NV Gold Completed Induced Polarization (IP) Survey at Sandy; Chargeability and Resistivity Targets Identified
NV Gold Completed Induced Polarization (IP) Survey at Sandy;
Chargeability and Resistivity Targets Identified
VANCOUVER, BC / ACCESSWIRE / September 28, 2021 / NV Gold
Corporation (TSXV:NVX)(OTCQB:NVGLF) ("NV Gold" or the "Company") is pleased to announce that
the Company has completed its IP Survey at its 100% owned Sandy Gold Project ("Sandy"), located
within the Walker Lane, Lyon County, Nevada, USA. The Company's objective was to delineate sulfide
concentrations via the chargeability and lithologies / alteration via the resistivity (see Figure 1). The IP
Survey results have led to the Company identifying various untested, potentially altered, and mineralized
new targets to be drill-tested 1st Q of 2022.
Figure 1 - IP Lines over topography and 2021 drill hole locations. (Note that IP Lines in blue color
were used to present the interpreted IP targets)
Previously announced Highlights
• The Company completed its expanded program of 17 RC drill holes totaling 3,811 m (12,505 ft) in
1st Q of 2021.
• The "maiden" RC (Reverse Circulation) drilling has encountered a large epithermal gold system.
The alteration footprint at the surface has a strike length of 2.4 kilometers and a width of half a
kilometer.
• A surface rock chip sampling program completed at the Sandy Gold Project yielded positive gold
values from anomalous to high grade. Of note, three samples yielded 11.3 g/t Au and 11.6 g/t Ag,
11.5 g/t Au and 14.1 g/t Ag, and 18.1 g/t Au and 43.2 g/t Ag.
• All seventeen RC holes drilled intercepted anomalous gold and strong trace element
geochemistry. Twelve holes were above a threshold of >3 meters @ >0.1 g/t Au. The best
intercept was 22.9 meters @ 0.65 g/t Au from 29 meters to 51.9 meters (including 6.1 meters of
1.58 g/t Au at 38.1 meters) in SD-2 (see to Figure 1-3).
• A Leapfrog model including all surface geochemistry and drill assays was completed 2 nd Q of
2021; the model showed open, NW-plunging gold mineralization and trace-element geochemistry
towards the newly "IP-interpreted" target zones (refer to press release June 23 rd, 2021).
CONCLUSIONS AND NEXT STEPS
The IP survey delineates lithologies, structures and alteration over two specific areas within the Sandy
property. Numerous areas of sulfide concentration are also interpreted, which do not exhibit strong
lithologic controls, but locations of hydrothermal alteration proximal to feeder structures. Vein responses
are noted on Lines 4 through 6, and 18 and 19 along a prominent structural zone traversing the
southwest and northeast borders of both survey blocks. This zone also correlates with moderate to high
chargeability anomalies (see Figure 2 & 3). A low resistivity feeder to the silica cap on Line 18 is also
interpreted (see Figure 4). Drill testing of the various targets will be conducted 1 st Q of 2022 following a
complete technical review to include integration of the IP results with all other of the property data.
"Previously stated conclusions of Leapfrog modeling combined with the recent results and interpretations
of the Induced Polarization (IP) Survey strongly support the presence of a mineralized epithermal gold
system at Sandy! The 2021 "maiden" RC (reverse circulation) drilling program did not intersect any of the
new targets, neither underneath the Southwestern Clay Cap nor below the Northeastern Silica Cap.
However, given the fact that most of our RC holes returned "system-indicating" gold values suggests
strong potential for higher grade gold when targeting the overlapping resistor and chargeability
anomalies. Having chargeability numbers up to 47 msec is very indicative for elevated sulfide
occurrences which could represent a sulfide halo adjacent to mineralized quartz -veins. I am excited to
evaluate the new anomalies and target interpretations of the Southwest Clay Cap and Northeast Silica
Cap in our 2nd Phase drilling campaign in 1st Q of 2022", stated Thomas Klein, VP Exploration, NV
Gold.
Figure 2 - Induced Polarization Survey: Inverted Chargeability and Resistivity Sections of Line 5.
SD-2 which returned 22.9 meters @ 0.65 g/t Au starting at 29 meters appears to be drilled distal to
the main chargeability and resistivity anomalies. (Note that drill holes are located in between IP
Line 5 & 6 (refer to Figure 1)).
Figure 3 - Induced Polarization Survey: Inverted Chargeability and Resistivity Sections of Line 6.
SD-2 which returned 22.9 meters @ 0.65 g/t Au starting at 29 meters appears to be dri lled distal to
the main chargeability and resistivity anomalies. (Note that drill holes are located in between IP
Line 5 & 6 (refer to Figure 1)).
Figure 4 - Induced Polarization Survey: Inverted Chargeability and Resistivity Sections of Line 18.
Note there was no drilling performed on this section (refer to Figure 1).
On behalf of the Board of Directors,
John E. Watson
President & 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 t he
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statement
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
extent and timing of the Company's planned exploration activities, the interpretation of the IP Survey
results as indicating areas of alteration, sulphides or vein or feeder structures and the potential of these to
host elevated gold system and the dimensions of the strike length and width 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 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