Latest Nevada Mining News

A single drill program in WA delivered a once-a-year spike, while several small caps fell hard after reopening with price gaps. This week also saw big money raised for gold and uranium builds, and a run of resource upgrades across critical minerals.

Viking Mines has reported outstanding tungsten assay results up to 14.7% WO3 from surface sampling at its Nevada Linka Project, validating historical high-grade mineralisation across multiple sites. These findings underpin the company’s strategic push towards drilling and development in the US tungsten sector.

Small caps did the heavy lifting this week, led by two big discovery stories in resources. Funding raises and takeover moves kept attention on who can pay for the next step, not just promise it.

Speculative money piled into new discoveries and tight-supply metals, while a handful of small caps were sold hard on thin liquidity. The week’s biggest moves came from PGMs and tungsten on the way up, and micro-cap gas on the way down.

Orezone Gold Corporation has announced its acquisition of the Casa Berardi gold mine in Quebec, Canada, marking a strategic expansion into a Tier 1 mining jurisdiction and significantly boosting its production profile.

A takeover premium blew the doors off the Materials board this week, while one discounted equity raise did the opposite. Uranium names kept climbing on real production progress, and rare earths stayed in favour as governments and buyers circle supply.

Nelson Resources has reported exceptional high-grade gold and silver rock chip assays from its Gold Point project in Nevada, confirming extensive mineralisation and setting the stage for maiden drilling in 2026.

Nelson Resources has secured rights to earn up to 90% of the Gold Point Project in Nevada’s Walker Lane, consolidating a historic high-grade gold-silver district for the first time in over 140 years. Backed by a $3.25 million capital raise, the company plans an aggressive 2026 exploration campaign targeting significant value creation.

Sierra Nevada Gold (SNX) is nearing the conclusion of its bidding for exploration blocks in Saudi Arabia while securing key permits to restart mining in Nevada. The company is poised to begin test mining and drilling programs backed by fresh capital.

Altitude Minerals has secured an exclusive option agreement to acquire the Firenze Silver & Gold Project in Nevada, boasting exceptional surface assays and poised for drilling in 2026.

EV Resources has acquired full ownership of the historic Dollar Antimony Project in Nevada, positioning itself to supply critical antimony for US defense and energy sectors. The project boasts high-grade mineralization and strategic proximity to emerging antimony hubs.

Sierra Nevada Gold (ASX, SNX) reports significant new high-grade gold targets at its New Pass Project in Nevada, including a peak assay of 39.8g/t Au and a newly identified vein with 23.3g/t Au. These findings broaden exploration potential ahead of planned bulk sampling.