Provided By GlobeNewswire
Last update: Apr 4, 2024
Vancouver, British Columbia, April 04, 2024 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is very pleased to announce that it was a first mover staking approximately 20 square kilometers (approximately 2,000 hectares, or 4,900 acres) contiguous tomineral claims held by Hercules Silver Corp. (“Hercules”, TSXV:BIG) within the emerging Hercules Copper Trend of southwestern Idaho. The Zeus Copper Project (“Zeus” or the “Project”) is located approximately 20 kilometres (Figure 1) southwest of the copper porphyry discovery made by Hercules (see Hercules Silver News Release dated October 10, 2023). Subsequent to the Hercules copper porphyry discovery, Barrick Gold Corp. (“Barrick", TSX:ABX, NYSE:GOLD) invested approximately $30 million for an approximate 15% equity stake in Hercules (Hercules Silver News Release dated November 6, 2023; and Barrick Gold News Release dated November 13, 2023).
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