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NV Gold Significantly Enlarges Epithermal Gold Mineralization at its Slumber Project, Nevada
Hole SL-27 Returns 112m @ 0.26 gpt, Hole SL 25 Returns 47m @ 0.32 gpt VANCOUVER, BC / AC...
About this update from Nv Gold Corporation
[{"type":"text","content":"NV Gold Significantly Enlarges Epithermal Gold Mineralization at its Slumber Project, NevadaHole SL-27 Returns 112m @ 0.26 gpt, Hole SL 25 Returns 47m @ 0.32 gptVANCOUVER, BC / ACCESSWIRE / May 19, 2022 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) (\"NV Gold\" or the \"Company\") The Company reported an update today on its 2021-2 Slumber Project in Nevada, USA.NV Gold is pleased to announce positive results from the successful completion of the 2021-22 drilling program at its 100%-owned Slumber Project. In addition to enlarging the footprint of the epithermal mineralizing system, this recent program intersected higher grades in certain areas and indicates mineralization remains open laterally and to depth.To view the full sized image, please click hereFigure 1: Location of Slumber project and nearby mining operations, past and present.Slumber Gold Project, Humboldt County, NevadaThree drill campaigns have been conducted between August 2019 and early 2022; 29 RC holes (reverse circulation) have been completed, totaling 5,200.9 m (17,063.3 ft).The initial two drilling campaigns focused on a bonanza-style model and targeted a tightly-confined, silicified, and mineralized area in the central part of the Property. While the early drilling did not encounter the desired high-grade structures, it did intercept significant zones of low-grade-oxide gold along the northern limits of the initial drill area. In 2021 NV Gold reinterpreted this zone of mineralized silicification, using CSAMT data and IP-Resistivity to evaluate a wide-open resistivity zone illuminating its correlation with gold mineralization to the north. As a result, most of the 2021-2022 drill holes did encounter significant thicknesses of low-grade-oxide gold distributed over an area of 800+ meters by 350+ meters with thicknesses of 100-150 meters or more (see figures 2-5). Most 2021-2022 holes bottomed in gold mineralization. While drilling was depth-limited by ongoing equipment breakdowns, labor challenges and ground water, the results were highly encouraging.The Company reports that Slumber has now been demonstrated to host a low-grade bulk-tonnage, oxide gold system, which remains open in multiple directions. Drilling remains very widely-spaced over this large area, with reasonable expectations of locating structural and lithologically favorable zones of stron...