Nv GOLD Increases Holdings and Plans Drill Program at Atv Project IN Nevada
NV GOLD CORPORATION
Suite 588 – 580 Hornby Street
Vancouver, B.C.
Canada V7Y 1G5
June 5, 2017 Trading Symbol: NVX
NV GOLD INCREASES HOLDINGS AND PLANS DRILL
PROGRAM AT ATV PROJECT IN NEVADA
Vancouver, British Columbia – NV Gold Corporation (TSX.V: NVX ; OTCQX:
NVGLF) (“NV Gold ” or the “Company”) is pleased to announce it has increased its
land position at its 100% owned ATV Project, through staking, to 417 lode mining claims,
approximately 34 sq km of mineral rights covering a strategic area near Newmont Mining
Corporation’s Twin Creeks mine in northwest Nevada.
The ATV project is entirely covered by valley gravels on the western portion of the
project and a veneer of volcanic rocks on the eastern portion. Interpretation of gravity
data and structural modeling by NV Gold suggests that Paleozoic sediments are likely
present at shallow depths beneath both areas. Previous drilling immediately northwest of
the property by Evolving Gold Corp in 2011 determined favorable Paleozoic sedimentary
rocks lie as close as 100 meters within surface and intersected gold mineralization at
depths below 200 meters.
NVX is planning a 2,500 -metre drill program at ATV, beginning in late June or early
July. The Company has filed Notices of Intent with the Bure au of Land Management for
the program. The drilling will be focused on several gravity highs that were delineated by
its recently-completed gravity survey of the areas.
The program is scheduled to drill 12 -18 RC holes with depths ranging from 100 to 300
meters. The program is expected to be complete in late July or early August.
John Watson, NVX’s CEO states “The ATV Project is a high -risk, but potentially high-
reward gold play employing a new geologic model. The proximity to several existing
mines with historic production or resources totaling nearly 60 million ounces of gold
forms the conceptual basis when combined with the structural extensional dynamics of
the area.”
Quinton Hennigh (Ph.D., P.Geo.) is a Qualified Person pursuant to National Instrume nt
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, CEO and a Director of Novo Resources Corp.
About NV Gold Corporation
NV Gold is junior exploration company based in Vancouver, British Columbia that is
focused on delivering value through mineral discoveries utilizing the prospector
generator model. Leveraging its highly experienced in -house technical knowledge, NV
Gold’s g eological team intends to use its geological database, which contains a vast
treasury of field knowledge spanning decades of research and exploration, combined with
a portfolio of mineral properties in Nevada, to create opportunities for lease or joint
venture. NV Gold plans to aggressively acquire additional land positions for the growth
of its business.
On behalf of the Board of Directors,
(sgd.) "John E. Watson"
President and CEO
For further information, visit the Company’s website at www.nvgoldcorp.com or contact:
John E. Watson,
Phone: 303.674.9400
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 includes certain forward -looking statements or information. All statements other
than statements of historical fact included in this release, including, without limitation, statements
regarding gravity data and the structural modeling by NV Gold suggesting that Paleozoic sediments
are likely present at shallow depths at the ATV property, the planned exploration program consisting
of 2,500 m of drilling of 12-18 reverse circulation holes to depths of 100m -300m and its timing , the
potential to sell, lease or joint venture any of the Company’s properties, 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 expectation s 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 b y 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.