NV Gold Significantly Enlarges Epithermal Gold Mineralization at its Slumber Project, Nevada

NV Gold Significantly Enlarges Epithermal Gold Mineralization at its Slumber Project, Nevada

Hole SL-27 Returns 112m @ 0.26 gpt, Hole SL 25 Returns 47m @ 0.32 gpt

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") The Company reported an update today on its 2021-2 Slumber Project in Nevada, USA

NV Gold is pleased to announce positive results from the successful completion of the 2021-22 drilling program at its 100%-owned Slumber Project. In addition to enlarging the footprint of the epithermal mineralizing system, this recent program intersected higher grades in certain areas and indicates mineralization remains open laterally and to depth.

NV Gold Corporation, Thursday, May 19, 2022, Press release picture

To view the full sized image, please clickhere

Figure 1: Location of Slumber project and nearby mining operations, past and present.

Slumber Gold Project, Humboldt County, Nevada

Three drill campaigns have been conducted between August 2019 and early 2022; 29 RC holes (reverse circulation) have been completed, totaling 5,200.9 m (17,063.3 ft).

The initial two drilling campaigns focused on a bonanza-style model and targeted a tightly-confined, silicified, and mineralized area in the central part of the Property. While the early drilling did not encounter the desired high-grade structures, it did intercept significant zones of low-grade-oxide gold along the northern limits of the initial drill area. In 2021 NV Gold reinterpreted this zone of mineralized silicification, using CSAMT data and IP-Resistivity to evaluate a wide-open resistivity zone illuminating its correlation with gold mineralization to the north. As a result, most of the 2021-2022 drill holes did encounter significant thicknesses of low-grade-oxide gold distributed over an area of 800+ meters by 350+ meters with thicknesses of 100-150 meters or more (see figures 2-5). Most 2021-2022 holes bottomed in gold mineralization. While drilling was depth-limited by ongoing equipment breakdowns, labor challenges and ground water, the results were highly encouraging.

The Company reports that Slumber has now been demonstrated to host a low-grade bulk-tonnage, oxide gold system, which remains open in multiple directions. Drilling remains very widely-spaced over this large area, with reasonable expectations of locating structural and lithologically favorable zones of stronger grades.

NV Gold Corporation, Thursday, May 19, 2022, Press release picture

To view the full sized image, please click here

Figure 2 - Rock types at Slumber (Trf and Trx are the main host rocks for gold while Tra and Pz are mostly barren).

"NV Gold has successfully delineated a substantial near-surface, oxide-gold mineralized gold system on its Slumber property in Humboldt County, Nevada. The gold zone is very homogenous and continuous, and preliminary AuCN tests returned potentially high gold recoveries. The gold system remains open in multiple directions and at depth. The northern part of the Property and most of the southern part remain untested. However, having mostly gold values of around 0.2 g/t Au compels NV Gold to test for better grades and thicker intercepts. Recently received assays of up to 1.5 g/t Au in SL-27 are indicators that higher grades can be present in the area. More fieldwork and results from the undertaken Mercury-vapor and biochemistry surveys will assist pinpointing higher-grade structures with the goal of enhancing Slumber to economic grade levels. The property now appears to have good potential for a +million-ounce target. While the grades encountered so far are sub-economic at current conditions, the drill-spacing is wide and good upside remains for more favorable zones of structural preparation or favorable lithologies",stated Thomas Klein, VP Exploration, NV Gold.

Drill Intercepts:

NV Gold Corporation, Thursday, May 19, 2022, Press release picture

To view the full sized image, please click here

Table 1 - Slumber 2019-2022 significant drill intercepts.

NV Gold Corporation, Thursday, May 19, 2022, Press release picture

To view the full sized image, please click here

Figure 3 - Drill hole locations with gold intercepts (Au >100 ppb) and cross-sections.

NV Gold Corporation, Thursday, May 19, 2022, Press release picture

To view the full sized image, please click here

Figure 4 - Cross-section A-A' with gold intercepts (Au >100 ppb) on interpreted geology

NV Gold Corporation, Thursday, May 19, 2022, Press release picture

To view the full sized image, please click here

Figure 5 - Cross-section B-B' with gold intercepts (Au >100 ppb) on interpreted geology.

NV Gold CEO, John Watson commented - "These encouraging results have extended our understanding of this large, oxide gold system, elevating our expectations for an ultimate economic discovery. Oxide gold discoveries have been rare in Nevada over the past 15+ years despite intensive exploration efforts by many companies. Slumber remained undiscovered primarily because of its setting, largely obscured by recent sediments and volcanics. Its lateral and vertical extent remains open and compelling. The sheer size of the mineralized system is important, given the implications of a large, new, gold system in a relatively unexplored part of Nevada. The next program at Slumber will be a modest core program, designed to twin and deepen two of our existing reverse circulation holes. The goal is to further extend the mineralization and identify any potential RC sampling loss of values. We look forward to the next phases for Slumber, looking to extend the system both laterally and at depth. As drill density adds understanding, we can target zones of higher grades, such as demonstrated in hole SL-27."

Damir Cukor, P.Geo. is a Qualified Person pursuant to National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.

On behalf of the Board of Directors,

John E. Watson
President & CEO

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 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 interpretation of the resistive blanket as having come from higher grade feeder structures and a continuation of the gold system identified in the UVP, the appearance that previous drilling only peripherally intercepted the southwestern edges of two much larger, potentially mineralized resistor zones, the interpretations of the mapping exercise and the dimensions of the strike length and width 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 lack of continuity of mineralization, 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 because 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/702024/NV-Gold-Significantly-Enlarges-Epithermal-Gold-Mineralization-at-its-Slumber-Project-Nevada

News Provided by ACCESSWIRE via QuoteMedia

NVX:CA
The Conversation (0)
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
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.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
NV Gold Corp Presents in Red Cloud's Virtual Webinar Series

NV Gold Corp Presents in Red Cloud's Virtual Webinar Series

NV Gold Corp (TSXV: NVX) is pleased to announce that the company is presenting a live virtual corporate update hosted by Red Cloud Financial Services on September 6th, 2023 at 2:00 PM ET.

We invite our shareholders, and all interested parties to register for the webinar and participate in the live Q&A session at the end of the presentation moderated by Red Cloud.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
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.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
NV Gold Corporation Sells Non-Core Property

NV Gold Corporation Sells Non-Core Property

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") announces the sale of a non-core asset, the Sandy Gold Project in Lyon County, Nevada, dated August 1, 2023 for cash while retaining a 1.5% NSR or an equivalent production royalty

Chairman and Interim CEO John Watson comments "This sale, to Anchor Minerals, Inc., a private US company, is consistent with NV Gold's business model to monetize certain claim holdings while moving forward with exploration on its remaining strategic properties in Nevada ".

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Gold Royalty to Release 2023 Full Year Results on March 28, 2024

Gold Royalty to Release 2023 Full Year Results on March 28, 2024

Gold Royalty Corp. (" Gold Royalty " or the " Company ") (NYSE American: GROY) will release its financial and operating results for the full year and quarter ending December 31, 2023 on Thursday, March 28, 2024 .

Gold Royalty Corp. Logo (CNW Group/Gold Royalty Corp.)

An investor webcast will be held on Thursday, March 28, 2024 starting at 11:00 am ET ( 8:00 am PT ) to discuss these results. Management will be providing an update to interested stakeholders on the Company's 2023 results including key recent catalysts that have been announced on the assets underlying the Company's royalties. The presentation will be followed by a question-and-answer session where participants will be able to ask any questions they may have of management.

To register for the investor webcast, please use the following link: https://www.bigmarker.com/vid-conferences/Gold-Royalty-Corp-Town-Hall-Forum-Q4

Reminder of Warrants Expiration

The Company today issued a reminder to holders of the outstanding warrants to purchase common stock of Gold Royalty, that the warrants will expire on Monday, March 11, 2024 .

The NYSE has notified the Company that it will suspend trading in the warrants after the close of trading on Wednesday, March 6, 2024 so that all trades can be settled by Monday, March 11, 2024 . As of December 31, 2023 , there were approximately 10.35 million warrants outstanding. The warrants have an exercise price of $7.50 per share.

Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to acquire royalties, streams and similar interests at varying stages of the mine life cycle to build a balanced portfolio offering near, medium and longer-term attractive returns for its investors. Gold Royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/gold-royalty-to-release-2023-full-year-results-on-march-28-2024-302070128.html

SOURCE Gold Royalty Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2024/23/c4994.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
White Gold Corp. Discovers 1 km Long Gold-In-Soil Anomaly 9 km Northwest of Its VG Deposit, White Gold District, Yukon, Canada

White Gold Corp. Discovers 1 km Long Gold-In-Soil Anomaly 9 km Northwest of Its VG Deposit, White Gold District, Yukon, Canada

White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W ) (the "Company") is pleased to announce that a soil sampling survey completed during the 2023 field season has identified a new 1 km long gold-in-soil anomaly on the QV property, located approximately 9 km northwest of the VG deposit which remains open for expansion (Figures 1 & 2). Soil sampling results range from trace up to a maximum of 496.7 ppb Au with associated anomalous tellurium. The new soil geochemical anomaly appears to be similar in character to the VG deposit and the Golden Saddle deposit which form part of the Company's flagship White Gold Project. The White Gold Project is located in west-central Yukon, Canada, and comprises 16 million tonnes averaging 2.23 gt Au for 1,152,900 ounces of gold in the Indicated Resource category and 19 million tonnes averaging 1.54 gt Au for 942,400 ounces of gold in the Inferred Resource category (1) . These results form part of the Company's 2023 exploration program on its extensive and underexplored land package in the emerging White Gold District, Yukon, supported by strategic partners including Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC).

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Sylla Gold Exercises Option Agreement to Acquire 100% of the Deguefarakole Licence at Its Niaouleni Gold Project

Sylla Gold Exercises Option Agreement to Acquire 100% of the Deguefarakole Licence at Its Niaouleni Gold Project

Sylla Gold Corp. (TSXV: SYG) (OTCQB: SYGCF) ("Sylla" or the "Company") is pleased to announce that it has exercised its option to acquire a 100% interest in the Deguefarakole exploration licence at its Niaouleni Gold Project by issuing 3,000,000 Common Shares of the Company and amending the Option Agreement dated September 15, 2021 with Niaouleni Gold Inc. (the "Optionor") and Niaouleni Gold Mali SARL. The Deguefarakole licence is one of four exploration licences that comprise the Company's 17,200 sq. km. Niaouleni Gold Project located in the Republic of Mali.

The Niaouleni Gold Project is located in the Sanankoro-Kobada-Niaouleni Gold Corridor and all of the Company's exploration work to date has been completed within the Deguefarakole licence area which represents 9,200 hectares (Figure 1). Between August of 2022 and March 2023, the Company completed 76 reverse circulation drill holes on the Deguefarakole licence encountering anomalous gold grades over significant widths in 66 of 76 RC holes drilled on the property (see Sylla press releases dated August 29, 2022, September 13, 2022, and April 12, 2023). Drilling was mainly focused around the Niaouleni South Prospect. The Company's drilling activities extended the strike length at Niaouleni South to 700 m and remains open to the north, south and at depth. The Niaouleni South prospect sits approximately 6 km along strike from the Kobada gold deposit.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Prismo Metals Inc. Invites Shareholders and Investment Community to visit them at Booth 3010 at PDAC 2024 in Toronto, March 3-6

Prismo Metals Inc. Invites Shareholders and Investment Community to visit them at Booth 3010 at PDAC 2024 in Toronto, March 3-6

Visit Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) at Booth #3010 at the Prospectors & Developers Association of Canada's (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 3 to Wednesday, March 6, 2024.

About Prismo Metals Inc.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
FORTUNE BAY ANNOUNCES ADDITIONAL URANIUM STAKING AND PROVIDES UPDATE FOR MURMAC AND STRIKE URANIUM PROJECTS

FORTUNE BAY ANNOUNCES ADDITIONAL URANIUM STAKING AND PROVIDES UPDATE FOR MURMAC AND STRIKE URANIUM PROJECTS

Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce the acquisition of two additional uranium projects through staking on the north-central margin of the Athabasca Basin, in proximity to the Company's recently announced Spruce Pine and Aspen Uranium Projects (Figure 1).

Gareth Garlick , Technical Director for Fortune Bay, commented "The acquisition of the Birch and Fir projects adds to our growing uranium portfolio of newly acquired, 100% owned projects on the north-central margin of the Athabasca Basin. This extensive portfolio now totals five new uranium projects covering over 40,000 hectares and provides Fortune Bay with further opportunity to create value through exploration and/or transactional success. The Birch and Fir projects have known uranium endowment with historical occurrences of up to 55.1% U 3 O 8 , in addition to Rare Earth Element potential with historical outcrop grades of up to 2.4% Total Rare Earth Elements."

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Element79 Filing of Annual Financial Statements for Year Ended August 31, 2023

Element79 Filing of Annual Financial Statements for Year Ended August 31, 2023

(TheNewswire)

Element79 Gold Corp.

Vancouver TheNewswire February 20, 2024 Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("Element79 Gold", the "Company") Vancouver is pleased to announce that today it has filed its annual financial statements in respect of its year ended August 31, 2023, its management discussion and analysis relating to its annual financial statements, and the CEO and CFO certifications (collectively, the " Required Documents "). The Filings are available on SEDAR+ as well as the CSE website.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×