NevGold Identified Nine New Gold Targets in Idaho
New geophysical surveys at the Nutmeg Mountain project uncovered six near-surface gold zones and three deep feeder structures.
Updated on Sept. 29, 2026 in Geology
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NevGold has completed extensive gravity and CSAMT geophysical surveys across 18 square kilometers at its Nutmeg Mountain Gold Project in Idaho. The analysis revealed nine high-priority drill targets that could expand the site's existing mineral resources.
Why it matters
The company aims to move beyond shallow historical drilling, which averaged less than 75 meters in depth, to identify deeper high-grade mineralization. These findings are essential steps toward advancing the project for a future economic assessment.
The survey utilized gravity and CSAMT methods over 38.3 line kilometers to map subsurface resistivity and density contrasts. Researchers generated 3D models to identify potential fault block boundaries and silicified zones.
The players
NevGold
NevGold is a resource exploration company based in Vancouver, British Columbia, focused on developing gold projects in North America.
The details
By utilizing advanced 3D modeling, geologists identified potential feeder structures that were missed by previous exploration efforts. The company plans to test these specific targets with drilling programs to better understand the project's total resource potential.
Timeline
August 29, 2025: The 2025 Mineral Resource Estimate became effective.
September 29, 2026: The geophysical survey results were officially announced.
Next 3 to 6 months: NevGold plans to conduct drilling on the new targets.
2027: Target year for the Preliminary Economic Assessment.
The Big Picture
The discovery of these targets represents a strategic shift from shallow exploration toward deep-seated geological mapping. This approach follows a pattern set by the 2025 Mineral Resource Estimate, as the company seeks to build upon its current 1.73 million ounces of combined resource.
Identifying potential high-grade feeder structures could significantly increase the economic viability and long-term lifespan of the Nutmeg Mountain project. Successful drilling would provide the data necessary to support future infrastructure development and mining operations in the area.
The takeaway
Geophysical mapping allows companies to visualize mineral potential well beneath the surface without the immediate cost of extensive drilling. Investors and stakeholders should watch for upcoming drilling results as the primary indicator of the project's true value.
What happens next
NevGold is scheduled to begin a drilling program on the newly identified targets within the next 3 to 6 months to validate the geophysical findings.
Further reading
For more information on regional exploration, visit the Geology section.
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