NV Gold Plans Drilling Program For Frazier Dome Property
TSX VENTURE: NVX
VANCOUVER, British Columbia, Aug. 07, 2018 (GLOBE NEWSWIRE) -- NV Gold Corporation (TSX.V: NVX; OTC Pink: NVGLF) (“NV Gold” or the “Company”) has begun its previously announced reverse-circulation, rotary drill program on the Company’s 100% owned Frazier Dome gold project, located in Nye County, Nevada. The 8-10 hole 1,500+ m drill program is estimated at a cost of $200,000 USD, and should be completed by the end of September.
Drilling will focus on targets associated with high-angle shear zones that have yielded rock-chip values in excess of 5g Au per ton. The targets are proximal to wide shear zones in Tertiary volcanics, which unconformably overlay the Paleozoic sedimentary rocks of the area.
The Frazier Dome property is located in the Walker Lane mineralized zone approximately 8 kilometers north of Tonopah in Nye County.
Exploration activities at the Frazier Dome Gold project are being conducted under the supervision of Dr. Marcus Johnston, Exploration Manager for NV Gold. Assays will be performed by ALS Chemex (Reno, Nevada and Vancouver, BC, Canada). The data verification procedures and QA/QC procedures for the program will include inserting certified standards and blanks into the sample stream. Rig duplicates will also be collected.
About NV Gold Corporation
NV Gold is a junior exploration company based in Vancouver, British Columbia that is focused on delivering value through mineral discoveries utilizing the prospector generator model and through direct exploration activities. Leveraging its highly experienced in-house technical knowledge, NV Gold’s geological team intends to use its geological database, which contains a vast treasury of field knowledge spanning decades of research and exploration, combined with a portfolio of mineral properties in Nevada, to create opportunities for discovery, lease or joint venture. NV Gold plans to aggressively acquire additional land positions for the growth of its business.
On behalf of the Board of Directors,
John E. Watson
President and CEO
For further information, visit the Company’s website at www.nvgoldcorp.com or contact:
John E. Watson,
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Caution Regarding Forward-Looking Statements – This news release contains certain forward-looking statements, regarding the existence of a resource on the property and the securing of drilling permits and undertaking drilling on the property. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include not receiving approval of a drilling permit and uncertainties associated with mineral resources including unsuccessful exploration results, the availability of funding for mineral exploration and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf.