NV Gold Completes Property-Wide Geophysics Survey and Technical Team Arrives at the High-Grade Exodus Gold Project
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
Tel: +1 888 363 9883
www.nvgoldcorp.com
NV Gold Completes Property-Wide Geophysics Survey and
Technical Team Arrives at the High-Grade Exodus Gold Project
July 27, 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 21, 2020, the Company has now completed both the property-wide
helicopter-borne high resolution aeromagnetic (“High-Res Mag”) and radiometric surveys.
In addition, the exploration team has arrived on site today at the high -grade Exodus Gold
Project, located in the Cariboo Mining Division, 40 km NNW of Prince George, British
Columbia.
“We are pleased to have completed the property -wide geophysics ahead of the arrival
of the exploration team, led by our new project manager Max Keogh, P. Geo. The
information to be provided by the High -Res Mag and radiometrics survey will greatly
assist our technical team to be highly effective in our aggressive exploration program
aimed to further understand and identify additional key features and sub -surface
structures for first priority drill targets,” commented Peter A. Ball, President &
CEO. “The large mineralized central core of the project, where grades have
previously returned samples up to 23.2 g/t Au, will be prioritized to further assess the
current high -grade targets for additional sampling, trenching, and structural review
for a planned fall dri ll program. Raw data obtained over the weekend from the
geophysical survey has identified new areas of interest throughout the project .
Reconnaissance explorations teams will be immediately directed to review the se new
zones and structures. The data from t he geophysical program is currently being fully
processed, and the final interpretation is to be completed by the end of the week . This
will further assist in identifying other additional areas of interest across the large
11,000+ hectare land package. ”
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 . Field programs operating this
summer and fall will include mapping, rock and soil sampling, trenching , and structural
modelling to help finalize drill targeting , as well as the collection of environmental data
necessary for drill permitting. Results of the field programs are anticipated for timely
release as the company continues to advance the Exodus Gold Project.
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 of its stakeholders for their patience and
support.
Highlights of Aeromagnetic Geophysical Survey:
The final high resolution aeromagnetic (“ High-Res Mag”) and radiometric survey grid
(below) was comprised of:
Note: Preliminary raw data was received on July 24 th, and full interpretation is expected
to be completed in the upcoming week.
About the Exodus Gold Project
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 NV Gold’s 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. 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/.
The scientific and technical information cont ained in this news release as it relates to
the Exodus Gold Project has been reviewed and approved by Max Keogh, P.Geo,
Exodus Gold Project Manager and a “Qualified Person” as defined in National
Instrument 43 -101 – Standards of Disclosure for Mineral Proj ects.
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 in North America , 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 a n Option Agreement on the
high-grade Exodus Gold 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
All statements other than statements of historical fact included in this release, including, without
limitation, the details and timing for complet ion of exploration or development of the Project , that the
geophysical surveys have identified new structures, and other future plans and objectives of the
Company, are forward -looking statements that involve various risks and uncertainties. There can be
no assu rance 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 fil ings 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 app licable securities
legislation.