8-K
Nevada Canyon Gold Corp. (NGLD)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) October 15, 2024
NEVADA
CANYON GOLD CORP.
(Exact Name of Registrant as Specified in its Charter)
| Nevada | 000-55600 | 46-5152859 |
|---|---|---|
| (State<br> or other jurisdiction<br><br> <br>of<br> incorporation) | (Commission<br><br> <br>File<br> number) | (IRS<br> Employer<br><br> <br>Identification<br> No.) |
5655 Riggins Court, Suite 15, Reno, NV 89502
(Address of principal executive offices) (zip code)
(888) 909-5548
Registrant’s
telephone number, including area code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: None.
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
ITEM
7.01 REGULATION FD DISCLOSURE
On October 15, 2024, Walker River Resources Corp, (“Walker River”) the owner of the Lapon Canyon Project, (The “Project”) in which Nevada Canyon Gold Corp. (the “Company”) owns a royalty on, issued an informational news release (the “Release”) containing additional drill results from the 2024 reverse circulation (“RC”) drill program on the Project. The Company’s news release contains an edited, simplified version of the factual information of the Release, relevant to the Company’s involvement in the Project, as well as other industry information. The Company may choose to regularly post similar information, as the management deems fit, to its website and may use the Release in reports and presentations from time to time. A copy of the news release is attached as Exhibit 99.1 hereto, which is incorporated by reference solely for purposes of this Item 7.01 disclosure.
Exhibit 99.1 contains forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed in these forward-looking statements.
The information set forth under this Item 7.01, including Exhibit 99.1, is being furnished and, as a result, such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
ITEM
9.01 FINANCIAL STATEMENTS AND EXHIBITS.
| Exhibit<br> No. | Description |
|---|---|
| 99.1 | News Release dated October 15, 2024 |
| 104 | Cover<br> Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
| NEVADA CANYON GOLD CORP. | |
|---|---|
| By: | /s/ Alan Day |
| Alan<br> Day | |
| President<br> and Chief Executive Officer |
Date: October 15, 2024
Exhibit 99.1
| 5655<br> Riggins Court, Suite 15<br><br> <br>Reno,<br> NV 89502<br><br> <br>Tel<br> : 888-909-5548<br><br> <br>Fax<br> : 888-909-1033 |
|---|
Trading Symbol OTCMKTS: NGLD
NEWSRELEASE
ADDITIONALRESULTS FROM THE LAPON CANYON AND PIKES PEAK PROJECTS NEVADA CANYON OWNED ROYALTIES
Reno,Nevada. October 15, 2024, Nevada Canyon Gold Corp. (OTC Markets: NGLD) (The “Company” or “Nevada Canyon”) is pleased to announce it has been informed that additional drill results have been released from the 2024 reverse circulation (“RC”) drill program on the Lapon Canyon Project, (the “Project”) a Nevada Canyon owned royalty, located in Mineral County, Nevada.
Nevada Canyon owns a 3% Net Smelter Royalty (“NSR”) on the Project, (see news release 05-28-2024) Walker River Resources Corp. (“Walker River”) owns a 100% undivided interest in the Project consisting of 96 unpatented lode situated in Mineral County, Nevada, within the northern portion of the Walker Lane gold trend.
Walker River Resources Corp (TSX.V: WRR), announced on October 15, 2024 (see WRR news release 10-15-2024) additional drill results from the 2024 RC drill program at the Lapon Canyon Project, along with assays results from underground channel sampling completed at a recently re-opened adit on the Pikes Peak Project (a Nevada Canyon owned royalty, see news release 06-13-2024), located in Mineral County, Nevada, 60 km SE of Yerington, NV.
KeyHighlights
| ● | Drill<br> assay results from holes LC-24-101 to -105 continue to demonstrate a robust gold mineralized<br> zone at Hotspot, extending the zone from its initial discovery approximately 125 metres laterally<br> east and to a depth of more than 100 metres. |
|---|---|
| ● | LC-24-102<br> returned 3.4 g/t Au over 56.4 meters including 6.1 g/t Au over 27.4 meters and 12.4 g/t Au<br> over 6.1 metres. The hole ended in mineralization at 121.9 metres. |
| ● | LC-24-103<br> returned 0.6 g/t Au over 88.4 metres, ending in mineralization at 121.9 metres. |
| ● | LC-24-105<br> returned 1.2 g/t Au over 86.9 meters, including 3.3 g/t Au over 9.1 metres and 3.2 g/t Au<br> over 6.1 metres |
| ● | Drill<br> results continue to define a broad, potentially flat-lying geometry of the gold system, now<br> extending more than 400 m east-west and 600 m north-south, covering an area ~0.27 square<br> kilometres. Localized high-grade shoots are emerging within the broader mineralized domains<br> and continue to be tested by drilling. |
| ● | At<br> the Pikes Peak Project, underground channel sampling from a recently re-opened adit (tunnel)<br> returned highlighted assay results of 36.4 g/t Au, 10.7 g/t Au, and 19.8 g/t Au |
Table1: Selected results from new drill assays from the Hotspot Zone.
| From | To | Width* | Gold | Gram metres | ||
|---|---|---|---|---|---|---|
| Drill Hole | (m) | (m) | (m) | (g/t) | (g/t*m) | |
| LC-24-101 | 3.1 | 97.5 | 94.5 | 0.4 | 35.9 | |
| including | 41.2 | 56.4 | 15.2 | 0.8 | 12.3 | |
| LC-24-102 | 3.1 | 45.7 | 42.7 | 0.2 | 7.7 | |
| and | 65.5 | 121.9 | 56.4 | 3.4 | 190.6 | |
| including | 67.1 | 94.5 | 27.4 | 6.1 | 167.0 | |
| and including | 88.4 | 94.5 | 6.1 | 12.4 | 75.5 | |
| LC-24-103 | 33.5 | 121.9 | 88.4 | 0.6 | 54.8 | |
| LC-24-104 | 22.9 | 86.9 | 64.0 | 0.5 | 30.1 | |
| LC-24-105 | 4.6 | 91.4 | 86.9 | 1.2 | 105.1 | |
| including | 53.3 | 62.5 | 9.1 | 3.3 | 30.3 | |
| and including | 70.1 | 76.2 | 6.1 | 3.2 | 19.7 | |
| LC-24-106 | 0.0 | 68.6 | 68.6 | 0.3 | 17.8 |
* The above drill results are presented with lengths representing sampled lengths. True width is estimated to be between 65 and 90 percent of sampled widths.
Figure 1: Plan and section view of the Hotspot zone, Central zone, historical drilling and 2024 drilling results
Figure 2: Plan and section view of the Hotspot zone, Central zone, and assay results from historical drilling (coloured circles) and 2024 drilling (coloured discs).
LaponCanyon Property
The 2024 drill program at Lapon Canyon is exploration and definition focused. Drill holes have been planned with the intent to define the extent and geometry of the mineralized system and test for new mineralized zones along strike and at depth. Assay results received to date are encouraging as the Hotspot zone continues to grow with several holes ending in mineralization. Further drilling at Lapon Canyon remains on-going while additional assay results remain highly anticipated.
Drill Hole LC-24-104 was lost and abandoned at 100 meters due to technical issues. In addition, no samples are available from the interval of 68.5 to 86.9 meters. This interval is bounded on each side by anomalous gold values. It is notable that the final 4.5 meters returned 1.02 g/t Au. The hole will be redrilled.
PikesPeak Property
Significant historical mining activities are present (milling facilities, adits, shafts, pits) in a copper gold environment at Pikes. The Company’s personnel and geologists were able to re-open and access one of the adits present on the property for geological mapping and sampling. The results presented in Table 2 below confirm the potential for gold mineralization at Pikes Peaks, part of the Lapon Gold Project.
Table2: Underground channel sample results from Pikes Peak
| Sample Number | Lab I.D. | Material* | Gold<br><br> <br>(g/t) |
|---|---|---|---|
| A-1 | 2020384095 | Adit<br> wall | 1.3 |
| A-2 | 2020384094 | Adit<br> wall | 0.46 |
| A-3 | 2020384100 | Adit<br> wall | 1.18 |
| A-4 | 2020384090 | Adit<br> wall | 0.13 |
| A-5 | 2020384089 | Adit<br> wall | 36.4 |
| B | 2019828396 | Adit<br> wall | 6.55 |
| C-1 | 2020384093 | Adit<br> wall | 19.8 |
| C-2 | 2020384091 | Adit<br> wall | 3.04 |
| C-3 | 2020384092 | Adit<br> wall | 2.31 |
| C-4 | 2020384096 | Adit<br> wall | 3.68 |
| C-5 | 2020384097 | Adit<br> wall | 9.81 |
| C-6 | 2020384098 | Adit<br> wall | 10.73 |
| C-7 | 2020384099 | Adit<br> wall | 6.07 |
| D | 2019828399 | Adit<br> wall | 2.06 |
* The above underground channel samples were taken at 0.30 meters intervals between samples. Each channel sample was taken in 0.30 meters lengths.
Figure 3: (Left) Aerial view of historical workings at Pikes Peak, view looking north. (Right) Re-opened adit at Pikes Peak, part of the Lapon Gold Project, where channel sampling was completed across veins in the adit walls. Results from the channel sampling are shown in Table 2.
“These impressive results from Lapon Canyon and now Pikes Peak, continue to confirm the significant upside potential of our Nevada royalties,” said Nevada Canyon President and CEO, Alan Day, “We are excited to see additional results from Lapon Canyon as the 2024 drill program continues.”
SamplingMethodology, Chain of Custody, Quality Control and Quality Assurance
All sampling was conducted under the supervision of the Company’s project geologists and the chain of custody from the drill to the sample preparation facility was continuously monitored. A blank or certified reference material was inserted approximately every tenth sample. The Lapon Canyon samples were delivered to American Assays Laboratories’ certified laboratory facilities in Sparks, NV. The samples were crushed, pulverized and the sample pulps digested and analyzed for gold using fire assay fusion and a 50 g gravimetric finish.
Samples are taken and bagged directly at the drill rig at every 1.5-meter interval, standard in the exploration industry. A small sample is also taken at the drill rig and put into a chip tray for examination purposes and to determine those sample bags that should be sent to the lab for assay purposes. Often this work is carried out using a microscope for the examination of the rock chips. The full sample bag from the interval chosen for assay purposes is then sent directly from the drill site to the lab, located in Sparks, NV.
The scientific and technical information contained in this news release has been reviewed, verified and approved by Dave Nuttal P.Geo, President of Serac Exploration, who is an independent Qualified Person as defined under NI 43-101 Standards of Disclosure for Mineral Projects.
Aboutthe Lapon Canyon Project
Lapon Canyon hosts historical, high grade gold mining with approximately 2,000 feet of underground workings in three adits. Historical underground work returned numerous assay values in the one-ounce-per-ton range. (NI 43-101, Montgomery and Barr, 2004). Walker River has completed considerable exploration work to date, with numerous drill hole intercepts that have indicated significant gold mineralization. The Project is easily accessible by secondary state roads from the main highway (15 miles), and is located approximately 40 miles southeast of Yerington, Nevada. A state power grid transmission line passes within 2 miles of the Project.
AboutNevada Canyon Gold Corp.
Nevada Canyon Gold Corp. is a US-based natural resource company headquartered in Reno, Nevada. The Company has a large, strategic land position and royalties in multiple projects, within some of Nevada’s highest-grade historical mining districts, offering year-round access and good infrastructure in proven and active mining districts. The Company has a three-fold business model; i) mineral royalty creation and acquisition; ii) precious-metals and exploration streaming & financing; and iii) exploration project accelerator.
Forfurther information please contact:
Corporate Communications
Larry Heuchert
Tel: 1-888-909-5548 Ext. 2
Email: ir@nevadacanyongold.com
Web: www.nevadacanyongold.com
Forward-LookingStatements
The information posted in this release may contain forward-looking statements. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by use of the words “may,” “will,” “should,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of exploration, delays in completing various engineering and exploration programs, and any potential results from such programs. Specifically, forward-looking statements in this news release include statements with respect to the potential mineralization and geological merits of the Company properties, its royalties owned on properties and various other factors beyond the Nevada Canyon Gold Corp.’s control. The Company’s actual results could differ materially from those discussed in this press release. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events except as required by applicable securities legislation. Investors are advised to carefully review the reports and documents that Nevada Canyon Gold Corp. files from time to time with the SEC, including its Annual Form 10K for the fiscal year ended December 31, 2023, Quarterly Reports and Current Reports.