VANCOUVER, BC / ACCESSWIRE / April 25, 2024 / NV Gold Corporation (TSXV:NVX) (OTCQB:NVGLF) (FSE:8NV) (“NV Gold” or the “Company“) is excited to announce significant gold, silver, and copper findings from rock chip sampling at its Root Spring Gold Project in Pershing County, Nevada. The Company obtained two new samples with values of up to 14.4 g/t gold (0.463 ounces per ton (opt)), high silver values up to 5440 g/t (175 opt), and 1.26% copper. These results surpass previous high-grade samples, prompting NV Gold to reconsider the Property for further exploration to potentially identify a larger and higher-grade target.
John Watson, Interim CEO, expressed, “The recent positive samples were collected in one of the few bedrock exposures on the property, underscoring the presence of a robust precious metals system and advocating for additional property investigation. The Company is exploring the potential genetic link to our nearby Triple T project.”
About the Root Spring Gold Property
The Root Spring Gold Property is located 28 kilometers east of the Rochester silver-gold operation and 21 kilometers east of NV Gold’s Triple T gold project.
The Property comprises 26 mining lode claims covering 520 acres and was acquired from Redstar Gold in 2016. It features an epithermal/mesothermal silver-gold quartz vein system situated on the edge of a large alluvial-covered valley. The mineralization is hosted in the Triassic Koipato volcanics, which also host the nearby Rochester Ag-Au deposit and Spring Valley gold deposit.
Exploration and Drilling Results
A limited drilling program conducted in 2012 included eighteen core holes, with results showing Au-Ag mineralization down-dip from exposed veins. Noteworthy intersections from the drilling include 11.9 m grading 13.8 g/t Ag and 0.17 g/t Au, demonstrating the presence of high-grade mineralization on the Property.
Thomas Klein, VP Exploration, commented, “We are excited about the recent gold, silver, and copper findings at Root Spring. This validates the historical high-grade data on the Property, indicating the potential for a substantial mineralizing system beneath the thin alluvial cover. NV Gold is planning to expand its assessment of the Property and surrounding area to explore a possible genetic relationship with other gold-silver occurrences in the region, such as Triple T and Rochester.”
About NV Gold Corporation
NV Gold holds 100% interest in 21 mineral exploration projects in Nevada, USA. With a focus on mineral discoveries in Nevada, the Company is well-positioned to benefit from the recent increase in the price of gold. Additionally, leveraging its experienced technical team, geological data library, and extensive property portfolio, NV Gold aims to achieve significant milestones in 2024.
For further information, visit the Company’s website at www.nvgoldcorp.com or contact Freeform Communications at 604.245.0054.
On behalf of the Board of Directors,
John Watson, President, Chairman, CEO, and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider takes responsibility for the accuracy of this news release.
Adding Insight:
It is important to note that the high-grade gold, silver, and copper samples at the Root Spring Gold Project indicate the presence of a significant mineralizing system with the potential for continued exploration and discovery. By focusing on assessing possible genetic links with neighboring projects and conducting targeted sampling and drilling, NV Gold is strategically positioning itself for future success in unlocking the full potential of the Root Spring Property and surrounding areas.
