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Nevada Exploration Provides South Grass Valley Project Update
VANCOUVER, British Columbia, Jan. 22, 2018 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE) (OTCQB:NVDEF) provides an update on
About this update from Urz3 Energy Corp.
[{"type":"text","content":"VANCOUVER, British Columbia, Jan. 22, 2018 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE) (OTCQB:NVDEF) provides an update on the results of its ongoing detailed 3D hydrogeochemistry program at its 100%-owned South Grass Valley Project in Nevada. NGE has received assay results from 88 groundwater samples, from 44 of 54 new boreholes completed since the beginning of November 2017, and the Company is pleased to report that the South Grass Valley target is resolving into a focused, north-south lineament of enriched gold in groundwater above a projected shallow bedrock shelf of favourable lower-plate host rocks. Due to challenging ground conditions, namely course boulder layers, NGE has predominantly completed the recent sampling boreholes using its GeoprobeTM equipment, rather than with its Scorpion drill rig, as initially planned. While the GeoprobeTM collects shallower samples, in this round of sampling from 30 m to depths up to 64 m, it is still able to provide multiple samples per hole, allowing for 3D interpretation of the hydrogeochemistry, and importantly, is much faster, allowing NGE to complete sampling boreholes at approximately five times the rate of the Scorpion. As a result, NGE has collected broader sample coverage than expected, although providing samples from not as deep. With this increased sampling density, NGE has collected sufficient groundwater level data to accurately model the regional direction of groundwater flow, providing important information to interpret the results at the Project. In terms of the gold-in-groundwater results, the values ranged from less than detection to a high of 447 ppt, representing considerably higher enrichment than seen in earlier sampling at the Project. The image below shows all of: (i) the results of NGE’s earlier basin-scale sampling program in the larger Grass Valley (which identified both the South Grass Valley Project as well as NGE’s Grass Valley Project at the north end of the valley); (ii) the collar locations of NGE’s South Grass Valley boreholes, shown with groundwater elevation contours; and (iii) the updated distribution of gold-in-groundwater at the Project, showing all assays received to date. Discussing the results, NGE’s CEO, Wade Hodges: “We’re excited to share with our stakeholders that as we tight...