NevGold Corp.

NevGold is an advanced stage gold exploration and development company with projects in Nevada (Limousine Butte and Cedar Wash) and British Columbia (Ptarmigan). The company is well funded with ~C$4M in cash as of 12/31/2021, and focused on building a multi-million ounce resource base at its 3 district scale projects.

Currently, the company is focused on the 10,000 meter drilling program at its Limousine Butte Project in Nevada, and advancing the project to a near-term, high-grade oxide, multi-million ounce gold resource. The Cedar Wash and Ptarmigan projects are being systematically advanced in parallel and will also be drilled in 2022.

Expert Comments:

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Thibaut Lepouttre, Caesars Report

"NevGold Corp. is one of the first companies taking advantage of a recent change in the rules and regulations to raise cash as the company is planning to raise CA$3M in a brokered financing using the new listed issuer financing exemption. This makes it easier for companies to raise cash as the main benefit is that there no longer is a four-month hold period required; the shares that will be issued will be immediately free trading."

Thibaut Lepouttre, Caesars Report

"The current mineralized footprint at NevGold Corp.'s Resurrection Ridge target, which is part of the Limousine Butte project in Nevada, now extends over 700m along strike and about 350m laterally. . .the Resurrection Ridge target is now shaping up like it could host 1 Moz by itself, and this could push the greater Limousine Butte project closer to becoming a 2 Moz deposit once you add in Cadillac Valley and the low-hanging fruit there."

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Thibaut Lepouttre, Caesars Report

"As part of the predrill exploration program at the Nutmeg Mountain project in Idaho, NevGold Corp. worked on a core relogging program and this led to the identification of an outcropping vein at surface, approximately 650m away from the resource calculation which was completed in 2020. Given the distance to said resource estimate, the potential for a lateral resource expansion seems real."

Expert Clive Maund reviews three metal stocks he believes are worth your while.
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The discovery of a gold vein can dramatically change the outlook for a gold project. So when an un-drilled gold vein is discovered outcropping at surface at a gold project with a defined resource, it certainly warrants further investigation.
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Thibaut Lepouttre, Caesars Report

"Subsequent to Q2/22E, NevGold Corp. raised CA$1M from GoldMining as part of the transaction to acquire the Nutmeg gold project. Additionally, NevGold raised another CA$1.12M in a flowthrough financing in August, but that cash is obviously earmarked for an exploration program on the Ptarmigan silver project."

Thibaut Lepouttre, Caesars Report

"NevGold Corp. announced it planned to raise CA$1M in a flowthrough financing priced at CA$0.65. . .on the back of the announcement of the financing, CEO Bonifacio purchased an additional 10K shares at CA$0.50 in the open market. This may not sound like much, but it is encouraging to see insiders continuously buying more shares, even when the amounts are moderate."

Clive Maund,

"NevGold Corp. now appears to be at another good entry point after the latest intermediate downtrend has brought it back down close to a zone of strong support again. . .with the dollar looking tired now after its latest strong run and gold and the precious metals sector looking well placed to recover, this looks like another favorable buy spot for the company."

One junior explorer just added a project in Idaho to a healthy stable of assets. Management believes the deal creates a lot of upside for shareholders, as the focus now turns toward extracting that value.
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It's still in the early stages but one junior gold explorer in Nevada's Carlin Trend has outlined an oxide gold system that looks similar to others being mined nearby in America's most prolific gold-mining state.
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More Expert Comments

Experts Following This Company

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Thibaut Lepouttre, Editor Caesars Report
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Ivan Lo The Equedia Weekly Letter
Clive Maund –

Company News 

11/22/2022 – NevGold Announces C$3M Brokered Private Placement Financing

11/11/2022 – NevGold Intercepts 0.53 g/t Oxide Au over 74.7 Meters And Expands The Mineralized Footprint Over 100 Meters At Resurrection Ridge

11/10/2022 – NevGold Intercepts More Oxide Gold At Resurrection Ridge Expanding The Mineralized Footprint By Over 100 Meters

10/6/2022 – NevGold Expands Cadillac Valley South Discovery By Over 100 Meters To the Northwest And Intercepts More Oxide Gold

9/8/2022 – NevGold Identifies +6 Meter Wide Undrilled Outcropping Vein and Finds Visible Gold in Historical Core at Nutmeg Mountain

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Investing Highlights
Path to 3+ million ounces of oxide gold resources in Nevada and Idaho
2023 drill programs in Nevada/Idaho driving towards updated resource estimates
Experienced team with track record of mining project development success
catalyst Calendar
More drill results from Limousine Butte in Nevada
Advancing to 2023 drill programs at Limousine Butte (Nevada) and Nutmeg Mountain (Idaho)
Resource estimates at Limousine Butte and Nutmeg Mountain by Q3-2023