Nv Gold Corp Stock Price, News & Analysis

NV Gold Corporation has contracted Drill NV Inc. for up to 6,000 meters of reverse circulation drilling, set to begin in October. The initial focus will be on the Slumber Project, with subsequent drilling at Discovery Bay and Pickhandle Projects. CEO John Watson emphasizes the aim to identify higher-grade gold mineralization based on previous drilling and geophysical data. The company remains optimistic about the potential of its projects despite uncertainties including market conditions and regulatory approvals.

NV Gold Corporation (OTCQB: NVGLF) has completed detailed mapping and Leapfrog modeling at its Slumber Gold Project in Nevada. A new 600-meter-wide mineralized oxide gold zone has been identified, with notable drill intercepts, including 18.3 m @ 0.52 g/t Au. This newly discovered zone will be prioritized for a Phase 3 drilling campaign set to commence in October 2021. Additionally, mapping suggests that gold mineralization may extend beyond previous drilling results, indicating potential for future discoveries and advancement towards a discovery stage in 2022.

NV Gold Corporation provided an update on its exploration projects in Nevada, highlighting activities at the Slumber, Sandy, Discovery Bay, Pickhandle, and Spanish Canyon projects. Recent drilling at Slumber expanded mineralization, while maiden drilling at Sandy outlined gold over 2 kilometers. Upcoming programs include geophysical assessments and drilling preparations for several projects, with maiden drilling expected in Q1 or Q2 2022. The company aims to intensify exploration to leverage its extensive property portfolio and experienced team, making 2021 its most active year.

NV Gold Corp. announced the retirement of Dr. Quinton Hennigh as a director, who has been part of the board since 2009. He is stepping down to focus on his role at CRESCAT Capital but will remain an advisor. The company is advancing with drilling preparations at its Nevada projects, including Slumber, Discovery Bay, and Pickhandle, with plans to commence drilling in late September or early October, despite challenges in procuring drilling equipment. NV Gold holds over 20 properties in Nevada and anticipates a busy year ahead.

NV Gold Corporation announces the resignation of Peter A. Ball as President and CEO after five years, with two years served in the CEO role. He will continue as an advisor to assist with the transition. John Watson, the Chairman, will serve as Interim CEO while the Board seeks a permanent replacement. During Ball's tenure, the company expanded its exploration portfolio and introduced new programs. NV Gold aims to have its most active exploration year to date in 2021, focusing on mineral discoveries in Nevada.

Nevada-based NV Gold Corporation (OTCQB:NVGLF) announced the completion of its expanded reverse circulation drill program at the Sandy Gold Project. This program consisted of 17 drill holes totaling 3,811 meters, identifying a significant epithermal gold system. Highlights include a best intercept of 22.9 meters at 0.65 g/t Au. Although the results did not hit immediate economic grades, the extensive alteration footprint and ongoing exploration indicate potential for future discovery. NV Gold is well-funded with over $4.5 million for 2021 exploration activities.

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) appointed Howard Golden as a new Director, succeeding Dr. Odin Christensen, who remains as a Technical Consultant. Golden brings over 40 years of experience in global exploration and has been instrumental in several major mineral discoveries. His leadership is expected to enhance NV Gold's prospects for mineral discoveries in Nevada. The company granted him stock options for 200,000 shares at $0.35 each. 2021 is projected to be NV Gold's busiest exploration year.