NV Gold Corporation (TSX-V:NVX, OTC:NVGLF) announced that it has completed four reverse circulation (RC) drill holes, totaling 487.7 metres, at the Sandy project in Nevada and has initiated a first-stage, two-to-four-hole drill program at the Pickhandle gold project, also in Nevada.
The exploration company said the Pickhandle gold target’s surface geology, alteration, structural complexity, and geochemical environment are strongly indicative of a ‘Carlin-type’ gold environment, with gold values from rock chip sampling grading up to 1.5 grams per tonne (g/t) gold.
“It is of special importance that Pickhandle has never been drilled,” NV Gold vice president exploration Thomas Klein said in a statement.
READ: NV Gold kicks off drilling at Sandy gold project in Nevada; plans major field activity at six high priority projects in the Silver State
“Pickhandle has the right structural complexity, ‘Carlin-type’ ingredients, and is in an excellent neighborhood to the Cortez and Pipeline gold deposits,” Klein added.
NV Gold noted that its other active projects are in line to be drilled after Pickhandle as the company continues with its multi-project drilling campaign in Nevada.
NV Gold has a stated vision of seeking to discover North America’s next multi-million-ounce gold resource through focused exploration activities in Nevada.
Contact Sean at sean@proactiveinvestors.com