NV Gold Increases Property Claim Holdings at the High-Grade Exodus Gold Project
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
Tel: +1 888 363 9883
www.nvgoldcorp.com
NV Gold Increases Property Claim Holdings at the
High-Grade Exodus Gold Project
July 29, 2020 - Vancouver, British Columbia – NV Gold Corporation (TSXV: NVX;
US: NVGLF) (“NV Gold” or the “Company”) is pleased to announce that the Company,
further to the completion of its property-wide helicopter-borne high resolution
aeromagnetic (“High-Res Mag”) and radiometric surveys, has increased the mineral claim
holdings by 8.1% or 9.10 sq. km (910.13 ha) at the high-grade Exodus Gold Project
(“Exodus”) in the Cariboo Mining Division, 40 km NNW of Prince George, British
Columbia. NV Gold holds an option to acquire up to an 85% interest in the Exodus Gold
Project, including these additional claims. NV Gold’s geological team recently commenced
the Company’s focused 2020 exploration program , designed to quickly identify and
prepare drill targets to be tested by phase one diamond drilling later this year.
“After preliminary review of freshly collected geophysical data at the high-grade
Exodus Gold Project, our technical team quickly identified additional key structures
interpreted to be part of the extensive mineralizing system, ” commented Peter A.
Ball, President & CEO. “We quickly increased o ur land position through staking to
approximately 121 .51 sq. km or 12,151 hectares. Final processing of the newly
collected High-Res Mag and radiometrics data is nearly complete , and will be
invaluable to guide our fieldwo rk. T he central core zone will be the priority focus
followed by the northern and southern zones, where previous key mineralized
structures were identified in 2019 , but not yet sampled . Aggressive mapping, rock and
soil sampling and trenching planned over the coming weeks will help us evaluate this
extensive gold system and prepare for drilling. O utcrops uncovered from recent
property -wide logging , and associated road access development , is aiding our ability
to quickly assess the potential of this exciting gold project .”
NV Gold has commenced its aggressive 2020 exploration program at its newly optioned
high-grade Exodus Gold Project, with the aim of identifying multiple high -grade targets
to be tested by a focused diamond drill program in October of this year . Field programs
operating this summer and fall will in clude mapping, rock and soil sampling, trenching ,
and structural modelling to help finalize drill targeting , as well as the collection of
environmental data necessary for drill permitting. Ongoing results of the field programs
are anticipated for timely re lease as the Company continues to advance the Exodus Gold
Project.
COVID-19 Response:
During the COVID -19 pandemic, NV Gold is committed to advancing exploration in a
socially responsible manner, respecting good health and safety guidelines to protect its own
employees, consultants and contractors, as well as the citizens of the communities in which
it is working. NV Gold would like to thank all of its stakeholders for their patience and
support.
About the Exodus Gold Project:
Please refer to the press release dated July 6, 2020 , which highlights detailed information
on the high-grade Exodus Gold Project, and the terms of NV Gold’s option to acquire up
to an 85% interest in the project. The link to the property page on the Company’s we bsite
is located at www.nvgoldcorp.com/properties/british-columbia/exodus-gold-project/, and
also includes detail on the Option Agreement Terms. Please visit the Com pany’s Media
section for the most recent interviews with NV Gold’s CEO at the following link:
www.nvgoldcorp.com/investors/media/.
The scientific and technical information contained in this news release as it relates to
the Exodus Gold Project has been reviewed and approved by Max Keogh, P.Geo,
Exodus Gold Project Manager and a “Qualified Person” as defined in National
Instrument 43 -101 – Standards of Disclosure for Mineral Projects .
About NV Gold Corporation
NV Gold (TSXV: NVX, US:NVGLF ) is a junior exploration company based in
Vancouver, British Columbia that is focused on delivering value through mineral
discoveries in North Ameri ca, l everaging its highly experienced in -house technical
knowledge, and identifying and drilling two to three priority projects per year . NV Gold
controls multiple drill-ready projects in Nevada, and has entered into an Option Agreement
on the high-grade Exodus Gold Project in British Columbia, Canada.
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:
Peter A. Ball, President & C EO
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 the adequacy or accuracy of this release.
Forward Looking Statements
All statements other than statements of historical fact included in this release, including, without
limitation, the details and timing for complet ion of exploration or development of the Project , that the
geophysical surveys have identified new structures, and other future plans and objectives of the
Company, are forward -looking statements that involve various risks and uncertainties. There can be
no assu rance 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 fil ings made by 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 app licable securities
legislation.