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Nevada Exploration Inc. Stakes Additional Claims in Kelly Creek Basin and Updates Geologic Model
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - Nevada Exploration Inc. ("NGE" or the "Company") (TSX VENTURE:NGE)(OTCQX:NVDEF) is pleased to announc
About this update from Urz3 Energy Corp.
[{"type":"text","content":" VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - Nevada Exploration Inc. (\"NGE\" or the \"Company\") (TSX VENTURE:NGE)(OTCQX:NVDEF) is pleased to announce that it has added 76 new claims covering 550 hectares (1,360 acres) to its land position in Nevada's prolific Kelly Creek Basin to secure the growing target defined by NGE`s updated 3D geologic model. The Kelly Creek Basin is located along the Battle Mountain - Eureka Gold Trend, and is bounded by multi-million-ounce gold deposits to the north (Twin Creeks, Getchell, Turquoise Ridge, and Pinson) and south (Lone Tree, Marigold, Trenton Canyon, Converse, Buffalo Valley, Copper Basin, and Phoenix) - together representing more than 70 million ounces of gold along the periphery of the Basin. Despite its close proximity to world-class mineralization, the interior of the Kelly Creek Basin has seen limited systematic exploration activity to date because its bedrock is largely covered by syn- to post-mineral volcanic units and post-mineral alluvium. Recognizing the potential to find significant gold mineralization within the Kelly Creek Basin, dozens of major and junior explorers have spent tens of millions of dollars to follow the prospective geology seen in and proximal to the exposed bedrock in the surrounding mountain ranges beneath the sands and gravels covering the Basin. Within the areas controlled by NGE, this activity has included: Santa Fe Pacific completing wide-spaced bedrock mapping drilling in the 1990s; BHP completing an extensive soil auger geochemistry program through the late 1990s; and Placer Dome completing a reconnaissance-scale reverse circulation program in the early 2000s. Other companies that either now hold or have held claims in the immediate area include Newmont, Barrick, AngloGold, Hemlo, Homestake, and Kennecott. The efforts of each company have added valuable information about the geology of the Basin; however, without a cost effective tool to conduct basin-scale exploration beneath the valley cover, the exploration programs to date in the Kelly Creek Basin have predominantly consisted of unsystematic and uncoordinated efforts focused on relatively small areas. NGE has developed its groundwater chemistry exploration technology specifically to complete large-scale exploration for gold in Nevada`s covered basins. NGE is now using this tech...