Earlier this month, NevGold (NAU.V) already disclosed it had staked ground in the close vicinity of Hercules Silver’s (BIG.V) Hercules project while bordering Hercules’ Mineral Project, and earlier this week, the company announced it has identified significant copper porphyry potential at its Zeus project.
The company highlighted the strong similarities between the Hercules Copper porphyry project owned by Hercules Silver and its own Zeus project.
NevGold points at its internal staking activities as the main reason for its excitement about Zeus. Rather than using external land staking teams, NevGold’s technical team completed the staking themselves and that allowed them to immediately advance and complete some surface geology work including a mapping and sampling program. According to VP Exploration Derick Unger, they immediately encountered float samples with copper mineralization and porphyry-style alteration in the outcrops.
The company also outlined the next few steps at Zeus, so we can likely expect the news flow to continue.
It will be a very busy summer for NevGold. Although we still focus on the company’s gold projects in Nevada and Idaho, the immediate priority is to find out more and complete more (relatively low-cost) work on its recently-staked Zeus project.
Disclosure: The author has a long position in NevGold. NevGold is a sponsor of the website. Please read the disclaimer.
