Precious Metals

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") is pleased to announce that it has entered into a Lease Agreement (the "Agreement") with Mountain Gold Claims, LLC (the "Vendor"), providing NV Gold the right to lease an undivided 100% right, title and interest in the Spanish Canyon Gold Project in Nye County, Nevada ("Spanish Canyon

"Spanish Canyon is an exceptional property that is an advanced and drill ready gold project that the Company will look to explore in 2021. We continue to build strong relationships and partnerships with some of the most well-known explorers in Nevada to create the opportunity for a gold discovery," commented Peter A. Ball, President and CEO of NV Gold. "I'm excited to work with Tom Callicrate from Mountain Gold Claims, who brings over 35 years of Nevada mineral exploration experience. Our technical team is focused on drill testing several high-priority projects in 2021 to advance each target to a secondary decision point as quickly and cost-effectively as possible."

About the Spanish Canyon Gold Project

  • The Spanish Canyon Gold Project is located in the Ione Valley, Nye County, approximately 100 kilometers northwest of Tonopah, Nevada (refer to Figure 1).
  • The project is a "Carlin-type" strata-bound and structurally-controlled, 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.
  • This never-drill-tested project is unique for its several mineralized jasperoid zones in an area up to a kilometer long and contains previous sampling that assayed up to 2 g/t Au and over 1,000 ppm As (refer to Figure 2 and 3).
  • The project represents an untested gold system, with bulk mineable potential, that 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.

Figure 1: Spanish Canyon Gold Project General Location Map

Figure 2: Spanish Canyon Gold Project Geology, Alteration & Target Map

Figure 3: Spanish Canyon Gold Project Jasperoids in the Low Hills

"I am pleased that Mountain Gold Claims, LLC, controlled by Tom Callicrate, has chosen NV Gold as the best company to work with to advance his Spanish Canyon gold project. I have known Tom for many years, and I believe strongly in his prospecting capabilities, and instinct to find gold. Spanish Canyon is extremely interesting for its strategic location at the collision zone of the Walker Lane Structural Corridor with Carlin-type Settings. This enormous, never-drill-tested, alteration and gold-anomalous zone hosts great opportunities for discovery",stated Thomas Klein, Exploration Manager, NV Gold.

NV Gold notes that there is no guarantee that the historical results are representative and cannot guarantee that the Company will be able to duplicate the results with future exploration programs. NV Gold's management team does not view the Spanish Canyon project as material to the Company at this time.

About NV Gold Corporation

NV Gold (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) is a well-financed exploration company with ~77 million shares issued, close to $4.5M in its 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,

Peter A. Ball

President & CEO

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

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 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



View source version on accesswire.com:
https://www.accesswire.com/651212/NV-Gold-Announces-Lease-of-Drill-Ready-Spanish-Canyon-Gold-Project-in-Nevada

News Provided by ACCESSWIRE via QuoteMedia

NV Gold

NV Gold


Keep reading...Show less

Yamana Gold Provides Notice of Second Quarter 2022 Results

YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:AUY) ("Yamana" or "the Company") will release its second quarter 2022 operational and financial results after the market closes on Thursday, July 28, 2022, Eastern Daylight Time ("EDT"). The Company will then host a conference call and webcast to review the results on Friday, July 29, 2022 at 9:00 a.m. EDT.

The Company also plans to provide a pre-release of production for the second quarter with a further update on certain optimizations and project advancements on or around Thursday, July 7, 2022.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
gold coins and us money

VIDEO — Will Rhind: Upside Favors Gold; Strong US Dollar Checking Gains for Now

Will Rhind: Upside Favors Gold; Strong US Dollar Checking Gains for Nowyoutu.be

Strength in the US dollar is keeping the gold price in check right now, but that won't last forever.

Speaking to the Investing News Network, Will Rhind, CEO of GraniteShares, said the yellow metal is in a good position given market conditions and looks set to strengthen moving forward.

"(Gold has) really managed to shrug off a lot of the negatives around rising rates and a strong dollar, and I think people have got to ask themselves, 'How much more can the dollar strengthen from here? ... Realistically is there more upside for the dollar here, or for gold?' I think clearly I'm in the camp of favoring gold on that one," he said.

Keep reading...Show less
12 Largest Producers of Gold by Country (Updated 2022)

12 Largest Producers of Gold by Country (Updated 2022)

The gold price has tracked higher in the past few years, sparking interest in the biggest producers.

The precious metal’s price gains have come along with the uncertainty born from the global economic impact of the COVID-19 outbreak, as well as geopolitical turmoil.

These circumstances have left investors seeking safe-haven assets like gold. So far gold production levels have seemed to defy pandemic disruptions, but rising inflation is likely to push up costs for miners.

Keep reading...Show less

AGNICO EAGLE PROVIDES NOTICE OF RELEASE OF SECOND QUARTER 2022 RESULTS AND CONFERENCE CALL

Stock Symbol: AEM (NYSE and TSX)

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (" Agnico Eagle " or the " Company ") today announced that it will release its second quarter 2022 results on Wednesday, July 27, 2022 after normal trading hours.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
gold bars

VIDEO — Kal Kotecha: Gold Price Holding Up Well, Time to Watch for Buying Opportunities

Kal Kotecha: Gold Price Holding Up Well, Time to Watch for Buying Opportunitiesyoutu.be

Gold's performance has disappointed some market participants this year, but according to Dr. Kal Kotecha of Junior Gold Report, the yellow metal is holding up well compared to other assets.

Speaking at the Prospectors & Developers Association of Canada (PDAC) convention, Kotecha said that looking back over the last 20 years, gold has outperformed major indexes like the S&P 500 (INDEXDJX:.DJI).

"A lot of people want to see gold at US$5,000 and US$10,000 (per ounce), kind of like how bitcoin rose quite a bit. But gold is a different beast in itself," he said. "So in my opinion gold is doing well."

Keep reading...Show less

Kinross provides update on Great Bear project and U.S. projects

(All dollar amounts are expressed in U.S. dollars, unless otherwise noted.)

Kinross Gold Corporation (TSX:K; NYSE:KGC) ("Kinross" or the "Company") is pleased to provide an update on its Red Lake, Ontario-based Great Bear project, as well as its Manh Choh project in Alaska and Curlew exploration project in Washington State.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×