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NV Gold Announces the Approval of the Notice of Intent for its Drill Program on the SW Pipe Project in Nevada
VANCOUVER, BC / ACCESSWIRE / February 7, 2023 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:...
About this update from Nv Gold Corporation
[{"type":"text","content":"NV Gold Announces the Approval of the Notice of Intent for its Drill Program on the SW Pipe Project in NevadaVANCOUVER, BC / ACCESSWIRE / February 7, 2023 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) (\"NV Gold\" or the \"Company\") is pleased to announce that it has received the approval of the Notice of Intent (\"NOI\") for the Company's SW Pipe Gold Project in Lander County, Nevada (\"SW Pipe\").The U.S. Department of the Interior's Bureau of Land Management (\"BLM\") has reviewed the NOI and determined it is complete, containing all the information required by the surface management regulations at 43 CFR 3809.30. The BLM has reviewed the proposed operation and determined that it is adequate to proceed.About the SW Pipe Gold Project:SW Pipe is located in Lander County, approximately 6 km (3.7 miles) southwest of the world-class Pipeline gold mine in the central Cortez gold belt of north-central Nevada. SW Pipe has 84 unpatented mining claims and is 100%-owned by NV Gold. Historical drilling established a near-surface, oxide-gold zone characterized by multiple intercepts of 15 m+ @ 0.5-1.0 g/t Au (see Company's press releases dated October 26, 2022, and December 14, 2022). After the evaluation and analyses of two extensive geochemical surveys and the recent approval of the NOI, the Company intends to proceed and commence drill-testing for a potentially significant Carlin-type gold deposit on SW Pipe in Q1 of 2023, subject to capital and drill rig availability (see Figures 2 & 3).Thomas Klein, VP Exploration stated, \"I am excited to have received the BLM's approval to start earthwork and drill site preparation on our SW Pipe gold project in Lander County, Nevada. In 2022, the Company identified multiple overlapping geochemistry anomalies suggesting the presence of a Carlin-type gold system on the Property. We are in an excellent neighborhood to Nevada Gold Mines' (NGM) multi-million-ounce Pipeline and Cortez gold deposits and NV Gold has an excellent opportunity to make a new discovery in proximity to NGM's gold mining operations. Figure 1: NV Gold Landholding Map. Figure 2: SW Pipe Location in Proximity to the Cortez and Pipeline Gold Mines. Figure 3: SW Pipe Soil Geochemistry and Mercury Vapor Target, and proposed Drill Hole Location.About NV Gold CorporationNV Gold (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) is a Nevada-...