Tag: NVX

Categories
Junior Mining Precious Metals

NV Gold Confirms Potential Extension of Gold Mineralization at Slumber Project

VANCOUVER, BC / ACCESSWIRE / November 30, 2021 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(Frankfurt:8NV) (“NV Gold” or the “Company“) has confirmed the correlation of a “low-resistivity zone” with known alteration and possible gold mineralization at its 100% controlled Slumber Gold Project (“Slumber”) located approximately 50 miles northwest of Winnemucca, Humboldt County, Nevada, USA.

The Q4-2021 drill program at Slumber has currently completed five RC (reverse circulation) drill holes totaling approximately 900 meters. The goal of this program is the confirmation of a reinterpreted geological model and correlation of alteration and possible gold mineralization with a low resistivity zone identified by last year’s CSAMT work (see press release September 7th, 2021). The initial holes appear to confirm this previously untested concept.

These initial holes have been visually encouraging, extending the zone of alteration by at least 500 meters to the north, while now demonstrating significant thickness as well (+150 m). All holes into the resistor zone have encountered highly-brecciated, silicified, hematitic rocks that remained in strong alteration at termination (see figure 1). Abundant groundwater has continued to be a depth-limiting factor for the RC equipment; therefore, the Company will limit the balance of this program to testing remaining shallower resistivity zones. Follow-up drilling will be dependent upon core rig availability. Initial analytical results from this program are expected to be received in mid to late January, depending upon laboratory constraints related to COVID and staffing.

“I am very pleased with these preliminary drilling results. This drilling campaign was designed to give Slumber an additional chance to move to a pre-discovery level. I am gratified to see these intensely silicified and brecciated rocks supporting the reinterpretation of the geological model. High grades would be a success, pointing towards a discovery. NV Gold will expand the geophysical coverage and utilize core drilling equipment to test the extensive and thick piles of mineralized silicified rock possibly containing high-grade sulfide feeders,”commented Thomas Klein VP Exploration NV Gold.

After the completion of the Slumber drilling the RC rig will be mobilized to NV Gold’s next encouraging project, Discovery Bay, located 50 kilometers south of Battle Mountain and 14 kilometers southeast of the McCoy-Cove property owned and currently under exploration by i-80 Gold Corp.

A picture containing piece, chocolate, meat, eatenDescription automatically generated
A picture containing piece, chocolate, meat, eatenDescription automatically generated

Figure 1: Intensely silicified and hematitic rhyolite breccia. (To view the full sized image, please click here.)

Near-Term Strategy and Outlook

The Company continues its focus on Nevada and the Great Basin, one of the largest and most productive gold provinces in the world. On a regional-scale, Nevada is thought by many to be a thoroughly explored gold province. Much of the near surface gold that has been found over the past 40 years has already been mined or is being mined today. To find significant new deposits, the successful explorer needs to employ modern, sensitive sampling and interpretive techniques and a willingness to drill. The breadth of experience of our staff and advisors gives us our advantage. Over 50% of Nevada is covered by recent basin sediments or volcanic cover, which often obscures the classic, visible expressions of mineralization. These covered areas are composed of the same rocks with the same temporal placement as the gold deposits found in the nearby ranges. There is a strong likelihood that other, similar-sized deposits await discovery! Significant discovery potential continues to remain in one of the preeminent gold provinces on Earth. The Company has a strong property position with over 20 projects, ranging from Greenfields to advanced “pre-discovery”. Our property portfolio covers a number of geologic environments and at varying levels of advancement. Holding costs for most of these properties are minimal, particularly those that are held as joint venture or lease-out possibilities.

It is our plan to drill 4-6 projects in the 12-18-month time horizon, providing a good news flow and multiple opportunities for success. We look forward to a productive and successful exploration season ahead.

About NV Gold Corporation

NV Gold (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) is a well-financed exploration company with ~80 million shares issued, a solid treasury and no debt. The Company is based in Vancouver, British Columbia, and Reno, Nevada and is focused on delivering value through mineral discoveries in Nevada, USA. Leveraging its expansive property portfolio, its highly experienced in-house technical team, and its extensive geological data library, 2021 and 2022 promise to be highly productive for NV Gold.

We seek safe harbor.

On behalf of the Board of Directors,

John E. Watson, President & CEO

For further information, visit the Company’s website at www.nvgoldcorp.com or contact:
Freeform Communications at 604.245.0054

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release includes certain forward-looking statements or information. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

SOURCE: NV Gold Corporation



View source version on accesswire.com:
https://www.accesswire.com/675194/NV-Gold-Confirms-Potential-Extension-of-Gold-Mineralization-at-Slumber-Project

Categories
Junior Mining Precious Metals

Drilling Commences at the Slumber Gold Project, Humboldt County, Nevada

VANCOUVER, BC / ACCESSWIRE / October 25, 2021 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) (“NV Gold” or the “Company“) is pleased to announce that drilling has commenced at the 100% controlled Slumber Gold Project (“Slumber”) located approximately 50 miles northwest of Winnemucca, Humboldt County, Nevada, USA. Drilling at Slumber will encompass up to 1,500 m in 6-8 RC drill holes.

“Drilling commenced today at the Slumber Gold Project, targeting a potential shallow oxide gold system that was newly identified in our late-2020 program.” commented John Watson, President and CEO of NV Gold. This marks the third phase of drilling at Slumber, with continuing progress on the property. The mineralization at Slumber is almost entirely obscured by gravel cover, making exploration challenging. This drilling marks the beginning of a multi-project drilling campaign, expected to continue through Q4 and perhaps into Q2-2022. For additional information on the Slumber program plans, please refer to the Company’s press release dated 9-7-2021.

“NV Gold is entering a new stage of exploration where discoveries will be built on the foundation of a strong and aggressive Project Execution Pipeline. The new strategy of turning our focus away from the over-explored and drilled-tested mountain ranges and “trends” towards the pediment and obscured, undercover targets will pave the Company’s pathway to discovery,” commented Thomas Klein VP Exploration.

On behalf of the Board of Directors,

John E. Watson
President & CEO

For further information, visit the Company’s website at www.nvgoldcorp.com or contact:
Freeform Communications at 604.245.0054

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements
This news release includes certain forward-looking statements or information. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

SOURCE: NV Gold Corporation

NV Gold Corporation

NV Gold CorporationRequest Changes Approve

888.952.4446
Sales
Editorial
Content licensing
Copyright 2021 © ACCESSWIRE. All rights reserved. Privacy Policy  |   Terms and Conditions

Categories
Junior Mining Precious Metals

NV Gold Corporation Announces Updates on Five Active Projects in Nevada, USA

VANCOUVER, BC / ACCESSWIRE / October 7, 2021 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) (“NV Gold” or the “Company“) is pleased to announce that the Company has completed 3 Notices of Intent (NOI) to commence drilling at its 100% owned Slumber, Discovery Bay and Pickhandle projects in north-central Nevada, USA. The Company also reports that a 2D seismic survey has been completed at its optioned SW Pipe Project located along the Cortez Gold Belt approximately 6 km southwest of the Pipeline Gold Complex operated by Nevada Gold Mines.

Upcoming Plans:

  • The upcoming Slumber drill program is designed to determine the extent of additional near-surface oxide-mineralization at its north-central Nevada (see Figure 1) project. The 6-8 drill program is expected to commence later this month.
  • The Discovery Bay Project is located approximately 15 km southeast of the Cove-McCoy gold deposits in Lander County, Nevada (see Figure 1) controlled by I-80 Gold Corp. This North-South structural zone, also known as the “Rabbit Suture”, hosts other significant gold deposits such as Turquoise Ridge, Twin Creeks as well as the Fortitude, Phoenix and Lone Tree Mines. Drilling of a four-hole recon program is expected to commence in November.
  • The Pickhandle Project is located at the structural intersection of the Rabbit Suture (Hwy 305) and the Crescent Valley Fault Zone (see Figure 1). Pickhandle is located 25 kilometers south of the Discovery Bay Project. The 3-4-hole drilling program is anticipated to begin in December.
  • The recently announced IP/Resistivity program at the Sandy Project has added a highly compelling target that will likely be drilled in Q1 2022. See news release on 9/28/2021.
  • At the SW Pipe, a 2D Seismic survey was recently completed by the optionee to determine depth to Carlin-type host lithologies and structural drill targets (see Figure 2). Drilling at SW Pipe is scheduled for mid-2022 depending on core rig availability.

Our projects are pushing forward, and I am more than pleased to have our drill contract in place, equipment committed and permits in-hand. NV Gold has high-quality projects with excellent discovery potential that can now be drill-tested. Besides Slumber, Discovery Bay and Pickhandle, there are several more projects entering the project pipeline. These projects are moving toward permitting, fulfilling our goal of drill-testing multiple, high-potential projects within the next 18 months to deliver value to our shareholders,” commented Thomas Klein, VP Exploration of NV Gold.

Figure 1: NV Gold’s projects with NOIs in place and location of SW Pipe with 2D Seismic completed.

Figure 2: 2D Seismic equipment at SW Pipe with Cortez mines in the background.

On behalf of the Board of Directors,

John E. Watson
President & CEO

For further information, visit the Company’s website at www.nvgoldcorp.com or contact: Freeform Communications Inc. at 604.245.0054

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the extent and timing of the Company’s planned exploration activities, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

SOURCE: NV Gold Corporation

Categories
Junior Mining Precious Metals Uncategorized

NV Gold Completed Induced Polarization (IP) Survey at Sandy; Chargeability and Resistivity Targets Identified

VANCOUVER, BC / ACCESSWIRE / September 28, 2021 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) (“NV Gold” or the “Company“) is pleased to announce that the Company has completed its IP Survey at its 100% owned Sandy Gold Project (“Sandy”), located within the Walker Lane, Lyon County, Nevada, USA. The Company’s objective was to delineate sulfide concentrations via the chargeability and lithologies / alteration via the resistivity (see Figure 1). The IP Survey results have led to the Company identifying various untested, potentially altered, and mineralized new targets to be drill-tested 1st Q of 2022.

Figure 1 – IP Lines over topography and 2021 drill hole locations. (Note that IP Lines in blue color were used to present the interpreted IP targets)

Previously announced Highlights

  • The Company completed its expanded program of 17 RC drill holes totaling 3,811 m (12,505 ft) in 1st Q of 2021.
  • The “maiden” RC (Reverse Circulation) drilling has encountered a large epithermal gold system. The alteration footprint at the surface has a strike length of 2.4 kilometers and a width of half a kilometer.
  • A surface rock chip sampling program completed at the Sandy Gold Project yielded positive gold values from anomalous to high grade. Of note, three samples yielded 11.3 g/t Au and 11.6 g/t Ag, 11.5 g/t Au and 14.1 g/t Ag, and 18.1 g/t Au and 43.2 g/t Ag.
  • All seventeen RC holes drilled intercepted anomalous gold and strong trace element geochemistry. Twelve holes were above a threshold of >3 meters @ >0.1 g/t Au. The best intercept was 22.9 meters @ 0.65 g/t Au from 29 meters to 51.9 meters (including 6.1 meters of 1.58 g/t Au at 38.1 meters) in SD-2 (see to Figure 1-3).
  • A Leapfrog model including all surface geochemistry and drill assays was completed 2nd Q of 2021; the model showed open, NW-plunging gold mineralization and trace-element geochemistry towards the newly “IP-interpreted” target zones (refer to press release June 23rd, 2021).

CONCLUSIONS AND NEXT STEPS

The IP survey delineates lithologies, structures and alteration over two specific areas within the Sandy property. Numerous areas of sulfide concentration are also interpreted, which do not exhibit strong lithologic controls, but locations of hydrothermal alteration proximal to feeder structures. Vein responses are noted on Lines 4 through 6, and 18 and 19 along a prominent structural zone traversing the southwest and northeast borders of both survey blocks. This zone also correlates with moderate to high chargeability anomalies (see Figure 2 & 3). A low resistivity feeder to the silica cap on Line 18 is also interpreted (see Figure 4). Drill testing of the various targets will be conducted 1st Q of 2022 following a complete technical review to include integration of the IP results with all other of the property data.

“Previously stated conclusions of Leapfrog modeling combined with the recent results and interpretations of the Induced Polarization (IP) Survey strongly support the presence of a mineralized epithermal gold system at Sandy! The 2021 “maiden” RC (reverse circulation) drilling program did not intersect any of the new targets, neither underneath the Southwestern Clay Cap nor below the Northeastern Silica Cap. However, given the fact that most of our RC holes returned “system-indicating” gold values suggests strong potential for higher grade gold when targeting the overlapping resistor and chargeability anomalies. Having chargeability numbers up to 47 msec is very indicative for elevated sulfide occurrences which could represent a sulfide halo adjacent to mineralized quartz-veins. I am excited to evaluate the new anomalies and target interpretations of the Southwest Clay Cap and Northeast Silica Cap in our 2nd Phase drilling campaign in 1st Q of 2022″,stated Thomas Klein, VP Exploration, NV Gold.

Figure 2 – Induced Polarization Survey: Inverted Chargeability and Resistivity Sections of Line 5. SD-2 which returned 22.9 meters @ 0.65 g/t Au starting at 29 meters appears to be drilled distal to the main chargeability and resistivity anomalies. (Note that drill holes are located in between IP Line 5 & 6 (refer to Figure 1)).

Figure 3 – Induced Polarization Survey: Inverted Chargeability and Resistivity Sections of Line 6. SD-2 which returned 22.9 meters @ 0.65 g/t Au starting at 29 meters appears to be drilled distal to the main chargeability and resistivity anomalies. (Note that drill holes are located in between IP Line 5 & 6 (refer to Figure 1)).

Figure 4 – Induced Polarization Survey: Inverted Chargeability and Resistivity Sections of Line 18. Note there was no drilling performed on this section (refer to Figure 1).

On behalf of the Board of Directors,

John E. Watson
President & CEO

For further information, visit the Company’s website at www.nvgoldcorp.com or contact Freeform Communications at (604) 245-0054.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the extent and timing of the Company’s planned exploration activities, the interpretation of the IP Survey results as indicating areas of alteration, sulphides or vein or feeder structures and the potential of these to host elevated gold system and the dimensions of the strike length and width are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

SOURCE: NV Gold Corporation



View source version on accesswire.com:
https://www.accesswire.com/665793/NV-Gold-Completed-Induced-Polarization-IP-Survey-at-Sandy-Chargeability-and-Resistivity-Targets-Identified

Categories
Junior Mining Precious Metals

NV Gold Secures Drill Contract

VANCOUVER, BC / ACCESSWIRE / September 16, 2021 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(Frankfurt:8NV) (“NV Gold” or the “Company“) is pleased to announce that Drill NV Inc., based in Dayton, Nevada has been contracted by the Company to provide up to 6,000 meters of reverse circulation (RC) drilling for the Company.

Drilling is expected to commence in October and will initially focus on the Slumber Project followed up with programs at the Discovery Bay Project and then onto the Pickhandle Project.

“Our goal for the upcoming drill program at Slumber will be identifying the higher-grade pathways of gold mineralization. These holes will focus on the north-plunging and open resistor zones that have been identified by geophysics and previous drilling. Phase 1 drilling programs at both Discovery Bay and Pickhandle projects will commence after drilling at the Slumber project is completed”. Stated CEO and President of NV Gold, John Watson.

On behalf of the Board of Directors,

John E. Watson
President & CEO

For further information, visit the Company’s website at www.nvgoldcorp.com or contact:
Freeform Communications at 604.245.0054

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company’s planned exploration activities, the interpretation of the resistive blanket as having come from higher grade feeder structures and a continuation of the gold system identified in the UVP, the appearance that previous drilling only peripherally intercepted the southwestern edges of two much larger, potentially mineralized resistor zones, the interpretations of the mapping exercise and the dimensions of the strike length and width are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, the lack of continuity of mineralization, the extent to which mineralized structures extend on to the Company’s Projects and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

SOURCE: NV Gold Corporation