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Nevada Exploration Inc.
Summary
| Project: | South Grass | |
|---|---|---|
| Deposit: | South Grass | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/26/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-2-2019: Nevada Exploration Inc. announces an Exploration/Drilling Update report for its South Grass deposit at the South Grass project. No significant assays returned from drilling. RENO, Nev., Feb. 26, 2019 -- Nevada Exploration Inc. (“NGE” or the “Co | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Wade Hodges (Internal) | |
| ABSTRACT: | RENO, Nev., Feb. 26, 2019 -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to report the next round of results from its drilling program at its South Grass Valley Project (the “Project”), where the Company’s early, wide-spaced drill holes continue to intersect characteristic Carlin-type gold deposit (“CTGD”) geologic controls, together with anomalous and highly-anomalous CTGD pathfinder element concentrations over a target area at least 3,000 metres along strike. Discussing the latest results, NGE’s CEO, Wade Hodges: “As we keep taking these large step outs, we’re seeing that this system is still open, really in all directions and at depth. The last three holes all bottomed in increasing silicification, which we now know in SGVC006 and SGVC007 is associated with consistent runs of increasing gold concentrations. With such a wide spread of drill holes across our target area, that together have tested a significant thickness of the regional stratigraphic sequence, we have the pieces to look closely at the different bedrock units, interpret the project geology, and focus on identifying the controls to vector towards potentially high-grade mineralization. We are now busy using these latest assay results to update our exploration model and lay out a clear plan for the next phase of drilling.” | |
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