NV Gold and GoldSpot Discoveries Corp. Completes Data Library Project; Targeting over 30 New Potentially Prospective Areas in Nevada
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
Tel: +1 888 363 9883
www.nvgoldcorp.com
August 11, 2022
NV Gold and GoldSpot Discoveries Corp. Completes Data Library
Project; Targeting over 30 New Potentially Prospective Areas in
Nevada
VANCOUVER, BC / ACCESSWIRE / August 11, 2022 / NV Gold
Corporation (TSXV:NVX)(OTC PINK:NVGLF) (“NV Gold” or the “Company”) is pleased to
announce the finalization of the strategic data analysis (The Data Library Project) by GoldSpot
Discoveries Corp. (“GoldSpot”) (SPOT).
NV Gold’s Data Library consists of multiple data compilations, covering Nevada and
elsewhere, including extensive proprietary exploration files created by AngloGold, USMX,
Canyon Resources and oth ers. Multiple significant regional geological, geochemical, and
geophysical exploration programs generated this data, comprised of over 40 years of effort,
and at a historical cost in excess of US$20 million.
Goldspot handled the legacy data inventory reviewing 241 file boxes and large numbers of rolled
maps that were stored in NV Gold’s warehouse in Reno, Nevada. A total of 1,186 individual files
were scanned and the georeferenced maps were sorted by their designated county.
Data extracted from the scanned documents included:
• Rock samples;
• Soil (Stream) samples;
• Significant drill hole intercepts;
• Geological maps;
• Geochemical maps;
• Geophysical surveys;
• Interpretive maps; and
• Mineralized trends projected at surface.
One of the most effective data layers for gold targeting is the surface rock samples. GoldSpot
evaluated areas peripheral to each anomalous rock sample noting its host, its exploration potential
and generating ranked exploration targets. The targets were ranked on the published geology of
the areas and on other proprietary criteria.
In total, GoldSpot identified 31 targets which were categorized and ranked, to be evaluated by
NV Gold’s technical team.
“I am excited about the outcome of this data analysis and the results presented by GoldSpot and
their technical team. It has been our plan to get NV Gold’s extensive geological databases into a
digital format, homogenized and analyzed. The Company now has a cutting-edge advantage over
other explorers in Nevada, and NV Gold will look forward to analyzing and potentially to adding
new highly prospective properties with discovery potential to our Exploration Pipeline.”
commented Thomas Klein, VP Exploration of NV Gold.
2
About GoldSpot Discoveries Corp.
GoldSpot Discoveries Corp. (SPOT) is a technology and investment company that leverages
machine learning to reduce capital risk while working to increase efficiency and success rates in
resource exploration and investment. GoldSpot Discoveries combines proprietary technology
with traditional domain expertise, offering a front-to-back service solution to its partners, and in
some cases, capital to initiate exploration programs. GoldSpot’s solutions target big data
problems, making full use of historically unutilized data to better comprehend resource property
potential.
John Watson, NV Gold’s Chairman added, “Historical data can be of great value for many
reasons. New geologic models continue to evolve and historical results can illuminate new
concepts that can lead to new discoveries. Knowledge of previous work can save many man-
hours and avoid duplication of field effort, thus making exploration expenditures more focused
and efficient. SPOT’s analysis should lead to efficient evaluation of priority areas and add
promising new projects.”
About NV Gold Corporation
NV Gold is a junior exploration company based in Vancouver, British Columbia that is focused
on making significant gold discoveries in Nevada through focused exploration activities. The
Company aims to quickly evaluate and advance mineral opportunities to drill-ready stage
utilizing its widely recognized and experienced technical team and its extensive historical data.
On behalf of the Board of Directors,
John Seaberg
Chief Executive Officer
For further information, visit the Company’s website at www.nvgoldcorp.com or contact:
Freeform Communications at 604.245.0054
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 or information. All
statements other than statements of hist orical fact included in this release, including,
without limitation, statements regarding the Company’s identification of new target areas
and other planned exploration activities, are forward -looking statements that involve
various risks and uncertainties . There can be no 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 cause actual results to differ
materially from t he Company’s plans or expectations include regulatory issues, market
prices, availability of capital and financing, general economic, market or business
conditions, timeliness of government or regulatory approvals, the extent to which
mineralized structure s extend on to the Company’s Projects and other risks detailed herein
and from time to time in the filings made by the Company with securities regulators. The
Company disclaims any intention or obligation to update or revise any forward -looking
statements whether because of new information, future events or otherwise, except as
otherwise required by applicable securities legislation.
3
SOURCE: NV Gold Corporation