NV Gold Commences Exploration at the High-Grade Exodus Gold Project after Receiving TSX Venture Acceptance
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
Tel: +1 888 363 9883
www.nvgoldcorp.com
NV Gold Commences Exploration at the High-Grade
Exodus Gold Project after Receiving TSX Venture Acceptance
July 21, 2020 - Vancouver, British Columbia – NV Gold Corporation (TSXV: NVX;
US: NVGLF) (“NV Gold” or the “ Company”) is pleased to announce that , further to its
news release dated July 6, 2020, it has received TSX Venture Exchange acceptance of its
letter agreement (the “ Option Agreement ”) with Exodus Mineral Exploration Ltd.
("Exodus") under which NV Gold holds an option to acquire up to an 85% interest in
Exodus’ mineral claims comprising the high-grade mineral exploration and development
project known as the “Exodus Gold Project”, located in the Cariboo Mining Division, 40
km NNW of Prince George, British Columbia (the “Transaction”).
“We are pleased to receive TSX Venture acceptance and excited to immediately begin
our 2020 exploration program at the high-grade Exodus Gold Project ,” commented
Peter A. Ball, President & CEO. “The Company has commenced a property -wide
geophysic al survey to assist in identify ing additional hidden geological structures and
potential drill targets and has engaged a technical team to accelerate exploration
activities on the ground . We will be aggressively pursuing our summer/ fall exploration
program with the aim of identifying multiple high -grade targets to be tested by a
focused diamond drill program in the fall of this year . In addition, t he Company is
advancing exploration efforts on its projects in Nevada, with further news anticipated
in early August .”
NV Gold has commenced an aggressive exploration program at its new high-grade Exodus
Gold Project, with the aim of identifying multiple high -grade targets to be tested by a
focused diamond drill program in the fall of this year . To meet this goal, the Company
has engaged Precision GeoSurveys to complete property -wide helicopter-borne high
resolution aeromagnetic (“High-Res Mag”) and radiometric surveys within approximately
one week’s time . In addition, t he Company has also engaged the respected SGDS Hive
geological team to commence a property wide reconnaissance exploration program
commencing July 27, 2020. This program will include mapping, rock and soil sampling,
trenching, structural modelling to help finalize drill targeting , and collection of
environmental data necessary for drill permitting. Importantly, data from aforementioned
geophysical surveys will be available to help ground crews focus on property wide target
identification. Key members of the Company’s technical team and board members ,
including Dr. Quinton Hennigh, Dr. Odin Christensen, John Watson and Alf Stewart ,
will fully assist with evaluation of incoming data .
Please refer to the press release dated July 6, 2020, which highlights detailed information
on the high-grade Exodus Gold Project and the terms of its option to acquire up to an 85%
interest in the project. The link to the property page on the Company’s website is located
at www.nvgoldcorp.com/properties/british-columbia/exodus-gold-project/ and also
includes detail on the Option Agreement Terms. As per the terms of the Option agreement,
and TSX Venture acceptance, the Company has paid CDN$25,000 and issue d 250,000
shares of NV Gold Corporation to Exodus Mineral Exploration Ltd.
Please visit the Company’s Media section for the most recent interviews with NV Gold’s
CEO at the following link: www.nvgoldcorp.com/investors/media/, recently updated today
on July 21, 2020.
COVID-19 Response
During the Covid -19 pandemic , NV Gold is committed to advancing exploration in a
socially responsible manner, respecting good health and safety guidelines to protect its own
employees, consultants, and contractors as well as the citizens of the communities in which
it is working. NV Gold would like to thank all its stakeholders for their patience and
support.
About NV Gold Corporation
NV Gold (TSXV: NVX, US:NVGLF ) is a junior exploration company based in
Vancouver, British Columbia that is focused on delivering value through mineral
discoveries, l everaging its highly experienced in -house technical knowledge , and
identifying and drilling 2 -3 priority projects per year . NV Gold controls multiple drill -
ready projects in Nevada, and has entered into an Option Agreement on a high-grade gold
near-drill ready project in British Columbia, Canada.
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 & C EO
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, the plans to
complete exploration or development of the Project and add additional technical personn el and other
future plans and objectives of the Company, 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 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.