Friday Gold Project
central Idaho, USA
tokenized
Projection. 49,600 minted so far.
- 182,175 oz Measured×0.80145,740
- 391,908 oz Indicated×0.40156,753
- 58,558 oz Inferred×0.2011,711
Live value
$871.5MNatGold 73%
Sovereon Gold Corp. 20%
NATG · Minted On-Chain
Two gold deposits. So far, only parts of each have been tokenized. The number below is not a claim — it is read straight from the NATG smart contract on Ethereum, every few minutes.
Last verified chain read
NATG minted to date
Value at today's BIV
$296.2M| Ground tokenized | Date | NATG minted |
|---|---|---|
| Cahuilla Gold Project Patented mining claims 45 & 46, Cahuilla Gold Project Two parcels only — the first tokenization NatGold completed. The balance of the Cahuilla deposit has not been minted. | Jun 30, 2026 | 57,200 |
| Friday Gold Project Patented claim “Alaska 4”, Friday Gold Mine The first claim at Friday to be tokenized. The remaining patented claims were not included and have not been minted. | Jul 9, 2026 | 49,600 |
| Total on-chain | 106,800 |
Contingency Fund · 5%
5,340 NATG
Social Giveback · 2%
2,136 NATG
Minted vs. the full deposits
19.0% tokenized
106,800 tokens exist today. If both deposits were tokenized in full at the published resource-tier ratios, they would generate 561,702. That larger figure is a projection, not tokens in existence, and NatGold has not committed to tokenizing the remaining ground.
The Deposits Behind the Tokens
Both deposits are drilled and independently reported. The token figures below are what each deposit would generate in full at the published resource-tier ratios — a projection, not tokens in existence. Every resource, grade and drilling figure traces to an NI 43-101 technical report or a company disclosure.
central Idaho, USA
Projection. 49,600 minted so far.
Live value
$871.5MNatGold 73%
Sovereon Gold Corp. 20%
California, USA
Projection. 57,200 minted so far.
Live value
$686.5MNatGold 73%
Teras Resources (vendor) 20%
A drilled, independently verified resource entering the NatGold pipeline.
314,204 tokens · live value
$871.5M314,204 tokens backed by a current, QP-verified resource — including a substantial Measured (highest-confidence) component.
| Category | Controlled oz | Ratio | Tokens |
|---|---|---|---|
| Measured | 182,175 | ×0.80 | 145,740 |
| Indicated | 391,908 | ×0.40 | 156,753 |
| Inferred | 58,558 | ×0.20 | 11,711 |
| Total minted | 314,204 |
| Category | Tonnes | Grade | Ounces Au |
|---|---|---|---|
| Measured | 6,918,542 t | 0.82 g/t | 182,175 |
| Indicated | 21,536,578 t | 0.57 g/t | 391,908 |
| Inferred | 3,281,727 t | 0.56 g/t | 58,558 |
632,641 oz Au total (574,083 oz Measured + Indicated at 0.63 g/t, plus 58,558 oz Inferred), within the 5 patented claims NatGold is acquiring. Cut-off: 0.25 g/t Au, constrained in an optimized open-pit shell.
Operators in the estimate: Cyprus-Amax (1996–98), Kinross (1998–99), Premium Exploration (2009–14), Endomines (2019–22). Endomines mined underground 2019–22 (998 oz from 11,608 t) before suspension.
90 holes used in the resource estimate — 55 core + 35 reverse-circulation. Coarse native gold + electrum favorable for gravity; pit shell uses 85% metallurgical recovery.
RoyaltiesOn the 5 patented claims: 3% NSR Idaho Gold Corp. (capped US$1M), 1% NSR Del Steiner (capped US$1M), and a 2%→3% NSR (Premium).
A drilled California gold system moving through the NatGold tokenization pipeline.
247,498 tokens · live value
$686.5M247,498 tokens backed by 618,746 controlled Indicated ounces — the NatGold-controlled portion of a ~1.26M-oz Indicated estimate drilled under NI 43-101 (historical estimate).
| Category | Controlled oz | Ratio | Tokens |
|---|---|---|---|
| Indicatedhistorical | 618,746 | ×0.40 | 247,498 |
| Total minted | 247,498 |
| Category | Tonnes | Grade | Ounces Au |
|---|---|---|---|
| Indicatedhistorical | 82,114,000 t | 0.51 g/t | 1,261,000 |
| Inferredhistorical | 3,585,000 t | 0.72 g/t | 75,000 |
Book framing: ~1.26M oz Indicated gold across the deposit; NatGold controls 618,746 indicated ounces, which convert at the 0.40 Indicated ratio to 247,498 NatGold Tokens. Figures are from NI 43-101 historical estimates. Cut-off: NatGold Digital Mining Cutoff Grade 0.10 g/t (program standard).
Explored by Newmont, Homestake, Kennecott and Teras over multiple campaigns since 1988. More than $26 million spent proving the gold is there.
131 holes for 73,766 ft (22,484 m) by CGC-Teras / Teras (2011–17) — 116 RC + 15 diamond core — plus earlier Kennecott RC drilling (1993–96). Strike ~2.7 km, width 400–700 m.