NV Gold will remain operator of the initial exploration programs on the project and we are excited to work with Hochschild to test the project at depth for extensions of the neighbouring multi-million ounce gold deposit at the Pipeline Mine.
Mineralization at SW Pipe is observed largely within 100 m of surface, and is reportedly within the Silurian Elder Sandstone, a unit within the western-facies sequence within the upper-plate of the regional Roberts Mountains thrust fault.
Although the historic exploration data at SW Pipe was generated by reputable companies, NV Gold cannot verify the data or determine the quality assurance and quality control measures applied in generating the data other than to review the assay certificates and drill logs.
NV Gold controls an extensive portfolio of projects in Nevada, at various stages of exploration, and is currently touring other interested mining companies for potential other joint ventures.
Quinton Hennigh is a Qualified Person pursuant to National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.
Important factors that could cause actual results to differ materially from the Company’s plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals, the extent to which mineralized structures extend on to the Company’s Projects and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.