NV Gold Corporation Reports Positive Drill Results from Triple T Gold Project

NV Gold Corporation Reports Positive Drill Results from Triple T Gold Project

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") is pleased to report assay results from the recently completed Reverse Circulation (RC) Drill Program carried out at its 100%-owned Triple T Gold Project located in the Humboldt Range, Nevada. The Project is situated 7 kilometers east of the Rochester silver-gold operation and 42 kilometers southeast of the Florida Canyon Gold Mine (see Figure 1

The program consists of 14 shallow RC drill holes totaling 719.3 meters in the northern-most of the three target areas. Almost all drill holes intersected one or more, near-surface mineralized quartz veins with up to 4.57 m averaging 2.40 g/t Au in TT-9 and 9.14 m averaging 1.39 g/t Au in hole TT-11 (see Figure 2). The recent drilling and mapping program has confirmed the presence of a regional low-angle thrust plane (shear zone) controlling the Triple T gold mineralization over a strike length of up to 5 kilometers and possibly further on under cover rocks. The North Target area now measures 250 by 400 meters and remains open north and south as well as down-dip to the east (see Figures 3 & 4). With the confirmation that gold mineralization is expanding underneath the carbonate unit to the east (Upper Limestone), NV Gold is planning geophysical (Induced Polarization (IP)) investigations to reveal potentially larger erosion-protected targets along this promising structural gold-corridor.

NV Gold Corporation, Monday, August 21, 2023, Press release picture
Figure 1: Triple T Gold Project General Location Map

NV Gold Corporation, Monday, August 21, 2023, Press release picture
Figure 2: Triple T Oxide Mineralization and 2023 Drill Intercepts (cut-off>0.1 g/t Au)

NV Gold Corporation, Monday, August 21, 2023, Press release picture
Figure 3: Triple T Lithology and Sampling

NV Gold Corporation, Monday, August 21, 2023, Press release picture
Figure 4: Triple T Conceptual Targets

John Watson, Chairman of NVX, stated:

"Our recent successful drilling at Triple T, combined with detailed geologic mapping and structural interpretation has illuminated new targets and expanded dimensions for this project. Recent sampling of numerous outcropping quartz veins north of the drilling area has the potential to enlarge the mineralized zone even further. We are very pleased with the results of the program and are excited about the potential of the project going forward."

John R. Kerr, P.Eng. is a Qualified Person within the meaning of National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.

Quality Assurance, Quality Control ("QA/QC") and Sample Analysis

The Company has implemented a quality control program to ensure best practices in sampling and analysis of the chip samples. The chips of the entire hole are collected at the drill site, logged and split into an eighth sample using a rotating sample splitter. The eighth sample is then securely shipped to the ALS Global Laboratory in Elko, Nevada. During sample collection and assaying, there is an established QC procedure using standards, and blanks inserting each at 30m intervals in each hole.

At the laboratory, samples are crushed and pulverized in preparation for analysis. The samples are analyzed for gold using fire assay with AA finish.

About NV Gold Corporation

NV Gold Corporation is based in Vancouver, British Columbia, and Reno, Nevada and is focused on delivering value through its gold exploration efforts in Nevada, USA and by leveraging its expansive property portfolio.

On behalf of the Board of Directors,

John Watson, Chairman and Interim CEO
303.884.6909

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 Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation and statements that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company and include, without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the potential quantity and grade of mineral resources identified in the Exploration Target and the Company's current expectations regarding future exploration and development plans. Risks and uncertainties may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information or forward-looking statements that are contained or referenced herein, except as may be required in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice regarding forward-looking information and statements.

SOURCE:NV Gold Corporation



View source version on accesswire.com:
https://www.accesswire.com/775485/NV-Gold-Corporation-Reports-Positive-Drill-Results-from-Triple-T-Gold-Project

News Provided by ACCESSWIRE via QuoteMedia

NVX:CA
The Conversation (0)
NV Gold Announces Amended Triple T Property Lease Agreement

NV Gold Announces Amended Triple T Property Lease Agreement

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") announces that the Company has reached an agreement (the "Amendment") to amend the terms of the exploration and mining lease agreement dated June 21, 2021 between the Company's wholly-owned subsidiary, NV Gold Corporation (USA), Inc. ("NV Gold USA") and the owners of the Triple T property, pursuant to which the Company has the exclusive right to explore on and evaluate the Triple T Property in Pershing County, Nevada (the "Agreement"). Pursuant to the Amendment, the Company has agreed to issue an aggregate of 100,000 common shares of the Company (the "Payment Shares") at a price of C$0.30 per Payment Share to settle an annual payment of US$30,000 payable by NV Gold USA under the Agreement

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
NV Gold Corporation Reports Strong Surface Samples, 5440 g/t Ag and 1.26% Cu, and 14.4 g/t Au at Root Spring Project in Nevada

NV Gold Corporation Reports Strong Surface Samples, 5440 g/t Ag and 1.26% Cu, and 14.4 g/t Au at Root Spring Project in Nevada

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") is pleased to report promising gold, silver, and copper values from rock chip sampling at its 100%-owned Root Spring Gold Project in Pershing County, Nevada. Two new samples with up to 14.4 gt gold (0.463 ounces per ton (opt)) accompanied by high silver values reaching 5440 gt (175 opt) and 1.26% copper These samples eclipse the historical high-grade samples and the Company plans to reevaluate the Property for a potentially larger and higher-grade target

John Watson, Interim CEO commented, "These recent encouraging samples were collected in one of the limited bedrock exposures on the property. They clearly support the strength of a strong precious metals system and encourage additional exploration of the property. The Company is evaluating the possibility of a genetic link to our nearby Triple T project."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
NV Gold Announces Secured Loan Terms

NV Gold Announces Secured Loan Terms

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") announces that that it has entered into (i) a secured loan agreement with John Watson (the "Lender") pursuant to which the Lender provided a loan to the Company in the principal amount of US$50,000 (the "Secured Loan") and (ii) a share pledge agreement with the Lender, which secures an aggregate principal amount of US$400,000 in loans provided to the Company by the Lender to date, as described herein

The Company previously entered into loan agreements with the Lender on June 26, 2023, July 10, 2023, September 18, 2023 and January 22, 2024, pursuant to which the Lender provided the Company with loans in the aggregate principal amount of US$350,000 (the "Prior Loans" and together with the Secured Loan, the "Loans").

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
NV Gold Announces Effective Date of Share Consolidation

NV Gold Announces Effective Date of Share Consolidation

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") announces that, further to the Company's press release on February 13, 2024, it is proceeding with a consolidation of the issued and outstanding common shares of the Company (the "Shares") on the basis of (1) post-consolidated Share for every ten (10) pre-consolidated Shares (the "Consolidation"). No fractional shares will be issued as any fractional share will be rounded to the nearest whole number. The new CUSIP number will be 67090W307 and the new ISIN number will be CA67090W3075. The Company's name and stock symbol will remain unchanged following the Consolidation

The Consolidation will be effective at the opening of markets on February 28, 2024. As a result of the Consolidation, the 88,745,454 Shares which are currently issued and outstanding will be reduced to approximately 8,874,545 Shares, subject to rounding. The Consolidation is subject to final confirmation by the TSX Venture Exchange.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
NV Gold To Consolidate Common Shares

NV Gold To Consolidate Common Shares

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") announces that it intends to consolidate of all of the issued and outstanding common shares of the Company (the "Shares") on the basis of one (1) post-consolidated Share for every ten (10) pre-consolidated Shares held (the "Consolidation"), subject to approval of the TSX Venture Exchange (the "Exchange

The effective date of the Consolidation will be announced in a separate news release once the Company receives approval from the Exchange. As a result of the Consolidation, it is expected that the 88,745,454 Shares which are currently issued and outstanding will be reduced to approximately 8,874,545 Shares, subject to rounding. No fractional Shares will be issued as a result of the Consolidation. Any fractional share interest of 0.5 or higher arising from the Consolidation will be rounded up to one whole Share, and any fractional share interest of less than 0.5 will be cancelled. The Company's name and stock symbols will remain unchanged following the Consolidation.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Warriedar Resources

Quarterly Activities Report for the Period Ended 30 June 2024

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to report on its activities for the quarter ended 30 June 2024.

Keep reading...Show less
Spartan Resources

Development Contract for Underground Exploration Drill Drive Awarded to Barminco

New drill drive to provide underground drill platforms to in-fill and extend existing deposits and identify new high-grade shoots

Spartan Resources Limited (“Spartan” or “Company”) (ASX: SPR) is pleased to announce that it has awarded the contract for the development of an underground exploration drill drive at its 100%-owned Dalgaranga Gold Project (“DGP”), located in the Murchison region of Western Australia, to specialist underground mining services contractor, Barminco Limited, a wholly owned subsidiary of the ASX-listed global diversified mining services company Perenti Limited (ASX: PRN).

Keep reading...Show less
Aurum Resources

Boundiali Preliminary Metallurgical Test Work Delivers Gold Recoveries up to 99%

Aurum Resources Limited (ASX:AUE) (Aurum) is pleased to announce outstanding results from initial metallurgical testing at the BD Target 1 (BDT1) prospect at its Boundiali Gold Project in Côte d'Ivoire, West Africa.
Keep reading...Show less
Aurum Resources (ASX:AUE)

Aurum Resources


Keep reading...Show less
Brien Lundin, gold bars.

Brien Lundin: Gold to be Last Asset Standing, Price Outlook for End of Cycle

Speaking to the Investing News Network, Brien Lundin, editor of Gold Newsletter, explained what factors kicked off gold's price run earlier in 2024, and what could drive it even higher as the year continues.

He also shared his thoughts on why gold stocks haven't yet moved as much as investors might have hoped.

"When you would have expected (gold) to maybe drop a couple hundred dollars if the (US Federal Reserve) pivot was being postponed — instead we're about US$300 higher," he said on the sidelines of the Rule Symposium.

Keep reading...Show less
Warriedar Resources

Diamond Drilling Program Expanded and High-Grade M1 Intercept Returned

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to provide an update on drilling progress and assay results from its Golden Range Project, located in the Murchison region of Western Australia (Figure 1).

Keep reading...Show less

Latest Press Releases

Related News

×