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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 has identified five new mercury vapor anomalies at its Slumber Gold Project in Humboldt County, Nevada, indicating potential concealed gold mineralization. The survey detected mercury vapor values exceeding 100 nanograms outside known gold zones. Previous drilling campaigns from 2019 to 2022 confirmed a low-grade oxide gold system with significant intercepts, including 18.3 m @ 0.52 g/t Au. The company plans to test the newly discovered anomalies to explore further gold potential, leveraging a proven methodology to locate concealed mineralization.
Nevada Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) announces a significant geochemical anomaly at its SW Pipe Gold Project in Nevada. The property includes 84 unpatented mining claims, located near the Pipeline gold mine. Recent soil sampling identified extensive Carlin-type geochemical anomalies involving various elements. Previous drilling indicated near-surface oxide-gold mineralization. The new target area, defined by two intersecting faults, presents a promising opportunity for further exploration. Results from a Mercury-vapor survey are pending.
NV Gold Corporation has received the approval for the Notice of Intent (NOI) for its Triple T Gold Project located in Pershing County, Nevada. This project comprises 41 claims and is situated near significant gold mining operations. Historical drilling has yielded gold grades up to 11.7 g/t Au and other promising results. The company will begin construction for 10 additional drilling holes by the end of the month as part of its exploration initiatives, aiming to enhance the project's potential and advance it to a pre-discovery stage.
NV Gold Corporation (OTCQB:NVGLF) has appointed Robert Ferguson of Freeform Communications to enhance its investor relations and communication strategies. This one-year retainer includes a monthly fee of $4,000 plus GST/HST, along with an option for 250,000 common shares at $0.075 per share, vesting quarterly. NV Gold has no debt and approximately 80 million shares issued, positioning itself for productive exploration in Nevada.
NV Gold Corporation has completed four Reverse Circulation (RC) holes totaling 1,600 feet at the Sandy Project and is launching a two to four-hole drilling program at the Pickhandle Gold Project in Nevada. The Pickhandle site, which has never been drilled, lies near significant gold deposits and shows promising geological features indicative of a Carlin-type gold environment, with rock chip samples reaching 1.5 g/t Au. The company is well-financed, with around 80 million shares issued, and is focused on mineral discovery in Nevada.
NV Gold Corporation has announced its exploration and drilling program for 2022-2023, focusing on six key projects in Nevada. The Company has initiated drilling at the Sandy Project and is analyzing 31 targets identified by Goldspot Discoveries using its AI technology. The program includes significant drilling activities across several sites, with specific meters allocated for each project. The CEO highlighted the potential for significant discoveries as many targets have not been drilled before. The statement emphasizes the importance of the Company's extensive land package in Nevada.
NV Gold Corporation (OTC PINK:NVGLF) announced the completion of its Data Library Project in collaboration with GoldSpot Discoveries Corp., aimed at digitizing extensive geological data from Nevada and beyond. This initiative, involving over 40 years of data compilation costing over US$20 million, resulted in the identification of 31 new exploration targets. GoldSpot scanned numerous files and maps, enhancing NV Gold's competitive edge in the exploration sector. The findings are expected to streamline evaluation and focus on promising projects.
NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) has appointed John Seaberg as its new Chief Executive Officer. Seaberg brings extensive experience from previous roles including CFO at Condor Gold plc and Senior VP at Calibre Mining. His background in finance and investor relations is expected to drive the company's exploration strategy in Nevada. Along with his CEO appointment, he also joins the Board of Directors, while John Watson remains as Chairman. Additionally, NV Gold has granted 3,100,000 stock options to directors and officers at C$0.10 per share.
NV Gold Corporation has reported positive results from its 2021-22 drilling program at the Slumber Project in Nevada, demonstrating significant widths of low-grade oxide gold mineralization. Key results include 112m at 0.26 gpt from hole SL-27 and 47m at 0.32 gpt from hole SL-25. The mineralized system remains open laterally and at depth, indicating the potential for higher grades. Despite current grades being sub-economic, there is optimism for finding better grades through further exploration.
NV Gold Corporation has launched a four-hole drilling program at the Discovery Bay Gold Project in Nevada, aiming for a potential Carlin-type gold system. The drilling will cover approximately 1500 - 1800 meters and is expected to be completed in about six weeks. This initiative seeks to explore an under-explored area, potentially rich in mineralization, near established gold districts like the McCoy Cove. The project aligns with NV Gold's strategy to develop a comprehensive model of its geological setting while confirming the presence of valuable host lithologies.