NV Gold Announces Drill Programs at Slumber and Frazier Dome Gold Projects in Nevada
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
Tel: +1 888 363 9883
www.nvgoldcorp.com
NV Gold Announces Drill Programs at Slumber and
Frazier Dome Gold Projects in Nevada
August 1, 2019 - Vancouver, British Columbia – NV Gold Corporation (TSXV: NVX;
US: NVGLF) (“NV Gold” or the “Company”) is pleased to announce that the Company
will commence drilling at both the Slumber (“Slumber”) and Frazier Dome (“Frazier”)
Gold Projects in August 2019. The total of both exploration programs is planned to be up
to 1,600 meters of reverse circulation (“RC”) drilling, which may be extended at a later
date, pending results.
"Our technical team has completed the evaluation and modelling of both the Slumber and
Frazier Dome Gold Projects in preparation for our upcoming August drill campaigns. We
are excited to te st both projects, as each demonstrates compelling high -grade gold
potential," commented Peter A. Ball, NV Gold’s President. “In addition, we continue to
extract new exploration project s from our geological databases , and are in current
discussions with several possible partners for strategic alliances on other gold and silver
projects in our portfolio.”
Slumber Gold Project Drill Program (up to 1,200 meters):
• At Slumber (mostly obscured by widespread alluvial cover ), recent gravity and
ground geophysical surveys helped identify a series of targets within a large hidden
structural zone that is coincident with a magnetic -low, measuring approximately
2,000 m long by 300 m wide.
• The magnetic-low has an irregular outline that is believed to correspond to
hydrothermal alteration and destruction of the magnetite originally present in the
rock, and may encompass several upwell ing feeders . Linear features in the
magnetic-low are consistent with the structural fabric of the surrounding volcani c
rocks.
• Geological modelling has identified multiple drill targets focused on structural
intersections associated with magnetic -lows, to better understand the gold system
geometry, and to test for zonal relations (alteration, geochemical, other) that may
assist in vectoring in on bonanza-grade at depth.
Frazier Dome Gold Project Drill Program (up to 400 meters):
• At Frazier Dome, 80% of the property is covered by post -mineral volcanic
rocks and alluvium .
• A follow-up deeper hole drill program is planned based on encouraging results
from the Company’s’ 2018 program. The Company believes a robust gold deposit
may occur deeper on the claim block after the presence of long runs of anomalous
gold and silver were identified in 2018.
• The drill target for August is focused on expanding the volume of known gold
mineralization, testing for potential zonal relations (including increasing gold with
depth), and vectoring on bonanza-grade feeder zones.
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 director of NV Gold and is not independent and is also the
President, Chairman and a Director of Novo Resources Corp.
Please refer to press releases dated April 2 nd, 2019 and July 18 th, 2019 for additional
information on the geological models for both th e Frazier Dome and Slumber Gold
Projects.
The Company has selected New Frontier Drilling LLC, of Fallon, Nevada to complete both
drill programs.
About NV Gold Corporation
NV Gold is a junior exploration company based in Vancouver, British Columbia that is
focused on delivering value through mineral discoveries. Leveraging its highly
experienced in-house technical knowledge, NV Gold’s geological team intends to utilize
its geological databases, which contains a vast treasury of field knowled ge spanning
decades of research and exploration, combined with a portfolio of mineral properties in
Nevada, to prioritize key projects for focused exploration programs.
On behalf of the Board of Directors,
John E. Watson
Chairman
For further information, visit the Company’s website at www.nvgoldcorp.com or
contact:
Peter A. Ball, President & COO
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
drilling and success of either of Slumber and Frazier Dome Gold Projects. 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 r esults to differ materially
from the 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 and othe r 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.