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Nevgold Corp has released an updated mineral resource estimate (MRE) for its Nutmeg Mountain Gold Project in Idaho, revealing 1.19 million ounces of indicated resources and 548,000 ounces of inferred resources. The project, situated in a favorable mining jurisdiction, shows significant growth potential with mineralization starting at the surface and a low strip ratio.

The company plans further drilling to explore additional high-grade mineralization and will advance towards a preliminary economic assessment. CEO Brandon Bonifacio highlights the project's quality and growth potential amid a favorable macroeconomic gold environment.