NV Gold Assays up to 8.02 g/t Gold and 1,495 g/t Silver from its Root Spring Gold-Silver Project in Nevada
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
Tel: +1 888 363 9883
www.nvgoldcorp.com
NV Gold Assays up to 8.02 g/t Gold and 1,495 g/t Silver from its
Root Spring Gold-Silver Project in Nevada
August 7th, 2019 - Vancouver, British Columbia – NV Gold Corporation (TSXV: NVX;
US: NVGLF) (“NV Gold” or the “Company”) is pleased to announce strong gold (up to
8.02 g/t) and silver (up to 1,495 g/t) assay results from its sampling program at its 100%
controlled Root Spring Gold-Silver Project in the East Range, Pershing County, Nevada.
See complete assay table below.
Highlights of Recent Surface Sampling Program:
• 39 rock-chip samples were collected and submitted for assaying.
• 28% returning silver assays greater than 150 g/t, and up to 1,495 g/t silver.
• 41% of samples returned greater than 0.5 g/t gold, 23% of samples returned greater
than 1 g/t gold, and up to 8.02 g/t gold.
• Positive base metal results up to 0.51% copper, 0.68% lead, and 0.89% zinc.
• The Company is now reviewing the potential for a fall drill program.
“Assays results at Root Spring are very positive and we will immediately expand our
exploration plans for the project, including reviewing the potential opportunity for a drill
program later in the year ,” commented Peter A. Ball , President. “With a strong gold
market that continues to set new highs each month, NV Gold is positioned well with
multiple drill programs about to commence, ongoing discussions with new joint venture
partners on our project portfolio , and new opportunities that are being discovered from
our extensive geological databases. We expect news flow to continue deep into the fall.”
About Root Spring Gold Project
Root Spring comprises 54 lode claims on BLM ground, and is located 80 km south of the
city of Winnemucca, and 26 km east of the world-class open-pit Rochester silver-gold mine
operated by Coeur Mining. The project contains an Au-Ag vein system partly exposed at
the edge of a large alluvial-covered valley. Mineralization is hosted by metavolcanic rocks
that may be equivalent to parts of the Koipato Group, which were not previously identified
in the area, and consist of felsic and mafic units. The Koipato volcanics host the Rochester
silver-gold deposit as well as the Spring Valley gold deposit, 27 km northwest of Root
Spring. Additional information on Root Spring is available in the July 23rd, 2019 press
release.
Root Spring Assay Results 2019 (see attached plan map Figure 1 & 2 below)
SAMPLE # Ag
(g/t)
Au
(g/t)
Cu
(%)
Pb
(%)
Zn
(%)
19MJ-6-30-01 4.40 <0.02 0.002 0.023 0.003
19MJ-6-30-02 4.00 <0.02 0.006 0.024 0.241
19MJ-6-30-03 1.54 <0.02 0.007 0.011 0.008
19MJ-6-30-04 0.36 <0.02 0.000 0.002 0.001
19MJ-6-30-05 2.16 <0.02 0.001 0.010 0.002
19MJ-6-30-06 6.06 <0.02 0.002 0.030 0.003
19MJ-6-30-07 0.71 <0.02 0.000 0.004 0.002
19MJ-6-30-08 12.45 0.05 0.021 0.093 0.068
19MJ-6-30-09 7.91 0.02 0.022 0.029 0.022
19MJ-6-30-10 3.47 <0.02 0.000 0.016 0.013
19MJ-6-30-11 5.43 <0.02 0.001 0.006 0.002
19MJ-6-30-12 4.63 <0.02 0.000 0.002 0.008
19MJ-6-30-13 1.35 <0.02 0.000 0.007 0.015
19MJ-7-1-01 88.6 0.80 0.031 0.017 0.028
19MJ-7-1-02 97.5 0.88 0.048 0.073 0.118
19MJ-7-1-03 241 3.29 0.041 0.163 0.063
19MJ-7-1-04 239 1.88 0.097 0.267 0.210
19MJ-7-1-05 47.2 0.36 0.022 0.025 0.120
19MJ-7-1-06 150 0.35 0.030 0.338 0.032
19MJ-7-1-07 178 8.02 0.021 0.325 0.009
19MJ-7-1-08 2.09 <0.02 0.001 0.002 0.001
19MJ-7-1-09 0.73 0.02 0.000 0.002 0.001
19MJ-7-1-10 0.42 <0.02 0.000 0.001 0.001
19MJ-7-1-11 351 2.94 0.124 0.466 0.462
19MJ-7-1-12 67.2 0.74 0.084 0.301 0.208
19MJ-7-1-13 11.6 0.02 0.001 0.005 0.003
19MJ-7-1-14 9.94 0.03 0.016 0.029 0.035
19MJ-7-1-15 512 1.69 0.294 0.253 0.429
19MJ-7-1-16 1495 2.92 0.335 0.570 0.172
19MJ-7-1-17 137 0.60 0.031 0.045 0.022
19MJ-7-1-18 595 1.78 0.153 0.067 0.115
19MJ-7-1-19 67.5 0.50 0.022 0.090 0.051
19MJ-7-1-20 219 0.74 0.126 0.300 0.447
19MJ-7-1-21 2.17 0.02 0.003 0.010 0.008
19MJ-7-1-22 832 2.24 0.514 0.679 0.887
19MJ-7-1-23 346 1.04 0.288 0.374 0.428
19MJ-7-1-24 6.57 0.02 0.007 0.010 0.010
19MJ-7-1-25 256 0.74 0.511 0.286 0.207
19MJ-7-1-26 3.87 <0.02 0.006 0.005 0.003
Figure 1 – Root Spring Gold Sample Locations
“The Root Spring Project is part of an historic mining region in Nevada that is seeing a
recent resurgence in exploration activity. Hundreds of small -scale mines operated in the
area prior to being shut -down by the federal government in 1942, to divert all mining to
basic m aterials necessary for the World War II effort. Very few of these mines were
operated again, and even fewer have seen proper modern exploration,” says Dr. Marcus
Johnston, Vice President Exploration. “The current mines and resources in the vicinity
of Root Spring include Rochester/Packard (3.4 Moz Au, 317.5 Moz Ag), Spring Valley (5.4
Moz Au), and Lincoln Hill (359,000 oz Au, 9.5 Moz Ag), which are all part of a large group
of related “orogenic” gold-silver deposits in the region that remain under-explored.”
Figure 2 – Root Spring Silver Sample Locations
Quality Control and Quality Assurance
Sampling activities at the Root Spring Gold project were conducted under the supervision
of Dr. Marcus Johnston, VP Exploration for NV Gold. Samples were submitted to the ALS
Global – Geochemistry Analytical Lab in Reno Nevada for assays and geochemical
analyses.
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.
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 knowledge 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, plans to complete a drill
program at Root Spring Gold Project, geological interpretations of rock types and their similarity to rock
types at other mines and other future plans and objectives of the Company, including exploration plans, 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 cond itions, timeliness of government or regulatory
approvals 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.