NV Gold Reviews Upcoming Programs and Reports Board Change

Rhea-AI Summary

NV Gold Corp. announced the retirement of Dr. Quinton Hennigh as a director, who has been part of the board since 2009. He is stepping down to focus on his role at CRESCAT Capital but will remain an advisor. The company is advancing with drilling preparations at its Nevada projects, including Slumber, Discovery Bay, and Pickhandle, with plans to commence drilling in late September or early October, despite challenges in procuring drilling equipment. NV Gold holds over 20 properties in Nevada and anticipates a busy year ahead.

Positive

• Dr. Quinton Hennigh is remaining as a Board Advisor after his retirement.
• The company is well-financed with a strong treasury and no debt.
• NV Gold holds over 20 mining properties in Nevada, a leading gold-producing region.
• Exciting drilling programs planned for the next six months.

Negative

• Drilling equipment procurement remains difficult, leading to uncertain timing for drilling campaigns.

VANCOUVER, BC / ACCESSWIRE / August 6, 2021 / NV Gold Corp. (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) announced today that Dr. Quinton Hennigh is retiring as a director of the Company. Dr. Hennigh has generously served as an NV Gold board member since its inception in 2009. Dr. Hennigh is resigning from all of his numerous board positions to fully focus on his new position with CRESCAT Capital. He will, however continue as a Board Advisor to the NV Gold. "The management and fellow directors of NVX join me in wishing Quinton well in his new position and sincerely thank him for his extensive contributions to our Company," says John Watson, Chairman and CEO.

Mr. Watson also reported that work is moving forward on several of its Nevada projects in preparation for multiple drilling programs over the next 6 months. Notices of Intent are being submitted for drilling programs on the Slumber, Discovery Bay and Pickhandle projects. While drilling equipment remains difficult to procure, the Company expects to be able to begin its drilling campaigns in late September or early October. Equipment and drilling personnel remain in short supply, making exact timing uncertain.

NVX's singular focus is exploration in Nevada, USA, one of the most prolific gold producing regions in the world. The Company has over 20 property holdings in this highly-competitive region, several of which are advanced and are drill ready. The next year promises to be very exciting, with news and progress on several projects.

About NV Gold Corp.

NV Gold is a well-financed exploration company with a strong treasury and no debt. The company is based in Vancouver, B.C., and is focused on delivering value through mineral discoveries in Nevada, United States, leveraging its highly experienced in-house technical team and strong property position. 2021 and 2022 promise to be NV Gold's busiest exploration years to date.

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:

John E. Watson, 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 Corp.

View source version on accesswire.com:
https://www.accesswire.com/658654/NV-Gold-Reviews-Upcoming-Programs-and-Reports-Board-Change

FAQ

What is the significance of Dr. Quinton Hennigh's retirement from NV Gold Corp (NVGLF)?

Dr. Quinton Hennigh has retired as a director to focus on CRESCAT Capital but continues as a Board Advisor, reflecting a transition in leadership while retaining his expertise.

What current projects is NV Gold Corp (NVGLF) working on?

NV Gold is preparing for drilling programs on its Slumber, Discovery Bay, and Pickhandle projects over the next six months.

What financial position does NV Gold Corp (NVGLF) hold?

NV Gold is well-financed, has a strong treasury, and carries no debt.

When is NV Gold Corp (NVGLF) expected to start its drilling programs?

The company expects to begin its drilling campaigns in late September or early October.

How many properties does NV Gold Corp (NVGLF) have in Nevada?

NV Gold holds over 20 property holdings in the state of Nevada.