NV Gold Announces Drill Results at Slumber, including 28.95 m of 0.433 p/t Gold in step out RC hole, over 1.5 Kilometers north of known gold hosting zones.
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NV Gold Announces Drill Results at Slumber, including 28.95 m
of 0.433 p/t Gold in step out RC hole, over 1.5 Kilometers north of
known gold hosting zones.
August 21, 2025
VANCOUVER, BC / ACCESSWIRE / August 21. 2025 / NV Gold Corporation
(TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) (“NV Gold” or the “Company”) is pleased to provide
an update on new drill results from its 100%-owned Slumber Gold Project ("Slumber"),
located 80 kilometers (50 miles) west-northwest of Winnemucca and 37 kilometers (23 miles)
west of the Sleeper gold deposit in Humboldt County (see Figure 1). The June 2025 reverse
circulation drilling campaign completed 5 five drillholes, totaling 964.7 meters (3165 feet).
The drill holes were completed to test surface mercury vapor anomalies away from previously
known gold hosting zones.
The 2025 drilling campaign successfully tested mercury vapor anomalies and identified an
extension of the known oxide gold mineralization at least 1.5 kilometers north of the
previously reverse circulation defined gold zones, as reported in the News Release of March
21, 2023.
Results indicate that Slumber reverse circulation drill holes SL-30, SL-31 and SL-32 returned
significant gold values as highlighted below. Table 1 contains all gold intercepts.
• SL-30 from 192.02 m (630') to 195.06 m (645') at 1.092 gpt Au
• SL-31 from 150.9 m (495') to 158.5 m (520') at 0.489 gpt Au
• SL-31 from 163.1 m (535') to 166.1 m (545') at 0.619 gpt Au
• SL-31 from 181.36 m (590') to 190.5 m (625') at 0.490 gpt Au
• SL-32 from 160.0 m (520') to 161.5 m (530') at 0.673 gpt Au
John Watson, NV Gold’s CEO commented – “The Slumber Project continues to expand with
our work in 2025. Hole SL 30 was drilled 1.7 km north of our previous drilling and hole SL 31
was completed 0.33 km north. Both holes returned highly encouraging intercepts of gold
mineralization and both bottomed in grade. The 2025 Program results suggest that the oxide
gold system is much larger than previously established, with potential to be a major
discovery.”
Suite 250 - 750 West Pender Street
Vancouver, BC V6C 2T7 Canada
Tel: 604-245-0054
www.nvgoldcorp.com
Figure 1: Location of Slumber project and nearby active and inactive mining operations.
Slumber Project Highlights:
• The Slumber property comprises 85 lode mining claims, is strategically located near
active gold mining operations.
• The project is volcanic-hosted epithermal gold mineralization found in a structural
corridor along the southern Jackson Mountains.
• Three previous drill campaigns have been conducted by NVX since 2019. 29 RC
holes (reverse circulation) were completed, totaling 5,200.9 m (17,063.3 ft).
• Geophysical surveys, including the CSAMT survey conducted in 2019 and an induced
polarization (IP) survey in 2022, have identified a continuous north-south to north-
northeast-trending resistivity zone correlated with gold mineralization. The resistivity
anomaly indicates hydrothermally brecciated, highly silicified volcanics with broad
thicknesses returning gold values (see Figure 3).
• On November 1st, 2022, NV Gold announced the identification of five new mercury
vapor targets at the Slumber Gold Project at Humboldt County, Nevada. Three of
these anomalies were successfully tested by the current program.
• On March 21st, 2023, NV Gold announced the results of an “Exploration Target”
analysis. An ‘Exploration Target provides a potential range of tons and grades and is
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conceptual in nature, the probability of confirmation is not known. News Release of
March 21, 2023.
• Preliminary widely spaced AuCN tests conducted in 2022 “potentially high” gold
recovery. See discussion in the News Release of May 2022.
Thomas Klein, NVX Consultant stated, “The Slumber Gold Project is one of the most exciting
projects I have had the pleasure of working on since my time in Nevada. The gold zone is
extensive and the 2025 stepouts, up to 1.75 km, exhibit the same mineralization style with
increasing gold grades suggesting higher-grade gold mineralization at depth, with potential
high-grade feeders yet to be discovered. Slumber is in the early stage of discovery, and I am
very optimistic that the Slumber gold system will grow significantly. I am confident that further
drilling could lead to the next major oxide gold discovery in Nevada."
Suite 250 - 750 West Pender Street
Vancouver, BC V6C 2T7 Canada
Tel: 604-245-0054
www.nvgoldcorp.com
2025 Drill hole
collars in green
diamonds.
Previous drill
hole collars in
yellow dots.
Mercury (Hg)
vapor surface
anomaly areas
indicated by
letter.
Figure 2 –
New 2025 drill results indicate potential gold extension 1.5+ kilometers further north of the
modeled Exploration Target zone and good correlation with mercury vapor anomalies
Drill Intercepts:
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Table 1 - Slumber 2019-2025 significant drill intercepts. True widths are not known.
However, based on the current understanding of mineralized zones, true widths are between
70%-100% of the total length and grades are uncut.
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Figure 3 – From the gold 192.02 m (630 ft) to 195.06 m (645 ft) intercept in hole SL-30 and is
hosted in Trx a lithic tuff.
Jesse Wellman, C.P.G, QP for the Slumber project stated, “Thanks to the NV Gold Corp.’s
2025 drilling program the Slumber Gold Project now has gold intercepts in drilling covering
nearly 2.5 km from north to south, and 0.5 km east to west with most directions remaining
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open. The pyroclastic/volcaniclastic hosted epithermal system appears to be well altered,
mineralized, and oxidized. Bleaching/leaching and silicification are the most common
alteration types, with local argillic, and quartz rich zones. Iron oxides after pyrite, with
occasional relict textures, are widespread. Additional work is needed to fully understand the
structural and host rock controls. From what is known currently the geology appears
permissive to expand significantly the extent of contained oxide gold.”
Qualified Person Disclosure
The technical disclosure in this news release has been reviewed and approved by Jesse
D. Wellman, C.P.G, a Certified Professional Geologist of the American Institute of
Professional Geologists and is the Qualified Person as defined by National Instrument
43-101 of the Canadian Securities Administrators. Jesse is an Independent Consulting
Geologist and holds no interest in NV Gold Corp.
Analytical Laboratory and QA/QC Procedures
The company used an MPD -1500 reverse circulation drill of New Frontier Drilling, Fallon
Nevada. All 2025 Slumber drilling was ‘reverse circulation’ type, returning rock samples
that range in size from <1mm up to 2 cm, with the majority between 1 and 5 mm in
longest dimension. Samples were collected from the cyclone underflow as a separate
split from circulation returns onsite and submitted to the ALS Chemex laboratory in Elko
Nevada and in Twin Falls Idaho. Samples submitted ranged in weight from 0.6 kil ograms
to 21.23 kilograms with an average weight of 6.3 kilograms. Samples were taken at 1.52
m (5 ft) intervals in all holes. All samples were submitted for analyses, except for the first
33m (100 ft) of hole SL -30, and for hole SL -34 where samples were selected for analysis
approximately every 15.2 m (50 ft). Chip samples were collected in trays from all
intervals, photographed, and retained by the company.
The quality assurance -quality control (QA -QC) program of NV Gold Corp. includes the
insertion of certified standards of known gold content, blank and duplicate samples. After
crushing and pulverizing samples of 30 grams are tested by the FA ICP -AES finish , ALS
code Au -ICP21 method.
Additional Housekeeping
Suite 250 - 750 West Pender Street
Vancouver, BC V6C 2T7 Canada
Tel: 604-245-0054
www.nvgoldcorp.com
The Private Placement financing announced on May 22, 2025, has been cancelled after
closing a first tranche of $349,800.00 announced on July 3, 2025 and, the subsequent
issuance of 3,498,000 units. Each unit consisted of one common share and one two -year
Common Share purchase warrant exercisable at $0.20.
About NV Gold Corporation
NV Gold Corporation is a well-organized exploration company with 18.7 million shares issued
and outstanding. NV Gold has 21 exploration projects in Nevada comprising 639 100%-
Company-owned lode mining claims totaling 53.4 square kilometers (20.6 square miles). The
Company is based in Vancouver, British Columbia, and Reno, Nevada, and is focused on
delivering value through mineral discoveries in Nevada, USA.
Leveraging its expansive property portfolio, its highly experienced in-house technical team,
and its extensive geological data library, 2025 promises to be highly productive for NV Gold.
On behalf of the Board of Directors,
John Watson, President, Chairman, CEO and Director
For further information, visit the Company’s website at www.nvgoldcorp.com or contact:
Freeform Communications at 604.245.0054
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