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:

headshot of Thibaut Lepouttre

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."

headshot of Thibaut Lepouttre

Thibaut Lepouttre, Caesars Report

"NevGold Corp. appears to be serious about building a multimillion ounce gold exploration company as it recently entered into an agreement with GoldMining to acquire the Almaden property (which will now be renamed Nutmeg Mountain). . .this project already contains a NI 43-101 compliant resource estimate with 910 Koz of gold in the Indicated resource category and an additional 160 Koz in the Inferred resource category (based on in excess of 900 holes drilled). The average grade is, respectively, 0.65 g/t and 0.56 g/t."

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.
read more >
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.
read more >

Clive Maund,

"NevGold Corp.'s stock has a candle forming on the former market, suggesting that we may see a minor reaction back again, but basically it is still in what is viewed as an intermediate basing pattern that should lead to renewed advance. The company continues to be a Buy in this area and especially on any dips back towards its lows of the past week or so."

headshot of Thibaut Lepouttre

Thibaut Lepouttre, Caesars Report

"NevGold Corp. is now almost halfway through its maiden drill program on the Limousine Butte gold project. . .although it's still early days, the assay results from the first few holes exceeded our expectations, and the company is now well on its way to releasing a maiden resource including 1 Moz gold in oxide mineralization."

Thibaut Lepouttre, Caesars Report

"NevGold Corp.'s technical team has now completed a data compilation and interpretation program, and this resulted in identifying potential extensions to the known high-grade vein structures at Ptarmigan that were discovered by historical drill programs. . .the company thinks there's plenty of opportunity to expand the mineralized trend. . .NevGold plans to kick off an exploration program in Q2/22."

read more >

More Expert Comments

Experts Following This Company

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

Company News 

8/4/2022 – NevGold Announces Closing Of C$1.1M Non-Brokered Private Placement Financing

7/26/2022 – NevGold Announces C$1M Non-Brokered Private Placement Financing

7/7/2022 – NevGold Outlines The Project Development Plan At The Advanced Stage Nutmeg Mountain Gold Project

7/5/2022 – NevGold Closes Option To Acquire The Nutmeg Mountain Gold Project And $1M Strategic Investment By GoldMining Inc.

6/14/2022 – NevGold Executes Option To Acquire The Nutmeg Mountain Gold Project And Announces Strategic Investment By GoldMining Inc.

6/2/2022 – NevGold Makes Cadillac Valley South Discovery With 650 Meter Step-Out And Intercepts More Oxide Gold

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 multi-million ounce oxide gold resource in Nevada
Significant value extraction to occur with news from current 10,000m drill program at Limo Butte
Experienced team with track record of mining project development success
catalyst Calendar
Initial drill assay release February 1 or 2
Advancement of Cedar Wash and Ptarmigan news releases will be put out in February/March on explora
Further drill assays from 10,000m program at Limo Butte, Nevada steady over February/March/April