Project Overview
The Nutmeg Mountain project (formerly Almaden project) is a gold-silver deposit located 140 kilometers north of Boise, Idaho and within the Northern Nevada Rift which includes Hecla Mining Company’s Hollister and Midas mines. Nutmeg Mountain is operated by NevGold Corp. (“NevGold”) after acquiring an option from GoldMining Inc. in June 2022.
Nutmeg Mountain is a low-sulphidation epithermal goldsilver deposit with similar geology to several other Western USA epithermal deposits and has had over 70,000 meters of historical drilling with 934 core, RC, and rotary holes. In September 2022, NevGold completed core relogging and surface mapping program at Nutmeg Mountain with a focus on commencing an initial drill program in 2023. Gold Royalty’s NSR maintains upside potential as NevGold initiates a drill program to expose near-surface high-grade mineralization.