Nv Gold Corp Stock Price, News & Analysis

NV Gold Corporation has announced progress on its SW Pipe Project in Lander County, Nevada, with exploration activities advancing. Key highlights include:

• Completion of the first drill pad and securing permits for additional drilling.
• A drill rig is set to commence drilling in late April 2023.

Previous exploration showed promising results, including gold values reaching up to 1.74 ppm from chip sampling in 2022, and historic drilling from 1989 revealed intersections like 0.442 g/t over 16.8 m. The project is strategically located near major gold deposits, raising expectations for potential discoveries. The company maintains a robust structure with approximately 80 million shares outstanding and no debt, underscoring its commitment to mineral exploration in Nevada.

NV Gold Corporation has approved the issuance of 1,225,000 stock options to its officers, directors, and consultants, allowing them to purchase the same number of common shares. Each option is exercisable for five years at an exercise price of $0.07 per share, pending approval from the TSX Venture Exchange. With approximately 89 million shares issued and no debt, NV Gold is positioned to leverage its extensive property portfolio and geological data library for future mineral discoveries in Nevada. The company is focused on delivering value through exploration and expects 2023 to be a productive year.

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) has successfully completed its non-brokered private placement, as announced on April 20, 2023. The Company issued 8,807,334 units at $0.06 per unit, generating gross proceeds of $528,440. Each unit includes one common share and one-half warrant, with warrants exercisable at $0.12 for two years. The placement involved related party transactions where certain directors and officers acquired a total of 2,916,667 units. The funds will be allocated for exploration activities in Nevada and general corporate purposes. The private placement is subject to approval by the TSX Venture Exchange.

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) has reported a technical update for its Slumber Gold Project in Nevada, revealing an estimated exploration target of 150,000 - 450,000 ounces of gold. The project is located near notable gold deposits like the Sleeper mine. The analysis incorporates data from 29 reverse circulation drill holes completed between 2019 and 2022. The exploration target involves potential tonnages of 35-50 million tons at grades of 0.15-0.31 grams per ton. The management expresses optimism for further exploration opportunities, emphasizing potential for significant gold discoveries.

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) announced a non-brokered private placement aimed at raising up to $500,000. The offering will consist of 8,333,333 units priced at $0.06 each, with each unit including one common share and one-half of a common share purchase warrant. The warrants can be exercised at $0.12 for two years, subject to acceleration clauses. Funds will be allocated towards exploration in Nevada and general expenses. The company boasts around 80 million shares issued and no debt, with 21 exploration projects covering approximately 53.4 square kilometers in Nevada.

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) announced the approval of its Notice of Intent (NOI) for the SW Pipe Gold Project in Lander County, Nevada. The U.S. Bureau of Land Management confirmed the NOI is complete, allowing the company to proceed with drilling activities. The SW Pipe project comprises 84 claims and is strategically located near major gold mines. Historical drilling indicated a near-surface oxide-gold zone. NV Gold plans to start drill-testing in Q1 2023, subject to necessary resources. The company aims to leverage its extensive geological data to enhance mineral discoveries in Nevada.

NV Gold Corporation has announced its exploration priorities for 2023, focusing on three main projects: SW Pipe, Slumber, and Triple T gold projects. These projects will be pursued subject to capital availability. The company aims to conduct an extensive exploration campaign across over 30 new areas identified through its Data Library Project, in collaboration with GoldSpot Discoveries Corp.. Notable drilling targets include a potentially multi-million-ounce gold deposit at SW Pipe, as well as the commencement of drilling at Slumber and Triple T in the second quarter of 2023. NV Gold remains well-positioned to leverage its strategic landholdings and extensive geological data in Nevada.