Business
Nevada Exploration Inc. Connects Groundwater Plumes to Bedrock Gold Mineralization at Kelly Creek
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 21, 2017) - Nevada Exploration Inc. ("NGE" or the "Company") (TSX VENTURE:NGE) (OTCQX:NVDEF) is pleased to repo
About this update from Urz3 Energy Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 21, 2017) - Nevada Exploration Inc. (\"NGE\" or the \"Company\") (TSX VENTURE:NGE) (OTCQX:NVDEF) is pleased to report that the Scorpion sampling program at the Kelly Creek project is encountering significant enriched gold at the bedrock-alluvium contact. The results of the Scorpion sampling program have established that the elevated gold and gold-associated trace-element geochemistry at Kelly Creek is consistent with the size and characteristics of the hydrothermal system associated with the nearby Marigold and Lone Tree gold deposits. NGE's Scorpion drill rig was custom-designed to provide low-cost, early-stage drilling for the purpose of collecting groundwater, alluvium, and bedrock geochemistry samples at NGE's gold projects in Nevada's highly-prospective and under-explored covered basins. Based on the results of the Scorpion sampling program at Kelly Creek, NGE is successfully using its Scorpion drill rig to vector in to bedrock-hosted mineralization that can now be followed with conventional exploration methods. NGE has completed 53 Scorpion drill holes at Kelly Creek, totaling approximately 4,560 m (15,000 ft). The drill holes ranged in depth from 23 - 146 m (75 - 480 ft); and 38 of the 53 drill holes intersected bedrock. In addition to sampling alluvium and bedrock at 1.5 m (5 ft) intervals, NGE collected approximately 490 groundwater samples, generally at 9 m (30 ft) down-hole intervals. The Scorpion holes were focused along four fences across NGE's primary targets defined by earlier, wider-spaced groundwater sampling on a regional structure known to control mineralization at the Marigold gold mine, as well as along four additional fences across parallel target areas. Hole spacing varied from 50 - 400 m (160 - 1,312 ft) along the fences, which were spaced between 150 - 1,000 m (490 - 3,280 ft) apart. The results of Scorpion sampling at Kelly Creek confirm that the enriched gold in groundwater seen in earlier programs is now supported by elevated gold and related geochemistry in both alluvium and bedrock at depth, as well as increasing concentrations of gold in groundwater at depth. Together, the groundwater results define a hydrogeochemical plume of elevated gold and related elements measuring 2.2 km (1.4 mi) in strike length and 1.6 km (1 mi) in width, beneath 45 - 245 m ...