NevGold Identified Nine New Idaho Gold Targets

New geophysical surveys at the Nutmeg Mountain project suggest potential for expanded surface and deep deposits.

Updated on Sept. 29, 2026 in Geology

Isometric editorial illustration showing a cross-section of mountain terrain with stratified rock layers and concentrated mineral veins, depicting geological exploration. — NevGold has identified six new near-surface targets and three deep feeder structures at its Nutmeg Mountain gold project in Idaho following comprehensive geophysical surveys. AI Illustration. Upload story photo >

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NevGold has completed gravity and CSAMT geophysical surveys across 18 square kilometers at its Nutmeg Mountain Gold Project in Idaho. The results identified six near-surface targets and three deeper potential feeder structures.

Why it matters

The company aims to expand its current mineral resource base of 1.19 million ounces of Indicated gold by testing deeper structures that historical drilling, which averaged less than 75 meters in depth, failed to reach.

The survey included 38.3 line kilometers of Controlled-Source Audio-frequency Magnetotellurics (CSAMT) data mapped alongside gravity metrics. These figures provide a baseline for target generation that exceeds the depth of previous prospecting at the site.

The players

NevGold

A Vancouver-based mining company focused on advancing precious metal exploration projects in the western United States.

The details

NevGold used gravity and CSAMT — a method that measures electromagnetic fields to detect resistivity contrasts in subsurface rock — to model 3D data of the area. By analyzing these density and resistivity variations, geologists identified potential fault block boundaries and silicified zones. These zones indicate where mineral-rich fluids may have concentrated, distinguishing them from the shallower deposits probed by earlier campaigns.

August 29, 2025: Date of the 2025 Mineral Resource Estimate.
September 29, 2026: Announcement of geophysical survey results.
Next 3 to 6 months: Window for planned drilling of high-priority targets.
2027: Target year for a Preliminary Economic Assessment.

The Tech Race

The project follows the established 2025 Mineral Resource Estimate, which currently anchors the site's economic potential. These new geophysical findings shift the exploration focus toward deeper feeder structures that were outside the reach of the project's historical drilling infrastructure.

The potential expansion of the Nutmeg Mountain project may influence local land use and economic activity in the Idaho region. Residents and stakeholders should monitor the upcoming drill results, as these findings will determine if the project proceeds toward the economic assessment phase.

The takeaway

The success of these exploration efforts depends on the upcoming drilling campaign verifying the high-grade structures identified in the CSAMT data. Stakeholders should track the company's progress toward its 2027 economic assessment milestone for confirmation of the project's viability.

What happens next

NevGold plans to commence drilling on the identified high-priority targets within the next 3 to 6 months. Following the completion of this exploration phase, the company intends to publish a Preliminary Economic Assessment in 2027.