NV Gold Completes Drilling at the Slumber Gold Project and Commences Drilling at the Sandy Gold Project
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
Tel: +1 888 363 9883
www.nvgoldcorp.com
NV Gold Completes Drilling at the Slumber Gold Project and
Commences Drilling at the Sandy Gold Project
January 06, 2021 - NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) (“NV Gold”
or the “ Company”) is pleased to announce that the Phase 2 drill program is now
complete at its 100% controlled Slumber Gold Project (“Slumber”) located
approximately 50 miles northwest of Winnemucca, Humboldt County, Nevada, USA.
The drill program was comprised of 9 reverse circulation (“RC”) drill holes , totalling
1,859 m (6,100 ft) . Samples have been dispatched to the laboratory, and a ssays are
pending . B ased on extreme laboratory backlogs , results are not anticipated until at
least late February.
The same drill rig has recently been mobilized and commenced drilling at the
Company’s 100% owned Sandy Gold Project (“Sandy”) , located within the Walker
Lane, Lyon County, Nevada, USA. NV Gold’s first drill program at Sandy will
encompass up to 1,500 m in up to 10 RC drill holes. For additional information on the
Sandy Gold Project, please refer to NV Gold’s press releases, dated September 14th, 2020,
September 29th, and October 19th, 2020.
"As we await drill results from our recently completed drill program at Slumber, we are
excited to commence drilling at the Sandy Gold Project and to test another high -grade
epithermal gold target," commented Peter A. Ball, President and CEO of NV Gold.
“NV Gold continues to maintain a stron g treasury and a focused exploration strategy to
explore its extensive property portfolio in Nevada.”
High Level Notes of Slumber Gold Project Phase 2 Drill Program
Phase 2 drilling at Slumber has successfully expanded the footprint of epithermal alteration
and quartz-veining in host rhyolite tuffs. Interpretation of RC chips indicates the presence
of a mineralizing system with a strike length of approximately 1,000 meters and a width of
200 meters that is open in nearly all directions, and especially, at depth.
Due to unexpected high-volume of ground water return, some drill holes terminated short
of planned depth leaving several primary CSAMT-interpreted targets partially tested or
untested. NV Gold is targeting a potential “Sleeper -type” gold system at Slumber. NV
Gold’s technical team will evaluate incoming assays in upcoming weeks to assist in
designing a Phase 3 , 2021, drill program utilizing RC and diamond core to overcome
groundwater issues. For additional information on the Slumber Gold Project, please refer
2
to NV Gold’s press releases, dated September 25 th, October 27 th, 2020, November 25 th,
2020 and December 27th, 2020.
Quinton Hennigh (Ph.D., P.Geo.) is a Qualified Person pursuant to Na tional
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 ( TSXV: NVX ; OTCQB: NVGLF) is a well-financed junior exploration
company based in Vancouver, British Columbia that is focused on delivering value through
mineral discoveries in North America, leveraging its highly experienced in-house technical
knowledge, and identifying and drilling 2-3 priority projects per year.
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 & CEO
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, statements regarding the
Company’s planned exploration activities , the timing of undertaking its work and disclosure of results , 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.