Monitor for the initial NI 43-101 resource estimate expected in H1 2027, which will be a key catalyst for valuation. Further drill results from the ongoing 2026 program are pending.
Price Chart
Executive Summary
Nevada Canyon Gold Corp. announced drill results from its 2026 program at the Lapon Canyon Gold Project, reporting significant gold intercepts including 2.07 g/t Au over 47.25 metres in hole LC-26-175. The initial NI 43-101 mineral resource estimate has been delayed to the first half of 2027 due to assay lab backlogs and drilling conditions. The company is earning a 50% interest in the project under a $5M Exploration Earn-in Agreement.
Key Facts
- Hole LC-26-175 returned 2.07 g/t Au over 47.25 metres, including 3.07 g/t Au over 30.48 metres
- Hole LC-26-179 returned 2.02 g/t Au over 48.77 metres, including 6.61 g/t Au over 7.62 metres
- Initial NI 43-101 mineral resource estimate delayed to first half of 2027
- Nevada Canyon is earning 50% of Lapon Canyon under a $5M Exploration Earn-in Agreement (dated Feb. 3, 2025)
- Company holds a 3% Net Smelter Royalty on the project
Financial Impact
No financial figures reported; exploration-stage project with no current revenue
Risk Factors
- Drilling conditions and assay lab delays have pushed back the resource estimate timeline
- Several holes were lost or abandoned due to ground conditions
- Exploration-stage project with no current production or cash flow
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-048039 |
| Document: form8-k.htm | 0001493152-26-048039 |
| Document: 0001493152-26-048039-index-headers.html | 0001493152-26-048039 |
| Document: 0001493152-26-048039-index.html | 0001493152-26-048039 |
| Document: 0001493152-26-048039.txt | 0001493152-26-048039 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $0.3500 | awaiting T+20 | — | $0.3500 (−0.00%) |
Jun 3, 2026 20w ago | 8-K | $0.4410 $0.4000 | ▼ −9.30% | ▼ −7.92% | $0.3500 (−20.63%) |
US Market Status
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