NevGold (TSXV: NAU)’s Nutmeg Mountain: One of America’s Largest Undeveloped Oxide Gold Resources
NevGold (TSXV: NAU)‘s Nutmeg Mountain is one of the largest undeveloped oxide gold resources remaining in the U.S. today, but nobody even knows it exists and NAU dipped by 7.04% today to $0.66 per share with a market cap of only US$53.86 million.
We haven’t even discussed yet our real reason for liking NAU… the Nutmeg Mountain Gold Project, located approximately 130 km southwest of Perpetua Resources (PPTA)’s Stibnite… contains an open-pit, oxide gold resource of:
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1.19 million oz Indicated @ 0.50 g/t Au
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548,000 oz Inferred @ 0.34 g/t Au
At its current market valuation, NevGold is trading at just US$31 per ounce of gold based solely on its Idaho oxide gold resource — less than 1/10th of the per oz valuation being placed on Perpetua’s ounces.
Even more compelling, Nutmeg Mountain’s mineralization starts right at surface, with a strip ratio expected to be under 1:1 based on conceptual pit shells — exceptionally low for a heap-leach operation, pointing to robust project economics.
Nutmeg Mountain is one of the largest undeveloped oxide gold resources left in America!
PPTA gained another 7.19% today to $25.20 per share after JPMorgan’s huge investment this week through their new $1.5 trillion U.S. Homeland Security Fund.
To date, our NevGold (TSXV: NAU) coverage has focused exclusively on the company’s recent high-grade antimony/gold drill results in Nevada — discoveries that position NevGold as an emerging player in both precious and critical minerals.
NIA’s report this weekend will expose how NAU is receiving less than zero value for one of the highest-grade antimony/gold discoveries ever made in North America.
NIA’s President has been researching NAU for the last 24 months straight due to Nutmeg Mountain in Idaho and had no idea their high-grade Nevada antimony discovery was coming!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from NAU of US$100,000 cash for a twelve-month marketing contract. This message is for informational and educational purposes only and does not provide investment advice.
