NV Gold Announces the Approval of the Notice of Intent (NOI) for it’s Triple T 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 the Approval of the Notice of Intent (NOI)
for it’s Triple T Gold Project in Nevada
October 11, 2022
NV Gold Corporation (TSXV: NVX) (OTCQB: NVLGF) (FSE: 8NV) (NV Gold or the
“Company “) is pleased to announce that it has received the approval of the
Notice of Intent (NOI) for the Company’s Triple T Gold Project in Pershing
County, Nevada (“ Triple T ”).
About the Triple T Gold Property :
• Comprised of 41 claims and located in the Humboldt Range 9 kilometers
(5.6 miles) east of the Rochester silver -gold operation and 42 kilometers
(26.1 miles) southeast of the Florida Canyon gold mine (see Figure 1).
• Formerly named Fisher Canyon, Triple T was initially drilled by Evolving
Gold in 2007 and became NV Gold’s principal exploration asset when the
Company was formed in 2009.
• NV Gold started in May 2009 with geological reconnaissance, followed by
several cam paigns of surface rock and soil geochemistry sampling, and
concluded with a drilling program in October 2009.
• Two principal zones of gold mineralisation, the “South Area,” and the
“North Area,” were identified by earlier exploration and drilling
campaig ns. A third zone of rock chip gold -anomalism, called the “Next
Target,” was never dril led.
• In June 2021 , the Company signed a Lease Agreement (the
“Agreement”) providing NV Gold the right to lease an undivided 100%
right, title, and interest in Triple T.
• The Company, guided by 3-D Leapfrog modelling, sees the opportunity to
re-evaluate this comprehensive near-surface, oxide-gold potential with gold
grades up to 11.7 g/t Au from rock chip sampling and open drill intercepts
of 32 meters @ 0.73 g/t Au (Evolving Gold in 2007) and 16.8 meters @
1.345 g/t Au (NV Gold in 2009), to improve and enhance the Property to a
pre-discovery stage (see Figure 2 & 3) .
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• The Company has recently received the approval of the Triple T “Notice of
Intent (NOI)” for 10 additional RC (reverse circulation) holes and will
commence with the drill site construction by the end of this month.
Thomas Klein, VP Exploration stated, “I am excited to have received the
approval for drilling NV Gold’s Triple T Gold Project located at the southeastern
end of the Humboldt Range, Pershing County, Nevada. Triple T is one of three
promising lease agreements the Company has done with Tom Callicrate
(Mountain Gold Claims, LLC ) over the last year . The Project has decent gold
values with multiple grams up to 11.7 g/t Au from rock chip sampling and the
remaining open gold intercepts from historical drilling in excess of 1.0 g/t Au were
compelling enough to get the Project added back to NV Gold’s Exploration
Portfolio .”
Figure 1: NV Gold Landholding Map.
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Figure 2: Triple T Gold Project General Location Map
Figure 3: Triple T Gold Project Oxide Mineralization and 2009 Drill Intercepts.
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Figure 4: Leapfrog Gold Model with NW -looking Cross -section showing open
Gold Mineralization.
About NV Gold Corporation
NV Gold (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) is a well -financed exploration
company with ~80 million shares issued, a solid treasury and no debt. The
Company is based in Vancouver, British Columbia, and Reno, Nevada and is
focused on delivering value through m ineral discoveries in Nevada, USA.
Leveraging its expansive property portfolio, its highly experienced in -house
technical team, and its extensive geological data library, 2022 promises to be
highly productive for NV Gold.
On behalf of the Board of Directors,
John Seaberg, Director and CEO
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.
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Forward Looking Statements
This news release includes certain forward -looking statements or information.
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 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
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.
SOURCE: NV Gold Corporation