Nevada Exploration Inc. (NVDEF)

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NVDEF 5 Properties :

http://www.nevadaexploration.com/properties/

Grass Valley


The Grass Valley Project is located 90 km (55 miles) southwest of Carlin in Lander County, Nevada, along the western side of Grass Valley, approximately 16 kilometres (10 mi) south of Barrick Gold Corp.’s Cortez Pipeline property, one of the world’s largest and lowest cost gold mines.

NGE identified the Grass Valley target in 2012 during a hydrogeochemistry sampling program completed as part of a generative Exploration Agreement with McEwen Mining.

Since acquiring the Grass Valley Project, McEwen Mining has advanced the Project by: collecting rock, soil, and vegetation geochemistry samples; mapping the exposed range front geology in the context of the regionally important structural controls; completing a detailed gravity geophysics survey; and acquiring and reprocessing historic seismic geophysical data.

The combined exploration dataset has confirmed that this Project represents a compelling new gold exploration target with significant upside in a region of Nevada known for large, world class gold deposits.

South Grass Valley

The South Grass Valley Project is located 40 km (25 miles) northeast of Austin in Lander County, Nevada, along the western side of Grass Valley, approximately 50 kilometres (32 miles) south southwest of Barrick Gold Corp.'s Cortez Pipeline property, one of the world's largest and lowest cost gold mines.

NGE identified the South Grass Valley target in 2012 as part of a regional hydrogeochemistry sampling program.

The South Grass Valley Project is located approximately 30 km (18 miles) south of the northern Grass Valley Project, which is presently being advanced by McEwen Mining Inc. under an exploration partnership with NGE.

Kelly Creek


The Kelly Creek Project is located approximately 40 km (25 miles) north-northwest of Battle Mountain in Humboldt County, Nevada.

The Project is located along the Battle Mountain – Eureka Gold Trend within the prolific Kelly Creek Basin, between multi-million ounce gold deposits on the north (Twin Creeks, Getchell, Turquoise Ridge, and Pinson) and south (Lone Tree, Marigold, Trenton Canyon, Converse, Buffalo Valley, Copper Basin, and Phoenix).

Despite its close proximity to world class gold deposits, the Kelly Creek Project area has seen only limited exploration activity because the target’s bedrock is largely covered by syn- to post-mineral volcanic units and post-mineral alluvium.

NGE identified the Kelly Creek Project as a direct result of its groundwater chemistry exploration program, and NGE secured the target by staking and leasing unpatented mining claims.

NGE has completed groundwater chemistry and gravity geophysics surveys at the Kelly Creek Project and NGE believes the results, combined with the favourable regional and district lithology, structure, and alteration, indicate a strong potential for covered gold mineralization beneath the Kelly Creek Project area.

Hot Pot


The Hot Pot Project is located along the Battle Mountain - Eureka Gold Trend, approximately 8 km (5 miles) east of Newmont's Lone Tree mine (+5,000,000 oz Au), and 9 km (6 miles) north-northeast of Goldcorp's Marigold mine (+4,000,000 oz Au).

NGE identified the Hot Pot Project as a direct result of its groundwater chemistry exploration program. NGE secured the target with a mineral lease from a private land owner and by staking unpatented mining claims.

NGE has completed geochemistry, geophysics, and Phase I & II drilling at Hot Pot, and has discovered a completely covered gold bearing hydrothermal system similar in size and ore controlling features to the nearby Lone Tree and Marigold mines.

In 2009, NGE and International Enexco Ltd. (TSX.V:IEC) signed an Exploration and Option to Enter Joint Venture Agreement, whereby Enexco can earn a 51% interest in the Hot Pot Property by drilling 6,000 meters (19,600ft) over three years, with the option to earn an additional 19%, for 70% total, by drilling another 3,000 meters (9,800ft) during the fourth year.

In 2009/2010 Enexco completed 3,462 meters (11,300 feet) of core drilling at Hot Pot. Enexco's wide-spaced drilling encountered shallow, hydrothermally altered bedrock, and weak, but widespread anomalous gold.

Awakening

The Awakening Project is located approximately 53 km (33 miles) north-northwest of Winnemucca, Nevada, and 5 km (3 miles) north of the Sleeper Gold Mine.

The fault zones and host-rock geology that control the gold mineralization at the Sleeper Gold Mine continue northward to Awakening along the same range front geologic setting.

NGE identified elevated gold and trace elements in the groundwater at Awakening during its reconnaissance groundwater chemistry sampling program. The Awakening Project is a fully covered pediment target that has seen limited exploration to date. NGE secured the target by staking unpatented mining claims, and leasing 15 unpatented mining claims.

NGE has completed soil geochemistry, air magnetic geophysics, and gravity geophysics surveys across the property and has delineated several highly prospective targets within this largely unexplored property.

In 2011, NGE's JV parnter at the time, Northgate Minerals Corp. (TSX:NGX), completed a Phase I Drilling Program at Awakening.