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Nevada Exploration Inc. June 2019 Exploration Update, South Grass Valley Gold Project, Battle Mountain – Eureka (Cortez) Trend, Nevada
RENO, Nev., June 27, 2019 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to provide its stakeholders
About this update from Urz3 Energy Corp.
[{"type":"text","content":" RENO, Nev., June 27, 2019 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to provide its stakeholders with an update on its June 2019 exploration activities. Since beginning its 2019 field program at South Grass Valley (the “Project”), the Company has completed drill hole SGVC009 to a depth of 621 metres, and is now drilling hole SGVC010, which is located 500 metres northwest of SGVC009. Preliminary logging has confirmed that the significant Carlin-type geologic features seen in NGE’s earlier drill holes extend northwards beyond the limits of the Phase 1 drilling area, and has established that the bottom of SGVC009 contains the most intense multi-phase silicification and secondary pyrite seen to date at the Project. Discussing the ongoing drilling, Wade Hodges, NGE’s CEO: “We’re off to a great start. Our Phase 1 drilling established we have a large Carlin-type hydrothermal system at the Project, along with a characteristic gold and pathfinder budget. The next step in systematically advancing and derisking the Project is to establish places where geologic conditions may have provided suitable catalysts, or controls, to focus the deposition of gold to form higher grades. Not only did SGVC009 bottom in the best-looking rocks we’ve seen so far in terms of the type and degree of alteration they contain, importantly, we’re also now seeing abrupt transitions in alteration minerals and textures coincident with abundant secondary pyrite veining, which are indicative of the sorts of rapid changes in solution chemistry that are often associated with zones of efficient gold deposition. With such positive encouragement from SGVC009, we’ve stepped to the north again with SGVC010, and this time will be working hard to get the drill hole deeper to collect more information from these highly prospective units.” As described in more detail in the Company’s news release dated May 16, 2019, based on the results of Phase 1 drilling, NGE has built a geologic model that domains the Project into smaller target areas, and suggests significant potential to identify additional targets. Driven by this model, NGE’s plan for its current phase of exploration is to use a combination of diamond core drill holes, reverse circulation drill holes, and soil sampling...