NevGold Samples 3.79% Copper and 1.6 g/t Gold And Identifies New Copper Targets At The Zeus Copper Project in The Hercules Copper District, Idaho
NevGold Corp. (NAUFF) has announced additional high-grade copper, gold, and silver mineralization at its Zeus Copper Project in Idaho. Key surface sampling results include 3.79% Cu, 0.412 g/t Au, 18.6 g/t Ag at ZRS-22 and 2.19% Cu, 0.393 g/t Au, 26.1 g/t Ag at ZNR-05.
The company has identified multiple target areas including Thorn Springs, Poseidon, Iron Mountain, Abundance, and Mortimer. The strongest copper targets, Thorn Springs and Poseidon, are located on BLM ground, which simplifies permitting for future drilling. NevGold has completed a soil sampling survey and plans to initiate geophysical programs in Q1-2025.
The company notes strong geological similarities between Zeus and the nearby Hercules Metals copper porphyry discovery, particularly in grade and mineralization footprint.
NevGold Corp. (NAUFF) ha annunciato nuove mineralizzazioni ad alto tenore di rame, oro e argento nel suo Progetto Zeus Copper in Idaho. I risultati chiave del campionamento superficiale includono 3,79% Cu, 0,412 g/t Au, 18,6 g/t Ag a ZRS-22 e 2,19% Cu, 0,393 g/t Au, 26,1 g/t Ag a ZNR-05.
L’azienda ha identificato molteplici aree target, tra cui Thorn Springs, Poseidon, Iron Mountain, Abundance e Mortimer. I target di rame più promettenti, Thorn Springs e Poseidon, si trovano su terreni BLM, il che semplifica il permesso per future perforazioni. NevGold ha completato un'indagine di campionamento del suolo e prevede di avviare programmi geofisici nel primo trimestre del 2025.
L'azienda segnala forti somiglianze geologiche tra Zeus e la vicina scoperta di rame porfirico Hercules Metals, in particolare per quanto riguarda il tenore e l'impronta mineralogica.
NevGold Corp. (NAUFF) ha anunciado adicionales mineralizaciones de alto grado de cobre, oro y plata en su Proyecto Zeus Copper en Idaho. Los resultados clave de muestreo en superficie incluyen 3.79% Cu, 0.412 g/t Au, 18.6 g/t Ag en ZRS-22 y 2.19% Cu, 0.393 g/t Au, 26.1 g/t Ag en ZNR-05.
La compañía ha identificado múltiples áreas objetivo, incluyendo Thorn Springs, Poseidon, Iron Mountain, Abundance y Mortimer. Los objetivos de cobre más fuertes, Thorn Springs y Poseidon, están ubicados en terrenos de BLM, lo que simplifica la obtención de permisos para futuras perforaciones. NevGold ha completado una encuesta de muestreo de suelo y planea iniciar programas geofísicos en el primer trimestre de 2025.
La compañía destaca fuertes similitudes geológicas entre Zeus y el cercano descubrimiento de cobre porfirio de Hercules Metals, particularmente en grado y huella mineral.
NevGold Corp. (NAUFF)는 아이달호에 있는 제우스 구리 프로젝트에서 고품질의 구리, 금 및 은 광물화에 대한 추가 발표를 하였습니다. 주요 지표 채취 결과에는 3.79% Cu, 0.412 g/t Au, 18.6 g/t Ag가 ZRS-22에서, 그리고 2.19% Cu, 0.393 g/t Au, 26.1 g/t Ag가 ZNR-05에서 나타났습니다.
회사는 Thorn Springs, Poseidon, Iron Mountain, Abundance 및 Mortimer를 포함한 여러 목표 지역을 확인하였습니다. 가장 강력한 구리 목표인 Thorn Springs와 Poseidon은 BLM 구역에 위치해 있어 향후 시추를 위한 허가가 간소화됩니다. NevGold는 토양 샘플링 조사를 완료하였으며, 2025년 1분기에 지구물리학 프로그램을 시작할 계획입니다.
회사는 제우스와 인근의 헬리큘레스 메탈의 구리 포르피리 발견 사이의 강력한 지질적 유사성을 특히 등급 및 광물화 면에서 강조하였습니다.
NevGold Corp. (NAUFF) a annoncé des minéralisations de cuivre, d’or et d’argent de haute qualité dans son projet Zeus Copper dans l’Idaho. Les résultats clés des échantillons de surface incluent 3,79% Cu, 0,412 g/t Au, 18,6 g/t Ag à ZRS-22 et 2,19% Cu, 0,393 g/t Au, 26,1 g/t Ag à ZNR-05.
L’entreprise a identifié plusieurs zones cibles, notamment Thorn Springs, Poseidon, Iron Mountain, Abundance et Mortimer. Les cibles de cuivre les plus solides, Thorn Springs et Poseidon, sont situées sur des terrains BLM, ce qui simplifie l’obtention des permis pour de futurs forages. NevGold a complété une enquête de prélèvement de sol et prévoit de commencer des programmes géophysiques au premier trimestre de 2025.
L’entreprise souligne de fortes similitudes géologiques entre Zeus et la découverte de porphyre de cuivre de Hercules Metals à proximité, notamment en ce qui concerne les teneurs et l’empreinte minérale.
NevGold Corp. (NAUFF) hat zusätzliche hochgradige Kupfer-, Gold- und Silbermineralisierungen in ihrem Zeus Kupferprojekt in Idaho angekündigt. Wichtige Oberflächenprobenresultate umfassen 3.79% Cu, 0.412 g/t Au, 18.6 g/t Ag bei ZRS-22 und 2.19% Cu, 0.393 g/t Au, 26.1 g/t Ag bei ZNR-05.
Das Unternehmen hat mehrere Zielgebiete identifiziert, darunter Thorn Springs, Poseidon, Iron Mountain, Abundance und Mortimer. Die stärksten Kupferziele, Thorn Springs und Poseidon, befinden sich auf BLM-Gelände, was die Genehmigung zukünftiger Bohrungen vereinfacht. NevGold hat eine Bodensondierung abgeschlossen und plant im ersten Quartal 2025 geophysikalische Programme zu starten.
Das Unternehmen weist auf starke geologische Ähnlichkeiten zwischen Zeus und der nahegelegenen Entdeckung von Kupferporphyren durch Hercules Metals hin, insbesondere bezüglich der Gehalte und der mineralischen Ausdehnung.
- High-grade surface sampling results: up to 3.79% Cu, 8.19 g/t Au, and 114 g/t Ag
- Multiple copper target areas identified with significant mineralization potential
- Key targets located on BLM ground, simplifying permitting process
- Geological similarities with nearby Hercules Metals discovery
- Project still in early exploration phase with no drilling completed
- Geophysical programs and drilling yet to commence
Vancouver, British Columbia, Jan. 30, 2025 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce that it has identified additional high-grade copper, gold, and silver mineralization at surface at the Zeus Copper Project in the emerging Hercules Copper District of southwestern Idaho. The additional positive sampling results highlight the significant copper porphyry potential at the Zeus Copper Project. As detailed in NevGold’s News Releases dated April 18, 2024 and June 20, 2024 (see NevGold News Releases), there are many similar geological characteristics between Hercules Metals Corp.’s (“Hercules Metals”, TSXV:BIG) copper porphyry discovery at the Hercules Project (see Hercules Metals News Release dated October 10, 2023), and the Zeus Copper Project, and both projects show similar surface sample results.
Key Highlights
- Positive high-grade copper, gold, and silver surface sampling results validate the significant copper porphyry potential at the Zeus Copper Project:
ZRS-22:
ZNR-05:
ZRS-23:
APF*:
ZNR-06:
ZRS-12:
- Strong similarities between Zeus and the Hercules Metals copper porphyry discovery at the Hercules Project continues to be validated with the results from the active field program
Strong similarities include the grade and mineralization footprint of the initial surface sampling completed at both projects
- NevGold has completed a robust soil sampling survey on BLM ground over the undrilled Thorn Springs and Poseidon target areas; assays are pending
- NevGold continues to plan geophysical programs to initiate Q1-2025
- NevGold continues to plan a Notice of Intent (“NOI”) for the drill ready targets on the BLM ground
NevGold CEO, Brandon Bonifacio, comments: “The initial sampling completed at Zeus has continued to yield exceptional results and we eagerly await the comprehensive soil survey results that we completed in 2024. The soil survey data compilation is another strong tool for identification of potential copper porphyry targets in the emerging Hercules Copper Trend. As we continue to advance Zeus, we are pleased to see the similarities between the grade and mineralization footprint identified at the Hercules Metals project prior to the discovery of the copper porphyry. Our goal is to continue with the geology compilation to advance to drill targets for the 2025 summer field season. We are also fortunate that our strongest copper targets to date (Thorn Springs and Poseidon, see Figure 1) are on Bureau of Land Management (“BLM”) ground, which simplifies and accelerates our permitting for future drilling at Zeus.”
NevGold VP Exploration, Greg French, comments: “Our ongoing surface geochemical sampling and mapping program continues to confirm that there are multiple copper target areas on the Zeus property. The rock chip sampling results demonstrate that there is a strong hydrothermal system with copper mineralization and porphyry-style alteration. This is especially evident in the Thorn Springs and Poseidon areas where we have strongly silicified aplite with fracture-controlled malachite staining, and highly anomalous precious metal results. The rock chip and upcoming soil sample results integrated with the geological mapping completed to date will provide data to help design our planned geophysical program.”
Figure 1 – Copper analysis of Zeus Project surface samples and identified target areas.
To view image please click here
Zeus –Target Areas
Rock chip sampling by NevGold as well as historical sampling (Henricksen, 1975), and compilation of geologic data has identified multiple target areas at the Zeus Copper Project. This preliminary work indicates a large mineralization footprint and potential for multiple copper porphyry producing intrusive centers. The geological objective at Zeus is to encounter intrusive rock within the veining and alteration characteristics of porphyry Cu-Au-Mo mineral deposits.
- Thorn Springs: the Thorn Springs target is located on BLM ground on the southern portion of the Zeus property. Individual samples on the target area assayed up to
3.79% Copper, 8.19 g/t Gold, 59.9 g/t Molybdenum and 24.9 g/t Silver. The undrilled target is open in all directions, and the pending surface geochemical soil assay results will test potential for fertile copper-gold-molybdenum structural corridors within the mapped intrusive complex (copper host rocks). Initial field investigations identified a conjugate set of fracture filled malachite related to the copper mineralization and numerous structural measurements were collected to advance the target to the drill-ready stage.
- Poseidon (newly identified target) – the Poseidon target is located on BLM ground on the southwestern portion of the Zeus property. Individual samples on the target area assayed up to
2.52% Copper, 1.03 g/t Gold, 468.5 g/t Molybdenum and 114 g/t Silver. The undrilled target is open in all directions and the pending surface geochemical soil assay results will test potential fertile copper-gold-molybdenum structural corridors within the mapped Lower Huntington andesitic volcaniclastic unit to intrusive complex (copper host rocks). The anomalous samples occurred proximal to a structural intersection of mapped Bayhorse Thrust and normal faults. The intrusive complex (copper host rocks) is exposed at surface. Due to the limited amount of rock chips collected within the target area, further work is warranted to investigate the source of the anomaly.
- Iron Mountain: the Iron Mountain target is located on US Forest Service Land (“USFS”) on the central portion of the Zeus property. Anomalous copper, gold, molybdenum, and silver rock chip samples on the target area were observed (see Table 1 for details). The host rocks in the western and eastern flanks of the target area are characterized by Lower Huntington Formation and intrusive complexes, both of which are interpreted to be copper host lithologies. The host rocks in the central portion of the target are characterized by the Upper Huntington Formation which is interpreted to be a silver host lithology.
- Abundance: the Abundance target is located on USFS land on the northern portion of the Zeus property. Anomalous copper, gold, molybdenum, and silver rock chip samples on the target area were observed (see Table 1 for details). The host rocks of the northern portion of the property are characterized by the Upper Huntington Formation, interpreted to be a silver host rock lithology. The rocks of the northern portion of the property are characterized by the Weatherby formation, interpreted to be a thin post mineral cover with underlying Upper Huntington (Silver Host Lithologies), Lower Huntington and intrusive complexes (Copper Host Lithologies) preserved at depth.
- Mortimer: the Mortimer target is located on USFS land on the southeastern portion of the Zeus property. Individual samples on the target area assayed up to
2.1% Copper, 0.393 g/t Gold, 4.4 g/t Molybdenum and 26.1 g/t Silver. The host rocks consist of Lower Huntington and intrusive complexes, both of which are interpreted to be copper mineralization host rock lithologies.
Figure 2 – Gold analysis of Zeus Project surface samples and identified target areas. To view image please click here
Figure 3 – Molybdenum analysis of Zeus Project surface samples and identified target areas.
To view image please click here
Figure 4 – Silver analysis of Zeus Project surface samples and identified target areas.
To view image please click here
Selected Results from NevGold’s 2024 Sampling Program
| Target Area | Sample No. | Cu % | Au ppm | Ag ppm | Mo ppm | Sample Description |
| Thorn Springs | ZRS-22 | 3.79 | 0.412 | 18.6 | 11.8 | Strongly silicified aplite with fracture controlled malachite-azurite staining |
| Thorn Springs | ZRS-23 | 1.93 | 0.936 | 24.9 | 8.4 | Strongly silicified aplite with fracture controlled malachite staining |
| Thorn Springs | ZRS-07 | 1.22 | 8.19 | 21.9 | 33.7 | Aplite majorly altered to limonite, sericite, quartz and malachite |
| Thorn Springs | ZRS-12 | 0.17 | 1.64 | 3.6 | 4.1 | Strongly silicified aplite with fracture controlled malachite staining |
| Thorn Springs | ZRS-21 | 0.43 | 0.249 | 6.3 | 13.1 | Strongly silicified aplite with fracture controlled malachite staining |
| Mortimer | ZNR-05 | 2.19 | 0.393 | 26.1 | 4.3 | Breccia of Mortimer limestone, clasts of quartz vein and copper sulfides |
| Mortimer | ZNR-06 | 0.71 | 0.106 | 17.3 | 3 | Strongly hydrothermally altered granodiorite |
| Mortimer | ZNR-01* | 1.3 | 0.188 | 11.3 | 0.1 | Quartz diorite breccia with malachite replacement of clasts |
| Mortimer | ZRS-02* | 0.86 | 0.111 | 9.9 | 0.1 | Marble breccia with malachite and hematite in matrix |
| Mortimer | ZRS-03* | 0.91 | 0.219 | 20 | 0.3 | Quartz diorite with malachite, azurite, and hematite along fractures |
| Mortimer | RSL01* | 0.83 | 0.056 | 10.5 | 0.1 | Strongly altered quartz diorite with malachite on fractures |
| Poseidon | APF* | 0.05 | 1.03 | 114 | 468.5 | Breccia of silicified metasediments with specular hematite in matrix |
| Poseidon | ZWDU1205* | 0.01 | 0.025 | 26.2 | 35 | Andesite flow (Lower Huntington) brecciated with quartz and hematite |
| Iron Mountain | WP645* | 0.02 | 0.005 | 1.5 | 19 | Quartz diorite breccia, hematite alteration of matrix |
| Iron Mountain | WP652* | 0.02 | 0.005 | 0.2 | 1.8 | Quartz diorite strongly altered to specular hematite |
| Iron Mountain | WP654* | 0.01 | 0.019 | 0.5 | 23.2 | Andesite flow (Lower Huntington) weakly brecciated |
| Abundance | WP624* | 0.25 | 0.027 | 6 | 0.8 | Phyllite (Big Hill Wacke) with quartz veins, copper sulfides and malachite |
| Abundance | WP625A* | 0.05 | 0.005 | 0.6 | 0.7 | Marble with veins of quartz, hematite and magnetite |
| Abundance | WP625B* | 0.05 | 0.009 | 1.5 | 12.1 | Strongly clay-altered dacite |
| Abundance | WP637* | 0.04 | 0.044 | 2.3 | 20.6 | Silicified andesite with strong hematite alteration |
Table 1– Selected rock samples from the Zeus Project. * Previous samples released in June 20, 2024 News Release.
Planned 2025 Activities / Status Update
NevGold plans to continue its active exploration program at Zeus in 2025 including:
- Geological database review (completed);
- Geological mapping (in progress);
- Surface soil geochemical sampling (assays pending);
- Geophysics including Induced Polarization (IP) and magnetics (in preparation); and,
- Drill testing copper targets identified by the above activities (subject to the above activities).
Figure 5 – Geologic Map of the Hercules Copper Trend compiled by the NevGold geology team.
Modified from (Henricksen, 1975), (Fankhauser, 1968), (Skurla, 1974), (Lund, 2021), (Adair, 1985).
To view image please click here
Figure 6 - Zeus Project and Hercules Copper Trend Location in Washington County, Idaho.
To view image please click here
ON BEHALF OF THE BOARD
“Signed”
Brandon Bonifacio, President & CEO
For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com.
Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance: All sampling was conducted under the supervision of the Company’s geologists and the chain of custody from the Project to the independent sample preparation and analytical facility, American Assay Labs in Sparks, NV, was continuously monitored. The samples were crushed, pulverized and sample pulps were analyzed using the methods IO-FAAu30 and IM-4AB52.
Technical information contained in this news release has been reviewed and approved by Greg French, CPG, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person under National Instrument 43-101 and responsible for technical matters of this release.
About the Company
NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur. Forward-looking statements include, but are not limited to, the proposed work programs at Zeus, and the exploration potential at Zeus. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, general economic, market and business conditions, and the ability to obtain all necessary regulatory approvals. There is some risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct or that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
FAQ
What are the highest copper grades reported in NevGold's (NAUFF) Zeus Project sampling?
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What exploration activities does NevGold (NAUFF) plan for Zeus Project in 2025?
