Nuvau Minerals Hits High Grade Gold
The Gold Bull Sep 10, 2026 7:45
Summary
Nuvau Minerals hit 138.87 g/t gold over 4.45 meters at Matagami's Thunder Mine area — the first gold drilling on this former copper property.
Matagami carries a 10.7M-tonne Cu-equivalent resource, a permitted zinc-copper mine, and a $5M option on a 3,000 tpd permitted mill.
A refreshed Fall PEA will fold in the McLeod DEEP extension, the Bracemac-McLeod restart, new resources, and current base-metal prices.
An Aug 11 internal update pegged NPV at $450M and IRR at 48%, up from the 2023 base-case $116M / 20% — and prices have risen since.