NV Gold Corporation Reports Positive Rock Chip Samples Results up to 9.63 g/t Au from Triple T Gold Project

NV Gold Corporation Reports Positive Rock Chip Samples Results up to 9.63 g/t Au 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 Rock Chip Sampling 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

During August of 2023 the Company conducted a mapping and rock chip sampling program to extend the known near-surface, oxide gold mineralization of the northern portion of its Triple T property (refer to press release from August 21st, 2023). Twenty-seven rock chip samples were taken of which 24 returned gold values in the anomalous to high-grade range with 5 samples between 2.71 g/t Au and 9.63 g/t Au (see Figure 3 & 4). These samples will help to extend the potential target area by a kilometer to the north of the recently drilled area, and a "New Zone" with gold values over 2 g/t has been identified southwest of it. NV Gold is planning to follow up on these encouraging gold values of up to 9.63 g/t Au (0.34 opt Au) and will further evaluate the gold mineralization of the New Zone. Future goals are to re-evaluate the full gold mineralization potential of this district-scale shear-zone-corridor, which includes the re-evaluation of the historical targets in the south (see Figure 2). An IP (Induced Polarization) geophysical survey is also planned to reveal potentially larger erosion-protected targets to the east.

Previously reported highlights:

  • Assays from the recently conducted drilling program: 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.
  • Confirmation of a major low-angle thrust plane (shear zone) controlling the Triple T gold mineralization over a strike length of up to 5 kilometers, and "proof of concept" that mineralized host lithology extends underneath Upper Limestone to the east.

Figure 1: Triple T Gold Project General Location Map

Figure 2: Triple T District and Targets

Figure 3: Triple T Oxide Mineralization and Rock Chip Sample Results (>100 ppb Au)

Figure 4: Triple T North Area with new Rock Chip Sampling Results

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 definedin 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/782608/nv-gold-corporation-reports-positive-rock-chip-samples-results-up-to-963-gt-au-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
Zodiac Gold Terminates Exclusivity Agreement with Mable and Fable Limited to Pursue Multiple Strategic Opportunities and Announces Up To C$500,000 Shareholder-Led Private Placement

Zodiac Gold Terminates Exclusivity Agreement with Mable and Fable Limited to Pursue Multiple Strategic Opportunities and Announces Up To C$500,000 Shareholder-Led Private Placement

Zodiac Gold Inc. (TSXV: ZAU) ("Zodiac Gold" or the "Company"), a West-African gold exploration company, announces that it has terminated the exclusivity agreement previously entered into with Mable and Fable Limited ("MFL") on September 26, 2024, due to MFL's failure to satisfy their funding obligations under the agreement.

By terminating the exclusivity agreement, the Company is now free to pursue multiple strategic opportunities (including partnerships, joint ventures and financings) that have emerged since the announcement of its recent iron ore discovery. Following that announcement, Zodiac Gold has received substantial interest from multiple parties regarding these high-potential assets. The Company intends to evaluate these opportunities with a view towards identifying how to best leverage its iron ore assets in one or more transactions that will maximize shareholder value. In parallel, Zodiac Gold intends to continue to build on the exploration success of its recently completed Alasala and Arthington drilling programs at its Todi Project.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
PROSPECT RIDGE CONFIRMS LARGE MINERALIZED SYSTEM AT COPPER RIDGE ZONE OF KNAUSS CREEK PROPERTY IN BRITISH COLUMBIA, CANADA

PROSPECT RIDGE CONFIRMS LARGE MINERALIZED SYSTEM AT COPPER RIDGE ZONE OF KNAUSS CREEK PROPERTY IN BRITISH COLUMBIA, CANADA

Prospect Ridge Resources Corp. (the " Company " or " Prospect Ridge ") (CSE: PRR) (OTC: PRRSF) (FRA: OED) is pleased to announce the results of its drilling campaign at the Copper Ridge Zone (" Copper Ridge ") of its wholly-owned Knauss Creek property located approximately 35 kilometres (km) northeast of Terrace, British Columbia .

Drill Program Highlights

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Element79 Announces Closing of First Tranche of Non-Brokered Private Placement

Element79 Announces Closing of First Tranche of Non-Brokered Private Placement

(TheNewswire)

Element79 Gold Corp.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×