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.
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.
NV Gold Corporation (OTCQB:NVGLF) announced the appointment of Thomas Klein as Vice President of Exploration. Klein brings over 25 years of experience, including notable gold discoveries globally. He previously served as a consultant and Exploration Manager for NV Gold, reinforcing the company's exploration capabilities. Catherine Samson also joins the geological team, enhancing expertise. NV Gold is well-financed with ~$5 million in treasury and no debt, gearing up for a busy exploration year in 2021, focusing on its extensive mineral property portfolio.
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.