Nv Gold Corp Stock Price, News & Analysis

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) has successfully raised $556,900 through the exercise of warrants from previous private placements, involving the issuance of 2,759,500 shares. Following this, the company's treasury nears $5 million, bolstering its plans for an aggressive multi-project drill program over the next 12 months. CEO Peter A. Ball expressed gratitude to shareholders and highlighted the company's intent to expand its Nevada project portfolio, aiming for significant gold discoveries in 2021, marking it as the company's most active exploration year.

NV Gold Corporation has entered a Lease Agreement with Mountain Gold Claims for the Spanish Canyon Gold Project in Nye County, Nevada. This project, characterized as a drill-ready gold initiative, presents a favorable geological setting with historical sampling indicating mineralization. The Company aims to explore this untested gold system in 2021 and leverage its expertise to enhance value through mineral discoveries. NV Gold remains financially robust, with approximately $4.5 million in treasury and no debt, marking 2021 as its most active exploration year.

NV Gold Corporation has entered into a Lease Agreement to acquire a 100% interest in the Pickhandle Gold Project located in Lander County, Nevada. This project is positioned near significant gold deposits, suggesting strong potential for discovery. Historical rock chip sampling indicated gold values as high as 1.5 g/t Au. NV Gold plans to initiate a Phase 1 exploration program, with ambitions for an aggressive drilling campaign throughout 2021. The company currently has ~77 million shares issued and approximately $4.5 million in treasury, indicating a robust financial standing.

NV Gold Corporation has entered a Lease Agreement for the Discovery Bay Gold Property in Lander County, Nevada. The project is considered drill-ready with potential similarities to the Cove-McCoy Gold Project. CEO Peter A. Ball emphasizes this acquisition as part of NV Gold's active exploration strategy for 2021. The company also staked 39 additional claims around the site and plans to conduct surveys to guide drilling. With approximately $4.5 million in treasury and no debt, NV Gold aims to leverage its technical expertise for mineral discoveries.

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) announced that its common shares now trade on the Frankfurt Stock Exchange (FSE) under the symbol 8NV, effective June 1, 2021. CEO Peter A. Ball stated that this listing is expected to boost trading liquidity and attract institutional and retail investors in Europe, enhancing the company's exposure. NV Gold is well-financed with approximately $4.5 million in treasury and no debt, focusing on mineral discoveries in Nevada. 2021 is forecasted to be the company's busiest exploration year.

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) announces its Phase 3 drill program at the Slumber Gold Project in Nevada. Scheduled to start by July 2021, the program will include approximately 8 reverse circulation drill holes, targeting a newly discovered near-surface oxide gold zone. Initial results indicated 18.3m grading 0.52 g/t Au. NV Gold is well-financed with over $4.5M in cash and no debt, positioning it for an active exploration year with plans for additional projects and detailed structural reviews of existing data.

Nevada Gold Corporation has successfully completed a private placement of CDN$3,000,000, selling 12,000,000 units at CDN$0.25 each. Each unit includes one share and one warrant, which can be exercised at CDN$0.40 until May 2024. The funds will enhance exploration in Nevada, especially for the Slumber and Sandy Gold Projects. Crescat Capital, a major investor, increased its stake to approximately 11.63% of the issued shares. Additionally, 605,000 stock options were granted to officers at a price of CDN$0.50, reflecting a premium over the private placement price.

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.