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NEVADA CANYON GOLD CORP (NGLD) is a leading mining company focused on gold exploration and extraction in Nevada. With a proven track record of successful projects and a strong financial position, the company is dedicated to sustainable mining practices and community engagement. Their current flagship project, the Golden Ridge Mine, shows promising results and is set to contribute significantly to the company's growth. NGLD's strategic partnerships with local stakeholders and industry experts ensure continued success in the competitive gold market.
Nevada Canyon Gold Corp. (OTCQX: NGLD) has signed an Exploration Stream Earn-in Agreement with Walker River Resources to explore and develop the Lapon Canyon Gold Project in Nevada's Walker Lane gold trend. The agreement allows Nevada Canyon to earn up to a 50% interest by funding US$5 million in exploration expenses over three years.
The exploration program includes drilling, mineral resource estimates, and a Preliminary Economic Assessment. Nevada Canyon will invest US$1 million in the first year and US$2 million in each of the following two years. Upon earning the 50% interest, both parties will form a Joint Venture , with each funding their pro-rata share of future expenses. If a party's interest falls below 10%, it converts to a 2% Net Smelter Returns royalty, with a buy-down option to 1% for US$2.5 million.
Nevada Canyon Gold Corp. (NGLD) has completed Phase I exploration programs on two properties: the Agai-Pah Property in Mineral County and the Swales Property in Elko County, Nevada.
The Agai-Pah Property, spanning 400 acres within the Walker Lane shear zone, features historical workings that previously yielded over 600 oz of silver from sample testing. The property contains multiple underground workings, adits, and declines, with historical sampling revealing silver, copper, gold, lead, zinc, barium, and barite deposits.
The Swales Property, consisting of 40 unpatented mining claims covering 800 acres, is strategically located within the Carlin Trend, near major gold mines including Gold Quarry and Goldstrike. The Carlin Trend has produced over 100 million ounces of gold and maintains reserves exceeding 21 million ounces.
Both properties remain underexplored, with Phase II exploration programs planned for later in 2025.
Nevada Canyon Gold Corp. (OTCQX: NGLD) has responded to OTC Markets' inquiry regarding promotional activities of its common shares. The company addressed promotional newsletter emails distributed by Sideways Frequency (SFL) through its subsidiaries Trading Wire and Huge Alerts on January 17, 2025. These materials discussed the company, Nevada's mining industry, and the gold market.
The company confirmed that SFL is an arm's length third-party digital marketing firm they retained for corporate marketing and advertising services. While Nevada Canyon provided publicly available information and reviewed materials for accuracy, they maintained editorial control. The promotional activity coincided with increased trading activity starting January 10, 2025.
The company disclosed that no directors, officers, or control persons were involved in creating or distributing promotional materials, and none have traded company securities in the past 90 days. Nevada Canyon also listed its engagement with other marketing service providers: i2i Marketing Group, Sideways Frequency , and Gold Standard Media,
Nevada Canyon Gold Corp. (OTC: NGLD) announced additional drill results from the 2024 reverse circulation drill program at the Lapon Canyon Project, a royalty-owned project in Mineral County, Nevada. Nevada Canyon holds a 3% Net Smelter Royalty (NSR) on the project owned by Walker River Resources Corp. (TSX.V: WRR).
Key highlights include:
- Drill hole LC-24-117: 3.88 g/t Au over 77.72 meters, including 12.09 g/t Au over 16.77 meters.
- Drill hole LC-24-118: 1.96 g/t Au over 59.44 meters, including 8.17 g/t Au over 6.10 meters.
- Drill hole LC-24-110: 2.70 g/t Au over 33.53 meters, including 5.99 g/t Au over 12.19 meters.
- Drill hole LC-24-113: 2.58 g/t Au over 27.34 meters, including 4.13 g/t Au over 6.09 meters.
- Drill hole LC-24-114: 0.61 g/t Au over 155.45 meters.
These results highlight the robust nature and continuity of gold mineralization within the Hotspot Zone. Notably, LC-24-117 and LC-24-119 reached significant depths while remaining in mineralization, extending the Hotspot Zone.
The 2024 drill program aimed to define the extent and geometry of the mineralized system, with plans for ongoing data compilation, interpretation, and resource modeling. An initial NI 43-101 compliant mineral resource estimate is expected upon completion.
Nevada Canyon Gold Corp. (OTC: NGLD) announced initial drill results from the 2024 reverse circulation drill program at the Lapon Canyon Project in Mineral County, Nevada. The company owns a 3% Net Smelter Royalty on the project. Key highlights include:
- Drill hole LC-24-100 returned 4.5 g/t Au over 56.5 meters, including 20.3 g/t Au over 4.8 metres
- Drill hole LC-24-99 returned 1.17 g/t Au over 73.1 metres, including 6.9 g/t Au over 6.0 metres
- Results demonstrate continuity of the gold mineralized alteration zone at Hotspot
- Drilling is ongoing, with additional results expected from the Central and Hotspot Zones
The 2024 drill program aims to define the extent and geometry of the mineralized system and test for new zones. An initial NI 43-101 compliant mineral resource is planned based on the results.
Nevada Canyon Gold Corp. (OTC: NGLD) has exercised an amended Option to Purchase Agreement, acquiring a 1% production royalty on the Olinghouse Project in Nevada. The company paid $1.5 million in cash, including previous payments of $240,000, for a total consideration of $1.74 million. This acquisition strengthens Nevada Canyon's royalty portfolio at a lower cost basis than originally planned.
The Olinghouse Project, located 30 miles east of Reno, has a historical resource based on over 600 drill holes. The current owner, Lake Mountain Mining , is reviewing plans for additional exploration, permitting, and potential production restart. Nevada Canyon's CEO, Alan Day, stated that this acquisition offers excellent leverage to gold prices and continues their Nevada-based royalty acquisition strategy.
Nevada Canyon Gold Corp. (NGLD) announced a binding Purchase Agreement to acquire a 2% net smelter returns royalty (NSR) on the Pikes Peak Project in Mineral County, Nevada. The agreement, made through Nevada Canyon's subsidiary, involves acquiring the NSR from Walker River Resources, The Pikes Peak Project includes 36 unpatented lode mining claims and has significant historical mining activity. A regional sampling program returned values of 9 g/t Au and 2.2% Cu. Walker River's 2022 RC drill program made a gold mineralization discovery despite geological data. Ongoing efforts to rehabilitate underground workings will support future exploration. Nevada Canyon will pay $150,000 for the NSR. The acquisition enhances Nevada Canyon's royalty portfolio, adding leverage to both gold and copper prices.
Nevada Canyon Gold Corp. (OTC: NGLD) announces the commencement of drilling at the Lapon Canyon Project in Mineral County, Nevada. The project, owned by Walker River Resources Corp. (TSX.V: WRR), consists of 96 unpatented lode mining claims. Nevada Canyon holds a 3% Net Smelter Royalty (NSR) on the project. The 2024 drill program focuses on extending known gold-bearing zones and exploring new areas, particularly the Hot Spot Zone. The drilling will involve grid-style drilling and surficial mapping to collect structural data, managed by Serac Exploration. The results may lead to an NI 43-101 compliant mineral resource report.
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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