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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of Earliest Event Reported) September 24, 2024
NEVADA
CANYON GOLD CORP.
(Exact
Name of Registrant as Specified in its Charter)
| Nevada |
|
000-55600 |
|
46-5152859 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
number) |
|
(IRS
Employer
Identification
No.) |
5655
Riggins Court, Suite 15, Reno, NV 89502
(Address
of principal executive offices) (zip code)
(888)
909-5548
Registrant’s
telephone number, including area code
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
| ☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act: None.
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
ITEM
7.01 REGULATION FD DISCLOSURE
On
September 24, 2024, Walker River Resources Corp, (“Walker River”) the owner of the Lapon Canyon Project, (The “Project”)
in which Nevada Canyon Gold Corp. (the “Company”) owns a royalty on, issued an informational news release (the “Release”)
containing initial drill results from the 2024 reverse circulation (“RC”) drill program on the Project. The Company’s
news release contains an edited, simplified version of the factual information of the Release, relevant to the Company’s involvement
in the Project, as well as other industry information. The Company may choose to regularly post similar information, as the management
deems fit, to its website and may use the Release in reports and presentations from time to time. A copy of the news release is attached
as Exhibit 99.1 hereto, which is incorporated by reference solely for purposes of this Item 7.01 disclosure.
Exhibit
99.1 contains forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events
that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed in these forward-looking
statements.
The
information set forth under this Item 7.01, including Exhibit 99.1, is being furnished and, as a result, such information shall not be
deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
or otherwise subject to the liabilities of such Section, nor shall such information be deemed incorporated by reference in any filing
under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
ITEM
9.01 FINANCIAL STATEMENTS AND EXHIBITS.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by
the undersigned hereunto duly authorized.
| NEVADA
CANYON GOLD CORP. |
|
| |
|
|
| By: |
/s/
Alan Day |
|
| |
Alan
Day |
|
| |
President
and Chief Executive Officer |
|
| |
|
|
| Date:
|
September
25, 2024 |
|
Exhibit
99.1
 |
5655
Riggins Court, Suite 15 |
Reno,
NV 89502
|
Tel
: 888-909-5548
|
| Fax
: 888-909-1033 |
Trading
Symbol OTCMKTS: NGLD
NEWS
RELEASE
INITIAL
2024 DRILL RESULTS FROM THE LAPON CANYON PROJECT A NEVADA CANYON OWNED ROYALTY
Reno,
Nevada. September 24, 2024, Nevada Canyon Gold Corp. (OTC Markets: NGLD) (The “Company” or “Nevada Canyon”) is
pleased to announce it has been informed that initial drill results have been released from the 2024 reverse circulation (“RC”)
drill program on the Lapon Canyon Project, (the “Project”) a Nevada Canyon owned royalty, located in Mineral County,
Nevada.
Nevada
Canyon owns a 3% Net Smelter Royalty (“NSR”) on the Project, (see news release 05-28-2024) Walker River Resources
Corp. (“Walker River”) owns a 100% undivided interest in the Project consisting of 96 unpatented lode mining claims
identified as the Sleeper and Lapon Rose claim groups situated in Mineral County, Nevada, within the northern portion of the Walker Lane
gold trend.
Walker
River Resources Corp (TSX.V: WRR), announced on September 24, 2024 (see WRR news release 09-24-2024) initial drill results from
the 2024 RC drill program at the Lapon Canyon Project, located in Mineral County, Nevada, 60 km SE of Yerington, NV.
Key
Highlights
| |
● |
Drill
hole LC-24-100 returned 4.5 g/t Au over 56.5 meters at a depth of 65.5 meters, including an intercept of 20.3 g/t Au over 4.8 metres.
The hole was terminated in gold mineralization returning 4.42 g/t Au over 7.7 meters from 114.3 to the end of the hole at 122 meters |
| |
|
|
| |
● |
Drill
hole LC-24-99 returned 1.17 g/t Au over 73.1 metres starting at a depth of 6.1 metres. This interval included an intercept of 6.9
g/t Au over 6.0 metres |
| |
|
|
| |
● |
The
assay results demonstrate the robust nature and continuity of the gold mineralized alteration zone at Hotspot, extending the zone
from its initial discovery approximately 125 metres laterally east from the and to a depth of 100 m |
| |
|
|
| |
● |
Previous
and current drilling results continue to define a sub to horizontal geometry of the gold system. High-grade shoots may have developed
within the broader mineralized domains. |
| |
|
|
| |
● |
Drilling
at the Hotspot Zone is carried out in different directions (azimuths) from the same drill pad, with systematic drilling on section
with pads placed at every 30 to 60 meters or so, with up to five holes per pad. |
| |
|
|
| |
● |
Drilling
at Lapon Canyon is on-going, with additional results expected from the Central and Hotspot Zones |
Table
1: Selected results from new drill assays from the Hotspot Zone.
| |
|
|
|
From
|
|
To |
|
Width* |
|
Gold |
|
Gram
metres |
| Drill
Hole |
|
|
|
(m) |
|
(m) |
|
(m) |
|
(g/t) |
|
(g/t*m) |
|
|
|
|
24.4 |
|
35.0 |
|
10.6 |
|
1.66 |
|
17.6 |
| LC-24-97 |
|
including |
|
27.4 |
|
30.5 |
|
3.1 |
|
5.25 |
|
16.3 |
|
|
|
|
27.4 |
|
39.6 |
|
12.2 |
|
3.45 |
|
42.1 |
| |
|
|
|
56.4 |
|
115.8 |
|
59.4 |
|
0.49 |
|
29.1 |
| LC-24-98 |
|
including |
|
89.9 |
|
97.5 |
|
7.6 |
|
2.1 |
|
16.0 |
|
|
|
|
6.1 |
|
79.2 |
|
73.1 |
|
1.17 |
|
85.5 |
| |
|
including
|
|
32.0 |
|
68.6 |
|
36.6 |
|
2.12 |
|
77.6 |
| LC-24-99 |
|
including |
|
61.0 |
|
67.0 |
|
6.0 |
|
6.9 |
|
41.4 |
|
|
|
|
65.5 |
|
121.9 |
|
56.4 |
|
4.5 |
|
253.8 |
| |
|
including |
|
71.6 |
|
79.2 |
|
7.6 |
|
7.9 |
|
60.0 |
| LC-24-100 |
|
and |
|
105.2 |
|
110.0 |
|
4.8 |
|
20.3 |
|
97.4 |
*The
above drill results are presented with lengths representing sampled lengths. True width is estimated to be between 65 and 90 percent
of sampled widths.
Figure
1: Plan and section view of the Hotspot zone, Central zone, historical drilling and 2024 drilling results.
The
2024 drill program at Lapon Canyon is exploration and definition focused. Drill holes were planned with the intent to define the extent
and geometry of the mineralized system and test for new mineralized zones along strike and at depth.
Figure
2: Plan and section view of the Hotspot zone, Central zone, historical drilling and 2024 drilling results.
All
four holes analyzed and included in this release returned anomalous gold intercepts. The most significant result was from LC-24-100,
which returned 4.5 g/t Au over 56.5 meters at a depth of 65.5 meters and included an interval of 20.26 g/t Au over 4.5 metres. The hole
stopped in gold mineralization returning 4.42 g/t Au over 7.7 meters from
114.3
to the end of the hole at 122 meters. The hole will be re-entered and extended as mineralization may continue. Other assay results are
tabulated in Table 1.
On-going
work at Lapon Canyon in 2024 consists of constructing additional drill access roads and drill pads, structural mapping at surface, and
RC drilling. This work is planned to continue for the remainder of 2024.
The
results from the 2024 drill programs and subsequent data compilation will enable the completion of an initial NI 43-101 compliant mineral
resource on the Project.
Sampling
Methodology, Chain of Custody, Quality Control and Quality Assurance
All
sampling was conducted under the supervision of the Company’s project geologists and the chain of custody from the drill to the
sample preparation facility was continuously monitored. A blank or certified reference material was inserted approximately every tenth
sample. The Lapon Canyon samples were delivered to American Assays Laboratories’ certified laboratory facilities in Sparks, NV.
The samples were crushed, pulverized and the sample pulps digested and analyzed for gold using fire assay fusion and a 50 g gravimetric
finish.
Samples
are taken and bagged directly at the drill rig at every 1.5-meter interval, standard in the exploration industry. A small sample is also
taken at the drill rig and put into a chip tray for examination purposes and to determine those sample bags that should be sent to the
lab for assay purposes. Often this work is carried out using a microscope for the examination of the rock chips. The full sample bag
from the interval chosen for assay purposes is then sent directly from the drill site to the lab, located in Sparks, NV.
The
scientific and technical information contained in this news release has been reviewed, verified and approved by Dave Nuttal P.Geo, President
of Serac Exploration, who is an independent Qualified Person as defined under NI 43-101 Standards of Disclosure for Mineral Projects.
About
the Lapon Canyon Project
Lapon
Canyon hosts historical, 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). Walker River has completed
considerable exploration work to date, with numerous drill hole intercepts that have indicated significant gold mineralization. The 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.
About
Nevada Canyon Gold Corp.
Nevada
Canyon Gold Corp. is a US-based natural resource company headquartered in Reno, Nevada. The Company has a large, strategic land position
and royalties in multiple projects, within some of Nevada’s highest-grade historical mining districts, offering year-round access
and good infrastructure in proven and active mining districts. The Company has a three-fold business model; i) mineral royalty creation
and acquisition; ii) precious-metals and exploration streaming & financing; and iii) exploration project accelerator.
For
further information please contact:
Corporate
Communications
Larry
Heuchert
Tel:
1-888-909-5548 Ext. 2
Email:
ir@nevadacanyongold.com
Web:
www.nevadacanyongold.com
Forward-Looking
Statements
The
information posted in this release may contain forward-looking statements. The statements contained in this press release that are not
purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. You can identify these statements by use of the words “may,” “will,” “should,”
“plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,”
“intend,” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results
to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic
and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods
of exploration, delays in completing various engineering and exploration programs, and any potential results from such programs. Specifically,
forward-looking statements in this news release include statements with respect to the potential mineralization and geological merits
of the Company properties, its royalties owned on properties and various other factors beyond the Nevada Canyon Gold Corp.’s control.
The Company’s actual results could differ materially from those discussed in this press release. The Company disclaims any intention
or obligation to update or revise any forward-looking statements whether as a result of new information, future events except as required
by applicable securities legislation. Investors are advised to carefully review the reports and documents that Nevada Canyon Gold Corp.
files from time to time with the SEC, including its Annual Form 10K for the fiscal year ended December 31, 2023, Quarterly Reports and
Current Reports.
v3.24.3
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Nevada Canyon Gold (PK) (USOTC:NGLD)
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Nevada Canyon Gold (PK) (USOTC:NGLD)
過去 株価チャート
から 12 2023 まで 12 2024
