other material
confidence high
sentiment positive
materiality 0.45
Nevada Canyon Gold acquires 2% NSR royalty on Pikes Peak Project for $150,000
Nevada Canyon Gold Corp.
- Acquired 2% net smelter returns royalty on 36 unpatented lode mining claims in Mineral County, NV from Walker River Resources.
- Consideration: $150,000 cash; claims are part of the Pikes Peak Project with historical gold and copper mining.
- Historical sampling returned 9 g/t Au and 2.2% Cu; 2022 RC drill program discovered gold mineralization.
- Walker River is rehabilitating underground workings to guide a planned 2024 drill program.
- CEO Alan Day states royalty adds upside leverage to gold prices and copper potential.