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Nevada Exploration Inc. South Grass Valley Project - January 2020 Drilling Update
VANCOUVER, British Columbia, Jan. 30, 2020 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to provide
About this update from Urz3 Energy Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 30, 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”). Shortly after beginning the program on January 6, 2020, the Company mobilized a second drill rig to the Project, and has now drilled a total of 2,146 metres. Based on preliminary geologic logging, the Company is pleased to report that the additional drill holes are improving both the resolution of and its confidence in its exploration model at the Project. Specifically, NGE is pleased to report that: (1) the silicic blanket seen in the northern cluster of 2018-2019 core holes has now been intersected further to the west, beneath the Freddie target area; (2) drilling at the northern end of the Golden Gorge target area has encountered the hornfels contact aureole predicted based upon the Company’s exploration model; and (3) drilling at the Waterfall target area intersected a thick section (125 metre) of favourable black, limey mudstone and siliceous mudstone and chert, that together sit immediately above the granite associated with the Grass Valley Stock. The significance of these results is highlighted under each of the specific target areas below. The Project is located approximately 50 kilometres south-southwest of the Cortez complex operated by Nevada Gold Mines (Barrick Gold Corp. and Newmont Mining Corp. joint venture) and Barrick Gold Corp.’s latest Fourmile discovery. As described in detail in the Company’s November 15, 2019, news release (www.nevadaexploration.com/news/2019/nevada-exploration-advancing-four-carlin-type-gold-targets-at-south-grass-valley) and accompanying video (www.youtube.com/watch?v=XYMIH-mqIKo&feature=youtu.be), NGE has designed a 9,500-metre reverse-circulation (“RC”) drilling program to achieve specific objectives at four target areas at the Project (Water Canyon, Golden Gorge, Waterfall, and Freddie). Below is a summary of activities to date at each target area. Water Canyon No drilling activity yet. NGE expects to commence drilling at the Water Canyon target area during February 2020. Golden Gorge NGE’s first drill hole of the program at the Golden Gorge targ...