Welcome to our dedicated page for Nv Gold news (Ticker: NVGLF), a resource for investors and traders seeking the latest updates and insights on Nv Gold stock.
NV Gold Corporation (OTCQB: NVGLF) is a gold exploration company active on multiple exchanges, including the TSX Venture Exchange under NVX and the Frankfurt Stock Exchange under 8NV. This news page compiles company-issued updates and market announcements so readers can follow NV Gold’s exploration and corporate developments over time.
NV Gold’s news flow frequently highlights its exploration activities in Nevada, USA, where it reports a portfolio of projects and identifies Slumber, Triple T, and SW Pipe as priority assets. Releases have detailed reverse circulation drilling campaigns at the 100%-owned Slumber Gold Project in Humboldt County, Nevada, including reported gold intercepts, geophysical survey results, and interpretations from Qualified Persons under National Instrument 43-101.
Corporate and financing updates are another major component of NV Gold’s news. The company has announced non-brokered private placements involving units composed of common shares and common share purchase warrants, as well as loans from an insider and shares-for-debt settlements. These announcements typically describe intended use of proceeds, such as funding exploration at the Slumber Gold Project, paying regulatory fees, and supporting working capital and general corporate purposes.
Investors can also find information on amendments to property agreements, such as changes to the Triple T Property exploration and mining lease, and stock option grants to directors, officers, and employees under the company’s stock option plan. Each news item provides additional context on NV Gold’s approach to advancing its exploration portfolio and managing its capital structure.
By reviewing the updates on this page, readers can track NV Gold’s drilling progress, financing transactions, and property-related agreements as disclosed in its official news releases.
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.
NV Gold Corporation announced an option agreement with Hochschild Mining (US) Inc. for the SW Pipe Gold Project, located near the Pipeline Gold Mine in Nevada. The deal includes a US$50,000 initial payment, with Hochschild able to earn a 51% interest through US$7.5 million in exploration spending over five years, plus cash payments. An additional 24% interest can be earned by investing an extra US$2.5 million and completing a Feasibility Study. The project is strategically located next to a major gold mining complex, offering significant exploration potential.
NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) announced the completion of its expanded reverse circulation drill program at the Sandy Gold Project in Nevada. The program comprised 17 drill holes totaling 3,811 m, a 150% increase from the planned 1,500 m. The drilling indicates a mineralized vein system with a strike length of at least 2.4 km and displayed significant hydrothermal alteration and quartz veining. The Company plans to conduct a property-wide induced polarization-resistivity survey to further assess this promising gold system.
NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) has announced an increase in its reverse circulation drill program at the Sandy Gold Project in Nevada, expanding from 1,500 m to approximately 3,100 m due to promising visual indications. The project has yielded rock grab samples showing gold grades up to 18.1 g/t. Current drilling has revealed extensive epithermal gold systems, with some quartz veins measuring up to 30 m wide. The company is optimistic about the potential for high-grade mineralization, with surface alteration indicators covering a significant area.
NV Gold Corporation (OTCQB: NVGLF) has mobilized a reverse circulation drill rig to commence drilling at its wholly owned Slumber Gold Project in Nevada, with plans for up to 2,500 meters across 10 drill holes. This follows delays caused by limited availability of drilling rigs in a busy exploration season. Additionally, upcoming drilling at the Sandy Gold Project will begin post-Slumber drill completion. In contrast, the Exodus Gold Project in British Columbia faces permitting delays, affecting exploration timelines. Financial and operational updates are anticipated in the weeks ahead.
NV Gold Corporation (TSXV: NVX, OTCQB: NVGLF) has appointed Thomas Klein as Manager of Exploration - Nevada, transitioning from his role as senior consulting geologist at Newmont Corporation. With over 25 years of global exploration experience, Klein is expected to lead the exploration of NV Gold's drill-ready projects, particularly the newly permitted Slumber Gold Project. The company's leadership believes Klein's expertise will significantly enhance their exploration strategy and portfolio development in Nevada.
NV Gold Corporation (OTCQB: NVGLF) has received drill approvals for its 2020 reverse circulation drill campaign at the Slumber Gold Project in Nevada, set to begin in early November. The program will entail up to 2,500 meters across 10 drill holes. Recent CSAMT geophysical surveys suggest potential for a high-grade gold system at depth, prompting excitement from the technical team. In addition, drilling at the Sandy Gold Project is already underway.
NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) has begun trading on the OTCQB Venture Market, enhancing its visibility and liquidity for U.S. investors. This upgrade from the OTC Pink Open Market allows NV Gold to attract a broader investor audience without requiring action from existing shareholders. The OTCQB is known for its quality standards, which will improve trading experiences. The company focuses on mineral discoveries in North America with multiple projects, including the high-grade Exodus Gold Project in British Columbia.