NV Gold Uncovers Promising Drill Targets at Oasis Gold-Copper Project in Nevada

08/28/2024 – 08:00 AM

VANCOUVER, BC / ACCESSWIRE / August 28, 2024 / NV Gold Corporation (TSXV:NVX) (the “Company”) is pleased to announce that a technical analysis has been completed on NV Gold Corporation’s 100% owned Oasis gold and copper project. Located in the Walker Lane structural and mineral belt of west central Nevada, about 30 miles to the west-southwest of Goldfield (>4m oz Au high sulfidation system), and about 11 miles south of the Silver Peak gold and silver district’s Nivloc mine, the area is considered fertile for economic mineral concentrations. The project has traits of both a porphyry system and a high sulfidation epithermal setting, making it a potential hotspot for mineral discoveries.

With a similar age date from alteration as some established Nevada gold deposits, the Oasis project holds promise. Despite the lack of historical shallow drilling data, Centerra Gold’s 2010-2011 program provided valuable insights through 27 RC holes.

Although the current data does not allow for an Inferred Resource calculation, the exploration target suggests substantial resources, setting the stage for potential mineralization of both gold and copper.

“The Oasis project has demonstrated both gold and copper potential. The near-surface gold zone (discussed above) is open in several dimensions and has potential to become an economic deposit by itself or as part of a larger, multi-metallic system that would encompass deeper copper mineralization. This project has become increasingly important due to the recent copper market changes,” states John Watson, Chairman and Interim Chief Executive Officer.

The geological context and mineral potential of the Oasis project highlight its significance in the evolving mineral exploration landscape. The project’s strategic location and diverse mineralization offer a promising opportunity for economic mineral discoveries, particularly in the current market scenario where copper demand is on the rise.

https://nvgoldcorp.com/properties/nevada/under-evaluation/oasis-project/

Qualified Person: The technical information in this news release was compiled, reviewed, and approved by Jesse D. Wellman, CPG, an American Institute of Professional Geologists certified Professional Geologist, and is a Qualified Person as defined in the NI 43-101. Jesse D. Wellman, CPG is a consulting Economic Geologist, and Qualified Person with over 20 years’ experience in precious metals exploration, discovery, and development.

About NV Gold Corporation
NV Gold Corporation is a well-organized exploration company with 11,397,913 million shares issued and outstanding on a fully diluted basis. NV Gold has 21 exploration projects in Nevada comprising 639 100%-Company-owned lode mining claims totaling 53.4 square kilometers (20.6 square miles) The Company is based in Vancouver, British Columbia, and Reno, Nevada and is focused on delivering value through mineral discoveries in Nevada, USA. Leveraging its expansive property portfolio, its highly experienced in-house technical team, and its extensive geological data library.

On behalf of the Board of Directors,

John Watson, Chairman and Interim CEO

For further information, visit the Company’s website at or contact:

Freeform Communications at 604.245.0054

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and statements that are based on the beliefs of management and reflect the Company’s current expectations. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company and include, without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the potential quantity and grade of mineral resources identified in the Exploration Target and the Company’s current expectations regarding future exploration and development plans. Risks and uncertainties may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information or forward-looking statements that are contained or referenced herein, except as may be required in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice regarding forward-looking information and statements.

SOURCE: NV Gold Corporation

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