OTC PINK: NVGLF NV Gold Plans Drilling Program For Frazier Dome Property
NV GOLD CORPORATION
Suite 588 – 580 Hornby Street
Vancouver, B.C. Canada V6C 3B6
June 28, 2018 Trading Symbol: TSX.V: NVX
OTC PINK: NVGLF
NV Gold Plans Drilling Program For
Frazier Dome Property
Vancouver, British Columbia – NV Gold Corporation (TSX.V: NVX; OTC Pink:
NVGLF) (“NV Gold” or the “Company”) is announcing its plans to carry out a reverse-
circulation, rotary drill program on the Company’s 100% owned Frazier Dome gold
project located in Nye Count y, Nevada. The 8-10 hole, 1,50 0 m drill program, estimated
at a cost of $200,000 USD, is expected to commence in early August and should be
completed by the end of September.
John Watson commented "Drilling will be focu sed on altered and mineralized fracture
sets comprising multiple joints, faults, and veins. Two main fracture sets are recognized
on the property, with widely spaced surface samples ranging upward to 6.1 g/t and 11.2
g/t Au (NV Gold samples) and 14.7 g/t Au (historic samples). Surface grades are
corroborated by several shallow (<150-meter) drill holes with intervals up to 7.5 g/t Au
over 3 meters.
The Frazier Dome property is located in the Walker Lane mineralized zone
approximately 8 kilometers north of Tonopah in Nye County.
Exploration activities at the Frazier Dome Gold project are being conducted under the
supervision of Dr. Marcus Johnston, P.Geo., Exploration Manager of NV Gold. Assays
will be performed by ALS Chemex (Reno, Ne vada and Vancouver, BC, Canada). The
data verification procedures and QA/QC procedures for the program will include
inserting certified standards and blanks into the sample stream. Rig duplicates will also
be collected.
The Company also announces that it has entere d into consulting agreements with each of
Ben Kramer-Miller and Dr. Marcus Johnston to provide services to the Company as
Manager, Corporate Development, and Manage r, Exploration, respectively. In addition
to receiving consulting fees, the Company ha s granted each of them a stock option to
acquire up to 150,000 shares and has agreed to issue them share bonuses of 10,000 shares
each, subject to approval of the TSX Venture Exchange.
About NV Gold Corporation
NV Gold is a junior exploration company base d in Vancouver, British Columbia that is
focused on delivering value through mineral discoveries utilizing the prospector
generator model and through direct explor ation activities. Leveraging its highly
experienced in-house technical knowledge, NV Go ld’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 opportunities for discovery, leas e 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 certain forward-looking statements or information. All statements other than
statements of historical fact included in this release, including, without limitation, statements regarding the
timing, extent of, and cost of its planned exploration program and the potential to sell, lease or joint venture
any of the Company’s properties, and other future plans and objectives of the Company, 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 inten tion 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.