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NV Gold Corp.
Summary
| Project: | ATV | |
|---|---|---|
| Deposit: | ATV | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 2/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-2-2018: NV Gold Corp. announces an Exploration/Drilling Update report for its ATV deposit at the ATV project. Drilling results incl. 6.7m @ 0.14g/t Au. Vancouver, British Columbia – NV Gold Corporation (TSX:V: NVX; OTCQX: NVGLF) (“NV Gold” or the “Comp | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Quinton Hennigh (Internal) | |
| ABSTRACT: | 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% controlled Across the Valley (“ATV”) Gold Project in Nevada. 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 large Twin Creeks (Newmont) and Turquoise Ridge (Barrick and Newmont) mines on the prolific Getchell trend. Mines of the Getchell trend have produced over 20 Moz gold from Carlin-type deposits hosted by Paleozoic sedimentary rocks, especially carbonate-bearing units of the lower plate of the Roberts Mountain thrust. NV Gold targeted the underexplored ATV area based on structural modeling that suggests faulted extensions of the Paleozoic sedimentary rocks hosting the Getchell trend might be buried under young alluvium and volcanic rocks in this area. Between August and December, 2017, thirteen vertical reverse circulation (“RC”) stratigraphic test holes and a single, vertical diamond core hole with an RC pre-collar were completed. Total RC drilling encompassed 4,217.7 m including the pre-collar and core drilling totaled 319.7 m. Holes were very widely spaced across the ATV property thus providing a good initial assessment of its prospectivity. | |
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