VANCOUVER, BC - NV Gold Corporation (TSXV: NVX) (OTCQB: NVGLF) (FSE: 8NV) ('NV Gold' or the 'Company') is pleased to provide an update on new drill results from its 100%-owned Slumber Gold Project ('Slumber'), located 80 kilometers (50 miles) west-northwest of Winnemucca and 37 kilometers (23 miles) west of the Sleeper gold deposit in Humboldt County.
The June 2025 reverse circulation drilling campaign completed 5 five drillholes, totaling 964.7 meters (3165 feet). The drill holes were completed to test surface mercury vapor anomalies away from previously known gold hosting zones.
The 2025 drilling campaign successfully tested mercury vapor anomalies and identified an extension of the known oxide gold mineralization at least 1.5 kilometers north of the previously reverse circulation defined gold zones, as reported in the News Release of March 21, 2023.
Results indicate that Slumber reverse circulation drill holes SL-30, SL-31 and SL-32 returned significant gold values as highlighted below.
SL-30 from 192.02 m (630') to 195.06 m (645') at 1.092 gpt Au
SL-31 from 150.9 m (495') to 158.5 m (520') at 0.489 gpt Au
SL-31 from 163.1 m (535') to 166.1 m (545') at 0.619 gpt Au
SL-31 from 181.36 m (590') to 190.5 m (625') at 0.490 gpt Au
SL-32 from 160.0 m (520') to 161.5 m (530') at 0.673 gpt Au
John Watson, NV Gold's CEO commented - 'The Slumber Project continues to expand with our work in 2025. Hole SL 30 was drilled 1.7 km north of our previous drilling and hole SL 31 was completed 0.33 km north. Both holes returned highly encouraging intercepts of gold mineralization and both bottomed in grade. The 2025 Program results suggest that the oxide gold system is much larger than previously established, with potential to be a major discovery.'
Slumber Project Highlights
The Slumber property comprises 85 lode mining claims, is strategically located near active gold mining operations.
The project is volcanic-hosted epithermal gold mineralization found in a structural corridor along the southern Jackson Mountains.
Three previous drill campaigns have been conducted by NVX since 2019. 29 RC holes (reverse circulation) were completed, totaling 5,200.9 m (17,063.3 ft).
Geophysical surveys, including the CSAMT survey conducted in 2019 and an induced polarization (IP) survey in 2022, have identified a continuous north-south to north-northeast-trending resistivity zone correlated with gold mineralization. The resistivity anomaly indicates hydrothermally brecciated, highly silicified volcanics with broad thicknesses returning gold values.
On November 1st, 2022, NV Gold announced the identification of five new mercury vapor targets at the Slumber Gold Project at Humboldt County, Nevada. Three of these anomalies were successfully tested by the current program.
On March 21st, 2023, NV Gold announced the results of an 'Exploration Target' analysis. An 'Exploration Target provides a potential range of tons and grades and is conceptual in nature, the probability of confirmation is not known. News Release of March 21, 2023.
Preliminary widely spaced AuCN tests conducted in 2022 'potentially high' gold recovery.
Thomas Klein, NVX Consultant stated, 'The Slumber Gold Project is one of the most exciting projects I have had the pleasure of working on since my time in Nevada. The gold zone is extensive and the 2025 stepouts, up to 1.75 km, exhibit the same mineralization style with increasing gold grades suggesting higher-grade gold mineralization at depth, with potential high-grade feeders yet to be discovered. Slumber is in the early stage of discovery, and I am very optimistic that the Slumber gold system will grow significantly. I am confident that further drilling could lead to the next major oxide gold discovery in Nevada.'
Jesse Wellman, C.P.G, QP for the Slumber project stated, 'Thanks to the NV Gold Corp.'s 2025 drilling program the Slumber Gold Project now has gold intercepts in drilling covering nearly 2.5 km from north to south, and 0.5 km east to west with most directions remaining open. The pyroclastic/volcaniclastic hosted epithermal system appears to be well altered, mineralized, and oxidized. Bleaching/leaching and silicification are the most common alteration types, with local argillic, and quartz rich zones. Iron oxides after pyrite, with occasional relict textures, are widespread. Additional work is needed to fully understand the structural and host rock controls. From what is known currently the geology appears permissive to expand significantly the extent of contained oxide gold.'
Analytical Laboratory and QA/QC Procedures
The company used an MPD-1500 reverse circulation drill of New Frontier Drilling, Fallon Nevada. All 2025 Slumber drilling was 'reverse circulation' type, returning rock samples that range in size from
(C) 2025 Electronic News Publishing, source ENP Newswire