Nv GOLD to Commence Phase I Drill Program at Its Sandy GOLD Project IN Nevada
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
Tel: +1 888 363 9883
www.nvgoldcorp.com
NV GOLD TO COMMENCE PHASE I DRILL PROGRAM AT ITS
SANDY GOLD PROJECT IN NEVADA
October 19 , 20 20 - Vancouver, British Columbia – NV Gold Corporation (TSX.V:
NVX; US : NVGLF) (“NV Gold ” or the “ Company”) is pleased to announce it is
mobilizing its technical team to its 100% owned Sandy Gold Project, located within the
Walker Lane , Lyon County, Nevada, USA . NV Gold’s first drill program at Sandy is
expected to commence this week and will encompass up to 1 ,500 m in up to 10 reverse
circulation (“RC”) drill holes.
"NV Gold has an extremely busy Fall exploration season with three drill programs
planned, commencing initially with our first drill program at the Sandy Gold Project ,
which last saw drilling in the early 1990s ," commented Peter A. Ball, President and
CEO of NV Gold. "In addition, we anticipate receiving our drill permit in the next week
for our planned drill program in November at our Slumber Gold Project in Humboldt
County, Nevada, which is held under a lease under which the Company’s subsidiary holds
a 100% interest in Slumber. At the optioned Exodus Gold Project in BC, Canada, in which
we can earn up to an 85% interest, senior geological consultants from Goldspot
Discoveries Corp. recently completed a proper ty visit. We are now pushing forward to
complete an updated geological model , and anticipate soil and trenching assays to be
released upon final receipt and review, all in preparation for a diamond drill program in
November."
At the Sandy Gold Project , t he results from the recently completed property-wide
geophysical program, in combination with a site visit by our technical team, was very
valuable in assisting and prioritizing RC drill targets to test this low-sulphidation
epithermal gold system. NV Gold has secured DrillRite LLC, an experienced and highly
regarded exploration drill contractor based in Elko, Nevada, to carry out its drilling
program at Sandy.
About the Sandy Gold Project
• 20 unpatented lode claims encompassing approximately 400 acres acquired for
minimal staking costs in 2019 utilizing NV Gold’s internal geological database .
• Strategically within a highly prospective low sulfidation epithermal gold district
located in Lyon County, Nevada, USA.
• Staked prior to and now surrounded by the Hercules Gold Project claim block
controlled by Eclipse Gold Mining (TSXV: EGLD). Eclipse Gold Mining has
raised approximately $20 million to explore and advance its Hercules Project ,
where drilling is also ongoing .
• Originally explored in 1993 -1994 which includ ed geologic mapping, rock -chip
and soil sampling, and drilling. Refer to the Company’s pr ess release September
5, 2019 for additional information on historical data.
About NV Gold Corporation
NV Gold ( TSXV: NVX, US: NVGLF) is a well-financed 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 ent ered 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 & 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 i ncludes certain forward -looking statements or information. All statements other than statements of
historical fact included in this release, including, without limitation, statements regarding the Company’s planned
exploration activities, including executing a drill program at the Sandy, Slumber and Exodus Gold Projects in the Fall
of 2020, and the receipt of permits for drilling 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 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 se curities
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.