Business
NV Gold Mobilizes to Slumber Gold Project in Nevada to Initiate CSAMT Geophysical Survey
VANCOUVER, BC / ACCESSWIRE / August 10, 2020 / NV Gold Corporation (TSXV:NVX)(OTC PINK:NVG...
About this update from Nv Gold Corporation
[{"type":"text","content":"NV Gold Mobilizes to Slumber Gold Project in Nevada to Initiate CSAMT Geophysical SurveyVANCOUVER, BC / ACCESSWIRE / August 10, 2020 / NV Gold Corporation (TSXV:NVX)(OTC PINK:NVGLF) (\"NV Gold\" or the \"Company\") is pleased to announce that a controlled source audio-magnetotelluric (\"CSAMT\") geophysical survey will commence at the Slumber Gold Project in Nevada by August 13, 2020.\"NV Gold completed an initial drill program at the Slumber Gold Project in the fall of 2019, which identified what we believe to be a significant buried epithermal gold system,\" commented Peter A. Ball, President & CEO of NV Gold. \"Based on proven success of the use of the CSAMT technology at other epithermal projects, our technical team consisting of Dr. Quinton Hennigh and Dr. Odin Christensen, believe the survey will help us vector in on potential mineralized structures at depth. Given the similar geology of Slumber to other epithermal systems in the area, we believe Slumber has the potential to host high-grade structures at depth, and we look forward to drill testing any CSAMT-generated targets this fall.\"NV Gold has engaged Zonge International, of Reno, Nevada to execute the CSAMT geophysical program at the Slumber Gold Project. Based on results from the CSAMT survey, a more defined drill program may be developed to test for the potential feeder structures at depth commencing later in the fall of 2020.About CSAMTCSAMT is a low-impact, ground geophysical survey method that involves determining electrical resistivity of rocks. CSAMT data is desirable as it provides critical information about geologic structure, and in the case of epithermal systems such as Slumber, identifying areas of silicification that develop around the structural ‘plumbing' of the hot spring, places where mineralized veins might be found. CSAMT is useful for mapping resistivity to around the 1,000-meter depth range. The prospective boiling zone, where high-grade mineralization can occur within an epithermal system, is commonly at depths ranging from 300-500 m below paleo-surface.Quinton Hennigh (Ph.D., P.Geo.) is a Qualified Person pursuant to National Instrument 43-101 and has reviewed and approved the technical information contained in this news release. Dr. Hennigh is a director of NV Gold and is not independent and is also the President, Chairman and a Dir...