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NevGold intercepts 2.13 g / t oxide Au over 58.2 meters, including 12.32 g / t oxide Au over 5.9 meters in the Cadillac Valley target area of ​​Limousine Butte.

Vancouver, British Columbia, March 8, 2022 (GLOBE NEWSWIRE) — NevGold Corp. (“NevGold” or “society“) (TSXV: NAU) (OTCQB: NAUFF) (Frankfurt:5E50) Is pleased to announce the first part of the assay from our first drill hole (CV22-001) in the Cadillac Valley target area of ​​the Nevada Limousine Butte Project (“Project”) located in the southern part of the Carlin Trend. think. For the rest of the first half of 2022, further analysis by our first 10,000-meter drill program is expected from both the Resurrection Ridge and Cadillac Valley target areas (Figure 4).

Main highlights

  • building a Luxury, Oxide gold resource: After the addition of a second drilling rig to the project in January 2022, drilling began in the highly promising target area of ​​the Cadillac Valley. The first assay received with CV22-001 includes: 2.1 2.13 g / t Oxide Au that’s all Five8.2 8.2 Meter include 12.32 g / t Oxide Au over 5.9 Meter.. Further drill holes have been sent to the lab and the assay is pending.
  • Open mineralization: The first assay released is from the first part of the hole received from the assay lab to a depth of 277.6 meters. AssayOn hold Section from Depth from 277.7 meters to 403.6 meters.
  • Highly oxidized mineralization: Analysis of CV22-001 in the Cadillac Valley reported oxidative mineralization of the entire hole. (Fig. 3)
  • Unlock the district – – new potential Cadillac Valley resource area: The Cadillac Valley is a high quality target with approximately 3,500 meters of the current 10,000 meter drill program. We are aiming for a short-term resource estimate in the Cadillac Valley after the current drill program is completed. There is Several Goal aReasons around the Cadillac Valley that are drill tested with the current program.

NevGold Brandon CEO Bonifacio,comment: “”Constructed based on Resurr’s first assayectionRidge target area release February 8The first hole in the Cadillac Valley Drill an Important and very promising target zone In a limousine butte..It’s very exciting to see another thick section of the mulchMe-Gold oxide gram material in one place o over 2 From kilo Ridge of resurrection.. We believe that the mineralization horizon may widen Between these Two areas Of the projectAnd it is very promising To check the result Consistency with the district’s geological model.We are excited the remaining Assay from This first hole in the Cadillac Valley When from Several Subsequent hole That Sent to the lab.. Assay from More holes will continue to be opened in the first half of 2022...

NevGold Chief geologist, Derrick Unger,comment: “”We are so Encouraged by From this initial data Cadillac Valley, Another important target area for district-wide limousine buttes project. By matching the results with the geological model, Projected and opened up many other futures Goal area Within a large integration 67 square kilometers Land package.. Millet enthusiasticallyThat The rest of CV22-001 From Cadillac Valley This is expected soon.There are two drill rigs on the premises actively Excavating both the Resurrection Ridge and the Cadillac Valley, many more Drill results as you proceed towards completion Estimates of gold oxide mineral resources near the surface.. “

Drill result

Hall ID Length, m* g / t Au From m To, m material Target area
CV22-001 Five8..2 2.1 2.13 212.0 270.2 Oxide Cadillac Valley
include 5.9 12.32 216.6 222.5
aPending ssays 277.7 403.6

*Reported downhaul thickness.The true width is with the dip of the drill hole teeth about 90% of the downhole thickness.


shape 1 – – View cross section Northeast Use Cadillac Valley.. Red outline Represents an Au zone of 0.1 G / t defined from past excavations.. The orange dashed line represents the area There is the potential for additional mineralization.
Click here to view the image


shape 2 – – Long section look Northwest Use Mineralization of the Cadillac Valley.. Red outline Represents an Au zone of 0.1 G / t defined from past excavations.. The orange dashed line represents areas with high potential for mineralization.
Click here to view the image


shape 3 – Oxidized photo Jasperoid From breccia CV22-001,interval 725 ―――― 730 fEET (221.0 ―――― 222..Five Meter)
Returned a value of 16..9 g / t Au.. Click here to view the image


shape Four – – Floor plan of the Resurrection Ridge and Cadillac Valley Mineralization Zone Limousine butte business. both the Resurrection Ridge and Cadillac Valley area Currently excavating According to January 19, 2022 news release..
Click here to view the image

On behalf of the board

“”signature

Brandon Bonifacio, President and CEO

For more information, please contact Brandon Bonifacio (bbonifacio@nev-gold.com), call 604-337-4997 or visit our website (www.nev-gold.com).

Sampling methodology, CoC, quality control and quality assurance: All samplings were performed under the supervision of the company’s geologists and continuously monitored a series of operations up to the American Assay Labs in Spark, Nevada, a project-independent sample preparation facility. The sample was crushed, crushed and the sample pulp was analyzed using industry standard fire analysis methods.Blank-certified references were inserted approximately every 20th Coarse reject material samples and replicas were analyzed approximately every 20.th sample. Data validation of analysis results included standard and blank statistical analysis that had to pass certain parameters for acceptance to ensure accurate and verifiable results.

The technical information contained in this news release has been reviewed and reviewed by our Principal Geologist, Derick Unger, CPG, a Nev Gold qualified person under National Instrument 43-101 and responsible for the technical matters of this release. Approved.

About society
NevGold is an exploration and development company for large-scale mineral systems in proven districts of Nevada and British Columbia. NevGold owns a 100% stake in the Nevada Limousine Butte and Cedar Wash Gold Project and the Termigan Silver Polymetals Project in southeastern British Columbia.

Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.

Precautions regarding forward-looking statements

This news release contains forward-looking statements based on our current expectations and estimates. Forward-looking statements are characterized by words such as “plan,” “expectation,” “project,” “intention,” “believe,” “expect,” “estimate,” “suggest,” and “show.” Often attached.Or the statement that a particular event or condition “can occur” or “occurs”.. Such forward-looking statements may include known and unknown risks, uncertainties, and actual events or consequences that are implied or expressed in such forward-looking statements. It includes other factors that can differ materially from the results. Forward-looking statements are stated only as of the date they were created and, unless required by applicable securities law, we may or may not be the result of new information. , Disclaims any intent or obligation to update any forward-looking statement. , future Event or result or other. Forward-looking statements do not guarantee future performance. Therefore, such statements have inherent uncertainties and should not be overly trusted.


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NevGold intercepts 2.13 g / t oxide Au over 58.2 meters, including 12.32 g / t oxide Au over 5.9 meters in the Cadillac Valley target area of ​​Limousine Butte.

Source link NevGold intercepts 2.13 g / t oxide Au over 58.2 meters, including 12.32 g / t oxide Au over 5.9 meters in the Cadillac Valley target area of ​​Limousine Butte.

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