Wednesday, July 7, 2021 4:37 PM PDT
RENO, Nev., July 07, 2021 (GLOBE NEWSWIRE) Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE; OTCQB:NVDEF) is pleased to provide an update from its 2021 core drilling program at its South Grass Valley Carlin-type gold project.
Summary:
During May, the Company completed the first hole of the program, SGVC012, to a final depth of 1,405 metres, successfully sampling the lower-plate Clm unit that hosts NGE’s primary East Golden Gorge target.
The targeted Clm unit in the bottom part of the hole contained some of the most intense Carlin-type alteration seen to date at the project (in many places being reduced to a sulphidic paste), which based on XRF analysis includes a 96-metre-thick interval containing highly anomalous Carlin-type pathfinders.
With respect to the current drilling, NGE reports:
The Company has logged the SGVC012 core samples down to a depth of 954 metres (this includes washing the core, collecting both white light and UV photography, completing geologic logging, collecting oriented-core structural measurements, cutting the core, and completing preliminary XRF geochemistry analysis);
Since first encountering lower-plate bedrock at 590 metres, SGVC012 has drilled through the Roberts Mountains, Hanson Creek, and Goodwin Formations;
Within the units that have been logged, there is evidence of pervasive Carlin-style hydrothermal fluid flow, marked by bleaching, argillization and decalcification, indicative of acid-leaching associated with the passage of CTGD hydrothermal fluids, as well as bedding-parallel and bedding-normal calcite veining, all of which, based on preliminary portable XRF-derived geochemistry, is associated with highly anomalous Carlin-type pathfinders, particularly within high-angle fracture