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Nevada Exploration Inc. South Grass Valley Project - March 2020 Drilling Update
RENO, Nev., March 31, 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 31, 2020 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to provide an update regarding its 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 its two planned drilling cycles at all four of its initial targets, and has begun the second cycle of drilling at its Golden Gorge and Freddie targets. NGE is pleased to share that early results have significantly improved the resolution of the Company’s geologic model at this covered, district-scale Carlin-type mineral system, and have focused the Company’s efforts at each of its target areas. Specifically, the Company reports that: At Water Canyon, NGE has completed first-cycle drilling – initial assays show highly-anomalous Carlin-type gold deposit (“CTGD”) pathfinder geochemistry, and once the Company has received all assays it will begin detailed logging of the sample chips; At Golden Gorge, NGE has attempted two second-cycle drill holes, both of which successfully encountered lower plate, though the RC drill rig could not reach target depths at either location; At Waterfall, NGE has received all assays for the first-cycle drill holes – in general, gold and pathfinders are lower than at Golden Gorge and Freddie; At Freddie, based on results of first-cycle drilling, NGE has begun second-cycle drilling to sample thicker sections of the targeted lithologic units; however, similar to at Golden Gorge, the RC drill rig is performing below expectations in terms of its penetration rate; and At East Golden Gorge, NGE believes that the target area may represent a common, deeper feeder system to the shallower mineralization seen up dip (to the west) at Golden Gorge and Freddie, and the Company expects to incorporate advancing Eastern Golden Gorge into its next phase of drilling. Discussing the program, Wade Hodges, NGE CEO: “As we shared in our last update, the first cycle of drilling accomplished its objectives in terms of improving the resolution of our geologic model across each target area, as well as refining the larger geologic context across this otherwise-covered, district-scale project. Driven by this improved resolution, we’...