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NV Gold Corporation Announces Updates on Five Active Projects in Nevada, USA
VANCOUVER, BC / ACCESSWIRE / October 7, 2021 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) (...
About this update from Nv Gold Corporation
[{"type":"text","content":"NV Gold Corporation Announces Updates on Five Active Projects in Nevada, USAVANCOUVER, BC / ACCESSWIRE / October 7, 2021 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) (\"NV Gold\" or the \"Company\") is pleased to announce that the Company has completed 3 Notices of Intent (NOI) to commence drilling at its 100% owned Slumber, Discovery Bay and Pickhandle projects in north-central Nevada, USA. The Company also reports that a 2D seismic survey has been completed at its optioned SW Pipe Project located along the Cortez Gold Belt approximately 6 km southwest of the Pipeline Gold Complex operated by Nevada Gold Mines.Upcoming Plans:The upcoming Slumber drill program is designed to determine the extent of additional near-surface oxide-mineralization at its north-central Nevada (see Figure 1) project. The 6-8 drill program is expected to commence later this month.The Discovery Bay Project is located approximately 15 km southeast of the Cove-McCoy gold deposits in Lander County, Nevada (see Figure 1) controlled by I-80 Gold Corp. This North-South structural zone, also known as the \"Rabbit Suture\", hosts other significant gold deposits such as Turquoise Ridge, Twin Creeks as well as the Fortitude, Phoenix and Lone Tree Mines. Drilling of a four-hole recon program is expected to commence in November.The Pickhandle Project is located at the structural intersection of the Rabbit Suture (Hwy 305) and the Crescent Valley Fault Zone (see Figure 1). Pickhandle is located 25 kilometers south of the Discovery Bay Project. The 3-4-hole drilling program is anticipated to begin in December.The recently announced IP/Resistivity program at the Sandy Project has added a highly compelling target that will likely be drilled in Q1 2022. See news release on 9/28/2021.At the SW Pipe, a 2D Seismic survey was recently completed by the optionee to determine depth to Carlin-type host lithologies and structural drill targets (see Figure 2). Drilling at SW Pipe is scheduled for mid-2022 depending on core rig availability.Our projects are pushing forward, and I am more than pleased to have our drill contract in place, equipment committed and permits in-hand. NV Gold has high-quality projects with excellent discovery potential that can now be drill-tested. Besides Slumber, Discovery Bay and Pickhandle, there are several more projects entering the project pipeline...