NevGold Intercepts 0.80 g/t Au Over 51.5 Meters From Surface Including 1.40 g/t Au Over 11.3 Meters From 10 Meters Depth, And Announces Plans To Update The Mineral Resource Estimate At Nutmeg Mountain

Vancouver, British Columbia, June 22, 2023 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce further oxide, gold results intercepted from surface at the Nutmeg Mountain gold project (the “Project”, “Nutmeg Mountain”) in Idaho. The Project hosts a 2020 historical mineral resource estimate of 910,000 Indicated ounces of gold (43.5 Mt @ 0.65 g/t Au), and 160,000 Inferred ounces of gold (9.1 Mt @ 0.56 g/t Au) (see Note 1). A Nevgold Qualified Person has not done sufficient work to classify this historical resource estimate as current mineral resources, and NevGold is not treating the estimate as current mineral resources or mineral reserves. The Company also announces that it is well-advanced on completing a current Mineral Resource Estimate (“MRE”) at Nutmeg Mountain with targeted completion in early July.

Read more at globenewswire.com