NV Gold Announces Commencement of 2021 Exploration Season with its Upcoming Drill Program at its Slumber Gold Project
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
Tel: +1 888 363 9883
www.nvgoldcorp.com
NV Gold Announces Commencement of 2021 Exploration Season with
its Upcoming Drill Program at its Slumber Gold Project
June 1, 2021 - NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) (“NV Gold” or
the “Company”) is pleased to announce its upcoming Phase 3 drill program at its 100%
controlled Slumber Gold Project (“Slumber”) , located approximately 50 miles
northwest of Winnemucca, Humboldt County, Nevada, USA.
“NV Gold is excited to commence its 2021 exploration season at its Slumber Gold Project.
The Phase 3 drill program will initially be focused on a recently discovered near surface
oxide gold zone, where positive results including 18.3m grading 0.52 g/t Au in silicified
rhyolite was intersected. Discovering a near surface mineralized gold system in Nevada in
excess of 0.5 g/t Au and proximal to local mining operations , which are producing gold
with a lower gold grade, is exciting,” commented Peter A. Ball, President and CEO of
NV Gold. “We will complete a structural review of existing data to assist targeting the
potentially higher grade deeper mineralized structure s that f ed this system, which we
anticipate being able to conduct with a follow -up deep core drilling program later this
year. NV Gold is fully financed with in excess of $4.5M in cash, $1.6M of warrants in the
money, and no debt. It will be our busiest year in our corporate history, with multiple gold
projects currently under review for acquisition and drilling. The Company is finalizing
results and modelling from our Sandy Gold Project drill program, and anticipates also
announcing a Phase 2 deep core hole drill program for 2021.”
Phase 3 Slumber Gold Project Drill Program Highlights
• The drill program will consist of approximately 8 reverse circulation (“RC”)
drill holes, totaling up to 1,500 m (~4,920 ft).
• Each RC drill hole will target near surface oxide gold mineralization to
determine extent of the interpreted 600m x 300m near surface zone, and to also
test two additional parallel structures identified by recent stream sediment and
rock chip sampling.
• During Phase 2, the oxidized and s ilicified rhyolite mineralization intersected
correlated well with the resistive blanket identified in a previously completed
geophysical CSAMT survey.
• With the project currently fully permitted, t he drill program is expected to
commence by July 2021, when the RC drill rig is mobilized to site.
2
Please refer to NV Gold’s press release dated May 20 th, 2021 for additional
information on recent drilling at the Slumber Gold Project, including detail on the near
surface oxide zone intersected and deep core hole targets identified.
Quinton Hennigh (Ph.D., P.Geo.) 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 direct or of NV Gold and is not independent and
is also the President, Chairman and a Director of Novo Resources Corp.
About NV Gold Corporation
NV Gold (TSXV: NVX; OTCQB: NVGLF) is a well-financed exploration company with
~77 million shares issued, close to $4.5M in its treasury and no debt. The Company is
based in Vancouver, British Columbia and is focused on delivering value through mineral
discoveries in Nevada, USA , leveraging its highly experienced in -house technical
knowledge. 2021 will be NV Gold’s busiest exploration year in its corporate history.
On behalf of the Board of Directors,
Peter A. Ball
President & CEO
For further information, visit the Company’s website at www.nvgoldcorp.com or
contact:
Peter A. Ball, President & CEO
Phone: 1 -888-363-9883
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 or information. All statements other than statements of historical fact
included in this release, including, without limitation, statements regarding the Company’s planned exploration activities, including the
planned Phase 3 deep core hole program at the Slumber Gold Project, the Phase 2 deep core hole program at the Sandy Gold Project,
the potential for a discovery at its properties, and acquisition of new gold projects 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 diffe r materially
from the Company's plans or expectation s 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 structures
extend on to the Company’s Proj ects 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
as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.