NevGold discovers additional gold at Nevada project, shares rise

NevGold (Pre-Reincorporation)

11/11/2022 20:59

** NevGold Corp shares  NAU.V  jump 15% at 46 Canadian cents
- biggest pct jump in over a month
    ** NAU discovers additional gold ore in Resurrection Ridge
target area at its Limousine Butte project in Nevada
 urn:newsml:reuters.com:*:nNRAmf5bfb
    ** The discovery includes 0.53 grams per tonne (a measure of
density) of gold ore at 74.7 meters and 0.81 grams per tonne of
gold ore at 19.9m from the surface
    ** Anything below four grams per tonne of gold ore is
considered low-grade
    ** The discovery expands NAU's mineralized footprint by over
100 meters at Resurrection Ridge
    ** "Resurrection Ridge continues to expand to the
northeast... and has all the signatures of a near-surface
gold-ore" - CEO Brandon Bonifacio
    ** Co says mineralization at Resurrection Ridge starts at
vertical depth below surface of about 20-60 meters
    ** Accounting for session gains, company's shares up 9.5%
YTD
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))