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.
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NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) has confirmed a correlation between a low-resistivity zone and potential gold mineralization at its Slumber Gold Project in Nevada. The Q4-2021 drilling program has completed five holes totaling approximately 900 meters, visually indicating strong alteration over a 500-meter extension. Initial analytical results are expected in January 2022. The company plans to expand geophysical coverage and initiate core drilling. NV Gold aims to explore multiple projects over the next 12-18 months, leveraging its position in the productive Nevada gold province.
NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) has commenced drilling at the Slumber Gold Project in Humboldt County, Nevada. The initial phase will include up to 1,500 meters across 6-8 RC drill holes, focusing on a potential shallow oxide gold system identified in late 2020. This marks the third phase of drilling at Slumber, with the program expected to extend through Q4 2021 and perhaps into Q2 2022. CEO John Watson emphasizes the new exploration strategy targeting under-explored areas to enhance discovery potential.
NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) announced the completion of 3 Notices of Intent (NOI) for drilling at its Slumber, Discovery Bay, and Pickhandle projects in Nevada. A 2D seismic survey was also completed at the SW Pipe Project. Upcoming plans include a drill program at Slumber starting later this month, a four-hole program at Discovery Bay in November, and a drilling program at Pickhandle in December. The company is focused on advancing multiple high-potential projects, aiming to deliver shareholder value over the next 18 months.
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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.
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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.