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NV Gold Drill Results Demonstrate Prospective Gold System at its Slumber Gold Project in Nevada
VANCOUVER, BC / ACCESSWIRE / October 28, 2019 / NV Gold Corporation (TSXV:NVX)(OTC:NVGLF) ...
About this update from Nv Gold Corporation
[{"type":"text","content":"NV Gold Drill Results Demonstrate Prospective Gold System at its Slumber Gold Project in NevadaVANCOUVER, BC / ACCESSWIRE / October 28, 2019 / NV Gold Corporation (TSXV:NVX)(OTC:NVGLF) (\"NV Gold\" or the \"Company\") is pleased to announce that four of seven holes encountered gold mineralization at its recently completed initial 7-hole, 1,091 m, reverse circulation (\"RC\") drill program at its 100% controlled Slumber Gold Project, Nevada.\"Our initial drill program at Slumber has identified a promising gold system. This blind target was identified by geophysics,\" commented Dr. Quinton Hennigh, Director of NV Gold. \" Anomalous mineralization encountered over significant lengths in holes SL-02 and SL-01, some 450 meters apart, suggests the presence of a large gold-bearing hydrothermal system in the sub-surface. Its characteristics exhibit similarities to several other high-grade mid-Miocene gold systems in the region. The Company plans further data review and more refined geophysical interpretation, to target potential high-grade structures that have given rise to the anomalous plume we have encountered in the recent drilling.\"Slumber Drilling Highlights:Noting the drill target is \"blind,\" or buried beneath a veneer of gravel, and initial drilling was driven by geophysical modeling, encountering anomalous gold mineralization in four of seven holes is considered very encouraging. Felsic volcanic rocks, similar to those that host other notable deposits in the region host mineralization encountered in the drilling.The most notable intercept is a 39.6 meter interval grading 0.34 gpt Au and 1.3 gpt Ag beginning at 36.6 meters down hole including 22.8 meters grading 0.47 gpt Au and 1.6 gpt Ag beginning at 53.4 meters down hole encountered in hole SL-02. At the very top of hole SL-02, an interval of 27.4 meters grading 0.18 gpt Au and 2.6 gpt Ag was encountered. Mineralization remains open to the north, west, northeast and at depth below hole SL-02.Hole SL-01, situated approximately 450 m northeast of hole SL-02, encountered five mineralized intervals from surface to 167.7 m. Mineralization remains open in all directions around hole SL-01.Silver-to-gold ratios are generally less than 5-to-1, which is a characteristic of other mid-Miocene low-sulfidation epithermal gold systems across northern Nevada. Many of these systems includin...