NV Gold Drill Plans CSAMT Geophysical Survey and Drill Program at its Slumber Gold Project in Nevada
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
Tel: +1 888 363 9883
www.nvgoldcorp.com
NV Gold Drill Plans CSAMT Geophysical Survey and
Drill Program at its Slumber Gold Project in Nevada
February 18 , 20 20 - Vancouver, British Columbia – NV Gold Corporation (TSXV:
NVX; US: NVGLF) (“NV Gold” or the “Company”) is pleased to announce plans for a
controlled source audio-magnetotelluric (“CSAMT”) geophysical surveys and follow up
drill program at its Slumber Gold Project in Nevada . CSAMT surveys are anticipated to
commence in the later part of March 2020 once the ground has dried out.
“Our initial drill program at Slumber in the fall of 2019 identified what we believe to be
a promising gold syste m,” commented Dr. Quinton Hennigh, Director of NV Gold.
“Gold mineralization encountered over significant lengths in two holes (SL-02 and SL -
01), nearly 450 meters apart, suggests the presence of a large gold-bearing hydrothermal
system in the sub -surface. Based on proven success of the use of the CSAMT technology
at other epithermal projects , we think this will help us vector in on potential mineralized
structures at depth . We anticipate CSAMT targets will be tested by reverse circulation
drilling later in the second quarter. Given the similar geology of Slumber to other mid -
Miocene epithermal systems in the area, we think Slumber has the potential to host high-
grade structures at depth. We are anxious to follow up on our initial exploration success
from 2019.”
NV Gold has engaged Zonge International, of Reno, Nevada to execute the CSAMT
geophysical program at the Slumber Gold Project, as soon as the season allows,
anticipated in the latter part of March to early April 2020 . Based on results from the
CSAMT survey, a more defined drill program will be developed to test for the feeder
structures at depth commencing later in the second quarter.
About CSAMT
CSAMT is a low -impact, ground geophysical survey method that involves determining
electrical resistivity of rocks. CSAMT data is desirable as it provides critical information
about geologic structure, and in the case of epithermal systems such as Slumber,
identifying areas of silicification that develop around the structural ‘plumbing’ of the hot
spring, places where mineralized veins might be found . CSAMT combined with
audiomagnetotellurics is useful for mapping resistivity to around the 1,000-meter depth
range. The prospective boiling zone, where high -grade mineralization can occur within
an epithermal system, is commonly at depths ranging from 300 -500 m below paleo -
surface.
Quinton Hennigh (Ph.D., P.Geo.) is a Qualified Person pursuant to National 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 is a junior exploration company based in Vancouver, British Columbia that is
focused on delivering value through mineral discoveries. Leveraging its highly
experienced in-house technical knowledge, NV Gold’s geological team intends to utilize
its geological databases, which contains a vast treasury of field knowledge spanning
decades of research and exploration, combined with a portfolio of mineral properties in
Nevada, to prioritize key projects for focused exploration programs.
On behalf of the Board of Directors,
John E. Watson
Chairman
For further information, visit the Company’s website at www.nvgoldcorp.com or
contact:
Peter A. Ball, President & COO
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 , and other future plans
and objectives of the Company including further drilling at the Slumber Gold Project , are forward-looking
statements that involve various risks and uncertainties. There can be no assurance that such st atements 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 inclu de 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 C ompany 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.