Welcome to our dedicated page for Nv Gold news (Ticker: NVGLF), a resource for investors and traders seeking the latest updates and insights on Nv Gold stock.
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 (OTCQB:NVGLF) has announced significant drill results from its 100%-owned Slumber Gold Project in Humboldt County, Nevada. The June 2025 drilling campaign, comprising 5 drillholes totaling 964.7 meters, successfully identified gold mineralization 1.5 kilometers north of previously known zones.
Key highlights include intercepts from hole SL-30 showing 1.092 gpt Au from 192.02m to 195.06m, and multiple mineralized zones in SL-31 with grades ranging from 0.489 to 0.619 gpt Au. The Slumber project, comprising 85 lode mining claims, features volcanic-hosted epithermal gold mineralization and has shown potential for oxide gold recovery.
The company has completed three previous drill campaigns since 2019, with the latest results suggesting a significantly larger oxide gold system than previously established.
NV Gold (OTCQB:NVGLF) has announced a second amendment to its Triple T Property lease agreement. The company will issue 456,600 common shares at C$0.12 per share to settle an annual payment of US$40,000 (approximately C$54,800) owed to the Triple T lessees.
The amendment modifies the exploration and mining lease agreement originally dated June 21, 2021, and previously amended on June 7, 2024. The Payment Shares will be subject to TSX Venture Exchange approval and a four-month statutory hold period from issuance.
NV Gold Corporation (OTCQB:NVGLF) has amended its Triple T Property lease agreement in Pershing County, Nevada. The company will issue 313,000 common shares at C$0.175 per share to settle an annual payment of US$40,000 (approximately C$54,800) under the agreement.
The amended agreement modifies the terms of the original exploration and mining lease agreement from June 21, 2021, which was previously amended on June 7, 2024. The Payment Shares will be subject to TSX Venture Exchange approval and a four-month statutory hold period.
NV Gold Corporation (OTCQB:NVGLF) has completed the first tranche of its previously announced non-brokered private placement, raising $349,800 through the issuance of 3,498,000 units at $0.10 per unit. Each unit includes one common share and one warrant exercisable at $0.20 per share for 24 months.
Notably, President, CEO, and Chairman John Watson acquired 2,950,000 units for $295,000, increasing his ownership to approximately 54.20% of outstanding shares on an undiluted basis and 62.35% on a partially diluted basis. The proceeds will fund exploration at the company's Slumber Gold Project and working capital needs.
NV Gold Corporation (NVGLF) has announced the commencement of a 4,000-foot Reverse Circulation Drill Program at its wholly-owned Slumber Gold Project in Nevada. The drilling program will consist of 7 holes, each ranging from 500-700 feet in depth, targeting new areas identified through previous geophysical and sampling programs. The project is strategically located 50 miles northwest of Winnemucca and 21.7 miles west of the Sleeper gold deposit in Humboldt County. New Frontier Drilling from Fallon, Nevada, will execute the program, scheduled to begin in June 2025 with an expected duration of 2-3 weeks.
NV Gold (TSXV:NVX)(OTCQB:NVGLF) has announced a shares for debt transaction to settle outstanding loans totaling US$419,050 (C$580,677.58) through the issuance of 5,161,578 common shares at C$0.1125 per share. The debt settlement involves loans made between June 2023 and January 2025 by John Watson, the company's President, Chairman, CEO and director.
The transaction is classified as a 'related party transaction' under MI 61-101, but is exempt from formal valuation and minority approval requirements due to the company's serious financial difficulties. The settlement shares will be subject to a four-month statutory hold period and requires TSX Venture Exchange approval. Interest accrued on the debt remains outstanding.
NV Gold (NVGLF) has announced that its President, Chairman, CEO and director John Watson has exercised 100,000 common share purchase warrants at $0.30 per warrant, generating proceeds of $30,000 for the company.
Following this transaction, Watson's holdings increased to 2,040,543 common shares, 97,500 stock options, and 1,025,000 warrants. His ownership now represents approximately 20.25% of the company's outstanding shares (28.25% on a partially diluted basis). This increase has made Watson a 'Control Person' of the company, a status that received disinterested shareholder approval at the annual general meeting on January 23, 2025.
NV Gold (TSXV:NVX)(OTCQB:NVGLF) has secured an extension of its exploration permit for the Surselva Gold Project in Switzerland until October 2030. The project, located in the Surselva district of Graubunden Canton, is 100% owned through SwissGold Exploration AG.
The project features historical drilling results, including significant intercepts from 1986-1991, with one hole intersecting 1.13 g/t Au over 75 meters. The exploration permit allows for geological, geophysical, and geochemical surveys, drilling, and excavation on public lands. Three priority exploration targets have been identified and are drill-ready.
Additionally, the company announced the resignation of Howard Golden from its board of directors.