NV Gold Expands Property Position by Over 50% at its High-Grade Root Spring Gold-Silver Project in Nevada
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
Tel: +1 888 363 9883
www.nvgoldcorp.com
NV Gold Expands Property Position by Over 50% at its
High-Grade Root Spring Gold-Silver Project in Nevada
September 23, 2019 - Vancouver, British Columbia – NV Gold Corporation (TSXV:
NVX; US: NVGLF) (“NV Gold” or the “ Company”) is pleased to announce that it has
expanded its land position around its high-grade Root Spring Gold-Silver Project by more
than 50%. The Company is now finalizing permitting and planning for a drill program in
October 2019. The property expansion was based on its summer exploration program
where:
• 28% of rock-chip samples returned silver assays greater than 150 g/t, and up to
1,495 g/t.
• 41% of these samples returned greater than 0.5 g/t gold, and 23% of samples
returned greater than 1 g/t gold, with up to 8.02 g/t gold.
• Positive base metal results ranged upwards to 0.51% copper, 0.68% lead, and
0.89% zinc.
• Detailed mapping, and geological review of historical informatio n, both provided
important information to vector on potential high-grade shoots within the vein
system.
“We are pleased to be able to secure additional key claims around our high-grade Root
Spring gold -silver project , where we are finalizing perm itting for an upcoming drill
program, which will be targeting multiple identified mineralized vein systems where high-
grade gold and silver was recently sampled at surface ,” commented Peter A. Ball ,
President.
Corporate Update – other:
• Assays remain pending from our Frazier Dome and Slumber gold-silver projects,
and results are expected in October 2019.
• The Company is currently in discussions with multiple parties on various projects
within our property portfolio, for potential sale, JV or lease.
• Our technical team continues to evaluate new projects for accretive acquisitions.
• A number of gold-silver projects have been identified from our extensive geological
databases, and are under review for potential staking or acquisition.
About Root Spring Gold Project
Root Spring comprises 54 lode claims on BLM ground, and is located 80 km south of the
city of Winnemucca, and 26 km east of the world-class open-pit Rochester silver-gold mine
operated by Coeur Mining. The project contains an Au-Ag vein system partly exposed at
the edge of a large alluvial-covered valley. Mineralization is hosted by metavolcanic rocks
that may be equivalent to parts of the Koipato Group, which host the Rochester silver-gold
deposit as well as the Spring Valley gold deposit, 27 km northwest of Root Spring.
Additional information on Root Spring is available in the July 23rd, 2019 and August
7th, 2019 press releases.
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 i ncludes certain forward -looking statements or information. All statements other than
statements of historical fact included in this release, including, without limitation, plans to complete a drill
program at Root Spring Gold Project, geological interpretations of rock types and their similarity to rock
types at other mines and other future plans and objectives of the Company, including exploration plans, are
forward-looking statements that involve various risks and uncertainties. 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 expect ations 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 filings m ade 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 applicable securities legislation.