NV Gold Reports Results from ATV Gold Project and Announces Further Drill Plans
NV GOLD CORPORATION
Suite 588 – 580 Hornby Street
Vancouver, B.C. Canada V6C 3B6
February 13, 2018 Trading Symbol: NVX
NV Gold Reports Results from ATV Gold Project and Announces
Further Drill Plans
Vancouver, British Columbia – NV Gold Corporation (TSX:V: NVX; OTCQX:
NVGLF) ( “NV Gold” or the “Company) is pleased to provide initial results from its
2017 drill program at its 100% con trolled Across the Valley (“A TV”) Gold Project in
Nevada. The ATV gold project en compasses approximately 13,000 a cres of lode mining
claims on Bureau of Land Management lands and fee ground leased from Oro Vaca
Ranch and is situated approximate ly 10 km southeast of the larg e Twin Creeks
(Newmont) and Turquoise Ridge (Barrick and Newmont) mines on th e prolific Getchell
trend. Mines of the Getchell trend have produced over 20 Moz go ld from Carlin-type
deposits hosted by Paleozoic sedimentary rocks, especially carb onate-bearing units of the
lower plate of the Roberts Mountain thrust. NV Gold targeted th e underexplored ATV
area based on structural modeling that suggests faulted extensi ons of the Paleozoic
sedimentary rocks hosting the Getchell trend might be buried un der young alluvium and
volcanic rocks in this area.
Between August and December, 2017, thirteen vertical reverse ci rculation (“RC”)
stratigraphic test holes and a si ngle, vertical diamond core ho le with an RC pre-collar
were completed. Total RC drilling encompassed 4,217.7 m includi ng the pre-collar and
core drilling totaled 319.7 m. Holes were very widely spaced ac ross the ATV property
thus providing a good initial assessment of its prospectivity.
Paleozoic sedimentary rocks were intersected at depths between 195.1 and 329.3 m in 11
drill holes, and three holes we re lost in broken volcanic cover rocks before reaching
targeted Paleozoic rocks. (Please see Table 1 for a summary of drill results and Figure 1
for a plan map of drill hole locations) Importantly, this first ever drill program in this
area confirms that much of the underexplored ATV property is in deed underlain by
prospective Paleozoic host rocks easily within reach of modern exploration drilling.
Siliciclastic sedimentary rocks belonging to the upper plate of the Roberts Mountain
thrust were intercepted in all 11 holes that penetrated younger volcanic cover. Nine of
these 11 holes encountered anomalous gold and/or Carlin-type pa thfinder elements. Of
particular note are holes ARC-4 and ARC-6 situated in the east and ARC-11 situated in
the far west of the ATV project.
Hole ARC-4, drilled to 299.4 m, ended in 6.7 m grading 0.14 gpt Au. In late 2017, NV
Gold decided to diamond core drill this location to follow up o n this highly anomalous
result. Hole ARC-4C probed a further 233.7 m below ARC-4 to a d epth of 533.1 m
remaining in upper plate siliciclastic sedimentary rocks at the bottom. Although the gold
result of ARC-4 (RC) was not reproduced, four geochemically ano malous zones were
encountered lower in ARC-4C (Core) within the Upper Plate Paleozoic section.
Another RC hole, ARC-6, ended in what has been interpreted as d ecalcified silty
limestone with enriched levels of elements including Ag, As, Hg , Mo, P, Sb, Se, V and
Zn. Although this interval did not contain appreciable gold, it s Carlin-type pathfinder
anomalism and decalcified silty limestone nature make it stand out as a possible
candidate for more favorable low e r p l a t e r o c k s b e n e a t h t h e R o b erts Mountain thrust.
Further testing is planned in the immediate future.
Hole ARC-11, situated 10 km south and along strike from Newmont’s large Twin Creeks
deposit, encountered anomalous As, Hg and Sb upon intersecting upper plate siliciclastic
sedimentary rocks at 253.0 m to the end of the hole at 323.2 m. The 70 m length of this
anomalous interval and its clear Carlin-type pathfinder anomali sm may reflect proximity
to a mineralizing system, perhaps in underlying lower plate roc ks. NV Gold thinks
further exploration is warranted in this area.
ATV Project Regional Location map
Follow Up Drilling – February 2018
Recognizing the potential signifi cance of the geochemically ano malous interval of
decalcified silty limestone encountered at the end of hole ARC- 6 (RC), NV Gold drilled
and cased an additional 231 m RC precollar near this location i n December. NV Gold
plans to drill an approximately 200-300 m long diamond core tai l to test for deeper, more
prospective lower plate sediment ary rocks beginning immediately . The hole will be
numbered ARC 6-C. In addition, NV Gold may later offset hole A RC-11 with a 300 m
vertical RC hole approximately 70 0 m to south-southwest in an a ttempt to further
evaluate strongly anomalous Carli n-type pathfinder geochemistry encountered in that
hole. This RC hole may serve as a pre-collar for a deeper diamond core tail if warranted.
Table 1: Summary of ATV Drill Results
Drill Hole Drill Hole
Type
Total
Depth
(m)
Depth to
Paleozoic
Sedimentary
Rocks
Geochemically Anomalous Intervals
ARC‐1 RC 268.3 259.1 259.1‐EOH: 1.7 ppm Ag, up to 28 ppm As, up to 4 ppm Sb
ARC‐2 RC 390.2 279.0 286.6‐EOH: 1.2 ppm Ag, up to 17 ppm As, up to 5 ppm Sb
ARC‐3 RC 384.1 329.3 347.6‐EOH: 1.6 ppm Ag, up to 15 ppm As, up to 4 ppm Sb
ARC‐4 RC 299.4 292.7 210.4‐274.4: up to 107 ppm As, up to 5 ppm Hg, up to 3 ppm Sb
292.7‐EOH: 0.14 ppm Au
ARC‐4C
RC/
Diamond
Core
533.1 319.5
251.8‐275.9: up to 461 ppm As, up to 5 ppm Hg, up to 8 ppm Sb, up
to 3 ppm Tl
384.1‐391.3: 0.8 ppm Ag, up to 14 ppm As, up to 4 ppm Sb
414.6‐420.7: 0.03 ppm Au, up to 18 ppm As;
428.4‐433.5: 0.8 ppm Ag, up to 16 ppm As, up to 3 ppm Sb
442.1‐448.8: 2.7 ppm Ag, up to 15 ppm As, up to 4 ppm Sb
ARC‐5 RC 267.7
Hole lost in
broken volcanic
rocks
No anomalous geochemistry
ARC‐6 RC 353.7 237.8
350.6‐EOH: Possible Lower Plate Limestone; 3.6 ppm Ag, up to 28
ppm As, up to 1.5 ppm Hg, up to 41 ppm Mo, up to 11 ppm Sb, up
to 34 ppm Se, up to 639 ppm V, up to 1240 ppm Zn, up to 0.83% P
ARC‐7 RC 208.8
Hole lost in
broken volcanic
rocks
No anomalous geochemistry
ARC‐8 RC 402.4 243.9 294.2‐329.3: 1.5 ppm Ag, up to 13 ppm Se
ARC‐9 RC 292.7 195.1 No anomalous geochemistry
ARC‐10 RC 245.4 221.0 219.5‐245.4: up to 7 ppm Hg
ARC‐11 RC 323.2 253.0 253.0‐EOH: up to 47 ppm As, up to 27 ppm Hg, up to 3 ppm Sb
ARC‐12 RC 263.4 240.9 No anomalous geochemistry
ARC‐13 RC 304.9
Hole lost in
broken volcanic
rocks
No anomalous geochemistry
EOH = End of hole
Geochemical results in plain text occur in Paleozoic sedimentary rocks
Geochemical results in italics occur in Tertiary volcanic rock cover
Figure 1
ATV Project Drill Locations
Residual Gravity Base with with Topographic Overlay
1 mile
ARC-13
ARC-1
ARC-9
ARC-11
ARC-12
ARC-10
ARC-3
ARC-5
ARC-2
ARC-6 ARC-8
ARC-4, ARC-4C
ARC-7
John Watson, NVX’s CEO states , "NVX undertook the ATV program in 2017 as the
initial step in evaluating a regional-scale model reflecting Basin-and-Range extension and
possible lateral separation of economic mineralization during c rustal extension. Given
the structural complexity of the setting, much of the drilling was very widely spaced to
better understand the basement ge ology at a regional scale. Ti ghter spacing was
indicated in one area where BLEG sampling indicated anomalous t race element
concentrations. While only trace gold was encountered by the first-phase RC drilling, the
program achieved the initial objectives. Tertiary volcanics oc cupy a manageable
thickness over the entire property and will require additional drilling to fully test such a
large area. To that end, starting this week, an additional cor e hole will be drilled near the
collar of ARC-6 with the goal of testing the possible presence of lower plate assemblage
and probing the elevated trace elements encountered at the bottom of that hole."
Quality Control and Quality Assurance
NV Gold staff, under the supervision of Dr. Quinton Hennigh, a director of NV Gold
oversaw drilling and drill sampling discussed in this news rele ase. RC samples were
submitted to ALS Global, Reno, Nevada (“ALS”) where they were c rushed, pulverized
and analyzed. Gold and trace element analyses were performed on pulps subjected to 3-
acid digestion followed by mass spectrometric analysis. Diamond core was marked for
sampling by NV Gold staff then submitted to ALS for sawing and sampling. Half splits
of core were crushed, pulverized and analyzed under the same pr ocedure as RC samples.
Standard and blanks were systematically introduced into the sample stream.
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 indepe ndent and is also the
President, Chairman and a Director of Novo Resources Corp.
About NV Gold Corporation
NV Gold is junior exploration company based in Vancouver, Briti sh Columbia that is
focused on delivering value through mineral discoveries utilizi ng the prospector
generator model. Leveraging its highly experienced in-house tec hnical knowledge, NV
Gold’s geological 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 opportun ities 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,
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 Regu lation Service Provider (as that term is
defined in the policies of the TSX Ventur e Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Forward Looking Statements
This news release includes certa in forward-looking statements o r information. All statements other than
statements of historical fact included in this release, includi ng, without limitation, statements regarding the
possibility of observed Carlin-type pathfinder anomalism reflecting proximity to a mineralizing system and
plans for additional drilling, and other future plans and objec tives of the Company, including exploration
plans, are forward-looking statements that involve various risk s and uncertainties. There can be no
assurance that such statements will prove to be accurate and ac tual results and future events could differ
materially from those anticipated in such statements. Important f a c t o r s t h a t c o u l d c a u s e a c t u a l r e s u l t s t o
differ materially from the Compan y's plans or expectations incl ude regulatory issues, market prices,
availability of capital and financ ing, general economic, market or business conditions, timeliness of
government or regulatory approvals and other risks detailed her ein and from time to time in the filings
made by the Company with securities regulators. The Company dis claims any intention or obligation to
update or revise any forward-looking statements whether as a re sult of new information, future events or
otherwise except as otherwise required by applicable securities legislation.