ADDITIONAL RESULTS FROM THE LAPON CANYON PROJECT A NEVADA CANYON OWNED ROYALTY AND EXPORATION STREAM
Nevada Canyon Gold Corp. (OTCQX: NGLD) has announced new drill results from the 2024 reverse circulation drill program at the Lapon Canyon Project, where it holds a 3% Net Smelter Royalty and Exploration Stream. The project, located in Nevada's Walker Lane gold trend, showed significant results including:
Key highlight includes drill hole LC-24-122 which returned 2.62 g/t Au over 41.1 meters, including 6.81 g/t Au over 7.6 meters in the Hotspot zone. Additional discoveries include gold mineralization in the overlying granite in LC-24-120, returning 1.11 g/t Au over 10.7 meters.
The 2024 drilling program focused on defining the mineralized system's extent and geometry, with drill pads placed every 30-60 meters. The company is currently compiling data and working on resource modeling, with plans to complete an initial NI 43-101 compliant mineral resource.
Nevada Canyon Gold Corp. (OTCQX: NGLD) ha annunciato nuovi risultati di perforazione dal programma di perforazione a circolazione inversa del 2024 presso il Progetto Lapon Canyon, dove detiene una Royalty Net Smelter del 3% e uno Stream di Esplorazione. Il progetto, situato nella tendenza aurifera Walker Lane del Nevada, ha mostrato risultati significativi, tra cui:
Un punto saliente chiave è il foro di perforazione LC-24-122 che ha restituito 2.62 g/t Au su 41.1 metri, inclusi 6.81 g/t Au su 7.6 metri nella zona Hotspot. Ulteriori scoperte includono mineralizzazione d'oro nel granito sovrastante in LC-24-120, con un risultato di 1.11 g/t Au su 10.7 metri.
Il programma di perforazione del 2024 si è concentrato sulla definizione dell'estensione e della geometria del sistema mineralizzato, con piattaforme di perforazione posizionate ogni 30-60 metri. L'azienda sta attualmente compilando dati e lavorando sulla modellazione delle risorse, con piani per completare una risorsa minerale iniziale conforme al NI 43-101.
Nevada Canyon Gold Corp. (OTCQX: NGLD) ha anunciado nuevos resultados de perforación del programa de perforación de circulación inversa de 2024 en el Proyecto Lapon Canyon, donde posee un 3% de Regalía Net Smelter y un Stream de Exploración. El proyecto, ubicado en la tendencia aurífera Walker Lane de Nevada, mostró resultados significativos, incluyendo:
Un punto destacado clave es el pozo de perforación LC-24-122 que devolvió 2.62 g/t Au sobre 41.1 metros, incluyendo 6.81 g/t Au sobre 7.6 metros en la zona Hotspot. Descubrimientos adicionales incluyen mineralización de oro en el granito superior en LC-24-120, devolviendo 1.11 g/t Au sobre 10.7 metros.
El programa de perforación de 2024 se centró en definir la extensión y geometría del sistema mineralizado, con plataformas de perforación colocadas cada 30-60 metros. La empresa está actualmente recopilando datos y trabajando en la modelización de recursos, con planes de completar un recurso mineral inicial conforme al NI 43-101.
네바다 캐년 골드 주식회사 (OTCQX: NGLD)는 2024년 라폰 캐년 프로젝트에서 역순환 드릴 프로그램의 새로운 드릴 결과를 발표했습니다. 이 프로젝트는 3%의 순 제련 로열티와 탐사 스트림을 보유하고 있습니다. 네바다의 워커 레인 금 트렌드에 위치한 이 프로젝트는 다음과 같은 중요한 결과를 보여주었습니다:
주요 하이라이트는 LC-24-122 드릴 홀이 41.1미터에 걸쳐 2.62 g/t Au를 반환했으며, 핫스팟 존에서 7.6미터에 걸쳐 6.81 g/t Au를 포함합니다. 추가 발견으로는 LC-24-120에서 상부 화강암 내 금 광물화가 발견되어 10.7미터에 걸쳐 1.11 g/t Au를 반환했습니다.
2024년 드릴링 프로그램은 광물화 시스템의 범위와 기하학을 정의하는 데 중점을 두었으며, 드릴 패드는 30-60미터마다 배치되었습니다. 회사는 현재 데이터를 수집하고 자원 모델링 작업을 진행 중이며, NI 43-101 준수 초기 광물 자원을 완성할 계획입니다.
Nevada Canyon Gold Corp. (OTCQX: NGLD) a annoncé de nouveaux résultats de forage du programme de forage à circulation inverse 2024 au Projet Lapon Canyon, où elle détient une redevance nette de fonderie de 3 % et un flux d'exploration. Le projet, situé dans la tendance aurifère Walker Lane du Nevada, a montré des résultats significatifs, notamment :
Un point fort clé est le trou de forage LC-24-122 qui a retourné 2,62 g/t Au sur 41,1 mètres, y compris 6,81 g/t Au sur 7,6 mètres dans la zone Hotspot. D'autres découvertes incluent une minéralisation aurifère dans le granite supérieur dans LC-24-120, retournant 1,11 g/t Au sur 10,7 mètres.
Le programme de forage 2024 s'est concentré sur la définition de l'extension et de la géométrie du système minéralisé, avec des plateformes de forage placées tous les 30 à 60 mètres. L'entreprise compile actuellement des données et travaille sur la modélisation des ressources, avec des projets de compléter une ressource minérale initiale conforme au NI 43-101.
Nevada Canyon Gold Corp. (OTCQX: NGLD) hat neue Bohrergebnisse aus dem Bohrprogramm für umgekehrte Zirkulation 2024 im Lapon Canyon Projekt angekündigt, wo es eine 3% Net Smelter Royalty und Exploration Stream hält. Das Projekt, das sich im Walker Lane Goldtrend in Nevada befindet, zeigte bedeutende Ergebnisse, darunter:
Ein wichtiges Highlight ist das Bohrloch LC-24-122, das 2.62 g/t Au über 41.1 Meter zurückgab, einschließlich 6.81 g/t Au über 7.6 Meter in der Hotspot-Zone. Weitere Entdeckungen umfassen Goldmineralisierung im darüber liegenden Granit in LC-24-120, das 1.11 g/t Au über 10.7 Meter zurückgab.
Das Bohrprogramm 2024 konzentrierte sich darauf, das Ausmaß und die Geometrie des mineralisierten Systems zu definieren, wobei die Bohrpads alle 30-60 Meter platziert wurden. Das Unternehmen sammelt derzeit Daten und arbeitet an der Ressourcenmodellierung, mit dem Ziel, eine erste NI 43-101-konforme Mineralressource abzuschließen.
- Strong drill results with 2.62 g/t Au over 41.1m including 6.81 g/t Au over 7.6m
- Discovery of new gold mineralization in overlying granite
- Progress toward NI 43-101 resource estimate
- Consistent gold mineralization demonstrating project potential
- Some drill holes (LC-24-120 and LC-24-121) failed to reach target zone due to setup problems
- Drill hole LC-24-123 returned no significant results
Reno, Nevada, March 27, 2025 (GLOBE NEWSWIRE) -- Nevada Canyon Gold Corp. (OTCQX: NGLD) (The “Company” or “Nevada Canyon”) is pleased to announce it has been informed that additional drill results have been released from the 2024 reverse circulation (“RC”) drill program on the Lapon Canyon Project, (the “Project”) a Nevada Canyon owned royalty and exploration stream, located within the prolific Walker lane gold trend of Nevada.
Nevada Canyon has an Exploration Stream Earn-in Agreement and owns a
Highlights
| Drill Hole | From (m) | To (m) | Width* (m) | Gold (g/t) |
| LC-24-122 | 21.3 | 24.4 | 3.1 | 1.16 |
| 51.8 | 93.0 | 41.1 | 2.62 | |
| incl | 56.4 | 64.0 | 7.6 | 6.81 |
| and | 86.9 | 88.4 | 1.5 | 9.33 |
| LC-24-120 | 64.0 | 74.7 | 10.7 | 1.11 |
| incl | 71.6 | 73.2 | 1.5 | 5.47 |
Table 1. Highlighted holes released today. * Denotes the above drill results are presented with lengths representing sampled lengths. True width is estimated to be between 80 and 95 percent of sampled widths.
- Drill hole LC-24-122 returned 2.62 g/t Au over 41.1 meters starting at a depth of 51.8 meters including an intercept of 6.81 g/t Au over 7.6 meters, demonstrating the robust nature and consistency of the gold mineralization at the Hotspot zone.
- Drill holes LC-24-120 and LC-24-121 did not reach the presumed position of the Hotspot zone, due to drill set up problems that forced drilling to be carried out at shallow angles. Notably and unexpectedly, in LC-24-120, gold mineralization was discovered in the overlying granite returning 1.11 g/t Au over 10.7 meters at a depth of 64.0 meters. The bottom of the hole returned 0.53 g/t Au over 24.4 meters signifying the presumed proximity to the Hotspot zone lurking just below. LC-24-121 also returned gold mineralization at the end of the hole, including 0.62 g/t Au in the last 1.5 meters.
- The 2024 drill programs at Lapon Canyon were exploration and definition focused. Drill holes were planned with the intent to define the extent and geometry of the mineralized system and test for new mineralized zones along strike and at depth.
- Drilling at Lapon Canyon is carried out in different directions (azimuths) from the same drill pad, for systematic drilling on section, drill pads are placed at every 30 to 60 meters, with up to five holes per pad.
- Previous and current drilling continue to define a sub to horizontal geometry of the gold system. High grade shoots may have developed within the broader mineralized domains.
- Drillholes LC-24-123, 124, 125 were all drilled from the same drill pad located at the juncture of the uppermost drill access road. This is located within fresh granite (the top of these holes are mineralized) over 100 meters north of the interpreted projection of the Hotspot zone. Drilling was carried out here to gain geological bedrock knowledge, drillhole LC-24-123 returned no significant results. However, significant gold mineralization was encountered in LC-24-124 and LC-24-125. LC-24-124 returned 0.37 g/t Au over 7.6 m starting at 0 m and 1.91 g/t Au over 6.1 meters starting at 117.4 meters. LC-24-125 returned 0.41 g/t Au over 7.6 meters starting at 0 m and 0.56 g/t Au over 4.6 meters starting at 94.5 meters
| Drill Hole | From (m) | To (m) | Width* (m) | Gold (g/t) |
| LC-24-120 | 64.0 | 74.7 | 10.7 | 1.11 |
| incl | 71.6 | 73.2 | 1.5 | 5.47 |
| 128.0 | 152.4 | 24.4 | 0.53 | |
| LC-24-121 | 150.9 | 152.4 | 1.5 | 0.62 |
| 51.8 | 54.9 | 3.1 | 0.58 | |
| LC-24-122 | 21.3 | 24.4 | 3.1 | 1.16 |
| 51.8 | 93.0 | 41.1 | 2.62 | |
| incl | 56.4 | 64.0 | 7.6 | 6.81 |
| and | 86.9 | 88.4 | 1.5 | 9.33 |
| LC-24-124 | 0.0 | 7.6 | 7.6 | 0.37 |
| 117.4 | 123.4 | 6.1 | 1.91 | |
| LC-24-125 | 0.0 | 7.6 | 7.6 | 0.41 |
| 94.5 | 99.1 | 4.6 | 0.56 |
Table 2. All drill holes and intervals released today. * Denotes the above drill results are presented with lengths representing sampled lengths. True width is estimated to be between 80 and 95 percent of sampled widths
Figure 1: Plan and section view of the Hotspot zone, Central zone, with assay results from historical drilling (grey traces) and 2024 drilling (red: this release, blue: previously released, black: not released).
Please click here to view image
Presently, work at Lapon Canyon consists of data compilation, interpretation and resource modelling. Further results will be released as they become available. Field work will restart as soon as conditions allow. The results from the 2024 and previous drill programs, including the subsequent data compilation will enable the completion of an initial NI 43-101 compliant mineral resource on the Project.
“These consistent results from Lapon Canyon, show the potential of our Nevada based royalties,” said Nevada Canyon Chairman and CEO, Alan Day, “We look forward to continued exploration at Lapon Canyon and the ongoing interpretation of its gold mineralization.”
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 has completed considerable exploration work to date, with numerous drill hole intercepts that have indicated significant gold mineralization. The Project is easily accessible by secondary state roads from the main highway (15 miles), and is located approximately 40 miles southeast of Yerington, Nevada. A state power grid transmission line passes within 2 miles of 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 three-fold business model; i) mineral royalty creation and acquisition; ii) precious-metals and exploration streaming & financing; and iii) exploration project accelerator.
For further information please contact:
Corporate Communications
Larry Heuchert
Tel: 1-888-909-5548 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, 2023, Quarterly Reports and Current Reports.
FAQ
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