NV Gold Utilizes Internal Geological Database to Stake and Acquire Sandy Gold Project in
NV Gold Utilizes Internal Geological Database to Stake and Acquire Sandy Gold Project in
Lyon County, Nevada
VANCOUVER, BC / ACCESSWIRE / September 5, 2019 / NV Gold
Corporation (TSXV:NVX)(OTCPINK:NVGLF) (“NV Gold” or the “Company”) is pleased to
announce that it acquired 100% control of the Sandy Gold Project, located in Lyon County,
Nevada, by staking available ground over and around the gold project. The property was
identified by reviewing the Company’s second purchased geological database, bought in 2018
from USMX, an exploration and development mining company which significantly explored
Nevada during the 1970s and 1980s. Our first purchased database comprises the work done by
AngloGold Ashanti in the Western United States from 1990s through to the mid-2000s, and also
continues to provide new ideas and potential projects.
"The Sandy Gold Project is the first of numerous projects for staking that NV Gold’s technical
team has identified using our extensive, 100%-owned database purchased from
USMX," commented Peter A. Ball, NV Gold’s President. “In addition, our drill program at
the Slumber Gold Project continues, we are preparing for a drill program at the high-grade Root
Spring Project for October, we anticipate assays from both Frazier Dome and Slumber in
September / October, and we continue to discuss strategic partners for certain projects in our
growing portfolio.”
Sandy Gold Project Review
The Sandy Gold Project (“Sandy”), located in Lyon County, Nevada, USA, shows widespread
alteration and mineralization hosted by Tertiary volcanic rocks. Alteration mostly occurs as
argillization of the host volcanic units, closely associated with iron oxides. Mineralization is
most obviously expressed as several types of veins, including banded epithermal veins with
chalcedonic to finely crystalline quartz, with varying amounts of calcite and adularia, and local
barite. Coarse-grained calcite veins are also present.
“Sandy exhibits alteration, mineralization, and geochemical signatures consistent with other
low-to-intermediate-sulfidation deposits in the vicinity, including Como, Hercules, and the
Comstock Lode,” states Dr. Marcus Johnston, Vice President Exploration NV Gold. “Como
was in gold and silver production from 1900-1940, Hercules includes a current gold resource,
and the Comstock Lode highlights the potential of this area in the Walker Lane structural
province, with historic production of 8.4 Moz Au and over 190 Moz Ag.”
Sandy was originally explored in 1993-1994, which included geologic mapping, rock-chip and
soil sampling, and drilling. Rock-chip assay and geochemistry values of 1.5 ppm Au, 7937 ppm
As, 240 ppm Sb, and 31 ppm Hg. Seventeen (17) holes were drilled, where the strongest values
were identified to be found in the altered zones and in vein systems. The Company is currently
reviewing the geological database, and historical drill intercepts found in preliminary reports are:
• Sandy-6: 0.84 g/t Au from 45.7m to 57.9m, 1.16 g/t Au from 106.7m to 115.8m, 0.53 g/t
Au from 131.1m to 140.2;
• Sandy-7: 0.91 g/t Au from 48.8m to 54.9m; and
• Sandy-10: 0.44 g/t Au from 48.8m to 54.9m.
“These types of deposits are ideal for structural targeting, and we look forward to initiating our
own mapping and sampling campaign this fall,” continues Dr. Johnston. “We are currently
planning on building a better understanding of mineral deposits for the Sandy vicinity, and will
look to assess additional information from our databases regarding the project and local area.”
NV Gold notes that there is no guarantee that the historical results are representative and
cannot guarantee that the Company will be able to duplicate the results with future
exploration programs. NV Gold’s management team does not view the Sandy project
material to the Company at this time.
About NV Gold Corporation
NV Gold is a junior exploration company based in Vancouver, British Columbia that is focused
on delivering value through mineral discoveries. Leveraging its highly experienced in-house
technical knowledge, NV Gold’s geological team intends to utilize its geological databases,
which contains a vast treasury of field knowledge spanning decades of research and exploration,
combined with a portfolio of mineral properties in Nevada, to prioritize key projects for focused
exploration programs.
On behalf of the Board of Directors,
John E. Watson
Chairman
For further information, visit the Company’s website at www.nvgoldcorp.com or contact:
Peter A. Ball, President & COO
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,
statements regarding the the interpretation of geological features, and other future plans and
objectives of the Company, including the timing and execution of exploration plans, 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 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
applicable securities legislation.
SOURCE: NV Gold Corporation