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NV Gold Completes Geophysical Surveys and Announces the Discovery of a Hidden Structural Gold Target at Slumber Gold Project in Nevada
VANCOUVER, BC / ACCESSWIRE / July 18, 2019 / NV Gold Corporation (TSXV: NVX; US: ...
About this update from Nv Gold Corporation
[{"type":"text","content":"NV Gold Completes Geophysical Surveys and Announces the Discovery of a Hidden Structural Gold Target at Slumber Gold Project in NevadaVANCOUVER, BC / ACCESSWIRE / July 18, 2019 / NV Gold Corporation (TSXV: NVX; US: NVGLF) (“NV Gold” or the “Company”) is pleased to announce the completion of mapping, sampling and two geophysical surveys at its Slumber Gold Project (“Slumber”) and provides the following geological observations and next steps:Identification of a large hidden structural gold target previously obscured by widespread alluvial cover.Gravity and ground magnetic surveys paint complementary images of the structure and nature of bedrock geology. The gravity interpretation indicates the presence of a broad NNE-trending bedrock trough, intersected by two deeper NE-trending fault-bounded basins.The magnetic data outline a distinct area of greatly reduced magnetic susceptibility, which is interpreted to indicate a large area of hydrothermal alteration. The magnetic low measures about 2,000 meters long by 300 meters wide, elongate in a NNE direction and coincident with the gravity low (see Figure 1).The geophysical surveys highlight hidden structural discontinuities, possible conduits for hydrothermal fluids.The Company plans to commence drilling of the hidden priority geophysical target in August.\"The Company is excited to have identified a previously unknown structural target through our recent geophysical program at Slumber and we are now accelerating the permitting for an immediate drill program in August,\" commented Peter A. Ball, NV Gold’s President. “We will now have back-to-back priority drill programs planned for the summer, as we finalize permitting for the upcoming secondary drill program at the Frazier Dome Gold Project.”NV Gold recently completed geological mapping, sampling and two geophysical surveys over the Slumber project area. The limited area of rock outcrop exhibits multi-phase hydrothermal silicification, and historical rock geochemical sampling and shallow exploration drilling returned samples with elevated concentrations of gold, silver and associated pathfinder elements. Most of the project area, however, is covered by unconsolidated gravel up to 100 meters thick. Drill target selection will largely be based upon geophysical information. N...