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NV Gold Announces Drill Programs at Slumber and Frazier Dome Gold Projects in Nevada
VANCOUVER, BC / ACCESSWIRE / August 1, 2019 / NV Gold Corporation (TSXV:NVX)(OTC:NVGLF...
About this update from Nv Gold Corporation
[{"type":"text","content":"NV Gold Announces Drill Programs at Slumber and Frazier Dome Gold Projects in NevadaVANCOUVER, BC / ACCESSWIRE / August 1, 2019 / NV Gold Corporation (TSXV:NVX)(OTC:NVGLF) (“NV Gold” or the “Company”) is pleased to announce that the Company will commence drilling at both the Slumber (“Slumber”) and Frazier Dome (“Frazier”) Gold Projects in August 2019. The total of both exploration programs is planned to be up to 1,600 meters of reverse circulation (“RC”) drilling, which may be extended at a later date, pending results.\"Our technical team has completed the evaluation and modelling of both the Slumber and Frazier Dome Gold Projects in preparation for our upcoming August drill campaigns. We are excited to test both projects, as each demonstrates compelling high-grade gold potential,\" commented Peter A. Ball, NV Gold’s President. “In addition, we continue to extract new exploration projects from our geological databases, and are in current discussions with several possible partners for strategic alliances on other gold and silver projects in our portfolio.”Slumber Gold Project Drill Program (up to 1,200 meters):At Slumber (mostly obscured by widespread alluvial cover), recent gravity and ground geophysical surveys helped identify a series of targets within a large hidden structural zone that is coincident with a magnetic-low, measuring approximately 2,000 m long by 300 m wide.The magnetic-low has an irregular outline that is believed to correspond to hydrothermal alteration and destruction of the magnetite originally present in the rock, and may encompass several upwelling feeders. Linear features in the magnetic-low are consistent with the structural fabric of the surrounding volcanic rocks. Geological modelling has identified multiple drill targets focused on structural intersections associated with magnetic-lows, to better understand the gold system geometry, and to test for zonal relations (alteration, geochemical, other) that may assist in vectoring in on bonanza-grade at depth.Frazier Dome Gold Project Drill Program (up to 400 meters):At Frazier Dome, 80% of the property is covered by post-mineral volcanic rocks and alluvium. A follow-up deeper hole drill program is planned based on encouraging results from the Company’s’...