NV Gold Commences Drilling at its ATV Gold Project in Nevada
NV GOLD CORPORATION
Suite 588 – 580 Hornby Street
Vancouver, B.C. Canada V6C 3B6
August 1, 2017 Trading Symbol: NVX
NV Gold Commences Drilling at its ATV Gold Project in Nevada
Vancouver, British Columbia – NV Gold Corporation (TSX:V: NVX; OTCQX:
NVGLF) (“NV Gold ” or the “Company) announced today that it has commenced
drilling at its 100% controlled ATV Gold P roject in Nevada. NV Gold plans to complete
up to 4,000 metres of reverse circulation (“RC”) drilling at ATV in its initial program.
Drilling will focus various priority targets including:
• Targets associated with gravity highs believed to indicate areas underlain by
prospective Paleozoic sedimentary rocks covered with recent valley -fill gravel
and/or volcanic rocks;
• Structural targets along the margins of gravity highs;
• A large north-south oriented BLEG geochemical anomaly sitting astride a gravity
high potentially resulting from shallowly buried favorable host-rocks;
• Unconformity-focused mineralization situated along the contact between Tertiary
volcanic rocks and Paleozoic sedimentary rocks.
NV Gold has contracted Boart Longyear of Elko, Nevada, which has provided a truck-
mounted RC drill for the ATV Gold Project.
John Watson, NVX’s CEO states , "We are very pleased to commence drilling at our
ATV Gold Project. Based on our geological assessment of the recently staked and leased
land position that makes up the ATV Gold Project, there is the potential for the presence
of significant sediment-hosted gold deposits similar to what is being produced 8-10 miles
to the west, across the Pumpernical Valley. Our drill program will systematically test
multiple priority areas , which were identified combining data recently acquired from a
positive gravity survey on the area, extensive technical knowledge of the terrain,
geochemical data and historical drill data in the vicinity . The initial holes will assist in
defining the depths and structure of the Paleozoic sediments, as well as to test the various
BLEG anomalies identified by NV Gold in March 2017."
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
Chairman, President, and a Director of Novo Resources Corp.
About NV Gold Corporation
NV Gold is junior exploration company based in Vancouver, British Columbia that is
focused on delivering value through mineral discoveries utilizing the prospector
generator model. Leveraging its highly experienced in -house technical knowledge, NV
Gold’s geological team intends to use its geological database, which contains a vast
treasury of field knowledge spanning decades of research and exploration, combined with
a portfolio of mineral properties in Nevada, to create opportunities for lease or joint
venture. NV Gold plans to aggressively acquire additional land positions for the growth
of its business.
On behalf of the Board of Directors,
John E. Watson
President and CEO
For further information, visit the Company’s website at www.nvgoldcorp.com or contact:
John E. Watson,
Phone: 303.674.9400
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
gravity data and the structural modeling by NV Gold suggesting that Paleozoic sediments are likely present
at shallow depths at the ATV property, the planned exploration program consisting of 2,500 m of drilling of
12-18 reverse circulation holes to depths of 100m-300m and its timing , the potential to sell, lease or joint
venture any of the Company’s properties, 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 materi ally 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 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.