NV Gold to Push Hole ARC-6C Deeper at its 100% Controlled ATV Gold Project
NV GOLD CORPORATION
Suite 588 – 580 Hornby Street
Vancouver, B.C. Canada V6C 3B6
March 2, 2018 Trading Symbol: NVX
NV Gold to Push Hole ARC-6C Deeper at its 100% Controlled ATV
Gold Project
Vancouver, British Columbia – NV Gold Corporation (TSX:V: NVX; OTCQX:
NVGLF) ( “NV Gold” or the “Company) is pleased to announce that it will be re-
entering drill hole ARC-6C and extending it up to an additional 600 meters. As
announced in its news release dated March 1, 2018, diamond dril l hole ARC-6C
intercepted carbonate-bearing sedimentary rocks thought to belo ng to the lower plate of
the Roberts Mountain thrust fault at its 100% controlled Across the Valley (“ATV”) Gold
Project in north-central Nevada.
Recent close review of this intercept suggests it may indeed be long to the Comus
Formation, an important ore-hos ting unit in the region. Orebodi es at the nearby Twin
Creeks (Newmont) and Turquoise Ridge (Barrick and Newmont) mine s are hosted by
Comus Formation. After cutting approximately 120 m of this impo rtant rock unit, hole
ARC-6C was terminated at 477.3 m.
NV Gold recently undertook a comparison of the relative positio n of the ARC-6C
intercept with the more permissive parts of the Comus Formation that host orebodies at
T w i n C r e e k s . B a s e d o n t h i s r e v i e w , N V G o l d t h i n k s t h e i n t e r c e pt in hole ARC-6C is
near the top of the Comus Formation and the hole should be deep ened up to 600 m more
to fully test the potential of this unit. Drilling is expected to begin shortly.
The ATV gold project encompasses approximately 13,000 acres of lode mining claims on
Bureau of Land Management lands and fee ground leased from Oro Vaca Ranch and is
situated approximately 10 km southeast of the Twin Creeks and T urquoise Ridge mines
on the Getchell trend. Mines of the Getchell trend have produce d over 20 Moz gold from
Carlin-type deposits hosted by Paleozoic sedimentary rocks, esp ecially carbonate-bearing
units of the lower plate of the Roberts Mountain thrust. NV Gol d targeted the
underexplored ATV area based on structural modeling that suggests faulted extensions of
lower plate host rocks of the Getchell trend might be buried un der young alluvium and
volcanic rocks in this area.
NV Gold’s CEO, John Watson commented “We feel confident the roc ks we have
intercepted in hole ARC-6C are indeed Comus Formation and that we are near the top of
that important ore-hosting unit. We think more prospective part s of the stratigraphy may
lie in the 600 m of rock below the end of this hole. Therefore, we plan to extend ARC-6C
up to 600 m further. This work should begin very soon and drill ing should be completed
over the next few weeks.”
Quality Control and Quality Assurance
NV Gold staff, under the supervision of Dr. Quinton Hennigh, a director of NV Gold
oversaw drilling of hole ARC-6C. Core to 477.3 m has been submi tted to ALS Global,
Reno, Nevada (“ALS”) where it will be split, sampled and assaye d. Results are expected
in a few weeks.
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
intercepted carbonate- bearing sedimentary rocks belonging to th e lower plate of the Roberts Mountain
thrust fault and the Comus Format ion, the intercept being near the top of the Comus Formation, the timing
of receipt of assay results and the beginning of new drilling, the structural modeling suggesting that faulted
extensions of lower plate host rocks of the Getchell trend migh t be buried under young alluvium and
volcanic rocks in the area of the ATV Project, 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 u ncertainties. There can be no assurance that
such statements will prove to be accurate and actual results an d future events could differ materially from
those anticipated in such statements. Important factors that co uld cause actual results to differ materially
from the Company's plans or expectations include regulatory iss ues, market prices, availability of capital
and financing, general economic, market or business conditions, timeliness of gover nment 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 o bligation to update or revise any forward-
looking statements whether as a result of new information, futu re events or otherwise except as otherwise
required by applicable securities legislation.