NEVADA CANYON COMPLETES INITIAL EXPLORATION PROGRAMS ON ACCELERATOR PROPERTIES
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.
La Nevada Canyon Gold Corp. (NGLD) ha completato i programmi di esplorazione della Fase I su due proprietà: la Proprietà Agai-Pah nella Contea di Mineral e la Proprietà Swales nella Contea di Elko, Nevada.
La Proprietà Agai-Pah, che si estende per 400 acri all'interno della zona di faglia Walker Lane, presenta lavorazioni storiche che in passato hanno prodotto oltre 600 once di argento da test di campionamento. La proprietà contiene diversi lavori sotterranei, gallerie e discese, con campioni storici che rivelano depositi di argento, rame, oro, piombo, zinco, bario e barite.
La Proprietà Swales, composta da 40 rivendicazioni minerarie non patentate che coprono 800 acri, è situata strategicamente all'interno della Tendenza Carlin, vicino a importanti miniere d'oro tra cui Gold Quarry e Goldstrike. La Tendenza Carlin ha prodotto oltre 100 milioni di once d'oro e mantiene riserve che superano le 21 milioni di once.
Entrambe le proprietà rimangono poco esplorate, con programmi di esplorazione della Fase II previsti per later nel 2025.
Nevada Canyon Gold Corp. (NGLD) ha completado los programas de exploración de Fase I en dos propiedades: la Propiedad Agai-Pah en el Condado de Mineral y la Propiedad Swales en el Condado de Elko, Nevada.
La Propiedad Agai-Pah, que abarca 400 acres dentro de la zona de falla Walker Lane, presenta trabajos históricos que anteriormente produjeron más de 600 onzas de plata a partir de muestreos. La propiedad contiene múltiples trabajos subterráneos, galerías y pendientes, con muestreos históricos que revelan depósitos de plata, cobre, oro, plomo, zinc, bario y baritina.
La Propiedad Swales, que consta de 40 reclamos mineros no patentados que cubren 800 acres, está estratégicamente ubicada dentro de la Tendencia Carlin, cerca de importantes minas de oro como Gold Quarry y Goldstrike. La Tendencia Carlin ha producido más de 100 millones de onzas de oro y mantiene reservas que superan las 21 millones de onzas.
Ambas propiedades siguen sin explorar completamente, con programas de exploración de Fase II planificados para más adelante en 2025.
네바다 캐년 골드 코퍼레이션(NGLD)는 네바다의 미네랄 카운티에 위치한 아가이-파 부지와 엘코 카운티에 위치한 스웨일스 부지 두 곳에 대한 1단계 탐사 프로그램을 완료했습니다.
아가이-파 부지는 워커 레인 전단에 위치한 400에이커 면적의 토지로, 이전에 샘플 테스트를 통해 600온스 이상의 실버가 채굴된 역사적인 작업들이 있습니다. 이 부지는 여러 개의 지하 작업, 갱도 및 경사면을 포함하고 있으며, 역사적 샘플링에서 실버, 구리, 금, 납, 아연, 바륨 및 바르사이트가 발견되었습니다.
스웨일스 부지는 800에이커에 걸쳐 40개의 비등록 광산 청구권으로 구성되어 있으며, Gold Quarry 및 Goldstrike 등 주요 금광 근처의 카를린 트렌드에 전략적으로 위치해 있습니다. 카를린 트렌드는 1억 온스 이상의 금을 생산했으며 2100만 온스를 초과하는 매장량을 유지하고 있습니다.
두 부지는 모두 탐사가 부족하며, 2025년 후반에 2단계 탐사 프로그램이 계획되어 있습니다.
Nevada Canyon Gold Corp. (NGLD) a achevé les programmes d'exploration de Phase I sur deux propriétés : la Propriété Agai-Pah dans le comté de Mineral et la Propriété Swales dans le comté d'Elko, au Nevada.
La Propriété Agai-Pah, s'étendant sur 400 acres dans la zone de cisaillement de Walker Lane, présente des travaux historiques qui ont précédemment produit plus de 600 onces d'argent à partir de tests d'échantillonnage. La propriété contient plusieurs travaux souterrains, galeries et pentes, avec des échantillons historiques révélant des dépôts d'argent, de cuivre, d'or, de plomb, de zinc, de baryum et de barytine.
La Propriété Swales, composée de 40 concessions minières non brevetées couvrant 800 acres, est stratégiquement située dans la Tendance Carlin, près de grandes mines d'or, y compris Gold Quarry et Goldstrike. La Tendance Carlin a produit plus de 100 millions d'onces d'or et maintient des réserves dépassant 21 millions d'onces.
Les deux propriétés restent sous-explorées, avec des programmes d'exploration de Phase II prévus pour plus tard en 2025.
Nevada Canyon Gold Corp. (NGLD) hat die Erkundungsprogramme der Phase I auf zwei Grundstücken abgeschlossen: dem Agai-Pah-Grundstück im Mineral County und dem Swales-Grundstück im Elko County, Nevada.
Das Agai-Pah-Grundstück, das sich über 400 Acres innerhalb der Walker Lane Scherzone erstreckt, weist historische Arbeitsbereiche auf, die zuvor über 600 Unzen Silber aus Probeneinnahmen ergaben. Das Grundstück enthält mehrere unterirdische Arbeiten, Stollen und Abfälle, wobei historische Proben Silber, Kupfer, Gold, Blei, Zink, Barium und Baritlagerstätten offenbarten.
Das Swales-Grundstück, das aus 40 nicht patentierten Bergbauansprüchen besteht und 800 Acres abdeckt, ist strategisch innerhalb des Carlin-Trends gelegen, in der Nähe wichtiger Goldminen wie Gold Quarry und Goldstrike. Der Carlin-Trend hat über 100 Millionen Unzen Gold produziert und hält Reserven von über 21 Millionen Unzen.
Beide Grundstücke sind weiterhin untererforscht, mit geplanten Erkundungsprogrammen der Phase II für später im Jahr 2025.
- Strategic location of Swales Property within the prolific Carlin Trend, near major producing gold mines
- Historical sampling at Agai-Pah Property showed high-grade silver content (600 oz)
- Both properties have existing infrastructure and are in pro-mining counties
- Both properties remain largely underexplored with minimal modern exploration data
- Phase II exploration programs dependent on weather conditions
- No current revenue generation from either property
Reno, Nevada, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Nevada Canyon Gold Corp. (OTC Markets: NGLD) (The “Company” or “Nevada Canyon”) is pleased to announce its has completed the initial Phase I exploration programs on two of the Company’s Accelerator properties, the Agai-Pah Property, located in Mineral County, Nevada, within the Walker Lane shear zone and the Swales Property, located the Swales Mountain Mining District in Elko County, Nevada.
Phase I of the Agi-Pah exploration program consisted of reconnaissance prospecting, geological mapping, surface sampling of old workings, mine dumps and the mapping relocation of historical workings on the property. This initial Phase I exploration program will provide accurate modern data to assist in the planning of the Phase II exploration program later in 2025. The Phase I program was designed to expand and provide confirmation of a historical geological mapping and sampling program on the Property. A historical sample taken from exposed mineralized vein on an outcrop yielded over 600 Ag oz. (ounces of silver). Initial results from Phase I of the Agai-Pah Property exploration program will be released as they become available.
The Agai-Pah Property consists of 20 unpatented mining claims with a combined area of 162 hectares (400 acres). The Property is located in the northwestern portion of the Gillis Range, within the Buckley Mining District, in Mineral County, Nevada, 13 miles north-east of the town of Hawthorne, and 22 miles SW of the Rawhide Mine. The Property is within the Walker Lane shear zone, a 60-mile-wide structural corridor extending in a southeast direction from Reno, Nevada. The project has excellent year-round access and infrastructure within Mineral County, one of the most pro-mining counties and gold trends of Nevada.
The Agai-Pah property contains numerous historical workings consisting of underground workings with multi-levels, several adits, declines and a number of prospects pits along structures. An existing road network provide access to the numerous historical workings. Historical sampling on the project has revealed the presence of silver, copper, gold, lead, zinc, barium and barite. There have been at least two periods of mining on the property, the first period in the early 1900’s, and then later in the late 1980’s. The work consisted of excavation of at least 15 adits, 5 vertical shafts, declines and numerous prospects pits along structures.
The Agai-Pah Property is in close Proximity to several past producing mines including the Rawhide, Aurora, Borealis, Pamlico, Evening Star, Mabel, Mindoro and Camp Douglas Mines. Held by private interests for most of its history, the Agai-Pah Property remains very underexplored with minimal modern-day exploration. These factors clearly demonstrate the exceptional potential of this relatively unexplored project for new discoveries of significant mineralization on several exploration targets in multiple zones.
Phase I of the Swales exploration program consisted of reconnaissance prospecting, geological mapping, and surface sampling on the property. This initial Phase I exploration program will provide accurate modern data to assist in the planning of the Phase II exploration program later in 2025. That will include a follow up ground based geophysical surveying program based on the results from Phase I. It is important to note the Swales Property remains very underexplored with very minimal recorded modern-day exploration. The Phase II program is expected to begin when weather conditions (snow) permit. Initial results from Phase I of the Swales exploration program will be released as they become available.
The Swales Property consists of 40 unpatented mining claims with a combined area of approximately 800 acres. The Property is located within the Carlin Trend, one of the richest mining trends in the world, and home to some of the largest gold mines in the US. The property is approximately 13 miles northeast of Nevada Gold Mine’s Gold Quarry Mine and 16 miles east southeast of Nevada Gold Mine’s Goldstrike Mine, all of which are located along the gold rich Carlin Trend. There are currently eight producing gold mines within the Carlin Trend. Collectively, these mines have to date produced over 100 million ounces of gold (Nevada Bureau of Mines 2019) and still contain more than 21 million ounces of gold reserves. (Nevada Gold Mines, LLC Carlin Complex 2020) The project has excellent year-round access and infrastructure within Elko County, one of the most pro-mining states and highest-grade gold trends of Nevada.
Held by private interests for most of its history, the Swales Property remains very underexplored with minimal modern-day exploration. Several factors demonstrate the exceptional potential of this relatively unexplored project for new discoveries of significant mineralization on several exploration targets.
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
What did NGLD's Phase I exploration at Agai-Pah Property reveal?
Where is NGLD's Swales Property located and what is its significance?
What is the size and scope of NGLD's Agai-Pah Property?
When will NGLD begin Phase II exploration on these properties?
