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Junior Mining NV Gold Corporation 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

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NV Gold Corporation Precious Metals Uncategorized

NV Gold Identifies Near-Surface Oxide Gold at Slumber High-Grade Targets Remain Untested at Depth

VANCOUVER, BC / ACCESSWIRE / September 7, 2021 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) (Frankfurt:8NV) (“NV Gold” or the “Company“) has completed detailed mapping and Leapfrog modeling at its 100% controlled Slumber Gold Project (“Slumber”) located approximately 50 miles northwest of Winnemucca, Humboldt County, Nevada, USA. Permitting a 3rd drilling campaign and negotiations to secure adequate drilling equipment are underway. Drilling is expected to commence in October 2021.

Key Highlights from previous Drilling Program at Slumber Gold Project

  • Two drilling campaigns were completed in 2019/20 comprising 16 reverse circulation (“RC”) drill holes, totaling 2,474 m (8,119 ft.).
  • Drilling has outlined a new 600-meter-wide, near-surface mineralized oxide gold zone with notable drill intercepts, including a very encouraging 18.3 m @ 0.52 g/t Au beginning at 48.7 m in Hole SL-11, hosted in an oxidized and silicified rhyolite correlating with a resistive blanket as seen in controlled sourced audio frequency magnetotellurics (CSAMT) data (see Figure 3 & 4). Another hole, SL-14, intersected 134.2m @ 0.14 g/t Au starting from the collar and was terminated in gold mineralization.
  • This newly discovered zone is separate from that discovered during the 2019 drill program and will be prioritized for follow up in a Phase 3 drilling campaign in Q4 2021.
  • The source of the mineralized CSAMT resistive blanket is believed to come from higher grade feeder structures at depth (see Figures 1, 2 & 6).

Mapping and Leapfrog Modeling Conclusions

Mapping has identified extensive alteration favorable for gold mineralization in Upper Volcanic Package (UVP) rocks (Trf & Trt in Figure 1) further north of the gold zone defined by previous drilling. These findings are encouraging, suggesting the system is continuous and may be covered by unaltered flow-banded rhyolite domes (Tr in Figure 1) and Quaternary (Qoa) material.

Rhyolite breccias (tuff breccias and phreatomagmatic breccias of Trf) that were not identified in previous drilling were discovered during detailed mapping of the northern portion of the property. This mapping and specific rock textures and breccia descriptions were used as vectors to the feeder for the system. The feeder target is interpreted, based on the location of a large resistor and open gold mineralization, to be located in the northwest portion of the southern NVX claim block (see Figure 1, 4, 5 & 6).

Structural and geophysical observations indicate the UVP is bounded by graben structures and dips to the north, consistent with the extent of the CSAMT resistor blanket being open to the north (see Figure 4). This resistor anomaly is interpreted as a continuation of the gold system identified in the UVP from previous drilling and will be the main target for the next phase of drilling expected to commence in October (see Figure 1 & 4).

A recently completed three dimensional model completed in Leapfrog software was used to determine the gold volume encountered in the 2019/20 drilling campaigns. Comparing the gold distribution with the reinterpreted geological information it appears that previous drilling might have only peripherally intercepted the southwestern edges of two much larger, potentially mineralized CSMT resistor zones. Combining the known geology with the new mapping and Leapfrog modeling the silicified and mineralized system appears to have a strike-length of at least 1 kilometer and a width of 600 meters and correlates well with two open and north-plunging resistor zones (see Figure 4 & 5). The next drilling campaign will focus on this near-surface oxide and has potential to push Slumber towards a discovery stage.

“I am pleased and extremely excited about the outcome of the recent Slumber mapping and Leapfrog modeling. Slumber is advancing through comprehensive data collection and modeling. Encountering an open, near-surface oxide gold zone is very encouraging. The goal of the Q4 drilling will be to find the source and higher-grade pathways of this gold mineralization. These holes will focus on the north-plunging and open resistor zones. The geochemistry data as imaged in Leapfrog modeling is very impressive and strongly supportive of our goal of delineating an oxide gold resource during 2022 and to advance Slumber to a discovery stage.”commented Thomas Klein, VP Exploration of NV Gold.

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.

Figure 1 – Geologic map of the Slumber Gold Project in Humboldt County, Nevada. Drill holes from 2019 and 2020 are plotted. Only SL-09, SL-02 and SL-14 are projected on the cross-section A-A’ (Figure 2). SL21-1,2 & 3 are planned for Q4 Program (To view the full-size image, please click here)

Figure 2 – Cross section of A to A’. The volcanic vent and potential feeder of the Slumber gold system is interpreted on the north end of the property. (SL-2 and SL-14 showing anomalous gold values) (To view the full-size image, please click here)

Figure 3 – Newly Discovered Resistor / Interpreted Near-Surface Oxide Gold Mineralization (To view the full-size image, please click here)

Figure 4 – CSAMT depth slices at different elevation levels with plotted 2010/20 drill holes and recently permitted new drill locations (pink). The blue colors represent resistive rocks versus conductive rocks in red. (To view the full-size image, please click here)

Figure 5 – Leapfrog modeling is showing north-plunging, open Au-mineralization, and trace-element geochemistry (To view the full-size image, please click here)

Figure 6 – Slumber Target with Hg overlay (To view the full-size image, please click here)

SOURCE: NV Gold Corporation



View source version on accesswire.com:
https://www.accesswire.com/662923/NV-Gold-Identifies-Near-Surface-Oxide-Gold-at-Slumber-High-Grade-Targets-Remain-Untested-at-Depth

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Junior Mining NV Gold Corporation Precious Metals

NV Gold Corp – Progress Update Q3 and Q4, 2021

VANCOUVER, BC / ACCESSWIRE / August 23, 2021 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) (“NV Gold” or the “Company”) The Company announced today an update on its active projects in Nevada, USA.

Slumber Gold Project, Humboldt County, Nevada

Our Q4, 2020 drill program at Slumber expanded the margins of known mineralization from previous work. Additional geophysics (CSAMT) followed by detailed mapping and sampling have advanced and enlarged our target interpretation which will focus the placement of the next round of drilling, anticipated in Q4, 2021. Details of the recent work will be outlined in a separate press release.

Sandy Gold Project, Lyon County, Nevada

Our maiden drilling at the Sandy Project in Q1, 2021 returned successful results, even though no high-grade intercepts were encountered. A large volume of gold mineralization was outlined, covering a strike length of 2 kilometers and a width of up to 500 meters. Water and equipment limitations kept the drilling depths to 300 meters.

Narrow gold-quartz-pyrite veining was encountered in most of the 17 holes drilled, suggesting a deeper target or targets may be present. A follow-up IP-Resistivity geophysical program is set to initiate within the next 2 weeks. Additional details of the planned geophysical work will be outlined in a separate press release. Depending upon availability of drilling equipment, the next drill program at Sandy is likely to be scheduled in Q1, 2022.

Discovery Bay Gold Project, Lander County, Nevada

The Discovery Bay Project is located less than 10 miles southeast of the (previously producing) Cove McCoy Mine in Lander County. The target area is a kilometer long, elongate window of Triassic Osobb Mountain Quartzite and Cane Springs Limestone (host rocks at McCoy), and other underlying favorable host lithologies. Most of the target(s) is covered by thin layers of Tertiary volcanics (Basal Tuffs) and Quaternary rocks.

NVX has expanded its claim position in preparation for a 4-6-hole initial RC program, expected to commence in early Q4 2021.

Pickhandle Project, Lander County, Nevada

NV Gold plans a Phase 1 exploration program during Q4 2021 leading to a potential RC drilling program, in Q1 2022, to be focused on exploring a small window of Permian Antler Sequences, hosting anomalous jasperoids and mineralized dikes. Like the “Lone Tree Gold Mine Model” the target is mostly covered and extends underneath Tertiary volcanic cover and into the pediment. There is no historical drilling at Pickhandle, and it represents a “virgin” opportunity for a Nevada discovery!

Spanish Canyon Project, Nye County, Nevada

NV Gold plans a Phase 1 reconnaissance program during Q4 2021. The project is a “Carlin-type” disseminated gold-silver system hosted in the calcareous sediments of the Triassic Luning and Sunrise Formations. The area is characterized by multiple stages of faulting, replacement silicification, hydrothermal and tectonic breccia bodies and argillic-decalcification alteration of carbonates over a 4 square-kilometer area.

Although there has been no historical drilling at Spanish Canyon, the project is an exciting prospect owing to its numerous mineralized jasperoid zones in an area up to a kilometer long and contains previous outcrop sampling that assayed up to 2.5 g/t Au and over 1,000 ppm As.

Spanish Canyon represents an untested gold system, with bulk mineable potential, which is situated in favorable geologic and geographic environments. Drill targets have been identified and include a large basin pediment area, range front structural zone, with mineralization exposed in the outcrops along the low lying hills of the range. A maiden drilling program could be initiated in Q1 or Q2, 2022.

The 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 techniques combined with regional-scale structural interpretation and a willingness to drill, drill, 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 remains 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 will be NV Gold’s busiest exploration year in its corporate history.

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:

Phone: 1-303-674-9400
Email: john@nvgoldcorp.com

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 potential for a discovery at its properties, and acquisition of new gold projects 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 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 as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

SOURCE: NV Gold Corporation

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Junior Mining Precious Metals

NV Gold Appoints Thomas Klein as Vice President of Exploration


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Corporate Presentation

“I am extremely pleased to appoint Thomas to NV Gold’s executive management team as Vice President of Exploration, after assisting the Company as Exploration Manager over the past year,” commented Peter A. Ball, President & CEO of NV Gold. “Thomas’ passion and energy for mineral discovery is amazing to be part of every day and will be the cornerstone in preparing NV Gold for an exciting 2021 and beyond. Leveraging his extensive experience, relationships and knowledge of Nevada exploration strengthens NV Gold’s team, and further improves our opportunity for a significant discovery for our shareholders and will play a key role in advancing our promising mineral property portfolio. In addition, I would also like to welcome Catherine Samson to our geological team in Nevada, who brings a solid depth of knowledge and energy from her most recent roles with Nevada Gold Mines on the Carlin Trend, and Millrock Exploration Corporation in Alaska.”

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

Peter A. Ball, President & CEO
Phone: 1-888-363-9883 
Email: peter@nvgoldcorp.com