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NV Gold Receives Confirmation of Gold Mineralization, Interpreted from Low Resistor Target, through Positive Lab Results from Recent RC Drill Holes at Slumber Project
VANCOUVER, BC / ACCESSWIRE / February 22, 2022 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)...
About this update from Nv Gold Corporation
[{"type":"text","content":"NV Gold Receives Confirmation of Gold Mineralization, Interpreted from Low Resistor Target, through Positive Lab Results from Recent RC Drill Holes at Slumber ProjectVANCOUVER, BC / ACCESSWIRE / February 22, 2022 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) (\"NV Gold\" or the \"Company\") The Company announced today an update on its active projects in Nevada, USA.Slumber Gold Project, Humboldt County, NevadaOur Q4/Q1-2021/22 drill program at Slumber has currently completed ten reverse circulation drill holes totaling approximately 2012 meters. Two RC and two core holes remain to be drilled during the current program. Results have been received for the first five holes and are summarized in the table below (see Table 1). These holes have encountered significant thicknesses of low-grade oxide gold mineralization, distributed over an area over 800+ meters by 300+ meters with thicknesses in excess of 100-150 meters. Most the holes bottomed in gold mineralization, depth-limited by ongoing equipment challenges and ground water. Slumber is now demonstrated to be a significant low-grade gold system, open in all directions, especially down-dip. Importantly, the current drilling program has confirmed the low-resistor zones from our CSAMT work are indeed mineralized (Refer to press release on Sept. 7th, 2021). These low-resistor zones reflect hydrothermally brecciated and intensely silicified volcanics with consistent gold values (see Figure 3). As reported previously, the Slumber mineralization is largely obscured by recent gravels, making surface sampling and mapping largely ineffective. Consequently, NVX has recently completed an IP/Resistivity and is undertaking Mercury-vapor and biochemistry surveys over the target area to assist in further target definition (stated Thomas Klein, VP Exploration, NV Gold).The Company has also performed a preliminary cyanide solubility test on ten, widely distributed drill intervals with very encouraging results demonstrating high initial recoveries (+95%).The balance of this drill campaign is now focused on testing the deeper parts of the Slumber system, further examining areas illuminated by the recent IP/Resistivity work.John Watson, CEO of NV Gold commented \"The successful work completed so far at Slumber has been technically challenging, with winter conditions, personnel constraints, wa...