Exciting Nevada Gold Project About to be Drilled

NevGold Corp. (TSX-V: NAU)(OTC: NAUFF) — currently trading around C$0.60 per share — is a newly-listed precious metals exploration firm with two 100%-owned gold projects in Nevada, USA, both acquired from McEwen Mining.

Located at the southern end of Nevada’s prolific Carlin trend, the 66 sq km Limousine Butte project is the flagship and boasts historical production of approximately 100,000 gold ounces from the main pit.

Led by CEO and mining engineer Brandon Bonifacio — whom you’re about to meet — NevGold is aiming for a marker of 1 million gold ounces in resources by Q1 2022 by way of a robust 10,000-meter drill program at Limousine Butte, slated to commence later this month. 

Drill targets for the upcoming program were delineated from a geological database of over 125,000 meters [~900 holes] of historical drill data previously compiled by McEwen Mining.

The aim of the current program will be to vector in on key exploration and resource targets — indicated by the yellow triangles below — to drive toward that million-plus ounce threshold.

Additionally, the company is laying the early groundwork to go above and beyond the million ounce mark via its second Nevada property — the Cedar Wash Gold Project — situated to the south of Limo Butte on the Nevada-Utah border.

Previous drilling at Cedar Wash by McEwen Mining in 2017 delineated a strong gold mineralizing system [highlighted by intercepts of 16 meters at 1.36 grams per tonne gold and 10.7 meters at 2.0 grams per tonne gold] closely resembling Liberty Gold’s nearby Goldstrike Project in Utah.  

Next steps at Cedar Wash will include design and implementation of a phase-one exploration program — based on the McEwen dataset — in high-potential areas of the property where gold mineralization has been determined to exist.

With multiple Nevada gold exploration projects in the hopper, and with drilling set to commence in a matter of weeks at the flagship, there’s certainly a lot to like with NevGold at this early stage.

Our own Gerardo Del Real of Junior Resource Monthly caught up with NevGold president & CEO, Brandon Bonifacio, at last week’s Beaver Creek Precious Metals Summit for an exclusive interview you can view here. CLICK TO PLAYTranscript is also available.

The interview covers everything from the company’s tight share structure and high-potential properties to its intelligent boots-on-the-ground strategy for achieving its stated goal of one million gold ounces in resources by Q1 2022. Please enjoy!

You can also learn more about NevGold at their corporate website here.

Yours in profits,

 

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest


Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest readers.


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