NV Gold Identifies Drill Targets at the Oasis Gold-Copper Project in Nevada
NV Gold (TSXV:NVX) has completed a technical analysis of its 100% owned Oasis gold and copper project in Nevada. The project, located in the Walker Lane belt, shows characteristics of both a porphyry system and a high sulfidation epithermal setting. Historic shallow drilling data is unavailable, but Centerra Gold's 2010-2011 program of 27 RC holes forms the basis of this report.
The exploration target contains an estimated 17 to 19 million tons, with grades ranging from 0.25 to 0.425 g/t gold. The target includes 54 mineralized zones across a 1.2 km east-west trend and 0.5 km wide area. While there's insufficient drilling density for an Inferred Resource calculation, the project shows potential for both near-surface gold and deeper copper mineralization.
NV Gold (TSXV:NVX) ha completato un'analisi tecnica del suo progetto Oasis gold and copper, di cui detiene il 100%. Il progetto, situato nella cintura di Walker Lane, presenta caratteristiche sia di un sistema porfirico che di un contesto epithermale ad alta sulfidazione. I dati storici di perforazione superficiale non sono disponibili, ma il programma di Centerra Gold del 2010-2011, che ha incluso 27 fori RC, costituisce la base di questo rapporto.
Il target di esplorazione contiene una stima di 17 a 19 milioni di tonnellate, con gradi che variano da 0.25 a 0.425 g/t di oro. Il target include 54 zone mineralizzate su un trend est-ovest di 1.2 km e un'area di 0.5 km di larghezza. Anche se la densità di perforazione non è sufficiente per un calcolo delle risorse inferite, il progetto mostra potenziale sia per l'oro a bassa profondità che per la mineralizzazione di rame più profonda.
NV Gold (TSXV:NVX) ha completado un análisis técnico de su proyecto Oasis gold and copper, del cual posee el 100%. El proyecto, ubicado en la franja de Walker Lane, presenta características tanto de un sistema porfirítico como de un entorno epithermal de alta sulfidación. No se dispone de datos de perforación superficial históricos, pero el programa de Centerra Gold de 2010-2011, que incluyó 27 agujeros RC, forma la base de este informe.
El objetivo de exploración contiene una estimación de 17 a 19 millones de toneladas, con leyes que oscilan entre 0.25 a 0.425 g/t de oro. El objetivo incluye 54 zonas mineralizadas a lo largo de una tendencia este-oeste de 1.2 km y un área de 0.5 km de ancho. Aunque hay una densidad de perforación insuficiente para un cálculo de recursos inferidos, el proyecto muestra potencial tanto para el oro cerca de la superficie como para la mineralización de cobre más profunda.
NV Gold (TSXV:NVX)는 네바다에 위치한 Oasis gold and copper 프로젝트에 대한 기술 분석을 완료했습니다. 이 프로젝트는 워커 레인 벨트에 위치하며, 포르피리 시스템과 고황화 에피저말 환경의 특성을 모두 보여줍니다. 과거의 얕은 시추 데이터는 없지만, 2010-2011년에 Centerra Gold가 실시한 27개의 RC 홀 프로그램이 이 보고서의 기초를 형성합니다.
탐사 목표 지역은 1700만에서 1900만 톤의 추정량을 포함하며, 금의 혼합도가 0.25에서 0.425 g/t 사이입니다. 이 목표에는 동서간 1.2km의 추세와 0.5km의 너비를 가진 54개의 광물화된 구역이 포함됩니다. 시추 밀도가 불충분하여 추정 자원 계산이 어렵지만, 이 프로젝트는 지표 근처의 금 및 더 깊은 구리 광물화 가능성을 보여줍니다.
NV Gold (TSXV:NVX) a complété une analyse technique de son projet Oasis gold and copper, dont il possède 100%. Le projet, situé dans la ceinture de Walker Lane, présente des caractéristiques à la fois d'un système porphyrique et d'un environnement épithermal à haute sulfidation. Les données historiques de forage superficiel ne sont pas disponibles, mais le programme de Centerra Gold de 2010-2011, qui a inclus 27 trous RC, constitue la base de ce rapport.
La cible d'exploration contient une estimation de 17 à 19 millions de tonnes, avec des teneurs allant de 0,25 à 0,425 g/t d'or. La cible comprend 54 zones minéralisées sur une tendance est-ouest de 1,2 km et une zone de 0,5 km de large. Bien que la densité de forage soit insuffisante pour un calcul de ressources présumées, le projet présente un potentiel tant pour l'or en surface que pour la minéralisation de cuivre plus profonde.
NV Gold (TSXV:NVX) hat eine technische Analyse seines zu 100% im Besitz befindlichen Oasis gold and copper Projekts in Nevada abgeschlossen. Das Projekt, das sich im Walker Lane Gürtel befindet, weist Merkmale sowohl eines Porphyrsystems als auch eines hochsulfidischen epithermalen Umfelds auf. Historische Daten zu flachen Bohrungen sind nicht verfügbar, jedoch bildet das Programm von Centerra Gold aus den Jahren 2010-2011, das 27 RC-Löcher umfasste, die Grundlage dieses Berichts.
Das Explorationsziel umfasst schätzungsweise 17 bis 19 Millionen Tonnen mit Gehalten, die zwischen 0,25 und 0,425 g/t Gold liegen. Das Ziel beinhaltet 54 mineralisierte Zonen entlang eines 1,2 km langen und 0,5 km breiten Trends. Obwohl die Bohrungsdichte für die Berechnung einer abgeleiteten Ressource unzureichend ist, zeigt das Projekt Potenzial sowohl für Gold in der Nähe der Oberfläche als auch für tiefere Kupfermineralisierungen.
- Exploration target estimated at 17-19 million tons with grades of 0.25-0.425 g/t gold
- Project shows potential for both gold and copper mineralization
- 54 mineralized zones identified across a 1.2 km by 0.5 km area
- Open potential in several dimensions for expansion
- Insufficient drilling density to calculate an Inferred Resource
- Historic shallow drilling data not available
- Several untested areas remain within and around the target zone
VANCOUVER, BC / ACCESSWIRE / August 28, 2024 / NV Gold Corporation (TSXV:NVX) (the "Company") is pleased to announce that a technical analysis has been completed on NV Gold Corporation's
The project has many of the characteristics of the zone near the top of a porphyry system (Yerington, New Boston, Paradise Peak East) and zones near the plumbing of a high sulfidation epithermal setting (Goldfield, the Graben deposit in the Borealis District, some deposits in the Monte Cristo range). Abundant and widespread strong argillic alteration, more localized potassic zones, sheeted quartz veins, quartz-alunite ledges and multiple pulses of magma injection, along with evidence of multiple overprinting periods confirm the style of system, and general location of the system within the well-known porphyry to epithermal continuum. The single age date from alteration, was dated at 16.1± 0.7 Ma (Wolverson, 1987). This corresponds well with the age of mineralization at several other Nevada gold deposits including Sleeper, and Midas.
Historic shallow drilling data is not available. Centerra Gold conducted a 2010-2011 program of 27 RC holes (23,920', 7,290.8m), that is the basis for this report. There were 14 holes with intercepts of gold above 0.220 ppm, the cut-off grade used to form gold intercepts. In addition, 6 holes contained intervals above 300 ppm copper., while there are several elevated Zn intervals, and one elevated Co interval.
Based on drill holes with Au assay values available, there is not presently sufficient drilling density to calculate an Inferred Resource. The data currently available does provide an exploration target that contains between 17 and 19 million tons, with grades ranging from 0.25 to 0.425 g/t. The target has been developed on 2d sections 100 meters apart, using the mean grade of each intercept, and a range of +/- 25 percent. Density values used ranged from 2.25 g/cm3 to 2.55 g/cm3. This exploration target contains 54 mineralized zones at least 3 meters downhole, in a zone at least 1.2 km in an east west trend, and 0.5 km wide. There are no drill holes along one of the sections, as well as several untested areas internal and outboard mostly to the south and west.
Drilling the next phase would be designed to expand the scope of the known gold zone and to increase the drill density of the previous drilling to advance the project toward resource status.
"The Oasis project has demonstrated both gold and copper potential. The near-surface gold zone (discussed above) is open in several dimensions and has potential to become an economic deposit by itself or as part of a larger, multi-metallic system that would encompass deeper copper mineralization. This project has become increasingly important due to the recent copper market changes." States John Watson, Chairman and Interim Chief Executive Officer.
https://nvgoldcorp.com/properties/nevada/under-evaluation/oasis-project/
Qualified Person: The technical information in this news release was compiled, reviewed, and approved by Jesse D. Wellman, CPG, an American Institute of Professional Geologists certified Professional Geologist, and is a Qualified Person as defined in the NI 43-101. Jesse D. Wellman, CPG is a consulting Economic Geologist, and Qualified Person with over 20 years' experience in precious metals exploration, discovery, and development.
About NV Gold Corporation
NV Gold Corporation is a well-organized exploration company with 11,397,913 million shares issued and outstanding on a fully diluted basis. NV Gold has 21 exploration projects in Nevada comprising 639
On behalf of the Board of Directors,
John Watson, Chairman and Interim CEO
For further information, visit the Company's website at http://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
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