NevGold Corp.

10:08 AM EST - NevGold Corp. : Announced the planned development activities at the advanced stage Nutmeg Mountain Gold Project following the July 5, 2022 closing of the transaction with GoldMining Inc. (TSX:GOLD, NYSE:GLDG). Nutmeg Mountain hosts a 2020 mineral resource estimate of 910,000 Indicated ounces of gold (43.5 Mt @ 0.65 g/t Au), and 160,000 Inferred ounces of gold (9.1 Mt @ 0.56 g/t Au) with significant resource expansion and exploration upside. NevGold has commenced work on Nutmeg Mountain with a core relogging program and geological model update, which will be followed by a drill program. NevGold Corp. shares V.NAU are trading up 3 cents at $0.58.

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