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NV Gold Announces Staking Around and Lease of Drill-Ready Discovery Bay Gold Project in Nevada
VANCOUVER, BC / ACCESSWIRE / June 3, 2021 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(...
About this update from Nv Gold Corporation
[{"type":"text","content":"NV Gold Announces Staking Around and Lease of Drill-Ready Discovery Bay Gold Project in NevadaVANCOUVER, BC / ACCESSWIRE / June 3, 2021 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) (\"NV Gold\" or the \"Company\") is pleased to announce that it has entered into a Lease Agreement (the \"Agreement\") with Pete Herrera (the \"Vendor\"), providing NV Gold the right to lease an undivided 100% right, title and interest in the Discovery Bay Gold Property in Lander County, Nevada (\"Discovery Bay\").\"As noted previously, we are focused on delivering one of NV Gold's most active exploration seasons. The Discovery Bay Gold Project is one of a number of exciting gold projects reviewed internally, and the first acquisition of 2021,\" commented Peter A. Ball, President and CEO of NV Gold. \"Discovery Bay, with its strategic location and host rocks similar to the multi-million ounce Cove-McCoy Gold Project operated by I-80 Gold Corp., is considered a drill ready advanced gold project at which NV Gold will initiate exploration immediately after drilling is completed at its Slumber Gold Project. I anticipate the acquisition of additional drill ready gold projects to add to our pipeline as we continue our internal review. We continue to discuss other projects within our portfolio for potential joint venture or lease agreements with external parties.\"About the Discovery Bay ProjectThe Project is located along the \"Rabbit Suture\" (Hwy 305), and in proximity to the Cove-McCoy gold deposits in Lander County, Nevada (refer to Figure 1) controlled by I-80 Gold Corp. This North-South structural zone is known to host other mega gold deposits like Turquoise Ridge (Twin Creeks) and the Phoenix and Lone Tree Mines.The Discovery Bay target comprises a one kilometer long, previously unknown, and unexplored window of Triassic Osobb Mountain Quartzite and Cane Springs Limestone (host rocks at McCoy), and other underlying host lithologies. Most of the target is covered by thin layers of Tertiary volcanics (Basal Tuffs) and Quaternary rocks.Historical drilling conducted by Newmont Mining in 2018 encountered a thick blanket of intensely sulfidized intrusive rock in contact with decalcified and Au-anomalous silty limestones.NV Gold recently staked 39 additional claims to cover the surrounding potentially mineralized ground, and plans to conduct an IP...