Shares of Junior Miner Up on Exploration Agreement

2025-02-03 13:50:00 ET

This US-based company has a large, strategic land position and royalties in multiple projects within some of Nevada’s highest-grade historical mining districts. It has year-round access and good infrastructure in proven and active mining districts, and shares are up in afternoon trade on news of a signed agreement.

Nevada Canyon Gold Corp. ( OTCQX: NGLD) announced it has signed, through its wholly owned subsidiary, Nevada Canyon, LLC, an Exploration Stream Earn-in Agreement with Walker River Resources, LLC, a wholly owned subsidiary of Walker River Resources Corp. to explore and develop the Lapon Canyon Gold Project. The project is located within the prolific Walker Lane gold trend, 40 miles southeast of Yerington, Nevada. Nevada Canyon will have the exclusive right to earn and purchase up to a 50% interest in the Lapon Canyon Project by funding cumulative Exploration Expenses of US$5,000,000 over three years.

Lapon Canyon hosts historic, high-grade gold mining with approximately 2,000 feet of underground workings in three adits. Historical underground work returned numerous assay values in the one-ounce-per-ton range (NI 43-101, Montgomery and Barr, 2004). The Lapon Canyon Project is easily accessible by secondary state roads from the main highway (15 miles) and is located approximately 40 miles southeast of Yerington, Nevada. A state power grid transmission line passes within 2 miles of the project.

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