NevGold Extends Gold-Antimony Mineralization at Cadillac Valley

Nevgold Corp ( (TSE:NAU) ) just unveiled an update.

NevGold Corp announced the extension of oxide gold-antimony mineralization over 1.7 kilometers at the Cadillac Valley target within its Limousine Butte Project in Nevada. This expansion highlights the project’s potential and positions NevGold as a significant player in the gold-antimony mining sector. The company plans to advance both the Cadillac Valley and Resurrection Ridge areas to the Mineral Resource Estimate stage by 2025, with ongoing metallurgical testwork expected to yield results soon.

Spark’s Take on TSE:NAU Stock

According to Spark, TipRanks’ AI Analyst, TSE:NAU is a Neutral.

Nevgold Corp’s overall stock score reflects the challenges typical of an exploration-stage mining company, including financial instability due to non-existent revenues and cash burn. However, positive technical indicators and recent promising corporate developments provide some optimism for future growth.

To see Spark’s full report on TSE:NAU stock, click here.

More about Nevgold Corp

NevGold Corp is a mining company focused on exploring and developing gold-antimony mineralization projects. The company operates primarily in Nevada, a prominent mining jurisdiction, with its Limousine Butte Project being a key area of interest.

Average Trading Volume: 207,182

Technical Sentiment Signal: Buy

Current Market Cap: C$31.1M

Learn more about NAU stock on TipRanks’ Stock Analysis page.