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NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) is a Vancouver-based exploration company focused on delivering value through gold exploration efforts in Nevada, USA. With 21 exploration projects on 639 100%-company-owned lode mining claims, totaling 53.4 square kilometers, NV Gold leverages its extensive property portfolio, highly experienced in-house technical team, and geological data library to make significant mineral discoveries. The company recently announced a consolidation of its issued and outstanding common shares, aiming to enhance its market position and pursue new opportunities.
NV Gold Corporation has announced progress on its SW Pipe Project in Lander County, Nevada, with exploration activities advancing. Key highlights include:
- Completion of the first drill pad and securing permits for additional drilling.
- A drill rig is set to commence drilling in late April 2023.
Previous exploration showed promising results, including gold values reaching up to 1.74 ppm from chip sampling in 2022, and historic drilling from 1989 revealed intersections like 0.442 g/t over 16.8 m. The project is strategically located near major gold deposits, raising expectations for potential discoveries. The company maintains a robust structure with approximately 80 million shares outstanding and no debt, underscoring its commitment to mineral exploration in Nevada.
NV Gold Corporation has approved the issuance of 1,225,000 stock options to its officers, directors, and consultants, allowing them to purchase the same number of common shares. Each option is exercisable for five years at an exercise price of $0.07 per share, pending approval from the TSX Venture Exchange. With approximately 89 million shares issued and no debt, NV Gold is positioned to leverage its extensive property portfolio and geological data library for future mineral discoveries in Nevada. The company is focused on delivering value through exploration and expects 2023 to be a productive year.
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