NV Gold Corporation Reports Strong Surface Samples, 5440 g/t Ag and 1.26% Cu, and 14.4 g/t Au at Root Spring Project in Nevada
NV Gold Corporation Reports Strong Surface
Samples, 5440 g/t Ag and 1.26% Cu, and 14.4 g/t Au
at Root Spring Project in Nevada
VANCOUVER, BC / ACCESSWIRE / April 25 , 2024 / NV Gold
Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) (“ NV Gold ” or the “ Company”) is
pleased to report promising gold, silver, and copper values from rock chip sampling at its
100%-owned Root Spring Gold Project in Pershing County, Nevada. T wo new samples
with up to 14.4 g/t gold (0.463 ounces per ton (opt)) accompanied by high silver
values reaching 5440 g/t (175 opt) and 1.26% copper These samples eclipse t he
historical high- grade samples and the Company plans to reevaluate the Property for a
potentially larger and higher -grade target.
John Watson, Interim CEO commented, “These recent encouraging samples were
collected in one of the limited bedrock exposures on the property. They clearly support
the strength of a strong precious metals system and encourage additional exploration of
the property. The Company is evaluating the possibility of a genetic link to our nearby
Triple T project.”
About the Root Spring Gold Property
• The project is situated 28 kilometers east of the Rochester silver -gold operation
and 21 kilometers east of NV Gold’s Triple T gold project (see Figure 1, 2 & 3 ).
• The Property consists of 26 mining lode claims (520 acres). The property was
acquired from Redstar Gold in 2016 as part of a larger transaction.
• The project contains an epithermal/mesothermal silver -gold quartz vein system
exposed at the edge of a large alluvial -covered valley. Mineralization is hosted in
the Triassic Koipato volcanics. The Koipato hosts the Rochester Ag- Au deposit as
well as the Spring Valley gold deposit 27 km west of Root Spring.
• The quartz vein system is exposed for at least 1.2 km along a northwest strike,
with individual veins to 5m thick. Extensions of the veins along strike as well as
surrounding country rock are concealed by alluvial cover within a northwest -
trending alluvial -filled valley corridor along a range front. Like the Rochester
deposit to the west, the Root Spring Au- Ag system is adjacent to a Triassic granitic
pluton.
750 West Pender Street, Suite 250
Vancouver, British Columbia, V6C 2T7
Tel: +1 303.668.7991
www.nvgoldcorp.com
2
• Historical surface rock -chip gold values in veins reached 9.36 g/t gold (0.273 opt)
accompanied by high silver reaching 1500 g/t (44 opt). The veins are surrounded
by widespread, locally mineralized quartz -sericite -pyrite alteration of the host felsic
volcanic sequence recognized from earlier shallow drilling.
• The project exploration approach is in keeping with the Company’s vision of discovery
potential beneath Great Basin gravel cover.
• A limited first -phase drilling program in 2012, consisting of eighteen core holes
totaling 1,232.31 m, intersected Au- Ag mineralization down- dip of exposed veins,
however, drilling was very shallow (68 m average length
Results included 11.9 m grading 13.8 g/t Ag and 0.17 g/t Au, 10.7 m grading
17.23 g/t Ag and 0.14 g/t Au and 9.3 m grading 16.47 g/t Ag and 0.53 g/t Au (see
Figure 2).
Thomas Klein, VP Exploration stated, “I am excited about recent gold, silver, and
copper results from our Root Spring project. It is encouraging to have verified historical
high-grade values on the Property, which is an indication of a potentially strong and large
mineralizing system below the thin alluvial cover. NV Gold is planning to further evaluate
the Property and surrounding area to test and identify a possible genetic link with other
gold-silver occurrences within the region, including Triple T and Rochester. Ongoing work
programs will include re- mapping and more detailed ro ck chip sampling of the Property.”
About NV Gold Corporation
NV Gold owns 100% interest in 21 mineral exploration projects in Nevada, USA, comprising
639 mining claims totalling 53.4 square kilometers (20.6 square miles). The Company is based
in Vancouver, British Columbia, and is focused on delivering value through mineral discoveries
in Nevada. Leveraging its expansive property portfolio, its highly experienced in- house
technical team, its extensive geological data library, and the recent increase in the price of gold,
2024 is expected to be highly productive for NV Gold.
On behalf of the Board of Directors,
John Watson, President, Chairman, CEO and Director
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.
3
Figure 1. Location of the Root Spring project with respect to other gold and silver deposits of
the region.
4
Figure 2. Historical sampling and drilling at Root Spring and location of recent high-grade
samples (left side is gold in g/t, and right side is silver in g/t).
5
Figure 3. Outline of potential target areas for covered silver-gold mineralization along the
Rochester-Triple T-Root Spring corridor.