NV Gold Identifies Large Carlin-type Soil Anomaly at the SW Pipe Gold Project at Crescent Valley, North-Central Nevada.
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
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www.nvgoldcorp.com
NV Gold Identifies Large Carlin-type Soil Anomaly at the
SW Pipe Gold Project at Crescent Valley, North-Central
Nevada.
October 26, 2022 - NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) (“NV
Gold” or the “Company”) is pleased to announce it has identified a strong geochemi cal
anomaly from a recent soil sampling program at its 100% owned SW Pipe Gold Project
in Lander County, Nevada . (“SW Pipe ”).
About the SW Pipe Gold Property :
• Comprised of 84 unpatented mining claims covering a sediment -hosted gold
system 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.
Disseminated, Carlin-type gold mineralization covers at least 1.3 by 0.6 km (see
Figure 1 to 3).
• The Company's rock-chip assays reach 1.47 ppm Au, and historic shallow drilling
in 1989 yielded intersections that include 0.442 g/t over 16.8 m in 89-1, 0.654 g/t
over 15.2 m in 89-2, 0.794 g/t over 9.2 m in 89-9, and 0.580 g/t over 18.3 m in
89-11 (see Figure 3).
• A total of 567 soil samples were collected on the Property and later modeled in
MapInfo. The modeling shows a large and comprehensive zone of overlapping
Carlin-type geochemical anomalies including Au, As, Sb, Hg, Tl, and Se , in the
neighborhood and merging with a Magmatic Plume, which is defined by strong Pb,
W, and Te (see Figure 3). (Note: The geochemical interpretation is referring to the
“Geology and Geochemistry of the Deep Star Gold Deposit Model, Carlin Trend,
Nevada,” published in Economic Geology by Robert Jac kson and Co -writers in
2003.)
• The Property has undergone various phases of historical drilling, but drill depths
have been kept short in the past , mostly in the 100 m to 200 m range, and all
historical reverse circulation (“RC”) holes were drilled outside of the newly defined
target area. The historical drilling defined a decent -sized zone of near -surface ,
oxide-gold mineralizatio n, possibly related and represent ing leakage of a
deeper-seated gold system.
• The New Target is an interpreted dilational zone, at least half a kilometer wide
and one kilomet er long . The dilational zone is defined by two intersecti ng
faults, the Filippini and Magmatic Plume Faults, which could have functioned
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as a fluid pathway allowing an uprising gold-rich metal brine to create the
extensive geochemical anomalism (see Figure 3).
• Results from a recently completed Mercury -vapor survey covering the same
soil sampling area are still pending.
Thomas Klein, VP Exploration stated, “These are extremely exciting results based on
my knowledge and experience of over 20-years of Carlin Trend exploration and targeting.
I have been involved in numerous soil sampling programs and Mercury-vapor surveys over
the last two decades and have not seen such a comprehensive and understandable
geochemical anomaly for a long time. The pure dimensions of the geochemical anomalies
and their structural constraints are very impressive and their proximity to world-class gold
deposits is compelling enough to enhance the SW Pipe Gold Project in NV Gold’s
Exploration Pipeline to a “Must-be-drilled Target”.”
Figure 1: NV Gold Landholding Map
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Figure 21: SW Pipe Gold Project General Location Map
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Figure 3: SW Pipe Gold Project Soil Geochemistry and D ilational Zone Target
About NV Gold Corporation
NV Gold (TSXV:NVX )(OTCQB:NVGLF)(FSE:8NV) is a well -financed exploration
company with ~80 million shares issued. The Company is based in Vancouver, British
Columbia, and Reno, Nevada and is focused on delivering value through mineral
discoveries in Nevada, USA. Leveraging i ts expansive property portfolio, its highly
experienced in-house technical team, and its extensive geological data library, 2022 –
2023 promises to be highly productive for NV Gold.
On behalf of the Board of Directors,
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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
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. T hese
include statements about interpretations of exploration re sults and the presence of
possible fluid pathways and 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 co uld cause actual results to differ
materially from the Company’s plans or expectations include geological formations not
conforming to interpretations of exploration data, regulatory issues, market prices,
availability of capital and financing, general eco nomic, market or business conditions,
timeliness 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, exc ept as otherwise required by applicable
securities legislation.
SOURCE: NV Gold Corporation