- NV Gold (NVX) has correlated a low-resistivity zone with possible gold mineralization at its Slumber Project in Nevada
- Initial drill holes have extended the zone of alteration by at least 500 m to the north while demonstrating significant thickness as well (+150 m)
- Analytical results from the drill program are expected to be received in mid-to-late January
- NV Gold is a well-financed exploration company focused on delivering value through mineral discoveries in Nevada and Switzerland
- NV Gold (NVX) is unchanged trading at $0.165 per share
NV Gold (NVX) has correlated a low-resistivity zone with possible gold mineralization at its Slumber Project in Nevada.
The Q4 2021 drill program seeks to test this correlation as identified by last year’s CSAMT work.
The initial holes have extended the zone of alteration by at least 500 m to the north while demonstrating significant thickness as well (+150 m). All holes into the resistor zone have encountered highly-brecciated, silicified, hematitic rocks that remained in strong alteration at termination.
Initial analytical results from the drill program are expected to be received in mid-to-late January.
The company continues its focus on Nevada and the Great Basin. It plans to drill 4-6 projects in the next 12-18 months.
Thomas Klein, NV’s VP of Exploration, stated,
“I am very pleased with these preliminary drilling results. This drilling campaign was designed to give Slumber an additional chance to move to a pre-discovery level. I am gratified to see these intensely silicified and brecciated rocks supporting the reinterpretation of the geological model. High grades would be a success, pointing towards a discovery.
NV Gold will expand the geophysical coverage and utilize core drilling equipment to test the extensive and thick piles of mineralized silicified rock possibly containing high-grade sulphide feeders.”
NV Gold is a well-financed exploration company focused on delivering value through mineral discoveries in Nevada and Switzerland.
NV Gold (NVX) is unchanged trading at $0.165 per share as of 10:17 am EST.
