- NevGold (NAU) has begun its inaugural drill program at Nutmeg Mountain, Idaho
- CEO Brandon Bonifacio met with Sabrina Cuthbert to discuss the news
- The project hosts a 2020 mineral resource estimate of 910,000 Indicated ounces of gold (43.5 Mt at 0.65 g/t Au), and 160,000 Inferred ounces of gold (9.1 Mt at 0.56 g/t Au) with significant resource expansion and exploration upside
- Initial drilling is focused on the large portions of the project that are on patented mining claims and other privately held ground
- NevGold (NAU) opened trading at C$0.38 per share
NevGold (NAU) has begun its inaugural drill program at Nutmeg Mountain, Idaho.
The project hosts a 2020 mineral resource estimate of 910,000 Indicated ounces of gold (43.5 Mt at 0.65 g/t Au) and 160,000 Inferred ounces of gold (9.1 Mt at 0.56 g/t Au) with significant resource expansion and exploration upside.
The company has contracted American Drilling LLC from Spokane, Washington, for a core drill rig and all other key support such as water, equipment, and personnel for the program.
Drilling is focused on the large portions of the project that are on patented mining claims and other privately held ground. The company has also filed an Exploration Notice permit with the Bureau of Land Management to drill on the federal unpatented mining claims at the project.
Historical drilling at Nutmeg Mountain totalled more than 70,000 metres and only went to an average depth of 75 metres creating a number of resource expansion and exploration targets. The company wants to leverage the robust historical database, which was re-analyzed and re-interpreted by the NevGold team in 2022.
NevGold CEO Brandon Bonifacio met with The Market Herald Canada’s Sabrina Cuthbert to discuss the drill program.
The company’s VP Exploration, Derick Unger, added that the team expects to start receiving assays as early as March.
NevGold (NAU) is an exploration and development company targeting large-scale mineral systems in Nevada, Idaho, and British Columbia.
NevGold Corp. (NAU) opened trading at C$0.38 per share.