NV Gold Corporation (TSX-V: NVX, OTC: NVGLF) CEO John Seaberg told investors the company has made “meaningful progress” on its 2022 exploration targets.
“Our on-the-ground approach to collecting the data needed to identify our highest priority targets is paying off,” Seaberg said in a company update.
“We are now well positioned to continue our exploration efforts in 2023 to unlock the next multi-million ounce gold discovery in Nevada,” he added.
SW Pipe Gold Project
The company said it recently conducted an extensive soil sampling program and completed a mercury vapor survey at its SW Pipe gold project in Lander County about six kilometers (km) southwest of the world-class Pipeline gold mine in the central Cortez gold belt to the north. -Central Nevada. The property, comprising 84 unpatented mining titles, is wholly owned by NV Gold.
Modeling of 567 new soil samples shows a large area of overlapping Carlin-like geochemical anomalies, highlighting a new target area in a previously untested central-west portion of the property.
The new target is an interpreted dilation zone, a perfect flow path for gold mineralization, and therefore a prime target location to discover the next multi-million ounce gold deposit, according to the company.
NV is awaiting the completion of the mercury vapor analyzes and plans to drill test the established soil targets.
Triple T Gold Project
The Triple T Gold Project is located in the Humboldt Range 9 km east of the Rochester silver-gold mine and 42 km southeast of the Florida Canyon gold mine.
Triple T gives NV the ability to delineate further ounces of near-surface gold oxide by evaluating and tracking gold grades up to 11.7 grams per tonne (g/t) gold ( Au) from rock chip sampling and open pit drill intersections of 16.8 meters at 1.345 g/t Au.
Regarding the next steps, NV is preparing new drill sites to start drilling in 1Q 2023.
Slumber Gold Project
The Slumber Gold Project is located 80.5 km northwest of Winnemucca and adjacent to the Sleeper Gold Deposit in Humboldt County, Nevada. NV conducted a phase 3 drilling campaign and completed 12 RC holes totaling 2,350 meters by the end of Q1 2022.
A recent mercury vapor survey identified five new zones (AE) with potential for gold mineralization hidden under gravel cover.
NV said it will follow up on the 1.5 g/t gold grades intercepted in one of the company’s latest RC holes (SL-27) and will test some of the mercury vapor anomalies by drilling. higher in the northern and northeastern extent of the property.
Investors can find an update on the Company’s Nevada-based Sandy Gold Project, Discovery Bay Gold Project and Pickhandle Project here.
“I am pleased with the results NV Gold has achieved since the start of our drilling campaign at the end of October 2021. The company has drilled four of our active projects (Slumber, Discovery Bay, Pickhandle and Sandy) and carried out extensive soil sampling and mercury vapours. program at SW Pipe and Slumber,” said Thomas Klein, vice president of exploration at NV Gold.
“The geochemical results and interpretations, which have outlined five additional drill targets at Slumber and identified an exceptional new Carlin-type anomaly on our SW Pipe project, are more than encouraging. Doing our homework properly and spending investors’ money as efficiently as possible is the key to success.
Klein noted that having the Goldspot (TSXV: SPOT) (AI), the Triple T and other exploration pipeline projects is a “fundamental advantage” for NV Gold to “make the next multi-million ounce discovery in Nevada.”
Contact author Uttara Choudhury at [email protected]
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