NV Gold Corporation reports developments for a mineral exploration company focused on mineral discovery projects, primarily in Nevada, with an additional project in Switzerland. Its company updates identify a Nevada exploration portfolio that includes priority projects such as Slumber, Triple T and SW Pipe.
Recurring news themes include non-brokered private placements, unit financings made up of common shares and purchase warrants, statutory hold periods, warrant terms and acceleration rights, debt settlement transactions, and related-party or insider participation disclosures under Canadian securities rules.
NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) has completed its Phase 2 drill program at the Slumber Gold Project in Nevada. This included 9 reverse circulation drill holes totaling 1,859 m, revealing a new 600-meter-wide oxide gold zone. Notable drill results include 18.3 m @ 0.52 g/t Au starting at 48.7 m in Hole SL-11 and 134.2 m @ 0.14 g/t Au from surface in Hole SL-14. Additional parallel structures remain untested, and follow-up drilling is planned for 2021.
NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) has successfully arranged a non-brokered private placement, generating CDN$3,000,000 in gross proceeds. The placement involves issuing up to 12,000,000 units at CDN$0.25 per unit, each unit consisting of one share and one warrant. Proceeds will advance existing properties, seek new acquisitions, and support general working capital. The company anticipates an active exploration year, leveraging its recent US$10 million agreement with Hochschild Mining and aiming for significant discoveries in Nevada.
NV Gold Corporation announced an option agreement with Hochschild Mining (US) Inc. for the SW Pipe Gold Project, located near the Pipeline Gold Mine in Nevada. The deal includes a US$50,000 initial payment, with Hochschild able to earn a 51% interest through US$7.5 million in exploration spending over five years, plus cash payments. An additional 24% interest can be earned by investing an extra US$2.5 million and completing a Feasibility Study. The project is strategically located next to a major gold mining complex, offering significant exploration potential.
NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) announced the completion of its expanded reverse circulation drill program at the Sandy Gold Project in Nevada. The program comprised 17 drill holes totaling 3,811 m, a 150% increase from the planned 1,500 m. The drilling indicates a mineralized vein system with a strike length of at least 2.4 km and displayed significant hydrothermal alteration and quartz veining. The Company plans to conduct a property-wide induced polarization-resistivity survey to further assess this promising gold system.
NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) has announced an increase in its reverse circulation drill program at the Sandy Gold Project in Nevada, expanding from 1,500 m to approximately 3,100 m due to promising visual indications. The project has yielded rock grab samples showing gold grades up to 18.1 g/t. Current drilling has revealed extensive epithermal gold systems, with some quartz veins measuring up to 30 m wide. The company is optimistic about the potential for high-grade mineralization, with surface alteration indicators covering a significant area.
NV Gold Corporation (OTCQB: NVGLF) has mobilized a reverse circulation drill rig to commence drilling at its wholly owned Slumber Gold Project in Nevada, with plans for up to 2,500 meters across 10 drill holes. This follows delays caused by limited availability of drilling rigs in a busy exploration season. Additionally, upcoming drilling at the Sandy Gold Project will begin post-Slumber drill completion. In contrast, the Exodus Gold Project in British Columbia faces permitting delays, affecting exploration timelines. Financial and operational updates are anticipated in the weeks ahead.
NV Gold Corporation (TSXV: NVX, OTCQB: NVGLF) has appointed Thomas Klein as Manager of Exploration - Nevada, transitioning from his role as senior consulting geologist at Newmont Corporation. With over 25 years of global exploration experience, Klein is expected to lead the exploration of NV Gold's drill-ready projects, particularly the newly permitted Slumber Gold Project. The company's leadership believes Klein's expertise will significantly enhance their exploration strategy and portfolio development in Nevada.
NV Gold Corporation (OTCQB: NVGLF) has received drill approvals for its 2020 reverse circulation drill campaign at the Slumber Gold Project in Nevada, set to begin in early November. The program will entail up to 2,500 meters across 10 drill holes. Recent CSAMT geophysical surveys suggest potential for a high-grade gold system at depth, prompting excitement from the technical team. In addition, drilling at the Sandy Gold Project is already underway.
NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) has begun trading on the OTCQB Venture Market, enhancing its visibility and liquidity for U.S. investors. This upgrade from the OTC Pink Open Market allows NV Gold to attract a broader investor audience without requiring action from existing shareholders. The OTCQB is known for its quality standards, which will improve trading experiences. The company focuses on mineral discoveries in North America with multiple projects, including the high-grade Exodus Gold Project in British Columbia.
NV Gold Corporation (TSXV: NVX, OTC PINK: NVGLF) has announced the initiation of a drill program at its 100% owned Sandy Gold Project in Nevada. The program will involve up to 1,500 meters of drilling across 10 reverse circulation holes, marking the first drilling effort since the early 1990s. NV Gold also expects to receive a drill permit for its Slumber Gold Project in November and is planning a diamond drill program at the Exodus Gold Project in British Columbia. The company is focusing on profitable mineral discoveries leveraging its technical expertise.