NV Gold Mobilizes to Slumber Gold Project in Nevada to Initiate CSAMT Geophysical Survey
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
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www.nvgoldcorp.com
NV Gold Mobilizes to Slumber Gold Project in Nevada
to Initiate CSAMT Geophysical Survey
August 10, 2020 - Vancouver, British Columbia – NV Gold Corporation (TSXV: NVX;
US: NVGLF) (“NV Gold” or the “ Company”) is pleased to announce that a controlled
source audio -magnetotelluric (“ CSAMT”) geophysical survey will commence at the
Slumber Gold Project in Nevada by August 13, 2020.
“NV Gold completed an initial drill program at the Slumber Gold Project in the fall of
2019, which identified what we believe to be a significant buried epithermal gold system,”
commented Peter A. Ball, President & CEO of NV Gold. “Based on proven success of
the use of the CSAMT technology at other epithermal projects , our technical team
consisting of Dr. Quinton Hennigh and Dr. Odin Christensen, believe the survey will help
us vector in on potential mineralized structures at depth . Given the similar geology of
Slumber to other epithermal s ystems in the area, we believe Slumber has the potential to
host high-grade structures at depth , and we look forward to drill testing any CSAMT-
generated targets this fall.”
NV Gold has engaged Zonge International, of Reno, Nevada to execute the CSAMT
geophysical program at the Slumber Gold Project . Based on results from the CSAMT
survey, a more defined drill program may be developed to test for the potential feeder
structures at depth commencing later in the fall of 2020.
About CSAMT
CSAMT is a low -impact, ground geophysical survey method that involves determining
electrical resistivity of rocks. CSAMT data is desirable as it provides critical information
about geologic structure, and in the case of epithermal systems such as Slumber, identifying
areas of silicification that develop around the structural ‘plumbing’ of the hot spring, places
where mineralized veins might be found . CSAMT is useful for mapping resistivity to
around the 1,000-meter depth range. The prospective boiling zone, where high -grade
mineralization can occur within an epithermal system, is commonly at depths ranging from
300-500 m below paleo-surface.
Quinton Hennigh (Ph.D., P.Geo.) is a Qualified Person pursuant to National Instrument
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 i ndependent and is also the
President, Chairman and a Director of Novo Resources Corp.
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 America, leveraging its highly experienced in -house technical
knowledge, and identifying and drilling 2 -3 priority projects per year. NV Gold controls
multiple drill-ready projects in Nevada, and has entered into an Opt ion 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.nvgo ldcorp.com or
contact:
Peter A. Ball, President & CEO
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
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, and other future plans and
objectives of the Company including further drilling at the Slumber Gold Project , 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 ma terially 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 filings 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 otherwis e except as otherwise required by applicable
securities legislation.