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NV Gold Corporation has identified five new mercury vapor anomalies, all outside the known mineralized gold zone, at its Slumber Gold Project in Humboldt County, Nevada.

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NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) has identified five new mercury vapor anomalies, all outside the known mineralized gold zone, at its Slumber Gold Project in Humboldt County, Nevada. Based in Vancouver, NV Gold is a well-financed exploration company, currently exploring its extensive portfolio in Nevada consisting of more than 20 properties in various stages of exploration. The company has seven high priority projects with plans to drill all seven projects in the next 6 to 12 months.

Additional Information:

Company: NV Gold Corporation
Website: www.nvgoldcorp.com
Stock Symbol: TSXV:NVX
Date Published: Nov 2, 2022
Transcript: Available

Video Transcript:

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) has identified five new mercury vapor anomalies, all outside the known mineralized gold zone, at its Slumber Gold Project in Humboldt County, Nevada.

Based in Vancouver, NV Gold is a well-financed exploration company, currently exploring its extensive portfolio in Nevada consisting of more than 20 properties in various stages of exploration

The company has seven high priority projects with plans to drill all seven projects in the next 6 to 12 months.

The 100% owned Slumber Gold Project, which covers an area of about 3.9 square kilometers, occurs along an intra-mountain graben in the Jackson Mountains approximately 50 miles northwest of Winnemucca and approximately 21 miles west of the Sleeper bonanza epithermal vein gold deposit.

Three drill campaigns were conducted between August 2019 and early 2022, with 29 Reverse Circulation holes totaling 5,201 meters or 17,063 feet.

The exploration program encountered significant thicknesses of near-surface, low-grade-oxide gold distributed over an area greater than 800 meters by 300 meters with thicknesses of 100 to 150 meters.

Notable drill intercepts, included 18.3 m @ 0.52 g/t gold in Hole SL-11, and 134.2m @ 0.14 g/t gold in Hole SL-14, starting from the collar and terminated in gold mineralization.

Most holes bottomed in gold mineralization.

Drilling confirmed that a zone of "Resistivity," reflecting hematite bearing and slightly silicified rocks, correlates well with alteration and gold mineralization.

The resistivity zone continues to be open and remains untested to the north and northeast.

The recently conducted mercury vapor survey has identified five new zones (A-E) with potential for concealed gold mineralization under gravel cover, all outside the known mineralized gold zone.

The Quicksilver Systems proprietary technique, which uses mercury vapor to detect blind mineralization, has shown to be effective for Carlin-type deposits through 100 to 200 feet of post mineral volcaniclastic sediments, and 300 to 1500 feet of pre-mineral but unaltered sedimentary lithologies.

Mercury from oxidizing mineralization is collected on silver strips, which are analyzed, and the results are mapped.

Thomas Klein, VP Exploration, stated: "I am excited to share the results of a recently completed mercury vapor survey at our Slumber Gold Project in Humboldt County, Nevada. The Company has detected five outstanding mercury vapor anomalies with values over 100 nanograms outside the zone of known gold mineralization. Knowing that mercury vapor can be the oxidation product of concealed gold mineralization at depth, the Company is planning to test some of the anomalies to prove the concept. I have evaluated this technique during my time as exploration geologists on the Carlin Trend, and I can confirm that this is a proven technique to uncover concealed gold systems."

The shares are trading at $0.07, with approximately 80 million shares outstanding.

For more information, please visit the company’s website, www.nvgoldcorp.com, For investor relations, contact Freeform Communications at 604-245-0054.