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NV Gold Doubles Land Position at Frazier Dome Gold Project and Highlights 2019 Exploration Program
VANCOUVER, BC / ACCESSWIRE / April 2, 2019 / NV Gold Corporation (TSXV: NVX; OTC PINK: NVG...
About this update from Nv Gold Corporation
[{"type":"text","content":"NV Gold Doubles Land Position at Frazier Dome Gold Project and Highlights 2019 Exploration ProgramVANCOUVER, BC / ACCESSWIRE / April 2, 2019 / NV Gold Corporation (TSXV: NVX; OTC PINK: NVGLF) (''NV Gold'' or the ''Company'') announces the staking and approximate doubling of its land position around its 100% controlled Frazier Dome Gold Project, located in the Tonopah Mining District, Nevada, and highlights its upcoming 2019 exploration program. Frazier Dome Gold Project Review and Fall 2018 Exploration Program Highlights: Gold occurs in silicified breccias adjacent to a Middle Miocene felsic dome, where Company surface samples grade up to 6.1 g/t Au over 3 m, and historical surface samples grade up to 14.7 g/t Au. High-grade gold also occurs in north-northwest-trending quartz veins, with Company surface samples grading up to 11.2 g/t Au, and a historical drill hole grading 7.5 g/t Au over 3 m. 2018 drilling (8 holes) yielded notable runs of detectable gold across altered and mineralized zones in FD-1: ~105 meters, FD-2: ~150 meters, and FD-5: ~135 meters. Re-surveying of hole FD-01 identified strong deviation of the drill hole, causing it to miss the priority target structure of the interpreted feeder zone beneath the identified rhyolite dome. 2018 drilling only tested 4 of 9 target areas, and only tested depths of 500 ft from the surface. Five of the eight widely-spaced holes delivered gold intersections greater than 0.10 g/t, and up to 1.035 g/t, pointing to what the Company believes could be a robust gold system at depth.''Modelling of the Frazier Dome identified many geologic similarities with the shallow parts of low-sulfidation epithermal deposits, especially resources related to other rhyolite domes in the vicinity, such as the Eastside, Hasbrouk, and Three Hills gold deposits,'' commented Dr. Marcus Johnston, Vice President Exploration. ''The 8 reverse-circulation holes NVX drilled in 2018 all encountered significant runs of alteration and gold and silver mineralization. The lengths and widths of the mapped fracture/vein sets, combined with the long-runs of alteration and mineralization in drilling, and the shallow nature of the exposed system all point toward a potentially bonanza-grade deeper deposit(s), and the possibility of bulk-tonnage ore to be found on the property.''Highlights of 2019 Frazier Dome Exploration Pl...