NV Gold sends drill rig to Slumber project

Nov 26, 2020

2020-11-25 10:40 ET – News Release

 

Mr. Peter Ball reports

NV GOLD MOBILIZES DRILL RIG TO ITS SLUMBER GOLD PROJECT IN NEVADA AND PROVIDES CORPORATE UPDATE

NV Gold Corp.’s contracted reverse circulation drill rig has arrived on site at the 100-per-cent-controlled and fully permitted Slumber gold project, located approximately 50 miles northwest of Winnemucca, Humboldt county, Nevada, United States. Drilling at Slumber is anticipated to commence at the end of the week and will encompass up to 2,500 metres in up to 10 RC drill holes. In addition to the drill program at Slumber, RC drilling will soon commence at the company’s 100-per-cent-controlled Sandy gold project, located in Lyon county, Nevada.

“We are excited to commence the RC drill program at our Slumber gold project. Nevada is experiencing one of its busiest exploration seasons in years, and, therefore, drilling at the Slumber and Sandy gold projects has been slightly delayed due to the lack of available drill rigs. Targets identified by our technical team at both Slumber and Sandy are exceptional and may potentially host buried high-grade gold vein systems,” commented Peter A. Ball, president and chief executive officer of NV Gold.

For additional information on the Slumber gold project, please refer to NV Gold’s press releases dated Sept. 25, 2020, and Oct. 27, 2020.

Sandy gold project update

The Sandy gold project is fully permitted, and drill pads are now prepared for the upcoming maiden drill program comprising up to 1,500 metres in up to 10 reverse circulation drill holes designed to test for buried high-grade gold veins. The RC drill program at Sandy will commence immediately after the completion of the Slumber drill program. Please refer to the company’s press release dated Oct. 19, 2020, for additional information on the Sandy gold project.

Exodus gold project update

The fall exploration program at the Exodus gold project, located in central British Columbia, Canada, is now complete, and the company will provide an update with final exploration results in the next few weeks after an internal review. A drill permit has not yet been received, and an early-engagement agreement with the Lheidli T’enneh First Nation has not yet been finalized. Exploration drill permits in British Columbia are currently taking longer than anticipated to receive due to COVID-19 and other related issues.

Since acquiring the project in August, 2020, NV Gold has: completed a two-square-kilometre soil geochemistry grid; excavated multiple surface trenches; and conducted property-wide geophysical surveys and follow-up reconnaissance exploration. Once all data have returned, NV Gold’s technical team will undertake a review of the project. Due to permit delays, any proposed drilling will be delayed to early 2021. Please refer to previous press releases on the company’s website for additional information on the Exodus gold project.

About NV Gold Corp.

NV Gold is a well-financed junior exploration company based in Vancouver, B.C., that is focused on delivering value through mineral discoveries in North America, leveraging its highly experienced in-house technical knowledge, and identifying and drilling two to three priority projects per year. NV Gold controls multiple drill-ready projects in Nevada and has entered into an option agreement on the high-grade Exodus gold project in British Columbia, Canada.

We seek Safe Harbor.

https://www.nvgoldcorp.com/

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