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Nevada Exploration Inc. South Grass Valley Project - February 2020 Drilling Update
RENO, Nev., March 02, 2020 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to provide an update regar
About this update from Urz3 Energy Corp.
[{"type":"text","content":" RENO, Nev., March 02, 2020 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to provide an update regarding its ongoing reverse-circulation (“RC”) drilling program at its South Grass Valley Carlin-type gold project (the “Project”). Since beginning the program in January 2020, the Company has completed the first of two planned drilling cycles at three of its targets, for a total of approximately 3,600 meters, for which the Company has now received and begun to review assay results for approximately the first 2,400 metres. The Company is pleased to share that the drilling is proceeding on schedule, and that early results from the first three targets are providing additional confidence in the target concepts, described in detail in the Company’s November 15, 2019, news release and accompanying video (www.nevadaexploration.com/news/2019/nevada-exploration-advancing-four-carlin-type-gold-targets-at-south-grass-valley, and www.youtube.com/watch?v=XYMIH-mqIKo&feature=youtu.be). Specifically, NGE is pleased to report that: At Water Canyon, the first drill hole is now in progress; At Golden Gorge, the first-cycle drill holes have validated the target concept, though were generally located too close to the intrusive – these holes have helped to better define the location of the intrusive margin, and will guide second-cycle drilling further from the intrusive, towards the east; At Waterfall, the first-cycle drilling confirmed the presence of a thick section of favourable carbonate host rocks above the Grass Valley Stock, and NGE is now completing logging and is waiting for full assays to test for evidence of Carlin-type gold deposit (“CTGD”) mineralization; At Freddie, first-cycle drilling confirmed that the large Carlin-type hydrothermal system encountered in earlier drilling extends another kilometre to the WNW; however, only one drill hole, located at the western edge of the target, was completed deep enough to test the targeted lithologic units – assays from this western drill hole, while still highly-anomalous, show decreasing gold and pathfinder budgets, and accordingly, for the second cycle of drilling, the Company will be looking to complete a series of deeper drill holes back towards the east; and Based on a detailed review of a NNW-oriente...