Nevada Exploration Provides Geologic Update at South Grass Valley Project - Cortez Trend, Nevada

About this update from Urz3 Energy Corp.

[{"type":"text","content":" RENO, Nev., July 11, 2018 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE) (OTCQB:NVDEF) is pleased to report that its ongoing work at South Grass Valley has established further evidence for a Carlin-type mineral system at the Project.  Specifically, based on the latest research on the size and nature of the isotope and geochemical footprints surrounding large Carlin-type gold deposits (“CTGDs”) in Nevada, NGE believes that the bedrock exposed in outcrop at Goodwin Butte, approximately 800 metres northwest from the northern end of the covered exploration target at South Grass Valley, exhibits characteristic hallmarks of the geochemical and alteration footprint seen at Cortez Hills, located 48 km to the north. Researchers from the Mineral Deposit Research Unit at the University of British Columbia (“MDRU”) have examined thousands of rock samples from in and around large CTGDs in the Carlin and Cortez (Battle Mountain- Eureka) Trends to establish the background concentrations and anomalous thresholds for geochemical and isotope pathfinders associated with CTGDs, as well as the size of the resulting footprints and halos in the surrounding bedrock for each pathfinder defined by these thresholds.  The importance of this research is that it establishes the characteristics of the hydrothermal fluid flow pathways, which are critical building blocks of these large systems, as well as the relative relationships of pathfinders to a deposit over distance.  Together this provides the information required for vectoring in bedrock during early-stage drilling at a project, especially during the first few drill holes, prior to encountering significant concentrations of gold. At Barrick Gold Corp.’s Cortez Hills deposit, MDRU analysed approximately 2,200 bedrock samples for carbon and oxygen isotopes, and integrated these results with a large geochemistry drill hole database.  Based on this large sample set, the MDRU research shows that at Cortez Hills (the nearest large CTGD to NGE’s South Grass Valley Project) the isotopes and pathfinder elements travelled outboard of the economic mineralization in the following order by distance (nearest to farthest, analogous to a bullseye): Au < 13C & Tl < Sb < Hg < As < 18O.  Where the mineralized hydrothermal fluids encountered zo...

More updates from Urz3 Energy Corp.