Published: October 18, 2019 |

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NV Gold Corporation has acquired 100 percent control of the Sandy Gold Project, located in Lyon County, Nevada, by staking available ground over and around the gold project. The property was identified by reviewing the company’s second purchased geological database, bought in 2018 from USMX, an exploration and development mining company which significantly explored Nevada during the 1970s and 1980s.

Its first purchased database comprises the work done by AngloGold Ashanti in the Western United States from 1990s through to the mid-2000s, and also continues to provide new ideas and potential projects.

“The Sandy Gold Project is the first of numerous projects for staking that NV Gold’s technical team has identified using our extensive, 100 percent owned database purchased from USMX,” said Peter A. Ball, NV Gold’s president.

“In addition, our drill program at the Slumber Gold Project continues, we are preparing for a drill program at the high-grade Root Spring Project for October, we anticipate assays from both Frazier Dome and Slumber in September/October, and we continue to discuss strategic partners for certain projects in our growing portfolio,” added Ball.

The Sandy Gold Project, located in Lyon County, Nevada, USA, shows widespread alteration and mineralization hosted by Tertiary volcanic rocks. Alteration mostly occurs as argillization of the host volcanic units, closely associated with iron oxides. Mineralization is most obviously expressed as several types of veins, including banded epithermal veins with chalcedonic to finely crystalline quartz, with varying amounts of calcite and adularia, and local barite. Coarse-grained calcite veins are also present.

“Sandy exhibits alteration, mineralization, and geochemical signatures consistent with other low-to-intermediate-sulfidation deposits in the vicinity, including Como, Hercules, and the Comstock Lode,” said Dr. Marcus Johnston, vice president Exploration NV Gold.

“Como was in gold and silver production from 1900-1940, Hercules includes a current gold resource, and the Comstock Lode highlights the potential of this area in the Walker Lane structural province, with historic production of 8.4 Moz Au and over 190 Moz Ag,” added Johnston.

Sandy was originally explored in 1993-1994, which included geologic mapping, rock-chip and soil sampling, and drilling. Rock-chip assay and geochemistry values of 1.5 ppm Au, 7937 ppm As, 240 ppm Sb, and 31 ppm Hg. Seventeen (17) holes were drilled, where the strongest values were identified to be found in the altered zones and in vein systems. The company is currently reviewing the geological database, and historical drill intercepts found in preliminary reports.

“These types of deposits are ideal for structural targeting, and we look forward to initiating our own mapping and sampling campaign this fall. We are currently planning on building a better understanding of mineral deposits for the Sandy vicinity, and will look to assess additional information from our databases regarding the project and local area,” said Dr. Johnston.

About NV Gold Corporation
NV Gold is a junior exploration company based in Vancouver, British Columbia that is focused on delivering value through mineral discoveries. Leveraging its highly experienced in-house technical knowledge, NV Gold’s geological team intends to utilize its geological databases, which contains a vast treasury of field knowledge spanning decades of research and exploration, combined with a portfolio of mineral properties in Nevada, to prioritize key projects for focused exploration programs.

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