NV Gold Completes Initial Drilling Program at Sandy; Initiates First Stage Drilling Program at the Pickhandle Gold Project
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
Tel: +1 888 363 9883
www.nvgoldcorp.com
NV Gold Completes Initial Drilling Program at Sandy; Initiates First
Stage Drilling Program at the Pickhandle Gold Project
September 26, 2022
VANCOUVER, BC / ACCESSWIRE / September 26, 2022 / NV Gold
Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) (“ NV Gold ” or the
“Company ”) is pleased to announce that the Company has completed four Reverse
Circulation (“RC”) holes totaling 1,600 feet (487.7m) at the Sandy Project and has
initiated a firs t-stage two to four -hole drilling program at the Pickhandle Gold Project
in Lander County, Nevada (“ Pickhandle ”).
About the Pickhandle Gold Property
• The Project is located at a structural intersection of the “Turquoise Ridge -
Battle Mountain -McCoy Cove Structural Trend” (Hwy 305) and the Crescent
Valley Fault Zone (see Figure 1), approximately 45 kilometers southwest of
Nevada Gold Mine’s Cortez and Pipeline multi -million ounce gold deposits.
• The Pickhandle gold target comprises a sma ll window of Permian Edna
Mountain Limestone cut by mineralized dikes. The surface geology,
alteration, structural complexity, and geochemical environment are strongly
indicative of a “Carlin -type” gold environment. Particularly the pervasive
silicificatio n (Jasperoids) and silica -flooded brecciation (see Figure 2),
superimposed on ferroan dolomite, are especially encouraging. Gold values
from rock chip sampling reached up to 1.5 g/t Au.
• It is particularly significant that the Pickhandle prospect area has n ever been
drilled and shows no evidence of having been prospected in recent times.
Thomas Klein, VP Exploration commented , “I am pleased that NV Gold’s drilling
campaign is continuing with drill -testing the Pickhandle Gold Project at Carico
Valley, Nevada. It is of special importance that Pickhandle has never been drilled.
Pickhandle has the right structural complexity, “Carlin -type” ingredients, and is in
an excellent neighborhood to the Cortez and Pipeline gold deposits. Our other active
projects are standing in line to be drilled after Pickhandle and I am excited to
continue with NV Gold’s aggressive multi -project drilling ca mpaign in Nevada (see
Figure 3)”
2
Figure 1 – Location of Pickhandle
3
Figure 2 - Pickhandle Jasperoids and Pediment Target
Figure 3 - Project Landholding Pa ge
4
About NV Gold Corporation
NV Gold (TSXV:NVX )(OTCQB:NVGLF)(FSE:8NV) is a well -financed exploration
company with ~80 million shares issued, a solid treasury and no debt. The Company is
based in Vancouver, British Columbia, and Reno, Nevada and is focused on delivering
value through mineral discoverie s in Nevada, USA. Leveraging its expansive property
portfolio, its highly experienced in-house technical team, and its extensive geological data
library, 2022 promises to be highly productive for NV Gold.
On behalf of the Board of Directors,
John Seaberg, Director and 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 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. 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