Nevada Canyon Gold reports 2.07 g/t gold over 47.3 meters at Lapon Canyon
NGLD•Nevada Canyon Gold reported 2.07 grams per metric ton of gold over 47.25 meters at its Lapon Canyon project, while another hole returned 2.02 g/t over 48.77 meters. The initial mineral resource estimate is now expected in the first half of 2027.
1. Drill results and timing
Nevada Canyon Gold reported grades of 2.07 grams per metric ton of gold over 47.25 meters at Nevada’s Lapon Canyon project. Another hole returned 2.02 grams per metric ton over 48.77 meters. The initial mineral resource estimate has slipped about one quarter to the first half of 2027, reflecting drilling constraints and assay laboratory delays.
2. Project agreement
The company is earning a 50% project interest under a three-year, $5 million exploration agreement and holds a 3% net smelter royalty.
