Nv GOLD Acquires Strategic Land Position Near Twin Creeks MINE, Nevada
NV GOLD CORPORATION
Suite 810 - 609 Granville Street
PO Box 10356 Pacific Centre
Vancouver, BC V7Y1G5
March 6, 2017 Trading Symbol: NVX
NV GOLD ACQUIRES STRATEGIC LAND POSITION NEAR TWIN
CREEKS MINE, NEVADA
Vancouver, British Columbia – NV Gold Corporation (TSX.V: NVX) (“NV Gold” or the
“Company”) is pleased to announce it has acquir ed, through staking of 217 lode mining
claims, approximately 17 sq km of mineral rights covering a strategic area near Newmont
Mining Corporation’s Twin Creeks mine, as well as Barrick’s Getchell and Turquoise
Ridge operations in northwest Nevada. NV Gold has named the new claims the “Across-
the-Valley,” or “ATV” project.
The ATV project is entirely covered by a veneer of young gravels and volcanic rocks, but
interpretation of gravity data and struct ural modeling by NV Gold suggests potential for
discovery of “Twin Creeks” type Carlin mineralization at shallow depths ( Figure 1 ).
Previous drilling near the property by E volving Gold Corp determined favorable
Paleozoic sedimentary rocks lie as close as 100 meters within surface.
NV Gold will soon undertake collection of additiona l gravity data to help refine targets.
The Company plans to use proceeds from its recently closed private placement to
undertake a first round drill pr ogram around mid-year. Depende nt on interpretation of
new gravity data, this program will comprise drilling of six to eight reverse circulation
stratigraphic test holes, each to depths of a few hundred meters. The goal of this first
program will be to verify depths to favorable sedimentary rocks as well as test and refine
NV Gold’s overall structural model.
It should be noted that ATV is a high-ris k, conceptual explora tion project with no
certainty of success. This said, should NV Gold verify its model and encounter favorable
rocks at shallow depths as hoped, this program will open up a very important new
exploration concept in Nevada, one of the most prolific gold provinces on Earth.
NV Gold’s CEO, John Watson added “The ATV project follows NVX’s primary
directive, which is to crea te value through the experi ence and knowledge of its
management team. This concept is both creative and compelling. Nevada has been the
focus of significant gold exploration for se veral decades and new discoveries are made
from new ideas and willingness to take risks.”
Quinton Hennigh (Ph.D., P.Geo.) is the Qualif ied Person pursuant to National Instrument
43-101 responsible for, and having reviewed and approved, the technical information
contained in this news rel ease. Dr. Hennigh is President, CEO and a Director of Novo
Resources Corp. and a director of NV Gold.
(Figure 1: Schematic section through the Os good Mountains to the ATV project, looking
northeast. Structural modeling by NV Gold suggests favorable sedimentary host rocks
for Carlin style mineralization potentially underlie the ATV pr oject at shallow depths. A
thin veneer of young gravels and volcanic ro cks (yellow) overlie Paleozoic sedimentary
rocks (purple). Red indicates gold mineralization or pot ential gold mineralization at
ATV. Depth to favorable rocks is thought to be within a few hundr ed meters of surface
within much of the ATV project area.)
About NV Gold Corporation
NV Gold is junior exploration company base d in Vancouver, British Columbia that is
focused on delivering value through mineral discoveries utilizing the prospector
generator model. Leveraging its highly e xperienced in-house technical knowledge, NV
Gold’s geological team intends to use its geological database, which contains a vast
treasury of field knowledge spanning decades of research and exploration, combined with
a portfolio of mineral properties in Nevada , to create opportunities for lease or joint
venture. NV Gold plans to aggressively acquire additional land positions for the growth
of its business.
On behalf of the Board of Directors,
(sgd.) "John E. Watson"
President and CEO
For further information, visit the Company’s website at www.nvgoldcorp.com or contact:
John E. Watson,
Phone: 303.674.9400
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Forward Looking Statements
This news release includes certain forward‐looking statements o r information. All statements other
t h a n s t a t e m e n t s o f h i s t o r i c a l f a c t i n c l u d e d i n t h i s r e l e a s e , i ncluding, without limitation, statements
regarding the interpretation of gravity data, the structural mo deling by NV Gold (including the
diagram) and that it suggests potential for discovery of “Twin Creeks” type Carlin mineralization at
shallow depths (within a few hundred meters) at the ATV propert y, the planned exploration
consisting of drilling of six to eight reverse circulation stratigraphic test holes, each to depths of a few
hundred meters, the goal of the program being to verify depths t o f a v o r a b l e s e d i m e n t a r y r o c k s a s
well as test and refine NV Gold’s overall structural model and that, if achieved, it will open up a very
important new exploration concept in Nevada, the depiction of potential gold mineralization in the
diagram, the potential to sell, lease or joint venture any of the Company’s properties, and other future
plans and objectives of the Compa n y , i n c l u d i n g e x p l o r a t i o n p l a ns, are forward‐looking statements
t h a t i n v o l v e v a r i o u s r i s k s a n d u n c e r t a i n t i e s . T h e r e c a n b e n o assurance that such statements will
prove to be accurate and actual results and future events could differ materially from those
anticipated in such statements. Important factors that could ca use actual results to differ materially
from the Company's plans or expectations include r e g u l a t o r y i s sues, market prices, availability of
capital and financing, general economic, market or business con ditions, timeliness of government or
regulatory approvals and other risks detailed herein and from t ime to time in the filings made by the
Company with securities regulators. The Company disclaims any i ntention or obligation to update or
r e v i s e a n y f o r w a r d ‐ l o o k i n g s t a t e m e n t s w h e t h e r a s a r e s u l t o f n ew information, future events or
otherwise except as otherwise required by applicable securities legislation.