NV Gold Identifies Four Gold Targets Based on Positive Mercury Vapor Test Results at the SW Pipe Gold Project
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
Tel: +1 888 363 9883
www.nvgoldcorp.com
NV Gold Identifies Four Gold Targets Based on
Positive Mercury Vapor Test Results at the SW Pipe
Gold Project
December 14, 2022
VANCOUVER, BC / ACCESSWIRE / December 14, 2022 / NV Gold
Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) (“ NV Gold ” or the
“Company ”) is pleased to announce it has identified four gold targets based
on positive mercury vapor test results and potentially Carlin-type gold targets
at its 100% -owned S W Pipe Gold Project in Lander County, Nevada (see
Figure 1 & 2). (“SW Pipe or the “Property ”).
About the S W Pipe Gold Project:
The SW Pipe Gold Project is in Lander County approximately 6 km (3.7
miles) southwest of the world -class Pipeline gold mine (> 20 million
ounces of gold) in the central Cortez gold belt of north -central Nevada.
The Property, comprising 84 unpatented mining claims, is 100% -owned
by NV Gold. Historical drilling established a near -surface, oxide -gold
zone characterized by multiple intercepts of 15 m+ @ 0.5 -1.0 g/t Au.
The Company has recently finalized the analyses of an extensive
mercury vapor survey on the Property.
Results (see Figure 2):
• Modeling the results of 567 mercury vapor collector stations has
identified four mercury vapor anomalies and target areas for a
Carlin-type gold system on the Property (see Figure 2) .
• The “A-anomaly ” confirmed mercury leakage along two
interpreted faults and a dilation zone previously identified by
mapping and an earlier conducted soil geochemistry survey (refer
to October 26 th, 2022, press release ).
• The “B-anomaly ” reflects the known near -surface, oxide gold
mineralization, which was established through numerous historical
drilling campaigns.
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• The “C- and D-anomalies” are new target zones which have never
been drill -evaluated.
About Mercury Vapor :
Mercury vapor surveys are used to identify drill targets. Since the mercury
is originally contained in the same pyrites (sulfides) that may carry gold, the
mercury anomalies are an excellent proxy for the location of gold in the
subsurface.
Patty Rehn of Quicksilver Systems stated, “Based on my experience and the
mercury vapor surveys I have conducted throughout my scientific and
professional career, I believe there is a high probability that these excellent
mercury vapor survey results are an indication that there could be a covered
high-grade mineralization”.
Thomas Klein, VP Exploration stated, “I am excited to share the results of a
recently completed mercury vapor survey at our S W Pipe Gold Project ,
which is just four miles from the world class Pipeline gold project along the
Cortez gold belt in Lander County, Nevada. The Company has detected f our
outstanding mercury vapor anomalies with values up to 500 nanograms (see
Figure 2) . (Note: 500 nanograms are the upper limit s of mercury vapor
detection ). I personally favor the A-anomaly being the most encouraging
target since it confirms a previously established soil geochemistry target
(refer to October 26 th, 2022, press release). I have worked extensively with
Patty Rehn and experienced her talent on the Carlin Trend in the past and I
am more than confident that her patented technique is the number one tool
to identify and uncover concealed gold systems. NV Gold is planning to drill-
test the mercury vapor A-anomaly (Magmatic Feeder Plume target) in Q1 of
2023”
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Figure 1: NV Gold Landholding Map
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Figure 2: SW Pipe Mercury Vapor Survey and resulting Mercury Anomalies
About NV Gold Corporation
NV Gold (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) is a well-organized and well-
managed 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 Nevada, USA.
Leveraging its expansive property portfolio, its highly experienced in -house
technical team, a nd its extensive geological data library, 202 3 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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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.
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, ti meliness of government or regulatory approvals, The
Company disclaims any intention or obligation to update or revise any forward -
looking statements whether because of new information, future events or
otherwise, except as otherwise required by applicable securities legislation.
SOURCE: NV Gold Corporation