NV Gold Corporation (TSX-V:NVX, OTC:NVGLF) today announced the sale of the Sandy Gold project in Lyon County, Nevada, which is deemed by the company to be a non-core asset.
The company said it was a cash transaction with a privately owned buyer and it will retain a 1.5% net smelter royalty over the property going forward.
"This sale, to Anchor Minerals, is consistent with NV Gold's business model to monetize certain claim holdings while moving forward with exploration on its remaining strategic properties in Nevada," said interim chief executive John Watson.