NV Gold Corporation (TSX-V:NVX, OTC:NVGLF) announced that it has received approval of the Notice of Intent (NOI) for its Triple T gold project in Nevada.
The exploration company said the NOI approval covers 10 additional reverse circulation (RC) drill holes and it will begin with the drill site construction by the end of this month.
“Triple T is one of three promising lease agreements the company has done with Tom Callicrate (Mountain Gold Claims, LLC) over the last year,” NV Gold vice president exploration Thomas Klein said in a statement.
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“The project has decent gold values with multiple grams up to 11.7 g/t Au (grams per tonne gold) from rock chip sampling and the remaining open gold intercepts from historical drilling in excess of 1.0 g/t Au were compelling enough to get the project added back to NV Gold's Exploration Portfolio,” Klein added.
NV Gold noted that, through the guidance of 3-D Leapfrog modelling, it sees the opportunity to re-evaluate the comprehensive near-surface, oxide-gold potential to improve and enhance the property to a pre-discovery stage.
Formerly named Fisher Canyon, Triple T was initially drilled by Evolving Gold in 2007 and became NV Gold's principal exploration asset when the company was formed in 2009, NV Gold added.
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