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Nevada Exploration Presents Plans to Advance East Golden Gorge at South Grass Valley
RENO, Nevada, July 13, 2020 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to present its next-stage
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[{"type":"text","content":" RENO, Nevada, July 13, 2020 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to present its next-stage plans to advance the East Golden Gorge target at its district-scale South Grass Valley Carlin-type gold project. The target is defined by the intersection of a series of regional-scale, high-angle faults that the Company has named the Water Canyon structural corridor and a Cambrian-aged limey mudstone (the “Clm Unit”), which together the Company believes represent the dominant primary and secondary controls for the hydrothermal fluids responsible for the mineralization seen in its drilling to date. To advance East Golden Gorge, NGE has designed a 12,500 metre, 10-hole core drilling program to test for potentially-economic mineralization along a 3,500-metre length of the target. To share how NGE is narrowing its search for Carlin-type gold mineralization to East Golden Gorge, the Company has prepared a video that highlights the major geologic features at the project, explains why the results of its latest work have led NGE to East Golden Gorge, and lays out its next-stage plans to advance the project (24 minutes): https://rcl.ink/PB6. The final summary from the full-length technical video is also available as an abbreviated video (4 minutes): https://rcl.ink/PBU. Discussing the Company’s plans at East Golden Gorge, NGE’s President, James Buskard: “When we review the results of our two drilling programs as a whole, what we’re seeing at South Grass Valley is a typical Carlin-type geologic setting with characteristic alteration and anomalous geochemistry across several cubic kilometres of bedrock, which remains open. By integrating the results of our drilling and mapping with the data from our geophysical surveys we believe we have established the primary source for the mineralized hydrothermal fluids responsible for these Carlin-type features, namely the Water Canyon structural corridor. Based on the intensity and zonation of the alteration, gold, and pathfinder concentrations there is strong evidence that the secondary, lateral movement of the fluids through the district was stratigraphically-controlled within the Clm Unit. “With a handle on what we think are both the primary and secondary controls for the mineralized hydrothermal fluid flow ...