14:34:02 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



NV Gold Corp (2)
Symbol NVX
Shares Issued 88,745,454
Close 2023-08-18 C$ 0.05
Market Cap C$ 4,437,273
Recent Sedar Documents

NV Gold drills 9.14 m of 1.39 g/t Au at Triple T

2023-08-21 10:28 ET - News Release

Mr. John Watson reports

NV GOLD CORPORATION REPORTS POSITIVE DRILL RESULTS FROM TRIPLE T GOLD PROJECT

NV Gold Corp. has released assay results from the recently completed reverse circulation (RC) drill program carried out at its 100-per-cent-owned Triple T gold project located in the Humboldt Range, Nevada. The project is situated seven kilometres east of the Rochester silver-gold operation and 42 kilometres southeast of the Florida Canyon gold mine.

The program consists of 14 shallow RC drill holes totalling 719.3 metres in the northern-most of the three target areas. Almost all drill holes intersected one or more near-surface mineralized quartz veins, with up to 4.57 m averaging 2.40 grams per tonne (g/t) gold (Au) in TT-9 and 9.14 m averaging 1.39 g/t Au in hole TT-11. The recent drilling and mapping program has confirmed the presence of a regional low-angle thrust plane (shear zone) controlling the Triple T gold mineralization over a strike length of up to five kilometres and possibly further on under-cover rocks. The North target area now measures 250 m by 400 m, and remains open north and south as well as down-dip to the east. With the confirmation that gold mineralization is expanding underneath the carbonate unit to the east (Upper Limestone), NV Gold is planning geophysical (induced polarization (IP)) investigations to reveal potentially larger erosion-protected targets along this promising structural gold-corridor.

John Watson, chairman of NV Gold, stated:

"Our recent successful drilling at Triple T, combined with detailed geologic mapping and structural interpretation, has illuminated new targets and expanded dimensions for this project. Recent sampling of numerous outcropping quartz veins north of the drilling area has the potential to enlarge the mineralized zone even further. We are very pleased with the results of the program and are excited about the potential of the project going forward."

John R. Kerr, PEng, is a qualified person within the meaning of National Instrument 43-101, and has reviewed and approved the technical information contained in this news release.

Quality assurance/quality control (QA/QC) and sample analysis

The company has implemented a quality control program to ensure best practices in sampling and analysis of the chip samples. The chips of the entire hole are collected at the drill site, logged and split into one-eighth samples using a rotating sample splitter. The one-eighth sample is then securely shipped to the ALS Global Laboratory in Elko, Nev. During sample collection and assaying, there is an established QA/QC procedure using standards and blanks, inserting each at 30-metre intervals in each hole.

At the laboratory, samples are crushed and pulverized in preparation for analysis. The samples are analyzed for gold using fire assay with AA (atomic absorption) finish.

About NV Gold Corp.

NV Gold is based in Vancouver, B.C., and Reno, Nev., and is focused on delivering value through its gold exploration efforts in Nevada, United States, and by leveraging its expansive property portfolio.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.