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Nevada Exploration’s Infill Borehole Program Defines Large Carlin-type Gold Deposit Target at South Grass Valley on Cortez Trend
Mar. 15, 2018 09:00AM PST
Gold InvestingNevada Exploration (“NGE” or the “Company”) (TSX-V:NGE) (OTCQB:NVDEF) is very pleased to report that the results of its infill borehole program at the South Grass Valley Project have identified a 1,000 x 4,000 metre Carlin-type Gold Deposit (“CTGD”) target defined by a focused zone of enriched gold in groundwater coincident with the projected intersection of favourable …
Nevada Exploration (“NGE” or the “Company”) (TSX-V:NGE) (OTCQB:NVDEF) is very pleased to report that the results of its infill borehole program at the South Grass Valley Project have identified a 1,000 x 4,000 metre Carlin-type Gold Deposit (“CTGD”) target defined by a focused zone of enriched gold in groundwater coincident with the projected intersection of favourable lower-plate host rocks and a major high-angle fault corridor.
With strong support for mineralization along the projected fault corridor, NGE is preparing for a deeper drilling program to test for the structural controls of the potentially large system.
NGE’s 100 percent owned 22 km2 South Grass Valley Project is located at the southern end of Grass Valley, the covered valley immediately south of Barrick’s Cortez complex (Pipeline, Cortez Hills, and Goldrush), one of the world’s largest and lowest cost gold mines with annual production of approximately one million ounces.