Earlier this month, NV Gold (NVX.V) confirmed
it was gearing up for a 1,500 meter drill program on the Sandy Gold venture,
the place NVX is planning to drill as much as 10 RC holes. The Sandy venture consists of
20 claims for a complete of 400 acres, and is now fully surrounded by the
Hercules gold venture, owned by Eclipse Gold (EGLD.V).
However NV Gold is planning to get busy this quarter. Not solely has it began the drill program at Sandy, it has now additionally obtained all obligatory permits to start out a brand new drill program on the Slumber gold venture, additionally in Nevada. This will likely be a Section II drill program as the primary section possible wasn’t drilled deep sufficient to hit the anticipated increased grade mineralized buildings. NV Gold did intersect gold mineralization, however the grade remained comparatively low. A current CSAMT survey indicated the earlier drill program didn’t drill deep sufficient, and NV Gold is now anticipating to finish 2,500 meters of drilling in about 10 holes utilizing a Reverse Circulation drill rig. You may re-read our Q&A with CEO Peter Ball the place we focus on the corporate’s tasks here.
Disclosure: The creator has an extended place in NV Gold. NV Gold is a sponsor of the web site.