Precious Metals

Nevada Exploration (“NGE” or the “Company”) (TSX-V:NGE) (OTCQB:NVDEF) is pleased to report that the results of the Company’s Scorpion drill program have confirmed that the hydrothermal system that was active at Kelly Creek is gold-bearing over larger areas than previously known, with discrete zones of enriched gold in groundwater anchored to at least two clusters …

Nevada Exploration (“NGE” or the “Company”) (TSX-V:NGE) (OTCQB:NVDEF) is pleased to report that the results of the Company’s Scorpion drill program have confirmed that the hydrothermal system that was active at Kelly Creek is gold-bearing over larger areas than previously known, with discrete zones of enriched gold in groundwater anchored to at least two clusters of >0.1 g/t gold in bedrock covering areas consistent in size with the geochemical footprints of the nearest major gold deposits, Lone Tree (5 Moz) and Marigold (8 Mozs).
When combined with the results of earlier drilling, NGE’s updated geologic model suggests that the gold-bearing hydrothermal system at Kelly Creek is likely the extension of the system responsible for Lone Tree and Marigold, and is of a size to support major additional mineralization.
Summarizing the results, Wade Hodges, CEO:

“We have specifically built an exploration program to look for large gold deposits. Being the first to open-up Nevada’s covered basins to systematic gold exploration, we are not looking for one to two million ounce deposits, we are on the hunt for five to ten million ounce deposits, and bigger.
Big deposits are the product of big mineralized systems, which create big footprints, and so that is what we are exploring for.”

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