NV Gold Corporation (TSX-V:NVX, OTC:NVGLF) announced that it has received the approval of the Notice of Intent (NOI) for its SW Pipe Gold Project in Nevada.
The exploration company said the US Department of the Interior's Bureau of Land Management (BLM) has reviewed the NOI and determined it is complete, containing all the information required by the surface management regulations at 43 CFR 3809.30, while stating the proposed operation is adequate to proceed.
“In 2022, the company identified multiple overlapping geochemistry anomalies suggesting the presence of a Carlin-type gold system on the property,” NV Gold vice president exploration Thomas Klein said in a statement.
READ: NV Gold outlines its promising 2023 drill priorities and exploration activities in Nevada
“We are in an excellent neighborhood to Nevada Gold Mines' (NGM) multimillion-ounce Pipeline and Cortez gold deposits and NV Gold has an excellent opportunity to make a new discovery in proximity to NGM's gold mining operations,” Klein added.
NV Gold noted that after the evaluation and analyses of two extensive geochemical surveys and the recent approval of the NOI, it intends to proceed and begin drill-testing for a potentially significant Carlin-type gold deposit on SW Pipe in the first quarter of 2023, subject to capital and drill rig availability.
NV Gold has a stated vision of seeking to discover North America’s next multimillion-ounce gold resource through focused exploration activities in Nevada.
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