/t Au over 44.20 meters starting at 129.54 meters in hole LC-25-169. | |
| ● | 1.92 g/t Au over 4.57 meters starting at 74.68 meters and 1.05 g/t Au over 36.58 meters starting at 175.26 meters in hole LC-25-171. | |
| ● | Mineralization continues to be contained within intrusive emplacement, notably monzonitic units. |
The 2025 drill program at Lapon Canyon is complete. The results continued to confirm and extend gold mineralization to the south and east of the Hotspot Zone. More significantly, it led to the discovery of the intrusive related gold mineralization, which significantly increases the potential of the project, opening up new deeper seated rock units for additional significant gold emplacement. Specifically, the identification of monzonite as the host of the gold mineralization encountered indicates the possible presence of monzonite porphyry, a host rock often associated with larger scale gold mineralization, notably in Nevada. These results may also represent gold mineralization within feeder structures, including higher grade zones such as that encountered in drill hole LC-25-170. To advance the understanding of these zones geophysical surveys will be used to identify future drill targets in the deeper-seated intrusive bodies, expected to begin before midyear. During 2026, in addition to the preparation of a mineral resource estimate, exploration to continue on the 2025 program success, is expected to continue to further advance the resource development.
“The 2025 exploration program at Lapon Canyon was fully funded by Nevada Canyon as we continue to earn our 50% of the project over the next two years,” commented Lisa Doddridge, President and Director of the Company. “The results continue to demonstrate the significant value potential of the project. In 2026 we will deliver the first NI 43-101 compliant resource for solidifying the value we are creating through the drill bit while advancing the Project.”
Lapon Canyon 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 Company news release Feb. 3, 2025) and holds a 3% Net Smelter Royalty (“NSR”) on the Project.
All significant drill results can be found in Table 1:
| From | To | Width* | Gold | |||||
| Drill Hole | (m) | (m) | (m) | (g/t) | ||||
| LC-25-166 | 158.50 | 166.12 | 7.62 | 1.11 | ||||
| LC-25-168 | 124.97 | 182.88 | 57.91 | 1.33 | ||||
| incl | 143.26 | 172.21 | 28.95 | 2.06 | ||||
| LC-25-169 | 129.54 | 173.74 | 44.20 | 1.64 | ||||
| LC-25-170 | 88.39 | 89.92 | 1.53 | 7.96 | ||||
| 143.26 | 228.60 | 85.34 | 3.79 | |||||
| incl | 161.54 | 167.64 | 6.10 | 16.49 | ||||
| and | 196.60 | 202.69 | 6.09 | 10.24 | ||||
| LC-25-171 | 74.68 | 79.25 | 4.57 | 1.92 | ||||
| and | 175.26 | 211.84 | 36.58 | 1.05 |
Table 1. Drill Results
*Sampled width is presented. True width is estimated to be between 60 and 90 percent of sampled lengths
Drill holes LC-25-167, LC-25 172, LC-25-173 returned no significant results
Figure 1. Plan map of the Lapon Gold deposit, showing the Central and Hotspot zones with historic and 2025 drilling results and contours for 0.1 – 1.0 g/t Au (yellow) and 1.0 – 10.0 g/t Au (magenta).
Figure 2. Cross-section of the Lapon Gold deposit at Hotspot, showing historic and 2025 drilling results with highlights of intervals from this release and contours for 0.1 – 1.0 g/t Au (yellow) and 1.0 – 10.0 g/t Au (red).
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 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
Larry Heuchert
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, 2024, Quarterly Reports and Current Reports.
FAQ
What drilling results did Nevada Canyon Gold Corp. (NGLD) report at Lapon Canyon?
What ownership interest does Nevada Canyon Gold Corp. (NGLD) have in the Lapon Canyon Project?
How will the new drill results at Lapon Canyon be used by Nevada Canyon Gold Corp. (NGLD)?
What geological significance did Nevada Canyon Gold Corp. (NGLD) highlight from the Lapon Canyon program?
What are Nevada Canyon Gold Corp.’s (NGLD) exploration plans at Lapon Canyon for 2026?
Where is the Lapon Canyon Project located and why is it important for Nevada Canyon Gold Corp. (NGLD)?
Filing Exhibits & Attachments
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