Carlin Unconformity

NevGold Provides Positive Update On Limousine Butte: New Geological Model Identifies High Priority 2023 Drill Targets

Retrieved on: 
Thursday, July 6, 2023
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Updated Geological Model Identifies Significant Mineralization Potential and New High Priority Targets: the updated geologic model for the Project has been completed incorporating new project-wide mapping and 2022 drill data.

Key Points: 
  • Updated Geological Model Identifies Significant Mineralization Potential and New High Priority Targets: the updated geologic model for the Project has been completed incorporating new project-wide mapping and 2022 drill data.
  • The Company has re-interpreted the district-scale and project-specific geology and has identified significant mineralization potential and numerous high priority drill targets for the 2023 drill program.
  • After our inaugural drill program, we have spent the past approximate 6 months re-interpreting the data and updating the geological model which has led to many key positive developments.
  • We have incorporated the new drill data into the geological database, and we have re-envisioned the entire Limousine Butte Project.

NEVADA CANYON ANNOUNCES INITIAL EXPLORATION PROGRAM ON THE SWALES PROPERTY

Retrieved on: 
Wednesday, April 19, 2023
Roberts Mountains, Nevada Gold Mines, OTC Markets Group, Nevada Bureau of Mines and Geology, Property, Monzonite, History, Snow, Carlin Unconformity, Gold, Anomaly, Mining, Weather, Phase, Swale

Reno, Nevada, April 19, 2023 (GLOBE NEWSWIRE) -- Nevada Canyon Gold Corp. (OTC Markets: NGLD) (The “Company” or “Nevada Canyon”) is pleased to announce that planning is complete for the Company’s Phase I exploration program on the Swales Property, located in the Swales Mountain Mining District in Elko County, Nevada.

Key Points: 
  • Reno, Nevada, April 19, 2023 (GLOBE NEWSWIRE) -- Nevada Canyon Gold Corp. (OTC Markets: NGLD) (The “Company” or “Nevada Canyon”) is pleased to announce that planning is complete for the Company’s Phase I exploration program on the Swales Property, located in the Swales Mountain Mining District in Elko County, Nevada.
  • Phase I of the Swales exploration program will consist of reconnaissance prospecting, geological mapping, surface trenching, sampling and the relocation of historical workings on the property.
  • This initial Phase I exploration program will provide accurate modern data to assist in the planning of the Phase II exploration program later in 2023.
  • It is important to note the Swales Property remains very underexplored with very minimal recorded modern-day exploration.

NEVADA KING INTERSECTS LOWER PLATE HOSTED CARLIN TYPE GOLD AT ITS IRON POINT PROJECT, BATTLE MOUNTAIN TREND, NEVADA

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Tuesday, April 4, 2023
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The geologic setting of Iron Point is strikingly similar to the style of known Carlin-type gold deposits occurring along the Carlin and Battle Mountain-Eureka Trends.

Key Points: 
  • The geologic setting of Iron Point is strikingly similar to the style of known Carlin-type gold deposits occurring along the Carlin and Battle Mountain-Eureka Trends.
  • In this respect, Nevada King's discovery hole VM-008C in 2019 represented a giant leap forward toward finding a Carlin-type deposit at Iron Point.
  • Nevada King's VM-008C, today's highlight hole IP22-005, and IP22-004 all confirm Carlin-type gold mineralization hosted in Lower Plate carbonate rocks along a 1,000m long segment of the EMSZ.
  • The exploration potential of the Iron Point Project includes the recognition of multiple exploration target types including: Carlin-type gold, upper plate hosted vanadium, Cu-Mo porphyry, and base and precious metal skarn.

Pipeline West/Clipper Gold Project Exploration Update

Retrieved on: 
Thursday, December 1, 2022
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VANCOUVER, British Columbia, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Riley Gold Corp. (TSX.V: RLYG) (OTCQB: RLYGF) (Riley Gold or the Company) is pleased to announce an exploration update at its Pipeline West/Clipper Gold Project (PWC) located in Lander County, Nevada.

Key Points: 
  • VANCOUVER, British Columbia, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Riley Gold Corp. (TSX.V: RLYG) (OTCQB: RLYGF) (Riley Gold or the Company) is pleased to announce an exploration update at its Pipeline West/Clipper Gold Project (PWC) located in Lander County, Nevada.
  • The project area consists of approximately 24.7 square kilometres (sqkm) in the heart of the Cortez section of the Battle Mountain Eureka Trend and adjoins Nevada Gold Mines LLC which is a joint venture between Barrick Gold Corp. and Newmont Corporation.
  • We are pleased to have been advancing our exploration work this Fall/Winter at PWC and are excited to continue those initiatives into 2023.
  • The Companys primary focus is on its two cornerstone assets: the Pipeline West/Clipper Project located in the Battle Mountain Eureka Trend (within the Cortez District) and the Tokop Gold Project located within the Walker Lane Trend.

EQS-News: Element79 Gold: Intelligent strategy for success in Nevada

Retrieved on: 
Sunday, November 27, 2022
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It has historically produced at an average of 19 g/t gold equivalent (14 g/t gold and 450 g/t silver)!

Key Points: 
  • It has historically produced at an average of 19 g/t gold equivalent (14 g/t gold and 450 g/t silver)!
  • For both projects, which have already received approval to mine 350 tons of ore per day, Element79 is pursuing a two-step strategy.
  • Machacala already has an inferred resource estimate from 2004 of 420,000 gold equivalent ounces from 1,560,000 tonnes of ore.
  • For both projects, however, Element79 Gold did not yet publish a timeframe and/or budget for further action.

American Pacific Mining Reports Assay Results, Including 12.13 g/t Gold over 1.52 Metres, from the Tuscarora Project

Retrieved on: 
Tuesday, November 22, 2022
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The best interval was 10.67 m at 0.78 g/t Au, including 3.05 m at 1.27 g/t Au in TS22-16.

Key Points: 
  • The best interval was 10.67 m at 0.78 g/t Au, including 3.05 m at 1.27 g/t Au in TS22-16.
  • About American Pacific Mining Corp.
    American Pacific Mining Corp. is a base and precious metals explorer and developer focused on opportunities in the Western United States.
  • Also in American Pacific's asset portfolio are the Gooseberry Silver-Gold project and the Tuscarora Gold-Silver project: two high-grade, precious metals projects located in key mining districts of Nevada, USA.
  • On Behalf of the Board of American Pacific Mining Corp.
    Corporate Office: Suite 910 510 Burrard Street Vancouver, BC, V6C 3A8 Canada

NevGold Intercepts 0.53 g/t Oxide Au over 74.7 Meters And Expands The Mineralized Footprint Over 100 Meters At Resurrection Ridge

Retrieved on: 
Friday, November 11, 2022
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Additionally, LB21-005 expanded the mineralized footprint at depth with a hole located over 100 meters northeast of LB21-004.

Key Points: 
  • Additionally, LB21-005 expanded the mineralized footprint at depth with a hole located over 100 meters northeast of LB21-004.
  • Large, Open Mineralized Footprint at Resurrection Ridge Continues to Grow: the current mineralized area at Resurrection Ridge now extends over 700 meters along strike and over 350 meters laterally.
  • Near-Surface Mineralization Under Shallow Cover: mineralization at Resurrection Ridge starts at vertical depth below surface of approximately 20-60 meters.
  • NevGold VP Exploration, Derick Unger, comments: This new drilling at Resurrection Ridge both expands the mineralized footprint and confirms our geologic model that mineralization continues to the northeast.

NevGold Intercepts More Oxide Gold At Resurrection Ridge Expanding The Mineralized Footprint By Over 100 Meters

Retrieved on: 
Thursday, November 10, 2022
Carlin Unconformity, Path, NAU, Company, Limestone, Uranium

Additionally, LB21-005 expanded the mineralized footprint at depth with a hole located over 100 meters northeast of LB21-004.

Key Points: 
  • Additionally, LB21-005 expanded the mineralized footprint at depth with a hole located over 100 meters northeast of LB21-004.
  • Large, Open Mineralized Footprint at Resurrection Ridge Continues to Grow: the current mineralized area at Resurrection Ridge now extends over 700 meters along strike and over 350 meters laterally.
  • Near-Surface Mineralization Under Shallow Cover: mineralization at Resurrection Ridge starts at vertical depth below surface of approximately 20-60 meters.
  • NevGold VP Exploration, Derick Unger, comments: This new drilling at Resurrection Ridge both expands the mineralized footprint and confirms our geologic model that mineralization continues to the northeast.

U.S. Gold Corp. Announces the sale of its interest in the Maggie Creek Property for $2.75 million to Nevada Gold Mines LLC (Barrick (61.5%) and Newmont (38.5%) and retains a potential royalty

Retrieved on: 
Thursday, November 10, 2022
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Under the U.S. Gold Royalty Agreement, NGM will have the right to buy back one-half of the U.S. Gold Royalty (reducing the royalty to 0.25% of Net Smelter Returns) for a fixed price of $500,000.

Key Points: 
  • Under the U.S. Gold Royalty Agreement, NGM will have the right to buy back one-half of the U.S. Gold Royalty (reducing the royalty to 0.25% of Net Smelter Returns) for a fixed price of $500,000.
  • In addition, the U.S. Gold Royalty Agreement will provide that U.S. Gold waives the first $800,000 of production royalty payments owed to it, regardless of whether NGM exercises its buy-back rights.
  • Under the U.S. Gold Royalty Agreement, NGM will also have a right of first refusal to purchase the U.S. Gold Royalty if U.S. Gold decides to sell that royalty.
  • In 2021, we drilled two holes at the south end of our Maggie Creek exploration project.

NevGold Expands Cadillac Valley South Discovery By Over 100 Meters To the Northwest And Intercepts More Oxide Gold

Retrieved on: 
Thursday, October 6, 2022
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The Company has intercepted more oxide gold at the newly discovered Cadillac Valley South area expanding the mineralized footprint by over 100 meters to the northwest.

Key Points: 
  • The Company has intercepted more oxide gold at the newly discovered Cadillac Valley South area expanding the mineralized footprint by over 100 meters to the northwest.
  • Cadillac Valley South Discovery Has Expanded by Over 100 Meters to the Northwest: CV22-007 intercepted 0.44 g/t oxide Au over 36.6 meters from a drill pad over 650 meters away from CV22-002 (0.83 g/t oxide Au over 126.2 meters released on April 6, 2022) and expands mineralization over 100 meters to the northwest of CV22-006 (0.51 g/t oxide Au over 73.1 meters released on June 2, 2022).
  • The Company has only drilled two holes at the Cadillac Valley South discovery and both holes have shown positive, consistent, oxide gold intercepts with many areas open for infill and delineation drilling.
  • Large, Open, Growing Mineralized Footprint at Cadillac Valley: the mineralized area at Cadillac Valley has further increased and now extends over 1.6 km along strike and over 450 meters laterally.