NV Gold receives drill permits for Slumber

Oct 27, 2020

2020-10-27 10:08 ET – News Release

Mr. Peter Ball reports

NV GOLD RECEIVES PERMITS FOR ITS PHASE II DRILL PROGRAM AT ITS SLUMBER GOLD PROJECT IN NEVADA

NV Gold Corporation has received all necessary drill approvals for its 2020 reverse circulation drill campaign at its 100-per-cent controlled Slumber gold project located approximately 50 miles northwest of Winnemucca, Humboldt County, Nevada, United States. NV Gold’s 2020 drill program, anticipated to commence in early November, will encompass up to 2,500 metres in up to 10 reverse circulation drill holes.

“Targets generated at Slumber by recent CSAMT geophysical surveys are exceptional. Our technical team, which includes Dr. Quinton Hennigh and Dr. Odin Christensen, believes the Slumber gold project may potentially host a buried high-grade gold system at depth beneath shallowly drilled areas tested last year,” commented Peter A. Ball, president and chief executive officer of NV Gold. “In addition to planned drilling at Slumber, NV Gold’s Sandy gold project drill campaign is now underway in western Nevada, and work at the Exodus gold project in British Columbia continues to advance the project to drill readiness. This fall season is quickly shaping up to be NV Gold’s busiest and most exciting exploration period in many years.”

For additional information on the Slumber gold project, which was leased in 2019, please refer to NV Gold’s press release, dated Sept. 25, 2020.

Interpretation of the recent CSAMT data highlighted several high-angle high-resistivity zones within a north-northeast-oriented focus area generally coincident with the area of reduced magnetic response. Such high-resistivity zones, surrounded by zones of greater conductivity, are a key feature characteristic of epithermal veins. Similar features are present on five of the six CSAMT lines.

Quinton Hennigh, PhD, PGeo, is a qualified person pursuant to National Instrument 43-101 and has reviewed and approved the technical information contained in this news release. Dr. Hennigh is a director of NV Gold and is not independent and is also the president, chairman and a director of Novo Resources Corp.

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/