NV Gold Announces Staking Around and Lease of Drill-Ready Discovery Bay Gold Project in Nevada
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
Tel: +1 888 363 9883
www.nvgoldcorp.com
NV Gold Announces Staking Around and Lease of Drill-Ready
Discovery Bay Gold Project in Nevada
June 3, 2021 - NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) (“NV
Gold” or the “ Company”) is pleased to announce that it has entered into a Lease
Agreement (the “Agreement”) with Pete Herrera (the “Vendor”), providing NV Gold
the right to lease an undivided 100% right, title and interest in the Discovery Bay Gold
Property in Lander County, Nevada (“Discovery Bay ”).
“As noted previously, we are focused on delivering one of NV Gold ’s most active
exploration seasons. The Discovery Bay Gold Project is one of a number of exciting gold
projects reviewed internally, and the first acquisition of 2021,” commented Peter A. Ball,
President and CEO of NV Gold. “Discovery Bay, with its strategic location and host
rocks similar to the multi-million ounce Cove-McCoy Gold Project operated by I-80 Gold
Corp., is considered a drill ready adva nced gold project at which NV Gold will initiate
exploration immediately after drilling is completed at its Slumber Gold Project. I anticipate
the acquisition of additional drill ready gold projects to add to our pipeline as we continue
our internal review. We continue to discuss other projects within our portfolio for potential
joint venture or lease agreements with external parties.”
About the Discovery Bay Project
• The Project is located along the “Rabbit Suture” (H wy 305), and in proximity to
the Cove-McCoy gold deposits in Lander County , Nevada (refer to Figure 1)
controlled by I-80 Gold Corp . This North-South structural zone is known to host
other mega gold deposits like Turquoise Ridge (Twin Creeks) and the Phoenix and
Lone Tree Mines.
• The Discovery Bay target comprises a one kilometer long, p reviously unknown,
and unexplored window of Triassic Osobb Mountain Quartzite and Cane
Springs Limestone ( host rocks at McCoy) , and other underlying host
lithologies . Most of the target is covered by thin layers of Tertiary volcanics
(Basal Tuffs) and Quaternary rocks.
• Historical drilling conducted by Newmont Mining in 2018 encountered a thick
blanket of intensely sulfidized intrusive rock in contact with decalcified and
Au-anomalous silty limestones .
• NV Gold recently staked 39 additional claims to cover the surrounding
potentially mineralized ground , and plans to conduct an IP (Induced
2
Polarization) survey and ground magnetic s, to potentially guide the project
towards a drill program in 2021 .
Figure 1: Discovery Bay Gold Project General Location Map
“After working in Nevada for over 20 years, I consider Discovery Bay to be a project that
deserves to be drilled , based on the excellent work completed to -date and its geological
potential. I am extremely excited to work with Pete Herrera , who has owned these claims
3
for nearly 30 years , and has not had the opportunity to drill-test his ideas. To have
potentially mineralized Cove -McCoy host lithologies exposed at the surface , and mostly
being covered by Tertiary volcanics and Quaternary gravels, makes this a prime target for
a potential exciting discovery,” stated Thomas Klein, Exploration Manager, NV Gold.
About NV Gold Corporation
NV Gold ( TSXV:NVX)(OTCQB:NVGLF) (FSE:8NV) 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, 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 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, the extent to which mineralized structures 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 as a result of new information, future events or otherwise, except as otherwise required by applicable
securities legislation.