NV Gold Corporation Reports Positive Drill Results from Triple T Gold Project
NV Gold Corporation Reports Positive Drill Results from Triple T Gold
Project
VANCOUVER, BC / ACCESSWIRE / August 21, 2023 / NV Gold Corporation
(TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") is pleased to
report assay results from the recently completed Reverse Circulation (RC) Drill Program carried
out at its 100%-owned Triple T Gold Project located in the Humboldt Range, Nevada. The
Project is situated 7 kilometers east of the Rochester silver-gold operation and 42 kilometers
southeast of the Florida Canyon Gold Mine (see Figure 1).
The program consists of 14 shallow RC drill holes totaling 719.3 meters in the northern-most of
the three target areas. Almost all drill holes intersected one or more, near-surface mineralized
quartz veins with up to 4.57 m averaging 2.40 g/t Au in TT-9 and 9.14 m averaging 1.39 g/t
Au in hole TT-11 (see Figure 2). The recent drilling and mapping program has confirmed the
presence of a regional low-angle thrust plane (shear zone) controlling the Triple T gold
mineralization over a strike length of up to 5 kilometers and possibly further on under cover
rocks. The North Target area now measures 250 by 400 meters and remains open north and south
as well as down-dip to the east (see Figures 3 & 4). With the confirmation that gold
mineralization is expanding underneath the carbonate unit to the east (Upper Limestone), NV
Gold is planning geophysical (Induced Polarization (IP)) investigations to reveal potentially
larger erosion-protected targets along this promising structural gold-corridor.
Figure 1: Triple T Gold Project General Location Map
Figure 2: Triple T Oxide Mineralization and 2023 Drill Intercepts (cut-off>0.1 g/t Au)
Figure 3: Triple T Lithology and Sampling
Figure 4: Triple T Conceptual Targets
John Watson, Chairman of NVX, stated:
"Our recent successful drilling at Triple T, combined with detailed geologic mapping and
structural interpretation has illuminated new targets and expanded dimensions for this project.
Recent sampling of numerous outcropping quartz veins north of the drilling area has the potential
to enlarge the mineralized zone even further. We are very pleased with the results of the program
and are excited about the potential of the project going forward."
John R. Kerr, P.Eng. is a Qualified Person within the meaning of National Instrument 43-101
and has reviewed and approved the technical information contained in this news release.
Quality Assurance, Quality Control ("QA/QC") and Sample Analysis
The Company has implemented a quality control program to ensure best practices in sampling
and analysis of the chip samples. The chips of the entire hole are collected at the drill site, logged
and split into an eighth sample using a rotating sample splitter. The eighth sample is then
securely shipped to the ALS Global Laboratory in Elko, Nevada. During sample collection and
assaying, there is an established QC procedure using standards, and blanks inserting each at 30m
intervals in each hole.
At the laboratory, samples are crushed and pulverized in preparation for analysis. The samples
are analyzed for gold using fire assay with AA finish.
About NV Gold Corporation
NV Gold Corporation is based in Vancouver, British Columbia, and Reno, Nevada and is
focused on delivering value through its gold exploration efforts in Nevada, USA and by
leveraging its expansive property portfolio.
On behalf of the Board of Directors,
John Watson, Chairman and Interim CEO
303.884.6909
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 Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this news release.
This press release contains "forward-looking information" within the meaning of applicable
Canadian securities legislation and statements that are based on the beliefs of management and
reflect the Company's current expectations. When used in this press release, the words
"estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or
"should" and the negative of these words or such variations thereon or comparable terminology
are intended to identify forward-looking statements and information. Such statements and
information reflect the current view of the Company and include, without limitation, statements
regarding discussions of future plans, estimates and forecasts and statements as to
management's expectations and intentions with respect to, among other things: the potential
quantity and grade of mineral resources identified in the Exploration Target and the Company's
current expectations regarding future exploration and development plans. Risks and
uncertainties may cause actual results to differ materially from those contemplated in those
forward-looking statements and information. By their nature, forward-looking statements involve
known and unknown risks, uncertainties and other factors which may cause our actual results,
performance or achievements, or other future events, to be materially different from any future
results, performance or achievements expressed or implied by such forward-looking statements.
The forward-looking information and forward-looking statements contained in this press release
are made as of the date of this press release, and the Company does not undertake to update any
forward-looking information or forward-looking statements that are contained or referenced
herein, except as may be required in accordance with applicable securities laws. All subsequent
written and oral forward-looking information and statements attributable to the Company or
persons acting on its behalf is expressly qualified in its entirety by this notice regarding forward-
looking information and statements.
SOURCE: NV Gold Corporation