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Nevada Exploration South Grass Valley Carlin-Type Gold Project – April 2022 Update
Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE; OTCQB:NVDEF) is pleased to provide its April update from the ongoing exploration program at its Sou
About this update from Urz3 Energy Corp.
[{"type":"text","content":" Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE; OTCQB:NVDEF) is pleased to provide its April update from the ongoing exploration program at its South Grass Valley Carlin-type gold project (the “Project”), as well as invite its stakeholders to visit with its management and technical team at several upcoming industry conferences. Current drill hole SGVC014 is advancing at an 80-degree angle to the east, along the projected margin of the Grass Valley Stock, and is currently at a depth of 560 metres. The drillhole entered lower-plate bedrock, consisting of Antelope Valley Formation, at a depth of 130 metres and is now proceeding through what is interpreted to be the lower Goodwin Formation – the unit expected to sit immediately above the targeted Hales Formation. The units encountered have been cross-cut by numerous fracture and fault zones that have been exploited by multiple periods of hydrothermal fluid flow associated with highly anomalous Carlin-type pathfinders based on pXRF analysis. The early logging from SGVC014 closely matches the geology predicted by the Company’s geologic model, and the alteration and pXRF data confirm the Carlin-type mineral system at South Grass Valley was active at this western edge of the southern fence of holes, and suggest the hydrothermal fluids were sourced from depth, in the direction of the primary targeted Hales Formation below. Additionally, to continue the planned SGVC013 drillhole deeper, to reach the targeted Hales Formation proximal to where this favourable unit intersects the major Water Canyon structural corridor, NGE’s drilling contractor has sourced and is now awaiting delivery of the casing required to complete a new deeper pre-collar to resume drilling at the eastern end of this fence. Upcoming Events NGE is pleased to welcome its stakeholders to visit with its team at the following upcoming industry events: GEOLOGIC SOCIETY OF NEVADA SYMPOSIUM LOCATION: Sparks, NevadaDATES: Monday to Thursday, May 2-5, 2022REGISTRATION & INFO: www.gsnsymposium.orgNGE BOOTH: 77PRESENTATIONS: NGE team members invited to present in session titled “Geochemical Crossroads: Time to Look Deeper and Under Cover” (May 4). Exploration Through Cover: Unearthing the Next Generation of Gold Deposits in the World Class Carlin-Type Deposits of Nevada - Simon J. Griffiths, NGE Senior Technical Ad...