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NV Gold Completes Drilling at the Slumber Gold Project and Commences Drilling at the Sandy Gold Project
VANCOUVER, BC / ACCESSWIRE / January 6, 2021 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) (...
About this update from Nv Gold Corporation
[{"type":"text","content":"NV Gold Completes Drilling at the Slumber Gold Project and Commences Drilling at the Sandy Gold ProjectVANCOUVER, BC / ACCESSWIRE / January 6, 2021 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) (\"NV Gold\" or the \"Company\") is pleased to announce that the Phase 2 drill program is now complete at its 100% controlled Slumber Gold Project (\"Slumber\") located approximately 50 miles northwest of Winnemucca, Humboldt County, Nevada, USA. The drill program was comprised of 9 reverse circulation (\"RC\") drill holes, totalling 1,859 m (6,100 ft). Samples have been dispatched to the laboratory, and assays are pending. Based on extreme laboratory backlogs, results are not anticipated until at least late February.The same drill rig has recently been mobilized and commenced drilling at the Company's 100% owned Sandy Gold Project (\"Sandy\"), located within the Walker Lane, Lyon County, Nevada, USA. NV Gold's first drill program at Sandy will encompass up to 1,500 m in up to 10 RC drill holes. For additional information on the Sandy Gold Project, please refer to NV Gold's press releases, dated September 14th, 2020, September 29th, and October 19th, 2020.\"As we await drill results from our recently completed drill program at Slumber, we are excited to commence drilling at the Sandy Gold Project and to test another high-grade epithermal gold target,\" commented Peter A. Ball, President and CEO of NV Gold. \"NV Gold continues to maintain a strong treasury and a focused exploration strategy to explore its extensive property portfolio in Nevada.\"High Level Notes of Slumber Gold Project Phase 2 Drill ProgramPhase 2 drilling at Slumber has successfully expanded the footprint of epithermal alteration and quartz-veining in host rhyolite tuffs. Interpretation of RC chips indicates the presence of a mineralizing system with a strike length of approximately 1,000 meters and a width of 200 meters that is open in nearly all directions, and especially, at depth.Due to unexpected high-volume of ground water return, some drill holes terminated short of planned depth leaving several primary CSAMT-interpreted targets partially tested or untested. NV Gold is targeting a potential \"Sleeper-type\" gold system at Slumber. NV Gold's technical team will evaluate incoming assays in upcoming weeks to assist in designing a Phase 3, 2021, drill program utilizing...