NV Gold Identifies Five New Mercury Vapor Targets at the Slumber Gold Project at Humboldt County, Nevada
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
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www.nvgoldcorp.com
NV Gold Identifies Five New Mercury Vapor Targets
at the Slumber Gold Project at Humboldt County,
Nevada
November 1, 2022
VANCOUVER, BC / ACCESSWIRE / November 1, 2022 / NV Gold
Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) (“ NV Gold ” or the
“Company ”) i s pleased to announce it has identified five new mercury vapor
anomalies, all outside the known mineralized gold zone, at its 100% owned
Slumber Gold Project in Humboldt County, Nevada (see Figure 3). (“ Slumber”).
About the Slumber Gold Project :
• Three drill campaigns have been conducted between August 2019 and
early 2022; 29 Reverse Circulation (“ RC”) holes have been completed,
totaling 5,200.9 m (17,063.3 ft).
• The 2019 -2022 exploration program encountered significant
thicknesses of near -surface, low -grade-oxide gold distributed over an
area of 800+ meters by 300+ meters with thicknesses of 100 -150
meters. Notable drill intercepts, including 18.3 m @ 0.52 g/t Au in Hole
SL-11, and SL -14, intersected 134.2m @ 0.14 g/t Au starting from the
collar and was terminated in gold mineraliz ation; most holes bottomed
in gold mineralization (see Figure 4).
• Drilling confirmed that a zone of “Resistivity,” reflecting hematite
bearing and slightly silicified rocks, correlates well with alteration and
gold mineralization. The resistivity zone continues to be open and
remains untested to the north and northeast ( refer to press release
September 7 th, 2021).
• The Company has now demonstrated that Slumber hosts a low -grade
bulk-tonnage, oxide-gold system, which remains open in multiple
directions. Drilling remains widely spaced over this large area, with
reasonable e xpectations of locating structural and lithologically
favorable zones of potentially higher grade mineralization (refer to
press release May 19 th, 2022).
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• A recently conducted mercury vapor survey has identified five new
zones (A -E) with potential for conc ealed gold mineralization under
gravel cover (see Figure 3) .
Thomas Klein, VP Exploration stated, “I am excited to share the results of a recently
completed mercury vapor survey at our Slumber Gold Project in Humboldt County,
Nevada. The Company has detected five outstanding mercury vapor anomalies with values
over 100 nanograms outside the zone of known gold mineralization (Figure 3). Knowing
that mercury vapor can be the oxidation product of concealed gold mineralization at depth,
the C ompany is planning to test some of the anomalies to prove the concept. I have
evaluated this technique during my time as exploration geologists on the Carlin Trend, and
I can confirm that this is a proven technique to uncover concealed gold systems.”
About Mercury Vapor (Quicksilver Systems)
The Quicksilver Systems proprietary technique uses mercury vapor to detect blind mineralization.
Exploration for Carlin-type deposits has shown that this approach is effective through 100 to 200
feet of post mineral volcaniclastic sediments, and 300 to 1500 feet of pre-mineral but unaltered
sedimentary lithologies. Mercury from oxidizing mineralization is collected on a silver strip. These
collectors are analyzed, and the results are mapped. Mercury vapor values exceedin g the local
background of mercury indicate mineralization at depth. These anomalous areas are used to
target drilling for concealed gold mineralization.
Figure 1: NV Gold Landholding Map
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Figure 2: Slumber Gold Project General Location Map
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Figure 3: Slumber Gold Project Mercury Vapor Results
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Figure 4: Slumber Gold Project hematite -cemented breccia from mineralized zone
About NV Gold Corporation
NV Gold (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) is a well -financed exploration
company with ~80 million shares issued and no debt. The Company is based in
Vancouver, British Columbia, and Reno, Nevada and is focused on delivering
value through mineral discoveries in Neva da, USA. Leveraging its expansive
property portfolio, its highly experienced in-house technical team, and its extensive
geological data library, 2022 promises to be highly productive for NV Gold.
On behalf of the Board of Directors,
John Seaberg, Director and CEO
For further information, visit the Company’s website at www.nvgoldcorp.com or
contact:
Freeform Communications at 604.245.0054
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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.
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 inc lude regulatory issues,
market prices, availability of capital and financing, general economic, market or
business conditions, timeliness of government or regulatory approvals, The
Company disclaims any intention or obligation to update or revise any forwa rd-
looking statements whether because of new information, future events or
otherwise, except as otherwise required by applicable securities legislation.
SOURCE: NV Gold Corporation