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NV Gold Identifies Five New Mercury Vapor Targets at the Slumber Gold Project at Humboldt County, Nevada
VANCOUVER, BC / ACCESSWIRE / November 1, 2022 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(...
About this update from Nv Gold Corporation
[{"type":"text","content":"NV Gold Identifies Five New Mercury Vapor Targets at the Slumber Gold Project at Humboldt County, NevadaVANCOUVER, BC / ACCESSWIRE / November 1, 2022 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) (\"NV Gold\" or the \"Company\") is pleased to announce it has identified five new mercury vapor anomalies, all outside the known mineralized gold zone, at its 100% owned Slumber Gold Project in Humboldt County, Nevada (see Figure 3). (\"Slumber\").About the Slumber Gold Project:Three drill campaigns have been conducted between August 2019 and early 2022; 29 Reverse Circulation (\"RC\") holes have been completed, totaling 5,200.9 m (17,063.3 ft).The 2019-2022 exploration program encountered significant thicknesses of near-surface, low-grade-oxide gold distributed over an area of 800+ meters by 300+ meters with thicknesses of 100-150 meters. Notable drill intercepts, including 18.3 m @ 0.52 g/t Au in Hole SL-11, and SL-14, intersected 134.2m @ 0.14 g/t Au starting from the collar and was terminated in gold mineralization; most holes bottomed in gold mineralization (see Figure 4).Drilling confirmed that a zone of \"Resistivity,\" reflecting hematite bearing and slightly silicified rocks, correlates well with alteration and gold mineralization. The resistivity zone continues to be open and remains untested to the north and northeast (refer to press release September 7th, 2021).The Company has now demonstrated that Slumber hosts a low-grade bulk-tonnage, oxide-gold system, which remains open in multiple directions. Drilling remains widely spaced over this large area, with reasonable expectations of locating structural and lithologically favorable zones of potentially higher grade mineralization (refer to press release May 19th, 2022).A recently conducted mercury vapor survey has identified five new zones (A-E) with potential for concealed gold mineralization under gravel cover (see Figure 3).Thomas Klein, VP Exploration stated, \"I am excited to share the results of a recently completed mercury vapor survey at our Slumber Gold Project in Humboldt County, Nevada. The Company has detected five outstanding mercury vapor anomalies with values over 100 nanograms outside the zone of known gold mineralization (Figure 3). Knowing that mercury vapor can be the oxidation product of concealed gold mineralization at depth, the Company is plann...