NV Gold Highlights its Surselva Gold Project in Switzerland for Potential Strategic Partners
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
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www.nvgoldcorp.com
NV Gold Highlights its Surselva Gold Project in Switzerland
for Potential Strategic Partners
February 13 , 2020 - Vancouver, British Columbia – NV Gold Corporation (TSXV:
NVX; US: NVGLF) (“NV Gold ” or the “ Company”) is pleased to review the
Company’s Surselva Gold Project located in the Surselva district of the Graubunden (also
called Grisons) Canton, Switzerland. NV Gold holds 100% of the project through its
wholly owned subsidiary, SwissGold Exploration AG (“SwissGold”), a private Swiss
corporation.
Surselva Gold Project Highlights:
• Identified an underexplored district scale gold system in SE Switzerland (1981 -
by David Knopf and Karl Naert ), with i nformal placer gold production over
hundreds of years.
• Drilling (1986-1991) by David Bell (co-discoverer of Hemlo Gold Camp) yielded
significant intercepts.
• SwissGold recently received 5 -year exploration permit and drill permits in 2019
in the community of Medel/Lucmagn.
• NI43-101 Technical Report completed by Mine Development Associates
(“MDA”) in 2014.
• 17 holes totaling 3,865 meters drilled near Lukmanier in 1986 -87. Micham drilled
two holes totaling 403.5 meters in Val Plattas in 1991, with one of the holes
intersecting 1.13 g/t Au over 75 meters.
• MinAlp conducted surface exploration during 2006 -2008, creating an exceptional
technical database.
• Exploration programs by SwissGold highlighted three priority exploration targets,
which are drill-ready.
• All modern exploration data has been compiled to a solid Geographic Information
System database to support ongoing exploration.
“The Surselva Gold Project is an exciting gold project and represents a significant
opportunity for a strategic partner focused on exploration opportunities in Europe. We
are now preparing for our upcoming exploration program at the Slumber Gold Project,
and continue to focus our energy and capital in Nevada, ” commented John Watson,
Chairman of NV Gold.
The Surselva project is comprised of an exploration permit that lies in conti guous
portions in the community of Medel-Lucmagn, largely south of the Vorderrhe in River.
The exploration permit grants SwissGold the exclusive right to carry out geological,
geophysical, and geochemical surveys, drilling, and excavation on public lands within the
exploration territory for the location and evaluation of mineral resources for five years.
Surselva Gold Project Geology and Mineralization:
Gold has been known in the Vorderrhein R iver and tributaries since Roman times , with
small-scale placer mining recorded since 1700; there has been no production of gold from
a bedrock source. Gold was discovered in outcropping schist in the 1980’s. Two early
exploration programs culminated in the drilling of 19 core holes. Multiple intersections of
3 to 6 g Au/t were encouraging, but were not economic at the time. SwissGold acquired
the Surselva property in 2011 and completed geologic reconnaissance and geochemical
exploration programs in 2011, 2013 and 2015.
Geology:
Switzerland’s complex geologic framework is the result of successive continental
collisional events from Early Paleozoic to Tertiary time that together assembled the
European continent. The Surselva area includes t he Aar and Gotthard Mass ifs of the
central Swiss Alps. These massifs consist of granitic cores and surrounding metamorphic
rocks. The Aar and Gotthard massif are separated by the Tavetsch Belt of highly sheared
and metamorphosed gneiss and schist with lesser volumes of pegmatite, diorite igneous
intrusions and lenses of ultramafic rock.
Gold Mineralization:
Gold mineralization in the area occurs in a number of East -West elongate lenses o f
sheared metamorphic rocks in the Tavetsch Belt and adjacent Gotthard M assif.
Mineralized zones are marked by shear deformation and mineral alteration that impart a
distinctive mineralogy and fabric to the host rock. Sulfide minerals associated with gold
include pyrite, arsenopyrite and pyrrhotite occurring as shear-zone-hosted disseminations,
occasional semi-massive sulfide lenses, and sulfide disseminations associated with quartz
veins.
Gold mineralization is best characterized as an orogenic gold occur rence - gold
mineralization emplaced during and as a direct consequence of the A lpine mountain
building event. This style of mineralization is similar to Archean -age deposits in the
Canadian Shield or to Mesozoic -age deposits in the Sierra Nevada foothills gold belt of
California, USA. Sericite-muscovite schist with zones of pyrite-arsenopyrite occur over a
distance of ~15 kilometers in the Tavetsch Belt and extend at least 5 km in the G otthard
massif in Val Plattas. Geochemical enrichments of As, Sb, Bi, Cu and Se are recognized.
The SwissGold exploration program s advanced project understanding through
compilation of exploration data from previous exploration programs with geologic
information from public and private sources , geological prospecting and mapping to
better define the geologic al framework, and geochemical sampling. The company
database currently contains analyses for 661 rock and 276 soil samples.
Three priority target areas are identified:
1) Cazirauns – where alluvial boulders containing up to 13.5 g Au/t discovered in
2011 led to discovery of the bedrock source, with grades to 14 g Au/t in outcrop;
2) Bell Zone – where sampling in 2015 encountered an outcrop containing 30.5 g
Au/t; and
3) Stagias – where multiple zones of gold mineralization are exposed in road cuts,
with a maximum sampled gold contenet of 6.2 g Au/t. Where exposed, the zones
are narrow, but they project eastward toward the other target areas.
Surselva Gold Project Next Steps:
Exploration completed at the Surselva project since the 1980s has resulted in the
identification of a number of significant gold occurrences over a large area where gold
was previously no more than a curiosity. A number of discrete exploration targets have
been defined, with early exploration data available.
The existing exploration targets are supported by the presence of gold in soils, rocks, and
drill core, all of which have returned highly significant results. The historic drill holes
intersected long continuously mineralized intervals grading in excess of 0.3 g Au/t that
include local shorter intercepts of higher -grade gold. This work has, however, not been
comprehensive and other target areas may be discovered by continued exploration; much
of the project area has significant soil and forest cover.
Continuing exploration might proceed along three courses:
1) All three of the priority areas are considered “drill -ready” with identified drill
targets.
2) Continuing detailed exploration within and immediately surrounding the area of
Val Plattas may identify other mineralized zones.
3) Geophysical investigation of Val Plattas, either by ground geophysical surveys or
drone-based geophysical surveys may highlight both the known mineralized
structural zones or identify new zones.
.
The Surselva project is an exceptional exploration property, with identified high -grade
gold within an orogenic mineral deposit, with quality exploration data pointing to drill -
ready targets.
Please visit : https://www.nvgoldcorp.com/properties/other-projects/switzerland-project/
for additional information, Surselva Gold Project Presentation and MDA 43 -101
Technical Report.
Dr. Odin D. Christensen, C.P.G., a Director of NV Gold, is a qualified person, as
defined by National Instrument 43 -101, and has approved the technical information
in this news release.
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 and project advancement.
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 and Arizona , to prioritize key projects for focused
exploration programs. The Company currently has under 47 million shares outstanding ,
with close to 20% owned by NV Gold’s management team.
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:
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 t he
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, the plans monetize the Surselva Gold Project, complete exploration or
development of the 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 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 filings made by the Company with se curities 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.