NV Gold Corporation (TSX-V:NVX, OTC:NVGLF) revealed that it has secured a drill rig and has initiated drilling at its Sandy gold project in Lyon County, Nevada, while providing an overview of its 2022-2023 exploration and drilling program for its six highest priority projects in the Silver State.
The Vancouver-based junior exploration company said it is in the process of completing a detailed strategic analysis and field investigation of the 31 targets identified by Goldspot (TSX-V:SPOT) Discoveries Corp's review of NV Gold's Data Library using its proprietary artificial intelligence technology.
According to the company, the review is intended to identify longer term prospective projects to continuously add to NV Gold's burgeoning project pipeline. The junior exploration company holds one of the largest land packages in the mining-friendly state of Nevada.
WATCH: NV Gold Corp and GoldSpot Discoveries team up to complete data Library in Nevada
NV Gold provided a snapshot of its ambitious exploration programs as follows:
Sandy gold project
- Drill two-to-four reverse circulation holes for a total of approximately 600 meters (m)
- Test significant IP anomaly on strike with successful drill hole intercepts
Triple T
- Drill 10 reverse circulation holes for a total of around 1,000 meters
- Test for high-grade vein mineralization and disseminated oxides
- Start date is early/mid-October 2022
Pickhandle gold project
- Drill three reverse circulation holes for a total of around 350m
- Test for sediment/carbonate mineralization
- Start date in late October 2022
Spanish Canyon gold project
- Three reverse circulation holes for a total of approximately 350m
- Test for sediment/carbonate mineralization
- Start date in mid-November 2022
Discovery Bay project
- Two reverse circulation holes for a total of around 600 meters
- Test Southern two targets linked to high chargeability and mercury anomalies
- Start date around first quarter 2023
Slumber Gold project
- Two diamond core holes for a total of approximately 500 meters
- Two reverse circulation holes for a total of around 400 meters
- Confirm reverse circulation bias if any; test system depth and northern high-grade potential
- Start date in first quarter 2023
In a statement, NV Gold vice president exploration Thomas Klein said: "We are fortunate to have recently engaged Envirotech to commence our 2022-2023 exploration program. We have priority targets on several projects and expect significant field activity with respective news flow over the course of the next several months.”
He added: “I am optimistic that we could have several significant discoveries. Additionally, the targets identified by Goldspot provides a portfolio of high potential targets to add to our already large land package in Nevada."
Meanwhile, NV Gold CEO John Seaberg noted that the company is at a “pivotal juncture” in its evolution.
“We have amassed a significant portfolio of high priority gold properties in Nevada and are excited to test their potential, many of which have never been drilled before,” added Seaberg. “We will be very active over the course of the next several months as we begin to unlock the hidden value of these properties.”
NV Gold has a stated vision of seeking to discover North America’s next multimillion-ounce gold resource through focused exploration activities.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
Follow her on Twitter: @UttaraProactive