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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 launched a four-hole drilling program at the Discovery Bay Gold Project in Nevada, aiming for a potential Carlin-type gold system. The drilling will cover approximately 1500 - 1800 meters and is expected to be completed in about six weeks. This initiative seeks to explore an under-explored area, potentially rich in mineralization, near established gold districts like the McCoy Cove. The project aligns with NV Gold's strategy to develop a comprehensive model of its geological setting while confirming the presence of valuable host lithologies.
NV Gold Corporation (OTCQB:NVGLF) announced the completion of its reverse circulation drill program at the Slumber Project in Nevada. A total of twelve drill holes, approximately 2,350 meters, have been completed, with promising results indicating a low-grade bulk-tonnage oxide gold system. The mineralization is demonstrated over an extensive area, now confirmed to exceed half a kilometer. The company plans further drilling and has high expectations for discovering a million-plus ounce gold deposit. NV Gold remains debt-free with a strong exploration focus.
NV Gold Corporation has provided an update on its Slumber Gold Project in Humboldt County, Nevada. The ongoing drilling program has successfully completed ten reverse circulation drill holes, totaling approximately 2012 meters. Initial results show significant low-grade oxide gold mineralization over an area exceeding 800 by 300 meters, with thicknesses of 100-150 meters. The drilling has confirmed the presence of a significant oxide gold system that remains open in all directions. Encouraging results from cyanide solubility tests revealed recoveries over 95%.
NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) has confirmed a correlation between a low-resistivity zone and potential gold mineralization at its Slumber Gold Project in Nevada. The Q4-2021 drilling program has completed five holes totaling approximately 900 meters, visually indicating strong alteration over a 500-meter extension. Initial analytical results are expected in January 2022. The company plans to expand geophysical coverage and initiate core drilling. NV Gold aims to explore multiple projects over the next 12-18 months, leveraging its position in the productive Nevada gold province.
NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) has commenced drilling at the Slumber Gold Project in Humboldt County, Nevada. The initial phase will include up to 1,500 meters across 6-8 RC drill holes, focusing on a potential shallow oxide gold system identified in late 2020. This marks the third phase of drilling at Slumber, with the program expected to extend through Q4 2021 and perhaps into Q2 2022. CEO John Watson emphasizes the new exploration strategy targeting under-explored areas to enhance discovery potential.
NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) announced the completion of 3 Notices of Intent (NOI) for drilling at its Slumber, Discovery Bay, and Pickhandle projects in Nevada. A 2D seismic survey was also completed at the SW Pipe Project. Upcoming plans include a drill program at Slumber starting later this month, a four-hole program at Discovery Bay in November, and a drilling program at Pickhandle in December. The company is focused on advancing multiple high-potential projects, aiming to deliver shareholder value over the next 18 months.
NV Gold Corporation has contracted Drill NV Inc. for up to 6,000 meters of reverse circulation drilling, set to begin in October. The initial focus will be on the Slumber Project, with subsequent drilling at Discovery Bay and Pickhandle Projects. CEO John Watson emphasizes the aim to identify higher-grade gold mineralization based on previous drilling and geophysical data. The company remains optimistic about the potential of its projects despite uncertainties including market conditions and regulatory approvals.
NV Gold Corporation (OTCQB: NVGLF) has completed detailed mapping and Leapfrog modeling at its Slumber Gold Project in Nevada. A new 600-meter-wide mineralized oxide gold zone has been identified, with notable drill intercepts, including 18.3 m @ 0.52 g/t Au. This newly discovered zone will be prioritized for a Phase 3 drilling campaign set to commence in October 2021. Additionally, mapping suggests that gold mineralization may extend beyond previous drilling results, indicating potential for future discoveries and advancement towards a discovery stage in 2022.