NV Gold Engages Drill Contractor and Initiates Program for Cook's Creek Property
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 1, 2016) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
NV Gold Corporation (TSX VENTURE:NVX) ("NV Gold or "the Company") is pleased to announce it has engaged Boart Longyear of Elko, Nevada to carry out a reverse-circulation, rotary drill program on the Company's 100% owned Cook's Creek gold project located in Lander County, Nevada. The 6-8 hole 1,500 m drill program, estimated at a cost of USD$300,000, will commence immediately and should be completed by the end of December 2016.
Drilling will focus on targets associated with high-angle faults that have yielded values in excess of 2g Au per tonne. The targets are proximal to the intersection of these fault structures with the contact of Caetano volcaniclastics, which unconformably overlay the Paleozoic sedimentary rocks of the area.
The Cook's Creek property is located in northeastern Nevada approximately 16 kilometers west of Barrick's Pipeline Mine in Lander County.
NV Gold is a listed TSX Venture company (TSX-V "NVX") with its focus on generation of advanced projects and application of new geologic models to its extensive database of project files, recently acquired from Redstar Gold. The Company has a well-known management team with a proven track record in the Great Basin.
Exploration activities at the Cook's Creek Gold project are being conducted under the supervision of Dr. Jacob Margolis, P.Geo., a contract geologist of NV Gold who is a Qualified Person under NI 43-101. Assays will be performed by ALS Chemex (Reno, Nevada and Vancouver, BC, Canada). The data verification procedures and QA/QC procedures for the program will include inserting certified standards and blanks into the sample stream. Rig duplicates will also be collected.
On Behalf of the Board of Directors,
John E. Watson, President, CEO
For further information, visit the Company's website at www.nvgoldcorp.com.
Forward-Looking Statements
This news release contains certain forward-looking statements, regarding the estimated cost of the exploration program and its estimated completion time. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include risks associated with the execution of the drill program. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy and accuracy of this release.