NV Gold Announces Expansion of Holdings and Drill Program at the Slumber Gold Project in Nevada
Rhea-AI Summary
NV Gold (OTCQB:NVGLF) announced a 5,000-meter (15,000-foot) reverse circulation drill program at its 100%-owned Slumber Gold Project in Humboldt County, Nevada. Premier Drilling will execute 20–30 holes, each 175–375 meters deep, targeting new gold mineralization based on prior drilling, mapping and sampling.
The campaign is scheduled to start in early September and run 6–8 weeks. NV Gold also completed a mining and exploration lease on about 1,500 acres of private land between its Awakening and Slumber target areas, expanding the project to 120 lode claims plus the new leased ground. The company reports ~32.4 million shares outstanding and no debt.
Positive
- 5,000-meter RC drill program at Slumber targeting 20–30 holes
- 1,500-acre mining and exploration lease expanding Slumber land position
- Project footprint now 120 lode claims plus leased fee land
- Prior drilling intercepted mineralized thicknesses up to 175 meters
- Capital structure: ~32.4 million shares outstanding and no debt
Negative
- None.
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VANCOUVER, BC / ACCESS Newswire / August 6, 2026 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company"), is pleased to announce the initiation of a 5,000-meter (15,000-foot) Reverse Circulation Drill Program at its
In addition, the Company announces the completion of a mining and exploration lease covering approximately 1,500 acres of fee (private) land adjacent to the Company's mining claims. This lease is located between and adjacent to the Company's two drilling target areas at Awakening (north) and Slumber (south). The new lease area could potentially connect the previously reported gold zones. The drilling area encompasses a surface dimension of nearly 3 kilometers (~10,000 feet) northeast to southwest and varies in width up to 1 kilometer (~3,000 feet). Previous drilling has encountered mineralized thicknesses up to 175 meters (~570 feet).
Premier Drilling, based in Elko, Nevada has been retained to carry out the Reverse Circulation drill program comprised of 20-30 holes ranging in depth from 175-375 meters (~550 to 1,200 feet) from surface. Targets for these drill holes have been designed to test potential new areas of gold mineralization derived from previous drilling results, combined with surface sampling and mapping. Drilling is scheduled to begin during the first week of September and is expected to last 6-8 weeks.
Qualified Person: The technical information in this document was reviewed, and approved by Jesse D. Wellman, CPG, an American Institute of Professional Geologists certified Professional Geologist, and is a Qualified Person as defined in the NI 43-101. Jesse D. Wellman, CPG is a consulting Economic Geologist, and Qualified Person with over 20 years' experience in precious metals exploration, discovery, and development. Mr. Wellman is a contract geologist working on NV Gold Corporation projects.
About the Slumber Gold Project
The Property now comprises 120 lode mining claims and 1,500 acres of leased fee land. Slumber geology consists of volcanic-hosted epithermal gold (and low silver) mineralization found in a structural corridor along the southern Jackson Mountains. The gold system has been interpreted with graben-like structures controlling silicification and minor quartz veining in volcanic and sedimentary rocks. The main host rocks are of rhyolitic composition (Trf, Trx & Tra) underlain by fresh to weakly altered Paleozoic greenstone. Most of the gold mineralization occurs in extensively-oxidized, hematite breccias (Trf) and silicified lithic tuff zones (Trx). Gold values can increase when intercepted by quartz flooding and veining. Drilling has also encountered displaced decalcified, gold-bearing (up to 0.64 g/t Au) carbonate rock in low-angle structures, suggesting additional potential within the area.
About NV Gold Corporation
NV Gold Corporation is a well-organized exploration company with ~32.4 million shares issued and no debt. NV Gold has numerous exploration projects in Nevada with has two priority projects - Slumber and SW Pipe. The Company is based in Vancouver, British Columbia, and Reno, Nevada and is focused on delivering value through mineral discoveries in Nevada, USA. Leveraging its expansive property portfolio, its highly experienced in-house technical team, and its extensive geological data library, 2026 promises to be highly productive for NV Gold.
On behalf of the Board of Directors,
John Watson, President, Chairman, CEO and Director
For further information, visit the Company's website at www.nvx.gold or contact
Freeform Communications at 604.245.0054
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accept responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of the management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could"," should"," would" or 'occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include, without limitation, statements related to management's expectations and intentions. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Readers are cautioned that the forgoing list of factors is not exhaustive. Although the management of the Company has attempted to identify factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities. We seek safe harbor.
SOURCE: NV Gold Corporation
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