NevGold (NAU.V) started a new 5,000 meter reverse circulation drill program in August, targeting the Resurrection Ridge and Cadillac Valley targets on its Limousine Butte gold-antimony project in Nevada. This is the first drill program under the Plan of Operations, which was approved in November last year. This will allow the company easier access to drill-test some of the untested targets on the project.
This also is the first drill program focusing on the combination of gold and antimony, and this should result in an initial NI43-101 compliant resource calculation for both metals. The 2025 drill program will consist of some delineation and expansion holes and in combination with previous drill programs completed by NevGold and the historical drillhole database, NevGold appears to be quite confident to have enough data to compile a meaningful maiden resource calculation.
Disclosure: The author has a long position in NevGold. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
