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NV Gold Corp.
Summary
| Project: | Cooks Creek | |
|---|---|---|
| Deposit: | Cooks Creek | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-2-2017: NV Gold Corp. announces an Exploration/Drilling Update report for its Cooks Creek deposit at the Cooks Creek project. Drilling results incl. 4.6m @ 0.470ppm Au from 37.0m. NV Gold Corporation (TSXV: NVX ; US: NVGLF) (“NV Gold” or “the Company”) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jacob Margolis (Internal) | |
| ABSTRACT: | NV Gold Corporation (TSXV: NVX ; US: NVGLF) (“NV Gold” or “the Company”) is pleased to announce that it has staked an outcropping high-grade gold system 13 km north of the Tonopah Mining District. The new project, Frazier Dome, has yielded surface rock-chip assays to 11.2 g/t Au (Company sampling), and historic shallow drilling intersected both high-grade (7.5 g/t Au over 3 m) and low-grade (0.85 g/t over 15 m) mineralization. At Cooks Creek, two initial target areas were tested with 9 reverse-circulation drill holes totaling 1,475 m and ranged from 67 m to 244 m in length (see Table 2 below). Drilling in early December 2016, tested two targets. Holes CC16-1 through CC16-7 tested a portion of the Dinner zone, where previous surface sampling yielded gold to 2.45 g/t in silicified hydrothermal breccias believed to be localized along a northeast-trending fault with poor surface exposure. Holes CC16-8 and CC16-8A tested the Lunch fault, 1.2 km north of the Dinner zone, where historic drilling intersected 2.32 g/t Au over 21.3 m. Hole CC16-8A was a redrilled twin of CC16-8, which was lost above target due to drilling problems. CC16-8A intersected anomalous gold (0.470 ppm over 4.6 m) above (in the hanging wall of) the fault, similar to previous holes. NV Gold's President, John Watson, states: "During the Cooks Creek program, a small target was tested on this large property which has exhibited widespread gold. Initial drilling, which was designed to test this conceptual target was not successful in yielding results of merit, but opportunities remain elsewhere and the property will continue to be evaluated to determine additional targets. The volcanic-basement unconformity is intriguing noting that it has yet to be determined if it's a more significant control to mineralization than previously envisioned. The large alluvial basin adjacent to the mineralized zones conceals this unconformity, and the target will be evaluated further. " | |
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