Nevada Canyon Gold Announces Significant Gold Intercepts at Lapon Canyon Project, Advancing Resource Estimate

summarizeSummary

Nevada Canyon Gold Corp. announced significant gold drill results from the Lapon Canyon Project, where it holds an earn-in agreement and royalty, advancing towards a maiden resource estimate.

check_boxKey Events

• Significant Gold Intercepts Reported

  The company announced final drill results from the 2025 reverse circulation drill program at the Lapon Canyon Gold Project, highlighting significant gold intercepts including 3.79 g/t Au over 85.34 meters, with higher-grade sections up to 16.49 g/t Au over 6.10 meters.

• Advancing Towards Maiden Resource Estimate

  These positive drill results will be used to advance the project's maiden NI 43-101 compliant mineral resource estimate, which is expected to be completed by year-end 2026.

• Strategic Project Interest

  Nevada Canyon Gold Corp. is earning 50% of the Lapon Canyon Project through a three-year Exploration Earn-in Agreement (dated Feb. 3, 2025) and holds a 3% Net Smelter Royalty (NSR) on the project.

• Geological Significance

  The drill program confirmed and extended gold mineralization, leading to the discovery of intrusive-related gold mineralization hosted in monzonitic units, which significantly increases the project's potential for larger-scale gold emplacement.

auto_awesomeAnalysis

This filing reports highly positive drill results from the Lapon Canyon Gold Project, a key asset for Nevada Canyon Gold Corp. The significant gold intercepts, including high-grade findings over substantial widths, confirm and extend mineralization. The identification of monzonite as a host rock further increases the project's potential for larger-scale gold emplacement. These results are crucial for the company's plan to complete a maiden NI 43-101 compliant mineral resource estimate by year-end, which could significantly de-risk the project and add substantial value to Nevada Canyon's 50% earn-in agreement and 3% net smelter royalty.