# NevGold Defines Multiple High-Priority Drill Targets Including Key Feeder Structures at Nutmeg Mountain Gold Project, Idaho Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nevgold-defines-multiple-high-priority-drill-targets-including-key-feeder-struct--70f1eed4-a62d-4922-8cf4-4b86113d3c82 Original source: https://www.globenewswire.com/news-release/2026/09/29/3370724/0/en/nevgold-defines-multiple-high-priority-drill-targets-including-key-feeder-structures-at-nutmeg-mountain-gold-project-idaho.html Publisher: globenewswire Original announcement: 2026-09-29T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-29T16:03:49.015Z Atlas analysis updated: 2026-09-29T16:03:49.015Z - Company: NevGold Corp. - Ticker: NAU - Exchange: Unavailable - Region: Idaho - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Other - Extracted: 2026-09-29 16:03:49 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary NevGold has completed gravity and CSAMT geophysical surveys at the Nutmeg Mountain Gold Project in Idaho, identifying nine new drill targets including three potential high-grade feeder structures at depth. The company also restated its 2025 Mineral Resource Estimate of 1.19 Moz Indicated and 548 koz Inferred gold to support the new targeting model. Reasoning: The announcement uses geophysical surveys to define new drill targets and restates the 2025 Mineral Resource Estimate to provide context for the new targets. - Positive factor: Identification of high-priority feeder targets at depth - Positive factor: Geophysical surveys confirm structural continuity beyond historical drilling - Positive factor: Expansion potential for near-surface mineral resource - Negative factor: Results are geophysical interpretations, not direct assay results Facts used in scoring: 4 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides a restatement of the 2025 Mineral Resource Estimate to contextualize new geophysical targets. Evidence · text > 2025 Mineral Resource Estimate \(“MRE"\) of 1.19 Mozs of Indicated Resources **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate is explicitly stated to be prepared in accordance with NI 43-101. Evidence · text > All mineral resources have been estimated in accordance with Canadian Institute of Mining, Metallurgy and Petroleum definitions, as required under National Instrument 43-101 ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nevgold-defines-multiple-high-priority-drill-targets-including-key-feeder-struct--70f1eed4-a62d-4922-8cf4-4b86113d3c82#fact-resource-facts-0) Nutmeg Mountain · gold Historical result Needs review: historical\_restatement #### Identity - Project: Nutmeg Mountain - Commodity: gold - Region: usa\_id - Reported Region: Idaho - Ticker: NAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Greg Mosher - Resource group id: resource:84e5686c2c5341e41085 - Deposit or zone: Nutmeg Mountain - Material type: oxide - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 74205000 - Grade: 0.5 - Grade Unit: g/t - Contained Metal: 1186000 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-08-29 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-08-29T00:00:00.000Z #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: Restatement of the 2025 MRE used as a baseline for new geophysical targets. Evidence · text > 2025 Mineral Resource Estimate \(“MRE”\) of 1.19 Mozs of Indicated Resources at 0.50 g/t Au \(74.2 Mt\) and 548 kozs of Inferred Resources at 0.34 g/t Au \(49.8 Mt\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nevgold-defines-multiple-high-priority-drill-targets-including-key-feeder-struct--70f1eed4-a62d-4922-8cf4-4b86113d3c82#fact-resource-facts-1) Nutmeg Mountain · gold Historical result Needs review: historical\_restatement #### Identity - Project: Nutmeg Mountain - Commodity: gold - Region: usa\_id - Reported Region: Idaho - Ticker: NAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Greg Mosher - Resource group id: resource:d3812ab2a96523521d31 - Deposit or zone: Nutmeg Mountain - Material type: oxide - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 49749000 - Grade: 0.34 - Grade Unit: g/t - Contained Metal: 548000 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-08-29 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-08-29T00:00:00.000Z #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: Restatement of the 2025 MRE used as a baseline for new geophysical targets. Evidence · text > 548 kozs of Inferred Resources at 0.34 g/t Au \(49.8 Mt\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nevgold-defines-multiple-high-priority-drill-targets-including-key-feeder-struct--70f1eed4-a62d-4922-8cf4-4b86113d3c82#fact-resource-facts-2) Nutmeg Mountain · gold #### Identity - Project: Nutmeg Mountain - Commodity: gold - Region: usa\_id - Reported Region: Idaho - Ticker: NAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Greg Mosher - Resource group id: resource:ab67fc08d9f97a83fc22 - Deposit or zone: Nutmeg Mountain - Mining method: open\_pit - Material type: oxide - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 52556000 - Grade: 0.6 - Grade Unit: g/t - Contained Metal: 1014000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-08-29 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: Historical resource component from the 2025 MRE table. Evidence · table > 1,014,000 Context: 52,556,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nevgold-defines-multiple-high-priority-drill-targets-including-key-feeder-struct--70f1eed4-a62d-4922-8cf4-4b86113d3c82#fact-resource-facts-3) Nutmeg Mountain · gold #### Identity - Project: Nutmeg Mountain - Commodity: gold - Region: usa\_id - Reported Region: Idaho - Ticker: NAU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Greg Mosher - Resource group id: resource:9d9d821d18021de88250 - Deposit or zone: Nutmeg Mountain - Mining method: open\_pit - Material type: oxide - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 22458000 - Grade: 0.46 - Grade Unit: g/t - Contained Metal: 332000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-08-29 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: Historical resource component from the 2025 MRE table. Evidence · table > 332,000 Context: 22,458,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.