Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
2018 News Releases
https://www.nevadaexploration.com/news/2018/
NVDEF NEWS 9/7/18
Nevada Exploration Closes Oversubscribed $2M Financing
https://www.nevadaexploration.com/news/2018/nevada-exploration-closes-oversubscribed-2m-financing
September 7, 2018
Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to announce that it has closed the second and final tranche of the previously announced private placement offering (the “Offering”), pursuant to which it has issued 5,628,000 units (the “Units”) at a price of $0.125 per Unit, for gross proceeds of $703,500. Together with the first tranche closed on August 29, 2018, the Company has raised aggregate gross proceeds of $2,000,000, issuing a total of 16,000,000 Units.
Commenting on the financing, NGE’s President, James Buskard: “We have had a very positive 2018 on the ground at our South Grass Valley Project, and based on the results of our field programs, we believe the covered exploration target at the Project exhibits the characteristic hallmarks of the geochemical and alteration footprint seen at Barrick Gold Corp’s Cortez Hills deposit, located 48 km to the north. We are now ready to transition to a deeper drilling program, and with the proceeds from this financing we are working to secure a core drill rig with the objective of maintaining our momentum and beginning the drilling program this year. We would like to thank our stakeholders for their continued strong support, and we are excited to begin drilling.”
Each Unit consists of one common share in the capital of the Company (a “Common Share”) and one-half of one Common Share purchase warrant (a “Warrant”), with each whole Warrant entitling the holder to acquire an additional Common Share at an exercise price of $0.30 per Common Share for 30 months. If the closing price of the common shares of NGE quoted on the TSX Venture Exchange is greater than $0.50 for 10 consecutive trading days, NGE may accelerate the expiry date of the Warrants to the 30th day after the date on which NGE gives notice to the Warrant holders of such acceleration. All securities issued as part of the second tranche are subject to a four month plus one day hold period expiring January 8, 2019. Proceeds from the Offering will be used to advance NGE’s exploration projects and for general working capital. In connection with the Offering, the Company paid finders’ fees totalling 450,100 Units.
About Nevada Exploration Inc.
NGE is an exploration company advancing a portfolio of new district-scale gold exploration projects along Nevada’s Cortez Trend. NGE is led by an experienced management team that has been involved in several significant discoveries in Nevada, including the discovery of Lone Tree and Rabbit Creek (part of the Twin Creeks Mine). NGE’s team has spent the last decade integrating the use of hydrogeochemistry with conventional exploration tools to develop a Nevada-specific regional-scale geochemistry exploration program.
With new proprietary technology, NGE has completed the world’s largest groundwater sampling program for gold exploration, collecting approximately 6,000 samples to evaluate Nevada’s covered basins for new gold exploration targets. To advance follow-up targets, NGE has overcome the high drilling costs that have previously prohibited the wide-spread use of drilling as a prospecting tool by developing its Scorpion drill rig, a small-footprint, truck-mounted, small-diameter RC drill rig specifically tailored to the drilling conditions in Nevada’s basins (analogous to RAB drilling in other parts of the world).
By integrating hydrogeochemistry and early-stage low-cost drilling with conventional exploration methods, NGE is overcoming the challenges and radically reducing the costs of exploring in Nevada’s covered basins, and taking significant steps to open this important new search space up for district-scale exploration.
For further information, please contact:
Nevada Exploration Inc.
Email: info@nevadaexploration.com
Telephone: +1 (604) 601 2006
Website: www.nevadaexploration.com
It is go time -- finally
The PP placement is oversubscribed. The Scorpion Rig has defined a large 3D plume of gold in South Grass Valley (SGV). After all of these years of waiting we are there. Let the drilling begin in South Grass Valley! According to John Kaiser, SGV has the potential to be another Cortez deposit, which was worth $2 billion. IF they prove the concept, this company takes off like a rocket. They then drill Kelly Creek, use the Scorpion Rig on North Grass Valley, and they stake out another 12-18 claims that they have secretly identified but haven't yet claimed. If SGV doesn't show any gold, then there are serious concerns about the entire gold-in-water strategy. This is it, one way or the other.
Nevada Exploration Video Page :
https://www.nevadaexploration.com/investors/media/
NEWS 7/11/18
https://www.nevadaexploration.com/news/2018/nevada-exploration-provides-geologic-update-at-south-grass-valley-project---cortez-trend-nevada
Nevada Exploration Provides Geologic Update at South Grass Valley Project - Cortez Trend, Nevada
July 11, 2018
Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to report that its ongoing work at South Grass Valley has established further evidence for a Carlin-type mineral system at the Project. Specifically, based on the latest research on the size and nature of the isotope and geochemical footprints surrounding large Carlin-type gold deposits (“CTGDs”) in Nevada, NGE believes that the bedrock exposed in outcrop at Goodwin Butte, approximately 800 metres northwest from the northern end of the covered exploration target at South Grass Valley, exhibits characteristic hallmarks of the geochemical and alteration footprint seen at Cortez Hills, located 48 km to the north.
Researchers from the Mineral Deposit Research Unit at the University of British Columbia (“MDRU”) have examined thousands of rock samples from in and around large CTGDs in the Carlin and Cortez (Battle Mountain- Eureka) Trends to establish the background concentrations and anomalous thresholds for geochemical and isotope pathfinders associated with CTGDs, as well as the size of the resulting footprints and halos in the surrounding bedrock for each pathfinder defined by these thresholds. The importance of this research is that it establishes the characteristics of the hydrothermal fluid flow pathways, which are critical building blocks of these large systems, as well as the relative relationships of pathfinders to a deposit over distance. Together this provides the information required for vectoring in bedrock during early-stage drilling at a project, especially during the first few drill holes, prior to encountering significant concentrations of gold.
At Barrick Gold Corp.’s Cortez Hills deposit, MDRU analysed approximately 2,200 bedrock samples for carbon and oxygen isotopes, and integrated these results with a large geochemistry drill hole database. Based on this large sample set, the MDRU research shows that at Cortez Hills (the nearest large CTGD to NGE’s South Grass Valley Project) the isotopes and pathfinder elements travelled outboard of the economic mineralization in the following order by distance (nearest to farthest, analogous to a bullseye): Au < 13C & Tl < Sb < Hg < As < 18O. Where the mineralized hydrothermal fluids encountered zones of increased permeability (layers of more permeable rocks within less permeable bedrock), the isotopes and pathfinder elements travelled further outboard of the mineralization, travelling 100s to 1,000s of metres along these higher-flow fluid pathways, while generally only travelling 10s of metres into the adjacent less permeable, lower-flow bedrock units. This research from Cortez Hills provides the context for identifying zones of hydrothermal fluid flow and for following the fluid flow along these pathways back towards their source during exploration. Importantly, this research also provides the actual concentrations used to define the pathfinder thresholds at Cortez Hills.
At South Grass Valley, there is a 700-metre-thick sequence of exposed, favorably iron rich, permeable, and chemically reactive “lower-plate” carbonate host rocks that dips under the cover at the Project towards the exploration target, which NGE defined based on a focused north-south zone of enriched gold in groundwater above shallow, oxidized, silicified, and decalcified limestone, siltstone, and sandstone. NGE has completed bedrock mapping and sampling of the exposed bedrock surrounding the Project. With the latest Cortez Hills research from MDRU, NGE is now able to compare the pathfinder element concentrations seen in the exposed favourable host units dipping under its target with those seen surrounding the Cortez Hills deposit.
Most of the exposed bedrock south of the target is within the contact metamorphic aureole of a Jurassic age granitic stock (intrusive) where its primary permeability has been reduced. The nearest exposed outcrop north of the target is Goodwin Butte, which is located 0.8 km to the northwest, outside the area that has been affected by the intrusive activity. The results of NGE’s sampling of a small carbonate breccia pipe at Goodwin Butte noted high concentrations of CTGD pathfinder elements in only moderately permeable and reactive Goodwin Limestone. Based on the MDRU research, most of the important pathfinder concentrations seen in the carbonate breccia at Goodwin Butte are well above the thresholds that define the footprint surrounding the Cortez Hills deposit:
Arsenic: the MDRU “Highly Anomalous Threshold” for arsenic at Cortez Hills (used to define the extent of the alteration halo at the deposit) is 98 ppm, which defines an alteration halo extending 1.5 to 2 km from the Cortez Hills deposit – the 306 ppm arsenic seen at Goodwin Butte significantly exceeds this threshold;
Mercury: the Goodwin Butte samples did not contain anomalous mercury; however, samples from the exposed bedrock located 3 km south of the target did contain mercury values up to 0.75 ppm, which are well above the MDRU “Background Threshold” (used to define the extent of the geochemistry footprint) at Cortez Hills of 0.11 ppm, and are approaching the MDRU “Highly Anomalous Threshold” of 1.2 ppm;
Antimony: the 46.7 ppm antimony seen at Goodwin Butte exceeds the 20 ppm MDRU “Highly Anomalous Threshold” for antimony at Cortez Hills, and so is also consistent with the Cortez Hills halo; furthermore, at these threshold levels, because antimony defines a smaller footprint at Cortez Hills relative to arsenic, extending a shorter distance into the surrounding bedrock, the high antimony at Goodwin Butte suggests the potential for a relatively closer source, consistent with Goodwin Butte being located only a short distance from the target; and
Thallium: the 0.5 ppm thallium seen at Goodwin Butte exceeds the 0.35 ppm MDRU “Background Threshold” for thallium at Cortez Hills, and approaches the 1.2 ppm MDRU “Highly Anomalous Threshold”, which at Cortez Hills is constrained to an area immediately adjacent to the gold mineralization, providing a final piece of supporting evidence that the exposed bedrock at Goodwin Butte, adjacent to the covered South Grass Valley target, is within what would be considered the geochemical and alteration halo at Cortez Hills.
Discussing the importance of the results, NGE’s CEO, Wade Hodges: “As we transition from exploring in near-surface to covered search spaces, we must always be looking for better tools to vector in blind settings. While brownfields exploration is largely tasked with following known mineralization outwards into adjacent areas, when conducting greenfields exploration, we need to rely on different clues prior to encountering gold in bedrock. Our hydrogeochemistry program has allowed us to follow measurable gold and related pathfinder elements in groundwater to vector into a shallow, favourable bedrock target at South Grass Valley, and as we transition to deeper bedrock drilling, we must switch gears and now begin to vector with these same pathfinder elements in bedrock.
“The MDRU research is powerful for explorers tasked with finding new CTGDs in Nevada. While these concentrations of pathfinder elements on their own are not diagnostic, the fact that at South Grass Valley they are contained within a visually unremarkable carbonate breccia unit suggests that the CTGD pathfinder elements were transported by hydrothermal fluids that travelled along fluid flow pathways that passed through nearby favourable limestone host rocks. Importantly, these concentrations also tell us that the hydrothermal fluids active in the system had a budget of gold-related trace elements consistent with that seen at Cortez Hills. Furthermore, based on the MDRU research, we know that these high concentrations of pathfinder elements define relatively tight footprints surrounding the deposit at Cortez Hills, which suggests that by vectoring with gold in groundwater, our detailed hydrogeochemistry borehole program has brought us close to the source.
“As we prepare to complete our first drilling program, based on this research we already know we’re on the game board. Geochemically, we’re already in what at Cortez Hills would be considered the deposit’s geochemical and alteration halo, and we’re not yet even into what are considered the more permeable or reactive units present higher in the sequence, which based on historic drilling we expect to encounter at shallow depths. It is important to remember that the actual size of the gold mineralization is often relatively small, even at a major deposit like Cortez Hills. To maximize our odds of discovery, we need to maximize the information we can extract from our early drill holes. The MDRU research improves our ability to vector using a full suite of CTGD pathfinder elements and isotopes, as well as to respond to the full geologic picture by identifying and following fluid flow pathways, all of which are based on the known characteristics of Nevada’s large CTGDs. With this information we believe we have established that South Grass Valley possesses the required critical components to host a large CTGD. This is going to be an exciting drilling program.”
For more information about the Company’s South Grass Valley Project, including the most recent technical presentation, readers are encouraged to visit: http://nevadaexploration.com/projects/south_grass/
About Nevada Exploration Inc.
NGE is an exploration company advancing a portfolio of new district-scale gold exploration projects along Nevada’s Cortez Trend. NGE is led by an experienced management team that has been involved in several significant discoveries in Nevada, including the discovery of Lone Tree and Rabbit Creek (part of the Twin Creeks Mine). NGE’s team has spent the last decade integrating the use of hydrogeochemistry with conventional exploration tools to develop a Nevada-specific regional-scale geochemistry exploration program. With innovative technology, NGE has completed the world’s largest groundwater sampling program for gold exploration, collecting approximately 6,000 samples to evaluate Nevada’s covered basins for new gold exploration targets. To advance follow-up targets, NGE has overcome the high drilling costs that have previously prohibited the wide-spread use of drilling as a prospecting tool by developing its Scorpion drill rig, a small-footprint, truck-mounted, small-diameter RC drill rig specifically tailored to the drilling conditions in Nevada’s basins (analogous to RAB drilling in other parts of the world). By integrating hydrogeochemistry and early-stage low-cost drilling with conventional exploration methods, NGE is overcoming the challenges and radically reducing the costs of exploring in Nevada’s covered basins, and taking significant steps to open this important new search space up for district-scale exploration.
For further information, please contact:
Investor Relations
Nevada Exploration Inc.
Email: info@nevadaexploration.com
Tel: +1 (604) 601 2006
Website: www.nevadaexploration.com
NEWS 6/21/18
http://www.nevadaexploration.com/news/2018/index.php?content_id=372
Historical drilling provides evidence of shallow, hydrothermally-altered lower-plate bedrock and Nevada Exploration acquires additional 1,900 ha at South Grass Valley - Cortez Trend, Nevada
June 21, 2018
Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to report that a review of historic drilling at its South Grass Valley Project has provided further evidence for the presence of shallow hydrothermally-altered lower-plate bedrock at the company’s South Grass Valley Project (the “Project”). The Company is also pleased to report that it has significantly increased its land holdings at the Project by staking 227 new claims covering 1,900 ha, bringing the Company’s total holdings at this district-scale project to 4,100 ha.
Based on a review of historic activity in and around the Project, NGE has learned that during the late 1990s eight shallow reverse-circulation (RC) drill holes were drilled in the Project area. The summary drill logs show that one of the drill holes located in the area where NGE has projected shallow, lower-plate bedrock (based on the recently announced results of its airborne magnetic survey - see news release dated April 12, 2018) encountered oxidized, silicified, and decalcified limestone, siltstone, and sandstone, beginning at a depth of only 70 metres and continuing to the bottom of the hole at 170 metres.
Discussing the importance of the results, NGE’s CEO, Wade Hodges: “This information is incredibly important for the Project because it confirms what we had before only been able to project. We now know with much more certainty that the thick sequence of favourable lower-plate host rocks exposed in the adjacent outcrop 800 meters to the west, containing the same types of bedrock units associated with the mineralization at Cortez to the north, continue under cover beneath our focused exploration target. We now have additional evidence for favourable Carlin-type alteration, as well as oxidation, which likely provided the mechanism to release the gold and related suite of Carlin-type pathfinder elements we see in the groundwater at the Project. Also of importance, we now know that the depth to bedrock across the Project is much shallower than we had estimated earlier, which we expect to translate into lower exploration costs. This information checks many of the boxes we were hoping to see in our own drilling and allows us to better target our planned deeper drilling program, which together we believe have further de-risked the project.”
South Grass Valley - June 2018
About the South Grass Valley Project
NGE’s 100% owned 41 km2 South Grass Valley Project is located at the southern end of Grass Valley, the covered valley immediately south of Barrick’s Cortez complex (Pipeline, Cortez Hills, and Goldrush), one of the world’s largest and lowest cost gold mines with annual production of approximately one million ounces.
Two bedrock outcrops spaced 5 km apart at the Project exhibit Carlin-type gold deposit-style alteration and geochemistry within a 700-metre-thick sequence of lower-plate carbonate host rocks immediately below the Roberts Mountains Thrust. Based on the historic drilling, the 2018 air magnetic geophysics, and the gravity geophysics, there is strong evidence that these favourable host rocks are present under relatively shallow cover across a large portion of the Project. This large area of favourable geology is intersected by a high-angle fault corridor that projects under the cover from the exposed range front (based on mapping and gravity geophysics), providing a potential major conduit to expose the favourable host rocks to mineralized hydrothermal fluids.
From November 2017 to January 2018, NGE completed 69 infill groundwater sampling boreholes at South Grass Valley to follow up on a gold-in-groundwater anomaly identified during a regional-scale, generative exploration program. The objectives of NGE’s infill program were to establish the extent, size, and magnitude of the gold-in-groundwater footprint at South Grass Valley, its relationship to the larger prospective geologic setting, and to constrain the target for a deeper drilling program. In total, NGE has now completed 135 boreholes across the Project area, collecting samples from most boreholes at multiple depths, for a total of 234 groundwater samples.
The results of NGE’s infill borehole program have defined a 1,000 x 4,000 metre N-S oriented zone of enriched gold, arsenic, antimony, barium, thallium, tungsten, and sulfate in groundwater, representing a hydrogeochemistry footprint consistent in size and magnitude (including gold up to 800 times background) with those seen around Lone Tree and Twin Creeks, large known gold deposits on the Cortez Trend, as well as at NGE’s Kelly Creek Project. Importantly, this zone of enrichment is coincident with the projected intersection of the major N-S high-angle fault corridor and the favourable lower-plate carbonate host rocks.
Based on the size of the zone of enriched gold in groundwater footprint and the size of the area of projected lower-plate host rocks intersected by the high-angle fault corridor, NGE believes that the target is large enough to support a district-scale mineral system, and is now suitably constrained for a focused deeper drilling program to evaluate the potential for economic mineralization.
For more information about the Company’s South Grass Valley Project, including our most recent technical presentation, readers are encouraged to visit: http://nevadaexploration.com/projects/south_grass/
About Nevada Exploration Inc.
NGE is an exploration company advancing a portfolio of new district-scale gold exploration projects along Nevada’s Cortez Trend. NGE is led by an experienced management team that has been involved in several significant discoveries in Nevada, including the discovery of Lone Tree and Rabbit Creek (part of the Twin Creeks Mine). NGE’s team has spent the last decade integrating the use of hydrogeochemistry with conventional exploration tools to develop a Nevada-specific regional-scale geochemistry exploration program. With innovative technology, NGE has completed the world’s largest groundwater sampling program for gold exploration, collecting approximately 6,000 samples to evaluate Nevada’s covered basins for new gold exploration targets. To advance follow-up targets, NGE has overcome the high drilling costs that have previously prohibited the wide-spread use of drilling as a prospecting tool by developing its Scorpion drill rig, a small-footprint, truck-mounted, small-diameter RC drill rig specifically tailored to the drilling conditions in Nevada’s basins (analogous to RAB drilling in other parts of the world). By integrating hydrogeochemistry and early-stage low-cost drilling with conventional exploration methods, NGE is overcoming the challenges and radically reducing the costs of exploring in Nevada’s covered basins, and taking significant steps to open this important new search space up for district-scale exploration.
For further information, please contact:
Investor Relations
Nevada Exploration Inc.
Email: info@nevadaexploration.com
Tel: +1 (604) 601 2006
Website: www.nevadaexploration.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Wade A. Hodges, CEO & Director, Nevada Exploration Inc., is the Qualified Person, as defined in National Instrument 43-101, and has prepared the technical and scientific information contained in this News Release.
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws, including, without limitation, expectations, beliefs, plans, and objectives regarding projects, potential transactions, and ventures discussed in this release.
In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, the assumption the Company will continue as a going concern and will continue to be able to access the capital required to advance its projects and continue operations. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain additional financing, environmental permits, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions.
A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
NEWS 6/14/18
Nevada Exploration’s Wade Hodges and James Buskard presenting at Resources for Future Generations conference (RFG2018) in Vancouver on June 19, 2018
http://www.nevadaexploration.com/news/2018/index.php?content_id=371
June 14, 2018
Nevada Exploration Inc. (TSX.V:NGE) (OTCQB:NVDEF) is pleased to invite its stakeholders to attend upcoming presentations by NGE’s CEO, Wade Hodges, and President, James Buskard, at the Resources for Future Generations conference (RFG2018) being held in Vancouver, Canada, from June 16 to 21, 2018, at the Vancouver Convention Centre.
Resources for Future Generations 2018
RFG2018 is being organized by the International Union of Geological Sciences (IUGS), the Canadian Federation of Earth Sciences (CFES), the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), the Geological Association of Canada (GAC) and the Mineralogical Association of Canada (MAC), and is being supported by a long list of technical partners – see: http://www.rfg2018.org/en/RFG/2018/Rfg-Highlights/Partner-Organizations.
Recognizing its important place in exploring for new resources, as well as in mining in general, the conference organizers have dedicated three technical sessions to hydrogeochemistry. This represents a significant milestone for hydrogeochemistry, as it marks the first time a major international resource-focused conference has gone to such lengths to highlight its role in terms of the future of the industry.
Wade Hodges and James Buskard are each presenting their papers on the morning of June 19, 2018, in the session titled WA14: Hydrogeochemistry: Environment and Exploration I – for times and location see:
http://rfg2018.gibsongroup.ca/admin/calendar_stream.php?id=89
Links to abstracts:
#2418 KEYNOTE: Combining low-cost drilling and hydrogeochemistry to explore for Carlin-Type-Gold Deposits (CTGD’s) in covered settings: A case study from the Kelly Creek Basin, Nevada, presented by Wade Hodges – abstract: http://rfg2018.gibsongroup.ca/pdf/rfg2418.pdf
#2375 Exploring undercover using 3D geochemistry: transitioning from basin-scale to prospect-scale Au exploration using hydrogeochemistry, presented by James Buskard – abstract: http://rfg2018.gibsongroup.ca/pdf/rfg2375.pdf
For an overview of the conference’s scope, here is a short video:
Click to Play (
NEWS 6/5/18
Nevada Exploration Acquires Additional 1,090 Ha And Builds District-Scale Land Position At Kelly Creek - Cortez Trend, Nevada
http://www.nevadaexploration.com/news/2018/index.php?content_id=370
June 5, 2018
Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to report that the Company has significantly increased its land holdings at its Kelly Creek Project based on the results of its 2017 Scorpion drill program. With the addition of 153 new claims covering 1,090 ha, NGE now controls 5,320 ha in the Kelly Creek Basin, making it the third-largest holder in this important covered search space at the north end of the Cortez (Battle Mountain-Eureka) Trend, after Newmont Mining and Barrick Gold.
Discussing the importance of the new claims, NGE’s CEO, Wade Hodges explains: “Based on our updated exploration model and our understanding of the large Carlin-type gold deposits to the north and south, we believe Kelly Creek offers district-scale potential, with multiple mineralized targets aligned along a corridor of favourable geology, under what we have demonstrated is only shallow cover. These types of opportunities have become rare, and we are excited to increase our holdings and our stakeholders’ exposure at the Project.”
Kelly Creek Project
About the Kelly Creek Project
NGE’s Kelly Creek Project is located within the prolific Kelly Creek Basin, a large covered valley basin bounded by multi-million-ounce Carlin-type gold deposits (CTGDs) at both the north and south ends. The Project was generated as a result of the Company’s systematic, hydrogeochemistry-supported, regional exploration program, which discovered highly-enriched gold in groundwater at the Project.
NGE has completed a comprehensive geophysics program at the Project, the results of which project important structures and host units, known to control the mineralization at Lone Tree and Marigold to the south, northwards beneath the covered Project. Based on these projections, the Company has completed Scorpion and other drill sampling programs to characterize the geochemistry of the groundwater, alluvial cover, and bedrock at the Project, which together suggest the presence of a large and mineralized hydrothermal system.
The combined exploration datasets have established that the critical components associated with large CTGDs are present at the Project, including: favourable structural setting, favourable host rocks, suitable wall-rock permeability, characteristic geochemistry, and significant volumes of altered and mineralized bedrock. With these datasets, as described in the Company’s news releases dated January 16 and 19, 2018, NGE has defined several mineralized targets similar in scale and ore-controlling features to the nearby Lone Tree and Marigold deposits. Lone Tree produced 4.60 Moz of gold from 1991 to 2015. Marigold produced 3.24 Moz of gold from 1989 to 2016, with a remaining indicated mineral resource of 4.98 Moz (348.30 Mt at 0.45 g/t) at December 31, 2016. Based on its geologic model, NGE believes that the gold-bearing hydrothermal system that was active at Kelly Creek was likely the extension of the system responsible for Lone Tree and Marigold, with potential to support significant additional mineralization.
For more information, readers are encouraged to review the most recent technical presentation on the Project available at: http://www.nevadaexploration.com/projects/kelly_creek/
Disclosure of an Exploration Target
The disclosure of the potential for Kelly Creek to host a significant gold deposit constitutes disclosure of an exploration target, and thus is subject to NI 43-101, 2.3(2) – Restricted Disclosure. NGE is required to highlight for its stakeholders that at this stage of exploration, the Kelly Creek Project remains a target for which the potential quantity and grade is still conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
About Nevada Exploration Inc.
NGE is an exploration company advancing a portfolio of new district-scale gold exploration projects along Nevada’s Cortez Trend. NGE is led by an experienced management team that has been involved in several significant discoveries in Nevada, including the discovery of Lone Tree and Rabbit Creek (part of the Twin Creeks Mine). NGE’s team has spent the last decade integrating the use of hydrogeochemistry with conventional exploration tools to develop a Nevada-specific regional-scale geochemistry exploration program. With innovative technology, NGE has completed the world’s largest groundwater sampling program for gold exploration, collecting approximately 6,000 samples to evaluate Nevada’s covered basins for new gold exploration targets. To advance follow-up targets, NGE has overcome the high drilling costs that have previously prohibited the wide-spread use of drilling as a prospecting tool by developing its Scorpion drill rig, a small-footprint, truck-mounted, small-diameter RC drill rig specifically tailored to the drilling conditions in Nevada’s basins (analogous to RAB drilling in other parts of the world). By integrating hydrogeochemistry and early-stage low-cost drilling with conventional exploration methods, NGE is overcoming the challenges and radically reducing the costs of exploring in Nevada’s covered basins, and taking significant steps to open this important new search space up for district-scale exploration.
For further information, please contact:
Investor Relations
Nevada Exploration Inc.
Email: info@nevadaexploration.com
Tel: +1 (604) 601 2006
Website: www.nevadaexploration.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Wade A. Hodges, CEO & Director, Nevada Exploration Inc., is the Qualified Person, as defined in National Instrument 43-101, and has prepared the technical and scientific information contained in this News Release.
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws, including, without limitation, expectations, beliefs, plans, and objectives regarding projects, potential transactions, and ventures discussed in this release.
In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, the assumption the Company will continue as a going concern and will continue to be able to access the capital required to advance its projects and continue operations. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain additional financing, environmental permits, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions.
A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Corporate Fact Sheet Here:
http://www.nevadaexploration.com/_resources/factsheet.pdf
Recent News 4/12/18
News Release
http://www.nevadaexploration.com/news/index.php?content_id=238
Air Magnetic Results Project Lower-Plate Carbonates Beneath Nevada Exploration’s South Grass Valley Project - Cortez Trend, Nevada
April 12, 2018
Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to report that the results of a 124 sq km air magnetic geophysical survey project a large area of favourable lower-plate carbonate host rocks beneath the cover at the Company’s South Grass Valley Project (the “Project”). These new results provide strong additional support for the Carlin-type gold deposit (“CTGD”) target at the Project, defined by a focused zone of enriched gold in groundwater coincident with the projected intersection of favourable lower-plate carbonate host rocks and a major high-angle fault corridor.
Discussing the results, NGE’s CEO, Wade Hodges explains: “Our exploration model at the Project is to test the combination of enriched gold in groundwater with the projections of favourable host rocks and structure. Our detailed hydrogeochemistry borehole program has constrained the extent of the gold-in-groundwater enrichment, and the gravity geophysics has given us a good handle on the location of the structural corridor. The primary purpose of the air magnetic survey was to project the extent of the thick sections of lower plate containing CTGD-style alteration and geochemistry under cover from where we see them exposed in outcrop, which it achieved. We are very pleased with the results as they have provided another important cross-hair to focus our planned deeper drilling program to now test for gold mineralization within these favourable lower-plate host units.”
With this updated exploration model, NGE expects to be able to focus its planned deeper drilling at the Project to test for gold mineralization within these favourable lower-plate bedrock host units.
Air Magnetic Survey Results
In late March 2018, EDCON-PRJ, Inc. completed a 991 line-km fixed-wing airborne magnetic survey for the Company across the Project, covering 124 sq km. At the regional scale, the results of the survey show a pronounced NW-SE fabric, consistent with the strike of the fold axes known to control mineralization elsewhere along the Cortez Trend, including at Barrick’s Goldrush deposit. At the project scale, the magnetic response across the exposed bedrock areas shows a strong correlation with mapped units, specifically with the higher-magnetic intrusive and volcanic units, and the lower-magnetic carbonate units, which provides confidence in the interpretation of the survey across the covered bedrock areas.
Borehole program at South Grass Valley
Based on the projections of the exposed geology and the survey results, the combined interpretation has resolved the covered portion of the Project into separate geologic domains. Most significantly, the survey defined a 15 sq km magnetic low extending under cover from an exposed bedrock outcrop containing a thick sequence of lower-plate carbonate host rocks, which NGE believes provides additional evidence to support the projection of these favourable host rocks beneath the Project.
Borehole program at South Grass Valley
South Grass Valley Project
NGE’s 100% owned 22 km2 South Grass Valley Project is located at the southern end of Grass Valley, the covered valley immediately south of Barrick’s Cortez complex (Pipeline, Cortez Hills, and Goldrush), one of the world’s largest and lowest cost gold mines with annual production of approximately one million ounces.
Two bedrock outcrops spaced 5 km apart at the Project exhibit CTGD-style alteration and geochemistry within a 700-metre-thick sequence of lower-plate carbonate host rocks immediately below the Roberts Mountains Thrust. Based on gravity geophysics and the March 2018 air magnetic geophysics, these favourable host rocks project under relatively shallow cover across a large portion of the Project. This large area of favourable geology is intersected by a N-S high-angle fault corridor that projects under the cover from the exposed range front (based on mapping and gravity geophysics), providing a potential major conduit to expose the known favourable host rocks to mineralized hydrothermal fluids.
From November 2017 to January 2018, NGE completed 69 infill groundwater sampling boreholes at South Grass Valley to follow up on a gold-in-groundwater anomaly identified during a regional-scale, generative exploration program. The objectives of NGE’s infill program were to establish the extent, size, and magnitude of the gold-in-groundwater footprint at South Grass Valley, its relationship to the larger prospective geologic setting, and to constrain the target for a deeper drilling program. In total, NGE has now completed 135 boreholes across the Project area, collecting samples from most boreholes at multiple depths, for a total of 234 groundwater samples.
The results of NGE’s infill borehole program have defined a 1,000 x 4,000 metre N-S oriented zone of enriched gold, arsenic, antimony, barium, thallium, tungsten, and sulfate in groundwater, representing a hydrogeochemistry footprint consistent in size and magnitude (with gold up to 800 times background) as those seen around Lone Tree and Twin Creeks, large known gold deposits on the Cortez Trend, as well as at NGE’s Kelly Creek Project. Importantly, this zone of enrichment is coincident with the projected intersection of the major N-S high-angle fault corridor and the favourable lower-plate carbonate host rocks.
Based on the size of the zone of enriched gold in groundwater footprint and the size of the area of projected lower-plate host rocks intersected by the high-angle fault corridor, NGE believes that the target is large enough to support a district-scale mineral system, and is now suitably constrained for a focused deeper drilling program to evaluate the potential for economic mineralization.
Readers are encouraged to review the most recent technical presentation on the Project. Click here
About Nevada Exploration Inc.
NGE is an exploration company advancing a portfolio of new district-scale gold exploration projects along Nevada’s Cortez Trend. NGE is led by an experienced management team that has been meaningfully involved in several significant discoveries in Nevada, including the discovery of Lone Tree and Rabbit Creek (part of the Twin Creeks Mine). NGE’s team has spent the last decade integrating the use of hydrogeochemistry with conventional exploration tools to develop a Nevada-specific regional-scale geochemistry exploration program. With innovative technology, NGE has completed the world’s largest groundwater sampling program for gold exploration, collecting approximately 6,000 samples to evaluate Nevada’s covered basins for new gold exploration targets. To advance follow-up targets, NGE has overcome the high drilling costs that have previously prohibited the wide-spread use of drilling as a prospecting tool by developing its Scorpion drill rig, a small-footprint, truck-mounted, small-diameter RC drill rig specifically tailored to the drilling conditions in Nevada’s basins (analogous to RAB drilling in other parts of the world). By integrating hydrogeochemistry and early-stage low-cost drilling with conventional exploration methods, NGE is overcoming the challenges and radically reducing the costs of exploring in Nevada’s covered basins, and taking significant steps to open this important new search space up for district-scale exploration.
For further information, please contact:
Investor Relations
Nevada Exploration Inc.
Email: info@nevadaexploration.com
Tel: +1 (604) 601 2006
Website: www.nevadaexploration.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Wade A. Hodges, CEO & Director, Nevada Exploration Inc., is the Qualified Person, as defined in National Instrument 43-101, and has prepared the technical and scientific information contained in this News Release.
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws, including, without limitation, expectations, beliefs, plans, and objectives regarding projects, potential transactions, and ventures discussed in this release.
In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, the assumption the Company will continue as a going concern and will continue to be able to access the capital required to advance its projects and continue operations. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain additional financing, environmental permits, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions.
A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
.2 x .214
Occasionally , I post the Bid X Ask for an easy look at the trend
which happens to be down in the low 20s as you see.
-Cents
NEWS 3/15/18
Nevada Exploration’s Infill Borehole Program Defines Large Carlin-type Gold Deposit Target at South Grass Valley on Cortez Trend
http://www.nevadaexploration.com/news/index.php?content_id=237
March 15, 2018
Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is very pleased to report that the results of its infill borehole program at the South Grass Valley Project have identified a 1,000 x 4,000 metre Carlin-type Gold Deposit (“CTGD”) target defined by a focused zone of enriched gold in groundwater coincident with the projected intersection of favourable lower-plate host rocks and a major high-angle fault corridor. With strong support for mineralization along the projected fault corridor, NGE is preparing for a deeper drilling program to test for the structural controls of the potentially large system.
NGE’s 100% owned 22 km2 South Grass Valley Project is located at the southern end of Grass Valley, the covered valley immediately south of Barrick’s Cortez complex (Pipeline, Cortez Hills, and Goldrush), one of the world’s largest and lowest cost gold mines with annual production of approximately one million ounces. Two bedrock outcrops spaced 5 km apart at the South Grass Valley Project exhibit CTGD-style alteration and geochemistry within a 700-metre-thick sequence of lower plate carbonate host rocks immediately below the Roberts Mountains Thrust. Based on gravity and air magnetic geophysics, these favourable host rocks project under relatively shallow cover across a large portion of the Project. This large area of favourable geology is intersected by a N-S high-angle fault corridor that projects under the cover from the exposed range front based on mapping and gravity geophysics, providing a potential major conduit to expose the known favourable host rocks to mineralized hydrothermal fluids.
From November 2017 to January 2018, NGE completed 69 infill groundwater sampling boreholes at South Grass Valley to follow up on a gold-in-groundwater anomaly identified during a regional-scale, generative exploration program. The objectives of NGE’s infill program were to establish the extent, size, and magnitude of the gold-in-groundwater footprint at South Grass Valley and its relationship to the larger prospective geologic setting, and to build support for a deeper drilling program. NGE reported results from the first 44 boreholes on January 22, 2018. In total, NGE has now completed 135 boreholes across the Project area, collecting samples from most boreholes at multiple depths, for a total of 234 groundwater samples.
The results of NGE’s infill borehole program have defined a focused 1,000 x 4,000 metre N-S oriented zone of enriched gold, arsenic, antimony, barium, thallium, tungsten, and sulfate in groundwater, representing a hydrogeochemistry footprint consistent in size and magnitude (with gold up to 800 times background) as those seen around Lone Tree and Twin Creeks, large known gold deposits on the Cortez Trend, as well as at NGE’s Kelly Creek Project. Importantly, this zone of enrichment is coincident with the projected intersection of the major N-S high-angle fault corridor and the favourable lower plate carbonate host rocks known to exist at the Project. At 4,000 metres in length, NGE believes that the size of the target is large enough to support a district-scale mineral system, and at 1,000 metres in width, NGE believes that the target is now suitably constrained for a focused deeper drilling program to evaluate the potential for economic mineralization associated with the projected major structural controls.
Borehole program at South Grass Valley
Discussing the results of the infill borehole program at South Grass Valley, Wade Hodges, NGE’s CEO, explains: “With characteristic CTGD lower plate host rocks exposed in outcrop at the Project, and with strong support from mapping and geophysics that these favourable host rocks continue under cover and intersect a major high-angle structure, this project area has drawn the interest of many exploration companies. As the first group to use hydrogeochemistry at the Project, we are the first to have been able to integrate this new geochemical filter into our exploration program to systematically evaluate this highly-prospective covered target. We are very pleased to share with our stakeholders that the results from our infill program have provided the required, but up-until-now missing, support for gold mineralization at the Project. We have constrained this large prospective area to a focused and compelling target that is now ready for a deeper drilling program.”
A comprehensive technical presentation accompanying this news release is available. Click here.
About Nevada Exploration Inc.
NGE is an exploration company advancing a portfolio of new district-scale gold exploration projects along Nevada’s Cortez Trend. NGE is led by an experienced management team that has been meaningfully involved in several significant discoveries in Nevada, including the discovery of Lone Tree and Rabbit Creek (part of the Twin Creeks Mine). NGE’s team has spent the last decade integrating the use of hydrogeochemistry with conventional exploration tools to develop a Nevada-specific regional-scale geochemistry exploration program. With innovative technology, NGE has completed the world’s largest groundwater sampling program for gold exploration, collecting more than 5,500 samples to evaluate Nevada’s covered basins for new gold exploration targets. To advance follow-up targets, NGE has overcome the high drilling costs that have previously prohibited the wide-spread use of drilling as a prospecting tool by developing its Scorpion drill rig, a small-footprint, truck-mounted, small-diameter RC drill rig specifically tailored to the drilling conditions in Nevada’s basins (analogous to RAB drilling in other parts of the world). By integrating hydrogeochemistry and early-stage low-cost drilling with conventional exploration methods, NGE is overcoming the challenges and radically reducing the costs of exploring in Nevada’s covered basins, and taking significant steps to open this important new search space up for district-scale exploration.
For further information, please contact:
Investor Relations
Nevada Exploration Inc.
Email: info@nevadaexploration.com
Tel: +1 (604) 601 2006
Website: www.nevadaexploration.com
NEWS 1/22/18
Nevada Exploration Provides South Grass Valley Project Update
http://www.nevadaexploration.com/news/2018/index.php?content_id=236
January 22, 2018
Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) provides an update on the results of its ongoing detailed 3D hydrogeochemistry program at its 100%-owned South Grass Valley Project in Nevada. NGE has received assay results from 88 groundwater samples, from 44 of 54 new boreholes completed since the beginning of November 2017, and the Company is pleased to report that the South Grass Valley target is resolving into a focused, north-south lineament of enriched gold in groundwater above a projected shallow bedrock shelf of favourable lower-plate host rocks.
Due to challenging ground conditions, namely course boulder layers, NGE has predominantly completed the recent sampling boreholes using its GeoprobeTM equipment, rather than with its Scorpion drill rig, as initially planned. While the GeoprobeTM collects shallower samples, in this round of sampling from 30 m to depths up to 64 m, it is still able to provide multiple samples per hole, allowing for 3D interpretation of the hydrogeochemistry, and importantly, is much faster, allowing NGE to complete sampling boreholes at approximately five times the rate of the Scorpion. As a result, NGE has collected broader sample coverage than expected, although providing samples from not as deep. With this increased sampling density, NGE has collected sufficient groundwater level data to accurately model the regional direction of groundwater flow, providing important information to interpret the results at the Project.
In terms of the gold-in-groundwater results, the values ranged from less than detection to a high of 447 ppt, representing considerably higher enrichment than seen in earlier sampling at the Project. The image below shows all of: (i) the results of NGE’s earlier basin-scale sampling program in the larger Grass Valley (which identified both the South Grass Valley Project as well as NGE’s Grass Valley Project at the north end of the valley); (ii) the collar locations of NGE’s South Grass Valley boreholes, shown with groundwater elevation contours; and (iii) the updated distribution of gold-in-groundwater at the Project, showing all assays received to date.
NGE’s Grass Valley Project
Discussing the results, NGE’s CEO, Wade Hodges: “We’re excited to share with our stakeholders that as we tighten the net at South Grass Valley by increasing our sampling density, the results are providing even more support for the continuity of the north-south zone of gold-in-groundwater enrichment located approximately 800 m to the east of the favourable lower plate Pogonip Formation host rock units exposed, outcropping at surface. Just like our work at our Kelly Creek Project, we are systematically testing for the critical components needed to host a large, Carlin-type gold deposit by integrating hydrogeochemistry with conventional geology to focus the South Grass Valley target for deeper drilling. Based on these encouraging results, we’re proceeding to complete additional boreholes, and we look forward to reporting the next round of results once complete.”
About South Grass Valley
NGE’s 100% owned, 22.1 km2, South Grass Valley Project is located approximately 50 kilometres south-southwest of Barrick Gold Corp.’s Cortez complex, along the Eureka - Battle Mountain Gold Trend, within the specific region of north-central Nevada known for Carlin-type gold deposits (“CTGD”). NGE originally identified the Project based on elevated concentrations of gold and CTGD trace element geochemistry in groundwater as part of a basin-scale generative exploration program. NGE’s follow-up work has established the significant, coincident presence of hydrothermally altered and geochemically anomalous lower plate carbonate host rock along the western edge of the Project, and interpretation of air magnetic and gravity geophysics projects this favourable host rock towards the target defined by the enriched gold and supporting geochemistry in groundwater.
About Nevada Exploration Inc.
NGE is an exploration company focused on gold in Nevada. NGE is led by an experienced management team that has been meaningfully involved in several significant discoveries in Nevada, including the discovery of Lone Tree and Rabbit Creek, which is now part of the Twin Creeks Mine. NGE’s team has spent the last decade integrating the use of hydrogeochemistry with conventional exploration tools to develop a Nevada-specific regional-scale geochemistry exploration program. With innovative technology, NGE has completed the world’s largest groundwater sampling program for gold exploration, collecting more than 5,500 samples to evaluate Nevada’s covered basins for new gold exploration targets. To advance follow-up targets, NGE has overcome the high drilling costs that have previously prohibited the wide-spread use of drilling as a prospecting tool by developing its Scorpion drill rig, a small-footprint, truck-mounted, small-diameter RC drill rig specifically tailored to the drilling conditions in Nevada’s basins (analogous to RAB drilling in other parts of the world).
By integrating hydrogeochemistry and early-stage low-cost drilling with conventional exploration methods, NGE is generating and advancing a portfolio of gold exploration projects in Nevada. NGE and its exploration partners have now drilled more than 18,000 metres on targets defined by its exploration program, and at several projects have discovered new large hydrothermal systems, with spatial extents covering several square kilometres, defined by system-appropriate alteration in bedrock over significant drill intervals (>300 m) containing widespread low-level gold (>0.1 g/t) and supporting trace-element lithogeochemistry consistent with the geologic and geochemical footprints of large Carlin-type gold deposits in Nevada. With these results NGE believes that it has demonstrated the validity of its integrated exploration program to discover and advance new high-quality gold targets in otherwise blind settings. By overcoming the challenges and radically reducing the costs of exploring in Nevada’s covered basins, NGE is taking significant steps to open this important new search space up for district-scale exploration.
For further information, please contact:
Investor Relations
Nevada Exploration Inc.
Email: info@nevadaexploration.com
Tel: +1 (604) 601 2006
Website: www.nevadaexploration.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Wade A. Hodges, CEO & Director, Nevada Exploration Inc., is the Qualified Person, as defined in National Instrument 43-101, and has prepared the technical and scientific information contained in this News Release.
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws, including, without limitation, expectations, beliefs, plans, and objectives regarding projects, potential transactions, and ventures discussed in this release.
In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, the assumption the Company will continue as a going concern and will continue to be able to access the capital required to advance its projects and continue operations. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain additional financing, environmental permits, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions.
A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
NEWS 1/19/18
Nevada Exploration Clarifies Press Release on Results at Kelly Creek
January 19, 2018
http://www.nevadaexploration.com/news/2018/index.php?content_id=235
At the request of IIROC (Investment Industry Regulatory Organization of Canada), Nevada Exploration Inc. (“NGE” or the “Company”) is pleased to clarify and provide additional information related to its January 16, 2018, news release regarding the Company’s results at its Kelly Creek Project (the “Original Press Release”).
Geologic context of nearby deposits
The Company wishes to clarify the information provided about the nearby Lone Tree and Marigold deposits, the sizes of which were rounded to the nearest million ounces and presented simply as 5 Moz and 8 Moz respectively, in the Original Press Release:
Lone Tree produced 4.60 Moz of gold from 1991 to 2015; and
Marigold produced 3.24 Moz of gold from 1989 up to and including 2016; and at December 31, 2016, SSR Mining published a 4.98 Moz Indicated Mineral Resource (348.30 Mt at 0.45 g/t).
Disclosure of an Exploration Target
The disclosure of the potential for Kelly Creek to host a 5 to 10 Moz gold deposit constitutes disclosure of an exploration target, and thus is subject to NI 43-101, 2.3(2) – Restricted Disclosure. As a result, the Company wishes to provide additional cautionary language with respect to the statements: “Our results at Kelly Creek combine all the critical components necessary to source a world-class gold deposit.”, and “NGE believes that these results confirm that all the critical components needed to host a world-class 5 - 10 Moz deposit are present at the Kelly Creek Project”. NGE is both required and desires to highlight for its stakeholders that at this stage of exploration, the Kelly Creek Project remains a target for which the potential quantity and grade is still conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
NGE Management Experience
The Company wishes to clarify the statement that NGE’s management has been involved with the discovery of 30 Moz gold in Nevada. Due to the uncertainty associated with characterizing each of the historic resources in terms of their resource and reserve categories, NGE wishes to retract the reference to the number of ounces associated with these discoveries.
For further information, please contact:
Investor Relations
Nevada Exploration Inc.
Email: info@nevadaexploration.com
Tel: +1 (604) 601 2006
Website: www.nevadaexploration.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Wade A. Hodges, CEO & Director, Nevada Exploration Inc., is the Qualified Person, as defined in National Instrument 43-101, and has prepared the technical and scientific information contained in this News Release.
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws, including, without limitation, expectations, beliefs, plans, and objectives regarding projects, potential transactions, and ventures discussed in this release.
In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, the assumption the Company will continue as a going concern and will continue to be able to access the capital required to advance its projects and continue operations. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain additional financing, environmental permits, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions.
A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
NEWS 1/16/18
Nevada Exploration Enlarges Gold Mineralization at Kelly Creek and Prepares for Deeper Drilling
http://www.nevadaexploration.com/news/2018/index.php?content_id=233
January 16, 2018
Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to report that the results of the Company’s Scorpion drill program have confirmed that the hydrothermal system that was active at Kelly Creek is gold-bearing over larger areas than previously known, with discrete zones of enriched gold in groundwater anchored to at least two clusters of >0.1 g/t gold in bedrock covering areas consistent in size with the geochemical footprints of the nearest major gold deposits, Lone Tree (5 Moz) and Marigold (8 Mozs). When combined with the results of earlier drilling, NGE’s updated geologic model suggests that the gold-bearing hydrothermal system at Kelly Creek is likely the extension of the system responsible for Lone Tree and Marigold, and is of a size to support major additional mineralization.
A comprehensive technical presentation accompanying this news release is available at:
http://nevadaexploration.com/_resources/ presentations/Kelly_Creek_Technical _Presentation_
January_2018.pdf
Summarizing the results, Wade Hodges, CEO: “We have specifically built an exploration program to look for large gold deposits. Being the first to open-up Nevada’s covered basins to systematic gold exploration, we are not looking for one to two million ounce deposits, we are on the hunt for five to ten million ounce deposits, and bigger. Big deposits are the product of big mineralized systems, which create big footprints, and so that is what we are exploring for. With our Scorpion drilling results at Kelly Creek, along with an improved geologic model supported by historic drilling and a comprehensive package of geophysics, we have successfully established that the mineral system we’ve identified at Kelly Creek was pregnant (gold-bearing) over a significant area, and that the system had active fluid pathways that both intersected and affected large volumes of favourable host rock at a scale consistent with what you see at Nevada’s largest gold deposits.
“We have found exactly what we are looking for: a big mineralized gold system with a big footprint. Our results at Kelly Creek combine all the critical components necessary to source a world-class gold deposit. Just as importantly, the 3D groundwater results have defined discrete, parallel zones of gold enrichment that cut through this otherwise large system, giving us clear and focused targets to test for the final variable: are there places where the pregnant fluids and the suitable host rock units and deposition conditions came together to result in higher-grade mineralization? Answering this question will be the specific goal of our next round of deeper drilling at the Project.
“This is what systematic exploration looks like, and this is how big deposits are found. We are sticking to our plan, and we are excited by the results – especially as Kelly Creek is just the first of three projects we’re advancing using the same workflow.”
Scorpion Drilling Results
The favourable geologic setting (host units and structural controls) associated with the adjacent Lone Tree and Marigold deposits project northwards to the Kelly Creek Project area, beneath relatively shallow cover. Earlier drilling and groundwater sampling had confirmed that this relatively shallow, prospective structural and bedrock setting was also associated with enriched gold in groundwater, alluvium, and bedrock. The Scorpion drilling program was designed to collect 3D groundwater, alluvium, and top of bedrock samples across this prospective covered bedrock area, with the objective of constraining the target by vectoring into areas of gold mineralization in bedrock that are large enough to be associated with the footprint of a world-class gold deposit.
The Scorpion program consisted of 61 holes totalling 5,864 m of drilling, with an average hole depth of 95 m. Of the 61 holes, 41 holes encountered bedrock, at an average depth of 84 m, which allowed for widespread bedrock mapping and sampling. From the 61 holes, 552 water samples were collected, on average every 10 m downhole, providing important 3D geochemistry across the project, especially in areas of deeper bedrock where the Scorpion could not sample bedrock directly.
The results have established that the lateral extent of the gold-in-groundwater footprint at Kelly Creek is of a comparable size, and perhaps larger, than that seen at Lone Tree, consistent with the presence of a large, robust, mineralized system. Zones of enriched gold in groundwater form focused, parallel NNW-trending lineaments (also reflected more broadly in arsenic and antimony in groundwater) bounded by the primary N-S structural fabric that runs parallel to Lone Tree and north from Marigold. These linear zones of enrichment that cut through this large favourable system are consistent with the geometry of mineralization hosted within secondary zones of structural extension (Riedel-style shears), marking potential conduits of enhanced vertical hydrothermal fluid flow that are known to provide important ore-controls at many large deposits in Nevada (including Lone Tree).
The results of the Scorpion bedrock sampling combined with the bedrock samples from earlier drilling together define two clusters of >0.1 g/t gold in bedrock, covering areas at least 700 m x 300 m and 1,000 m x 600 m respectively, associated with the discrete lineaments of increased gold-in-groundwater enrichment, which provide new strong evidence that the hydrothermal system at Kelly Creek is mineralized over a larger area than previously known.
Establishing the Critical Components for a Major Gold Deposit
By combining the latest Scorpion drill results with the results of earlier deeper core drilling and the geophysical structural interpretation (based on the combined gravity, air magnetic, seismic, and CSAMT datasets), NGE has updated the geologic model at Kelly Creek to test for the critical components known to support gold mineralization at a scale of 5 to 10 million ounces in this part of Nevada (i.e. Carlin-type gold deposits). Based on the combined exploration datasets, NGE is pleased to report that:
The primary and secondary structural fabric seen in the geophysics, core drilling, and hydrogeochemistry, plus the thick sections of alteration and geochemistry seen in the drilling, support the presence of major reactivated high-angle structural conduits associated with a hydrothermal system of a size necessary to support the formation of a major mineralized system;
Veining and structural damage seen in the core drilling confirm that the permeability of the units proximal to the favorable structural conduits has been improved over large areas and is well-suited to support gold deposition;
Thick and wide-spread intervals of hydrothermal alteration, oxidation, decalcification, and carbon remobilization confirm a large hydrothermal system was active at Kelly Creek, and mark the style of alteration and mineralization associated with Carlin-type gold deposits, which together are indicative of a favorable mineralizing environment;
The geochemical footprint seen across the project, which includes large areas of gold mineralization in bedrock, is consistent in terms of the size and geochemical package with the footprints associated with many of Nevada’s large mineral systems, which confirms: (i) that the system’s hydrothermal fluids were pregnant; (ii) that the pregnant fluids were present across large areas of the system; and (iii) that the pregnant fluids could potentially source economic gold mineralization where provided with favourable depositional conditions, namely suitably-permeable iron-rich host rocks; and
Thick sections of bedrock units known to support mineralization nearby at Lone Tree and Marigold were encountered by all of the widespread and deeper core drill holes, which confirm that favourable, iron-rich, and suitably permeable host rocks are present across the entire project area and at depth.
NGE believes that these results confirm that all the critical components needed to host a world-class 5 - 10 Moz deposit are present at the Kelly Creek Project, and that the combined dataset suggest the gold-bearing hydrothermal system at Kelly Creek is likely the extension of the system responsible for the adjacent Lone Tree (5 Moz) and Marigold (8 Mozs) deposits, with the potential to support significant additional mineralization.
Next Phase of Work
The next phase of work at Kelly Creek will consist of deeper drilling to test for areas where gold-bearing hydrothermal fluids were able to exploit favourable structural and permeability conditions to impregnate favourable iron-rich host rocks (all of which are now known to exist) at the scale required to source a major deposit. This deeper drilling will target the discrete lineaments of enriched gold in groundwater defined by the 3D Scorpion program suggestive of possible Riedel shear structures that could provide the confluence of critical components needed to host higher-grade mineralization. By integrating 3D geochemistry with conventional project-scale geology, the results highlight how NGE is using a combination of low-cost drilling and hydrogeochemistry (groundwater chemistry) to provide an otherwise missing crosshair to focus and advance this large, blind, gold-bearing system with clear next-stage drill targets.
Breakfast with Wade Hodges and Other Upcoming Vancouver Events
NGE is pleased to invite its stakeholders to visit with its management at several upcoming events in Vancouver to discuss the results of our ongoing programs and exciting results at Kelly Creek and South Grass Valley:
Metals Investor Forum - Friday, January 19th and Saturday, January 20th
Rosewood Georgia Hotel
Presentation Time: 14:20-14:30 on Saturday, January 20, 2018
REGISTRATION REQUIRED: https://www.metalsinvestorforum.com/
Breakfast with Wade Hodges: The ABC’s of Finding Big Gold Deposits - Sunday, January 21st
2018 Vancouver Resource Investment Conference
Vancouver Convention Centre West
BREAKFAST: 7:30 to 8:30
RSVP for Breakfast to: info@nevadaexploration.com
REGISTRATION REQUIRED FOR EVENT: https://cambridgehouse.com/e/vancouver-resource-investment-conference-2018-69/register
2018 Vancouver Resource Investment Conference - Sunday, January 21st and Monday, January 22nd
Vancouver Convention Centre West
BOOTH: 719
REGISTRATION REQUIRED FOR EVENT: https://cambridgehouse.com/e/vancouver-resource-investment-conference-2018-69/register
FULL AGENDA: https://cambridgehouse.com/e/vancouver-resource-investment-conference-2018-69/agenda
About Nevada Exploration Inc.
NGE is an exploration company focused on gold in Nevada. NGE is led by an experienced management team that has been involved with the discovery of more than 30 million ounces of gold in Nevada. NGE’s team has spent the last decade integrating the use of hydrogeochemistry with conventional exploration tools to develop a Nevada-specific regional-scale geochemistry exploration program. With innovative technology, NGE has completed the world’s largest groundwater sampling program for gold exploration, collecting more than 5,500 samples to evaluate Nevada’s covered basins for new gold exploration targets. To advance follow-up targets, NGE has overcome the high drilling costs that have previously prohibited the wide-spread use of drilling as a prospecting tool by developing its Scorpion drill rig, a small-footprint, truck-mounted small-diameter RC drill rig specifically tailored to the drilling conditions in Nevada’s basins (analogous to RAB drilling in other parts of the world).
By integrating hydrogeochemistry and early-stage low-cost drilling with conventional exploration methods, NGE is generating and advancing a portfolio of gold exploration projects in Nevada. NGE and its exploration partners have now drilled more than 18,000 metres on targets defined by its exploration program, and at several projects have discovered new large hydrothermal systems, with spatial extents covering several square kilometres, defined by system-appropriate alteration in bedrock over significant drill intervals (>300 m) containing widespread low-level gold (>0.1 g/t) and supporting trace-element lithogeochemistry consistent with the geologic and geochemical footprints of Nevada’s large gold deposits. These are the types of footprints that are associated with multi-million-ounce gold deposits in Nevada, and with these results NGE believes that it has demonstrated the validity of its integrated exploration program to discover and advance new high-quality gold targets in otherwise blind settings. By overcoming the challenges and radically reducing the costs of exploring in Nevada’s covered basins, NGE is taking meaningful steps to open this important new search space up for district-scale exploration.
For further information, please contact:
Investor Relations
Nevada Exploration Inc.
Email: info@nevadaexploration.com
Tel: +1 (604) 601 2006
Website: www.nevadaexploration.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Wade A. Hodges, CEO & Director, Nevada Exploration Inc., is the Qualified Person, as defined in National Instrument 43-101, and has prepared the technical and scientific information contained in this News Release.
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws, including, without limitation, expectations, beliefs, plans, and objectives regarding projects, potential transactions, and ventures discussed in this release.
In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, the assumption the Company will continue as a going concern and will continue to be able to access the capital required to advance its projects and continue operations. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain additional financing, environmental permits, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions.
A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
0.247 X 0.2697
w/ 1K traded .
well this stock seems to hold a range right now in the 20s
NEWS 11/27/17
http://www.nevadaexploration.com/news/index.php?content_id=231
Nevada Exploration Inc. Closes $1.1M Financing
November 27, 2017
Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to announce that it has closed, subject to final TSX Venture Exchange approval, a non-brokered private placement, issuing 2,787,500 units (the “Units”) at a price of $0.40 per Unit for total gross proceeds of $1,115,000.
Each Unit consists of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of $0.65 for a period of 12 months. All securities issued are subject to a four month plus one-day hold period expiring March 28, 2018. Proceeds from the offering will be used to advance NGE’s exploration programs, as well as for general working capital.
In connection with the Offering, the Company paid finders fees totalling 133,750 Units.
About Nevada Exploration Inc.
NGE is an exploration company focused on gold in Nevada. NGE is led by an experienced management team that has been involved with the discovery of more than 30 million ounces of gold in Nevada.
NGE’s team has spent the last decade integrating the use of hydrogeochemistry (groundwater chemistry) with conventional exploration tools to develop a Nevada-specific regional-scale geochemistry exploration program. With innovative technology, NGE has completed the world’s largest groundwater sampling program for gold exploration, collecting more than 5,000 samples, to evaluate Nevada’s covered basins for new gold exploration targets. To advance follow-up targets, NGE has overcome the high drilling costs that have previously prohibited the wide-spread use of drilling as a prospecting tool by developing its Scorpion Drill Rig, Nevada’s first truck-mounted small-diameter RC drill rig specifically tailored to the drilling conditions in Nevada’s basins (analogous to RAB drilling in other parts of the world).
By integrating hydrogeochemistry and early-stage low-cost drilling with conventional exploration methods, NGE is generating and advancing a significant portfolio of gold exploration projects in Nevada. NGE and its exploration partners have now drilled more than 18,000 metres on targets defined by its exploration program, and at several projects have discovered new large hydrothermal systems, with spatial extents covering several square kilometres, defined by system-appropriate alteration in bedrock over significant drill intervals (>100 feet) containing widespread low-level gold (>100 ppb) and supporting trace-element lithogeochemistry consistent with the geologic and geochemical footprints of Nevada’s large gold deposits. These are the types of footprints that are associated with multi-million-ounce gold deposits in Nevada, and with these results NGE believes that it has demonstrated the validity of its integrated exploration program to discover and advance new high-quality gold targets in otherwise blind settings.
By overcoming the challenges and radically reducing the costs of exploring in Nevada’s covered basins, NGE is taking meaningful steps to open this important new search space up for district-scale exploration. NGE’s business model is to create shareholder value by leveraging its properties and technology through generative exploration, joint ventures, and other exploration partnerships.
For further information, please contact:
Investor Relations
Nevada Exploration Inc.
Email: info@nevadaexploration.com
Tel: +1 (604) 601 2006
Website: www.nevadaexploration.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The securities issued by NGE have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or the securities laws of any state of the United States, and may not be offered or sold in the United States absent registration, or an applicable exemption therefrom, under the 1933 Act and the securities laws of all applicable states. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, sale or solicitation would be unlawful.
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws, including, without limitation, expectations, beliefs, plans, and objectives regarding projects, potential transactions, and ventures discussed in this release.
In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, the assumption the Company will continue as a going concern and will continue to be able to access the capital required to advance its projects and continue operations. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain additional financing, environmental permits, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions.
A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
NEWS
http://www.nevadaexploration.com/news/index.php?content_id=230
Nevada Exploration Begins Drilling at South Grass Valley
October 19, 2017
Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to report that it has commenced the Scorpion drilling program at its South Grass Valley Project outlined in the Company’s news release dated September 20, 2017.
The Scorpion drilling program is designed to map and evaluate the geochemistry of the bedrock, alluvium (cover), and groundwater above a target area defined by favourable lower-plate host rocks and enriched gold in groundwater. The Company expects the program to begin with relatively wide-spaced Scorpion drill holes to depths of 150m (500ft) to build a 3D geochemistry model that will then direct tighter follow-up Scorpion drilling, with the specific objective of systematically advancing the Project for the focused application of deeper drilling.
About South Grass Valley
NGE’s 100% owned, 22.1 km2, South Grass Valley Project is located approximately 50 kilometres south-southwest of Barrick Gold Corp.’s Cortez complex, along the Eureka - Battle Mountain Gold Trend, within the specific region of north-central Nevada known for Carlin-type gold deposits (“CTGD”). NGE identified the Project based on elevated concentrations of gold (up to 80 ppt) and CTGD trace element geochemistry in groundwater as part of a basin-scale exploration program, and NGE’s follow-up work established the significant, coincident presence of hydrothermally altered and geochemically anomalous lower plate carbonate host rock. Interpretation of air magnetic and gravity geophysics projects this favourable host rock towards the target area defined by the enriched gold and supporting geochemistry in groundwater.
Kelly Creek Scorpion Drilling Results Update
The Company is still waiting for a portion of the assay results from its recently completed Scorpion drilling program at Kelly Creek. The Company drilled 59 Scorpion drill holes, totalling 5,564 metres (18,255 feet), for an average depth of 93 metres (304 feet). A total of 43 holes encountered bedrock at an average depth of 70 metres (230 feet). The Company sampled alluvium and bedrock in all holes at 1.5 metre (5 foot) intervals, as well as the groundwater, which was sampled approximately every 10 metres (30 feet). Once all assay results have been received and processed, NGE will provide a full detailed report of the results of the program. NGE expects the next stage of work at Kelly Creek will focus on deeper diamond or RC drilling to test the mineralized bedrock and structural projections confirmed by the Scorpion drilling.
Discussing the recently completed Scorpion drill program at Kelly Creek, NGE’s CEO, Wade Hodges explains: “While we are still waiting for some final results, we already know that we have successfully used our Scorpion platform to collect 3D groundwater and alluvium geochemistry samples to vector into potentially ore-grade, mineralized bedrock with similar host rock, alteration, structural, and geochemical characteristics to the orebodies associated with the nearby 8 Moz Au Marigold and 5 Moz Au Lone Tree deposits. This program has been a tremendous success in terms of focusing our efforts at Kelly Creek for the next stage of deeper drilling and solidifying our workflow as we now begin Scorpion drilling at South Grass Valley. Most certainly this represents an important milestone for our Company. We look forward to sharing a detailed technical update once we’ve received all of the assay results.”
About Nevada Exploration Inc.
NGE is an exploration company focused on gold in Nevada. NGE is led by an experienced management team that has been involved with the discovery of more than 30 million ounces of gold in Nevada. NGE’s team has spent the last decade integrating the use of hydrogeochemistry (groundwater chemistry) with conventional exploration tools to develop a Nevada-specific regional-scale geochemistry exploration program. With innovative technology, NGE has completed the world’s largest groundwater sampling program for gold exploration, collecting more than 5,000 samples to evaluate Nevada’s covered basins for new gold exploration targets. To advance follow-up targets, NGE has overcome the high drilling costs that have previously prohibited the wide-spread use of drilling as a prospecting tool by developing its Scorpion drill rig, Nevada’s first truck-mounted small-diameter RC drill rig specifically tailored to the drilling conditions in Nevada’s basins (analogous to RAB drilling in other parts of the world).
By integrating hydrogeochemistry and early-stage low-cost drilling with conventional exploration methods, NGE is generating and advancing a significant portfolio of gold exploration projects in Nevada. NGE and its exploration partners have now drilled more than 18,000 metres on targets defined by its exploration program, and at several projects have discovered new large hydrothermal systems, with spatial extents covering several square kilometres, defined by system-appropriate alteration in bedrock over significant drill intervals (>100 feet) containing widespread low-level gold (>100 ppb) and supporting trace-element lithogeochemistry consistent with the geologic and geochemical footprints of Nevada’s large gold deposits. These are the types of footprints that are associated with multi-million-ounce gold deposits in Nevada, and with these results NGE believes that it has demonstrated the validity of its integrated exploration program to discover and advance new high-quality gold targets in otherwise blind settings. By overcoming the challenges and radically reducing the costs of exploring in Nevada’s covered basins, NGE is taking meaningful steps to open this important new search space up for district-scale exploration.
For further information, please contact:
Investor Relations
Nevada Exploration Inc.
Email: info@nevadaexploration.com
Tel: +1 (604) 601 2006
Website: www.nevadaexploration.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Wade A. Hodges, CEO & Director, Nevada Exploration Inc., is the Qualified Person, as defined in National Instrument 43-101, and has prepared the technical and scientific information contained in this News Release.
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws, including, without limitation, expectations, beliefs, plans, and objectives regarding projects, potential transactions, and ventures discussed in this release.
In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, the assumption the Company will continue as a going concern and will continue to be able to access the capital required to advance its projects and continue operations. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain additional financing, environmental permits, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions.
A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
NVDEF
has climbed back out of the dip in the last 6 mos.
http://stockcharts.com/h-sc/ui?s=nvdef
NEWS 9/20/17
Nevada Exploration Receives Permit and Prepares to Begin Scorpion Drilling at South Grass Valley
September 20, 2017
Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQX: NVDEF) is pleased to report that is has received its drill permit and is preparing to mobilize its Scorpion drill rig to its 100% owned, 22.1 km2 South Grass Valley project. South Grass Valley is located approximately 50 kilometres south-southwest of Barrick Gold Corp.’s Cortez complex, along the Eureka - Battle Mountain Gold Trend, within the specific region of north-central Nevada known for Carlin-type gold deposits (“CTGD”).
NGE identified the predominantly covered South Grass Valley project based on elevated concentrations of gold (up to 80 ppt) and CTGD trace element geochemistry in groundwater, discovered as part of NGE’s basin-scale exploration program in the larger Grass Valley. NGE’s follow-up range-front geologic mapping and sampling at the project established the presence of hydrothermally altered and geochemically anomalous lower plate carbonate host rock outcropping in the exposed bedrock at the edge of the property. Interpretation of air magnetic and gravity geophysics projects this favourable host rock towards the covered target area defined by the elevated concentrations of gold and supporting geochemistry in groundwater.
NGE’s planned Scorpion drilling program at South Grass Valley is designed to map and evaluate the geochemistry of the bedrock, alluvium (cover), and groundwater above the target area defined by the projected favourable lower plate host rocks and elevated concentrations of gold and related trace elements in the groundwater. The program will begin with relatively wide-spaced drill holes (approximately 1 km apart) to tighten the sample spacing from its earlier basin-scale program to build a project-scale, 3D geochemistry model. Based on the results of the wide-spaced drill holes, NGE expects to further tighten the Scorpion drill hole spacing to systematically constrain the project area down to discrete targets for the focused application of deeper, conventional RC or diamond drilling.
Discussing the upcoming Scorpion drill program at South Grass Valley, NGE’s CEO, Wade Hodges explains: “With strong support for favourable and potentially shallow lower plate carbonate host rocks coincident with elevated gold and supporting CTGD trace elements in the groundwater, we believe that South Grass Valley represents an exciting new gold exploration project in an underexplored part of Nevada. We are 100% focused on high-value exploration, and using our low-cost Scorpion drill rig to execute a systematic and science-based early-stage drilling program allows us to be very targeted in our use of more expensive conventional drilling, which we believe improves our odds of discovery.”
NGE has now completed its final full Scorpion drill shift at its Kelly Creek Project. As disclosed in the Company’s July 21, 2017, news release, NGE is very pleased with the early results of the Scorpion drill program. Once the final assay results from the most recent Scorpion drilling at Kelly Creek have been received and processed, NGE will provide a full detailed report of the results of the program. NGE expects the next stage of work at Kelly Creek will focus on deeper diamond or RC drilling to test the mineralized bedrock and structural projections identified by the Scorpion drilling.
In preparation for moving from Kelly Creek to South Grass Valley, NGE’s Scorpion drill equipment is returning to Reno, Nevada, for general maintenance, and NGE will provide a further update once drilling commences.
Further to the company’s news release of August 17, 2017, in connection with the Offering described in the news release, the company paid additional finders fees totalling 181,650 Units, for a total of 213,367 Units, all paid to arm’s length finders.
About Nevada Exploration Inc.
NGE is an exploration company focused on gold in Nevada. NGE is led by an experienced management team that has been involved with the discovery of more than 30 million ounces of gold in Nevada.
NGE’s team has spent the last decade integrating the use of hydrogeochemistry (groundwater chemistry) with conventional exploration tools to develop a Nevada-specific regional-scale geochemistry exploration program. With innovative technology, NGE has completed the world’s largest groundwater sampling program for gold exploration, collecting more than 5,000 samples to evaluate Nevada’s covered basins for new gold exploration targets. To advance follow-up targets, NGE has overcome the high drilling costs that have previously prohibited the wide-spread use of drilling as a prospecting tool by developing its Scorpion drill rig, Nevada’s first truck-mounted small-diameter RC drill rig specifically tailored to the drilling conditions in Nevada’s basins (analogous to RAB drilling in other parts of the world).
By integrating hydrogeochemistry and early-stage low-cost drilling with conventional exploration methods, NGE is generating and advancing a significant portfolio of gold exploration projects in Nevada. NGE and its exploration partners have now drilled more than 18,000 metres on targets defined by its exploration program, and at several projects have discovered new large hydrothermal systems, with spatial extents covering several square kilometres, defined by system-appropriate alteration in bedrock over significant drill intervals (>100 feet) containing widespread low-level gold (>100 ppb) and supporting trace-element lithogeochemistry consistent with the geologic and geochemical footprints of Nevada’s large gold deposits. These are the types of footprints that are associated with multi-million-ounce gold deposits in Nevada, and with these results NGE believes that it has demonstrated the validity of its integrated exploration program to discover and advance new high-quality gold targets in otherwise blind settings.
By overcoming the challenges and radically reducing the costs of exploring in Nevada’s covered basins, NGE is taking meaningful steps to open this important new search space up for district-scale exploration. NGE’s business model is to create shareholder value by leveraging its properties and technology through generative exploration, joint ventures, and other exploration partnerships.
For further information, please contact:
Investor Relations
Nevada Exploration Inc.
Email: info@nevadaexploration.com
Tel: +1 (604) 601 2006
Website: www.nevadaexploration.com
Nevada Exploration Inc. Closes $1.1M Financing
August 17, 2017
http://www.nevadaexploration.com/news/index.php?content_id=228
Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQX: NVDEF) is pleased to announce that it has closed, subject to final TSX Venture Exchange approval, a non-brokered private placement, issuing 3,773,100 units (the “Units”) at a price of $0.30 per Unit for total gross proceeds of $1,131,930.
Each Unit consists of one common share and one-half of one non-transferable common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at an exercise price of $0.60 for a period of 18 months. All securities issued are subject to a four month plus one-day hold period expiring December 17, 2017.
Proceeds from the offering will be used to continue NGE’s Scorpion drilling programs at its projects, as well as for general working capital.
In connection with the Offering, the Company paid finders fees totalling 31,717 Units.
About Nevada Exploration Inc.
NGE is an exploration company focused on gold in Nevada. NGE is led by an experienced management team that has been involved with the discovery of more than 30 million ounces of gold in Nevada.
NGE’s team has spent the last decade integrating the use of hydrogeochemistry (groundwater chemistry) with conventional exploration tools to develop a Nevada-specific regional-scale geochemistry exploration program. With innovative technology, NGE has completed the world’s largest groundwater sampling program for gold exploration, collecting more than 5,000 samples, to evaluate Nevada’s covered basins for new gold exploration targets. To advance follow-up targets, NGE has overcome the high drilling costs that have previously prohibited the wide-spread use of drilling as a prospecting tool by developing its Scorpion Drill Rig, Nevada’s first truck-mounted small-diameter RC drill rig specifically tailored to the drilling conditions in Nevada’s basins (analogous to RAB drilling in other parts of the world).
By integrating hydrogeochemistry and early-stage low-cost drilling with conventional exploration methods, NGE is generating and advancing a significant portfolio of gold exploration projects in Nevada. NGE and its exploration partners have now drilled more than 18,000 metres on targets defined by its exploration program, and at several projects have discovered new large hydrothermal systems, with spatial extents covering several square kilometres, defined by system-appropriate alteration in bedrock over significant drill intervals (>100 feet) containing widespread low-level gold (>100 ppb) and supporting trace-element lithogeochemistry consistent with the geologic and geochemical footprints of Nevada’s large gold deposits. These are the types of footprints that are associated with multi-million-ounce gold deposits in Nevada, and with these results NGE believes that it has demonstrated the validity of its integrated exploration program to discover and advance new high-quality gold targets in otherwise blind settings.
By overcoming the challenges and radically reducing the costs of exploring in Nevada’s covered basins, NGE is taking meaningful steps to open this important new search space up for district-scale exploration. NGE’s business model is to create shareholder value by leveraging its properties and technology through generative exploration, joint ventures, and other exploration partnerships.
For further information, please contact:
Investor Relations
Nevada Exploration Inc.
Email: info@nevadaexploration.com
Tel: +1 (604) 601 2006
Website: www.nevadaexploration.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The securities issued by NGE have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or the securities laws of any state of the United States, and may not be offered or sold in the United States absent registration, or an applicable exemption therefrom, under the 1933 Act and the securities laws of all applicable states. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, sale or solicitation would be unlawful.
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws, including, without limitation, expectations, beliefs, plans, and objectives regarding projects, potential transactions, and ventures discussed in this release.
In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, the assumption the Company will continue as a going concern and will continue to be able to access the capital required to advance its projects and continue operations. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain additional financing, environmental permits, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions.
A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Re: Missing Ground Water Results.
This is certainly a good question. They have always released the results in the past.
One random thought is that previous water samples clearly identified 4 distinct anomalies with significant gold present. I can't imagine that the previous gold results would simply disappear. I'm not really worried that there will be a no-gold finding in the water samples.
Perhaps this is the first time that they are trying to figure out a 3D water sample. They may not understand the results and don't know how to present it in a coherent fashion. They say that they are learning, and I think that part is true.
Another thought, mentioned by Realty101, is that they have gone radio silent because they are in negotiations with Newmont. If that is what they are doing, then I certainly applaud that.
I am just guessing. I don't know. Although the thought that Dennis Higgs is wrangling the best deal he can out of Newmont makes me happier than the thought of Wade Hodges sitting in front of a computer with a tangle of numbers he can't figure out and saying to himself "what the hell does all of this mean?"
I have just one questions for all of the readers here? Why hasn't the company released the ground water sample results? It appears from their last news release that they have them. Everything this company is about is based on the ground water results because that is what gives them the edge. Please don't say that the company that they use to extract the results has equipment that is damaged. That isn't an acceptable answer. Are they in discussions with Newmont for a buyout of the property? Are the results terrible? The last news release basically said that we are homing in on a Tier 1 discovery, but we aren't going to tell you anything about our data yet, so just trust us. They also mentioned that they are learning a lot from their drill hole separation placements and ability to home in on the mineralization. I really don't like to hear that you don't have any results to share, but you are learning a lot. Most of the time that means I didn't find anything, but learned a lot from the experience to apply to our next exploration site. Thoughts from anyone?
Nevada Exploration Connects Groundwater Plumes to Bedrock Gold Mineralization at Kelly Creek
http://www.nevadaexploration.com/news/index.php?content_id=227
July 21, 2017
Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQX: NVDEF) is pleased to report that the Scorpion sampling program at the Kelly Creek project is encountering significant enriched gold at the bedrock-alluvium contact. The results of the Scorpion sampling program have established that the elevated gold and gold-associated trace-element geochemistry at Kelly Creek is consistent with the size and characteristics of the hydrothermal system associated with the nearby Marigold and Lone Tree gold deposits.
NGE’s Scorpion drill rig was custom-designed to provide low-cost, early-stage drilling for the purpose of collecting groundwater, alluvium, and bedrock geochemistry samples at NGE’s gold projects in Nevada’s highly-prospective and under-explored covered basins. Based on the results of the Scorpion sampling program at Kelly Creek, NGE is successfully using its Scorpion drill rig to vector in to bedrock-hosted mineralization that can now be followed with conventional exploration methods.
NGE has completed 53 Scorpion drill holes at Kelly Creek, totaling approximately 4,560 m (15,000 ft). The drill holes ranged in depth from 23 - 146 m (75 - 480 ft); and 38 of the 53 drill holes intersected bedrock. In addition to sampling alluvium and bedrock at 1.5 m (5 ft) intervals, NGE collected approximately 490 groundwater samples, generally at 9 m (30 ft) down-hole intervals. The Scorpion holes were focused along four fences across NGE’s primary targets defined by earlier, wider-spaced groundwater sampling on a regional structure known to control mineralization at the Marigold gold mine, as well as along four additional fences across parallel target areas. Hole spacing varied from 50 - 400 m (160 – 1,312 ft) along the fences, which were spaced between 150 - 1,000 m (490 - 3,280 ft) apart.
The results of Scorpion sampling at Kelly Creek confirm that the enriched gold in groundwater seen in earlier programs is now supported by elevated gold and related geochemistry in both alluvium and bedrock at depth, as well as increasing concentrations of gold in groundwater at depth. Together, the groundwater results define a hydrogeochemical plume of elevated gold and related elements measuring 2.2 km (1.4 mi) in strike length and 1.6 km (1 mi) in width, beneath 45 - 245 m (150 - 800 ft) of alluvial cover, which has now been closed off in one direction. The bedrock and alluvium sampling results within the hydrogeochemical plume have defined areas of significant enrichment of gold and related trace elements, including most significantly one drill hole containing 11 m (35 ft) averaging 0.095 ppm Au at the bedrock-alluvium contact from 111 - 120 m (365 - 400 ft), which included two 3 m (10 ft) intervals averaging 0.149 ppm Au and 0.120 ppm Au respectively, as well as shorter intervals at the bedrock-alluvium contact containing from 0.100 ppm Au to 0.153 ppm Au in six other drill holes.
By establishing the presence of bedrock-hosted material containing potentially ore-grade gold values with similar host rock, alteration, structural and geochemical characteristics to the orebodies associated with the Marigold (>8 Moz Au) and Lone Tree (>5 Moz Au) gold deposits, NGE believes the Scorpion sampling results confirm that the hydrothermal system that generated both deposits was also active in the Kelly Creek project area, which is now under cover. Most importantly, based on the results of groundwater, alluvium, and bedrock sampling, NGE believes that the geochemical footprint at Kelly Creek is consistent in terms of size to suggest that the hydrothermal system was active at a similar scale as at Marigold and Lone Tree, and potentially associated with a similar volume of mineralized material.
Discussing the results, NGE’s CEO, Wade Hodges explains: “This is the next important milestone for NGE. We’ve followed up on the targets identified by our shallower groundwater sampling with deeper sampling using our new Scorpion drill rig, and we are successfully vectoring in to a mineralized system that has the scale to be associated with a Tier 1 gold deposit. Our process is working, and we are now well positioned to proceed with conventional step-out drilling to follow the mineralization at the bedrock-alluvium contact, which remains open in several directions including at depth, as well as to continue the broader program to the north. We are pioneering the use of low-cost drilling to systematically model 3D groundwater and alluvium geochemistry to explore in covered settings. By deliberately varying our drill hole spacing, we are establishing the appropriate sampling density to provide the up-until-now missing scale of information to transition from regional-scale exploration to project-scale drilling based on the distribution of gold and related elements in each sampling medium. With this knowledge, we are improving our workflow to most effectively deploy our Scorpion drill rig, and we look forward to leveraging this experience as we continue to drill at Kelly Creek and our other Nevada projects.”
About Nevada Exploration Inc.
NGE is an exploration company focused on gold in Nevada. NGE is led by an experienced management team that has been involved with the discovery of more than 30 million ounces of gold in Nevada.
NGE’s team has spent the last decade integrating the use of hydrogeochemistry (groundwater chemistry) with conventional exploration tools to develop a Nevada-specific regional-scale geochemistry exploration program. With innovative technology, NGE has completed the world’s largest groundwater sampling program for gold exploration, collecting more than 5,000 samples, to evaluate Nevada’s covered basins for new gold exploration targets. To advance follow-up targets, NGE has overcome the high drilling costs that have previously prohibited the wide-spread use of drilling as a prospecting tool by developing its Scorpion Drill Rig, Nevada’s first truck-mounted small-diameter RC drill rig specifically tailored to the drilling conditions in Nevada’s basins (analogous to RAB drilling in other parts of the world).
By integrating hydrogeochemistry and early-stage low-cost drilling with conventional exploration methods, NGE is generating and advancing a significant portfolio of gold exploration projects in Nevada. NGE and its exploration partners have now drilled more than 18,000 metres on targets defined by its exploration program, and at several projects have discovered new large hydrothermal systems, with spatial extents covering several square kilometres, defined by system-appropriate alteration in bedrock over significant drill intervals (>100 feet) containing widespread low-level gold (>100 ppb) and supporting trace-element lithogeochemistry consistent with the geologic and geochemical footprints of Nevada’s large gold deposits. These are the types of footprints that are associated with multi-million-ounce gold deposits in Nevada, and with these results NGE believes that it has demonstrated the validity of its integrated exploration program to discover and advance new high-quality gold targets in otherwise blind settings.
By overcoming the challenges and radically reducing the costs of exploring in Nevada’s covered basins, NGE is taking meaningful steps to open this important new search space up for district-scale exploration. NGE’s business model is to create shareholder value by leveraging its properties and technology through generative exploration, joint ventures, and other exploration partnerships.
For further information, please contact:
Investor Relations
Nevada Exploration Inc.
Email: info@nevadaexploration.com
Tel: +1 (604) 601 2006
Website: www.nevadaexploration.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Wade A. Hodges, CEO & Director, Nevada Exploration Inc., is the Qualified Person, as defined in National Instrument 43-101, and has prepared the technical and scientific information contained in this News Release.
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws, including, without limitation, expectations, beliefs, plans, and objectives regarding projects, potential transactions, and ventures discussed in this release.
In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, the assumption the Company will continue as a going concern and will continue to be able to access the capital required to advance its projects and continue operations. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain additional financing, environmental permits, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions.
A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
good post MrHotpot
I moderate here voluntarily
so it's always a pleasure when other traders contribute
to this board .
Where is Nevada Exploration at now?
I am a long-term investor and I am very optimistic about Nevada Exploration. With that said, investors need to know where this company is at, and where it is coming from.
The best source of information I have found is John Kaiser online. Mr. Kaiser is also an investor. Many of my comments incorporate Mr. Kaiser’s perspective, although I will not quote him directly as his material is subject to copyright.
Nevada Exploration has gone ten years without successfully identifying a mineral anomaly that wasn’t previously identified by another source. Kaiser says that the real test is whether they can use their water tracing technology to find gold in a place that no one else thought to look. Once they have proven the concept, everyone will jump on board.
According to Kaiser, the company has identified a couple dozen anomaly sites. Only five of those properties have been staked. If they can prove the concept and get funding, they could quickly and easily stake out those properties as well. That is the huge upside to this company. They also have not fully explored northern Nevada, and there are more potential sites to be explored.
The downside to the company is that their water sampling technology gets them into the area of an anomaly, but it has not gotten them close enough to specifically identify it for drilling. They have had two notable failures. In 2009, in a joint venture with Enexco, drilling was initiated on HotPot. Before the drilling was completed, Enexco withdrew from the agreement and all interest reverted to Nevada Exploration. In 2013 McEwen entered into a joint venture to drill Grass Valley. One hole was drilled. No gold was found. McEwen withdrew, and Grass Valley reverted to the company. Kaiser refers to this as a failed sniper shot.
The company says that the technology has proven 94% accurate in predicting known deposits, such as Lone Tree. The problem is that the water hydrology technology gets you in the general area, but not close enough to find the particular target to drill. The other problem is that conventional drilling is very, very expensive, which is why Exneco and McEwen gave up so quickly. For example, in their February 6, 2017 news release, they say that at Lone Tree Newmont drilled 80 holes to identify the target. Many of them showed no gold. Water sampling at Lone Tree showed that there was significant gold, and one of the drill holes was even right next to the water sample site, and showed no gold. So that is the problem that this company has had. It can accurately identify ore bodies, but they haven’t been able to pin them down enough to affordably drill.
In 2015, Kaiser describes a successful zombie rescue mission for the company. There was a 10 to 1 reverse stock split. New investors were brought in. And, most significantly, a new strategy was tried. The company purchased its own small diameter reverse circulation drill rig, the Scorpion rig. This will allow them to take water samples in 3D, to hopefully narrow down the targets more. Second, it will allow them to drill 6 to 10 meters into bedrock, allowing them to better assess the situation.
They are currently working on identifying 4 anomalies in Kelly Creek. The Scorpion rig has drilled 48 holes, according to Kaiser. We are all just waiting for the results.
Where do we go from here? If they can identify one or more anomalies with the Scorpion, Kaiser thinks that Newmont mining will negotiate to buy out the Kelly Creek project, which abuts property owned by Newmont. If this happens, Nevada Exploration will have the funds to pursue its other projects more aggressively. Kaiser doesn’t think that Newmont will buy the whole company, because they would have to compensate for the two dozen sites that Nevada Exploration has identified, and that would be too expensive.
The current frustration is that the lab who analyzes the water samples had a break down, and this is causing a delay in the results. This is a temporary setback.
After 10 years, this could be a very, very big year for Nevada Exploration. IF, and only if, they can prove their water hydrology technology and they can successfully narrow down a drilling target. I am personally optimistic, however, no one knows at this point. Again, I am personally long this company, but I am speculating like everyone else.
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.
NVDEF DD :
For those new to this board .......
http://www.nevadaexploration.com/corporate/strategy/
Nevada Exploration Inc.’s (“NGE”) business is gold exploration in Nevada.
Traditional exploration methodologies work well where bedrock is exposed, but are challenged where bedrock is covered. Approximately half of Nevada’s bedrock is exposed, and much gold has been discovered there. There is likely an equivalent amount of gold remaining to be found in Nevada’s covered half, but new exploration technology is needed to find it.
NGE has developed innovative proprietary exploration technology to test directly for gold in covered bedrock environments using a sampling medium that to date has largely been ignored: groundwater. When groundwater flows near a concealed, covered gold deposit, it retains a unique kind of chemical “memory” or “scent” of the encounter. NGE uses its proprietary technology to identify the unique groundwater chemistry scent associated with gold mineralization and to follow it back up-stream to search for its potentially gold-bearing bedrock source.
Groundwater chemistry is an important emerging exploration technology. When used alone in covered bedrock settings, conventional exploration technologies are risky. Groundwater chemistry exploration technology reduces exploration risk by focusing conventional exploration on areas most likely to contain large, near-surface, oxidized gold deposits. NGE is the first to apply modern groundwater chemistry exploration technology in Nevada and is currently advancing a portfolio of properties exhibiting groundwater chemistry similar to that found at Nevada’s major gold mines.
Once NGE has used groundwater chemistry to identify exploration targets, the Company then applies a staged exploration program to delineate and test prospective drill targets. NGE’s risk managed exploration program is designed to test targets quickly. Properties that show promise are advanced, properties that don’t are dropped. Once NGE has demonstrated that a property exhibits gold mineralization, NGE works to partner with well funded and technically competent groups to move the property through the later stages of development.
NEWS 4/20/17
Nevada Exploration Inc. Completes First 2,600 Metres of Scorpion Drilling at its Kelly Creek Project
http://www.nevadaexploration.com/news/index.php?content_id=226
April 20, 2017
Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQX: NVDEF) is very pleased to announce that it has completed 36 Scorpion drill holes totalling more than 2,600 metres (8,600 feet) at its Kelly Creek Project located along the Battle Mountain-Eureka Trend in north-central Nevada, and that the preliminary results indicate that vectoring using gold and related geochemistry in the groundwater at the Project is leading to increasing gold and related geochemistry in the bedrock and alluvium.
Further to the Company’s news release dated February 6, 2017, NGE is using its Scorpion Drill Rig to evaluate several mineralized, structurally controlled, shallow bedrock targets extending north under cover from Silver Standard’s Marigold Mine. The objective of this stage of NGE’s exploration program is to map the gold and related geochemistry found in the bedrock, alluvial cover, and groundwater at these targets, and to vector towards one or more mineralized footprints large enough to be associated with a major gold deposit.
With its Scorpion Drill Rig, NGE is focusing on completing fences of holes across its main targets at the Project to sample the bedrock, alluvial cover, and groundwater. NGE has now completed fences across the first two targets and a portion of a third. The locations of these Scorpion drill holes are shown on the attached map. The Scorpion drill holes range in depth from 23 to 120 metres (75 to 400 feet), with an average depth of 73 metres (240 feet).
Nevada Exploration Inc Kelly Creek Project
While NGE is waiting for assays from a majority of the drill holes, the initial results show significant and increasing concentrations of gold and related trace-elements in the bedrock (up to 0.15 ppm Au), in the alluvial cover above the bedrock (up to 0.10 ppm Au), and in the groundwater (up to 890 ppt Au). Also of significance, the drilling continues to define areas of very shallow bedrock, as shallow as 20 metres (70 feet), which is considerably shallower than previously believed. NGE expects to provide a detailed update with full results once it has completed the next drill shift, scheduled to end in early May, and received all assays.
Discussing the results, NGE’s CEO, Wade Hodges: “We’re very excited to share the news that the early results of our Scorpion drilling program at Kelly Creek confirm that we are focusing in on a number of shallow bedrock targets by following increasing concentrations of gold in all three of: the bedrock, the alluvial cover, and the groundwater. This is exactly what we designed this phase of the program to accomplish. We are exploring in the middle of the Kelly Creek Basin, one of the most mineralized valleys in the heart of the world’s highest gold producing jurisdiction by area. With our comprehensive and systematic under-cover toolbox, which includes our Scorpion Drill Rig, we are vectoring into the caliber of high-quality exploration targets that the industry is in desperate need of, and doing so more than 5 kilometres (3 miles) from the nearest outcrop. Our ongoing work at Kelly Creek provides a terrific example of the power of our integrated exploration program to lead the industry to open up the under-cover search space in Nevada.”
Additionally, based on the positive results of the Scorpion drilling program at the Kelly Creek Project, the Company is also pleased to report that it has increased its land holdings at the Project by adding an additional approximately 5 km2 (2 mi2) of private land to its Hot Pot Lease Agreement. With this additional land, NGE now controls a combined total of 42 km2 (16 mi2) of both private and BLM mineral rights in the Kelly Creek Basin.
About the Kelly Creek Project
The Kelly Creek Basin is located along the Battle Mountain-Eureka Trend, and is bounded by multi-million-ounce gold deposits to the north (Twin Creeks, Getchell, Turquoise Ridge, and Pinson) and south (Lone Tree, Marigold, Trenton Canyon, Converse, Buffalo Valley, Copper Basin, and Phoenix) - together representing more than 70 million ounces of gold along the periphery of the Basin. Despite its close proximity to dense, world-class mineralization, the interior of the Kelly Creek Basin has seen limited systematic exploration activity to date because its bedrock is largely hidden by sand and gravel cover.
NGE has integrated the use of its proprietary hydrogeochemistry technology with conventional exploration methods to evaluate the larger Kelly Creek Basin, and has acquired 42 km2 (16 mi2) of mineral rights covering what NGE considers to be a highly prospective area in the middle of the Basin along a portion of a structurally-controlled, shallow, covered bedrock high coincident with highly anomalous gold and associated trace-element chemistry in groundwater.
NGE has advanced the Project by completing detailed groundwater sampling, seismic geophysics, gravity geophysics, conventional orientation drilling, and now Scorpion drilling. NGE believes that the results to date at Kelly Creek have focused the area down to several mineralized deposit-footprint-sized target areas, each similar in scale and ore-controlling features to the nearby Lone Tree and Marigold deposits, within a larger gold-bearing hydrothermal system along a series of steeply dipping fault zones containing several horst and graben features identified by clear geologic offsets.
NGE is now evaluating these target areas using its Scorpion Drill Rig with the specific objective of collecting samples of the bedrock, alluvium, and groundwater to vector towards mineralized footprints large enough to be associated with a major gold deposit, which will then be advanced with deeper conventional drilling.
About Nevada Exploration Inc.
NGE is an exploration company focused on gold in Nevada. NGE is led by an experienced management team that has been involved with the discovery of more than 30 million ounces of gold in Nevada.
NGE’s team has spent the last decade integrating the use of hydrogeochemistry (groundwater chemistry) with conventional exploration tools to develop a Nevada-specific regional-scale geochemistry exploration program. With innovative technology, NGE has completed the world’s largest groundwater sampling program for gold exploration, collecting more than 5,000 samples, to evaluate Nevada’s covered basins for new gold exploration targets. To advance follow-up targets, NGE has overcome the high drilling costs that have previously prohibited the wide-spread use of drilling as a prospecting tool by developing its Scorpion Drill Rig, Nevada’s first truck-mounted small-diameter RC drill rig specifically tailored to the drilling conditions in Nevada’s basins (analogous to RAB drilling in other parts of the world).
By integrating hydrogeochemistry and early-stage low-cost drilling with conventional exploration methods, NGE is generating and advancing a significant portfolio of gold exploration projects in Nevada. NGE and its exploration partners have now drilled more than 18,000 metres on targets defined by its exploration program, and at several projects have discovered new large hydrothermal systems, with spatial extents covering several square kilometres, defined by system-appropriate alteration in bedrock over significant drill intervals (>100 feet) containing widespread low-level gold (>100 ppb) and supporting trace-element lithogeochemistry consistent with the geologic and geochemical footprints of Nevada’s large gold deposits. These are the types of footprints that are associated with multi-million-ounce gold deposits in Nevada, and with these results NGE believes that it has demonstrated the validity of its integrated exploration program to discover and advance new high-quality gold targets in otherwise blind settings.
By overcoming the challenges and radically reducing the costs of exploring in Nevada’s covered basins, NGE is taking meaningful steps to open this important new search space up for district-scale exploration. NGE’s business model is to create shareholder value by leveraging its properties and technology through generative exploration, joint ventures, and other exploration partnerships.
For further information, please contact:
Investor Relations
Nevada Exploration Inc.
Email: info@nevadaexploration.com
Tel: +1 (604) 601 2006
Website: www.nevadaexploration.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Wade A. Hodges, CEO & Director, Nevada Exploration Inc., is the Qualified Person, as defined in National Instrument 43-101, and has prepared the technical and scientific information contained in this News Release.
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws, including, without limitation, expectations, beliefs, plans, and objectives regarding projects, potential transactions, and ventures discussed in this release.
In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, the assumption the Company will continue as a going concern and will continue to be able to access the capital required to advance its projects and continue operations. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain additional financing, environmental permits, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions.
A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Closed @.3144 Good Friday-Easter week
Time frame
questions:
Info@NevadaExploration.com
I'm an investor. I did my due diligence first. I am very impressed with the concept and the people. The potential is truly amazing.
At some point though, they have to have proof of concept. As an investor, I wish they would give some sort of plan going forward. The land is locked up already. Are they going to drill for water tests for another 10 years? Or, are they going to move forward on the best location and do the drilling necessary in the next 6 months, year, or more?
As a humble stock holder, in my opinion, it's time the prove the concept.
Dennis Higgs, Chairman of the Board of Directors, interview:
Check out this interview with Wade Hodges:
***NVDEF NEWS***
Nevada Exploration Inc. Completes 11 Scorpion Drill Holes to Bedrock at Kelly Creek Basin and Intersects Gold up to 0.15g/t at the Alluvium-Bedrock Interface
February 6, 2017
Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQX: NVDEF) is pleased to announce that it has received assay results for the first eleven drill holes of its current drilling program at NGE’s Kelly Creek Basin Project using its newly-commissioned Scorpion Drill Rig (see news release dated October 31, 2016). NGE is very pleased to report that the drilling has encountered mineralized bedrock much shallower than previously indicated at an average depth of 67 metres (220 feet) at six separate locations over a 10km2 (4mi2) area, and that the alluvium on the bedrock contact contains elevated gold of up to 0.15g/t coincident with elevated gold in groundwater along the bedrock contact of up to 890ppt. NGE is also pleased to report that it has reduced its all-in drilling costs (including geology and analytical) with its Scorpion Drill Rig down to approximately $125US/metre ($38US/foot), which represents a 60% reduction in NGE’s drilling costs for shallow, early-stage drill holes, and that NGE expects these costs to continue to fall towards its goal of $82US/metre ($25US/foot).
With the Scorpion Drilling results, along with NGE’s earlier work, NGE has defined four mineralized targets at Kelly Creek. NGE is now drilling a cross section of approximately 10 drill holes across the first target, which is associated with a high-angle fault zone, similar in size and orientation to Newmont’s nearby Lone Tree Mine (+5Moz), delineated by hydrogeochemistry and by gravity and seismic geophysics, and confirmed by earlier orientation drilling. NGE plans to continue its Scorpion Drilling program at Kelly Creek to complete similar cross sections at the three additional targets.
Wade Hodges, NGE’s CEO explains: “These early results at Kelly Creek demonstrate the validity of our systematic and integrated exploration program. We are pairing good geology and conventional tools with new exploration targeting and drilling technology to lead the industry in under-cover exploration in Nevada. Major covered gold deposits are often associated with larger footprints of transported mineralization at the alluvium/bedrock contact in the immediately overlying alluvium, bedrock, and groundwater. We are using our Scorpion Drill Rig at Kelly Creek to collect drill samples of the alluvium and bedrock, as well as 3D groundwater samples, to reduce the search area and vector towards mineralization. We are presently focused on constraining the first of perhaps four mineralized footprints similar in size and orientation to Newmont’s nearby Lone Tree Mine by following a trail of increasing gold and supporting trace-element geochemistry along the bedrock contact. By dramatically lowering the costs of early-stage drilling, we are significantly increasing our data density, allowing us to open up this new, otherwise blind and covered search space in a basin surrounded by more than 70Moz of gold. This is a game changer for Nevada.”
About Kelly Creek Basin
The Kelly Creek Basin is located along the Battle Mountain – Eureka Gold Trend, and is bounded by multi-million-ounce gold deposits to the north (Twin Creeks, Getchell, Turquoise Ridge, and Pinson) and south (Lone Tree, Marigold, Trenton Canyon, Converse, Buffalo Valley, Copper Basin, and Phoenix) - together representing more than 70 million ounces of gold along the periphery of the Basin. Despite its close proximity to dense, world-class mineralization, the interior of the Kelly Creek Basin has seen limited systematic exploration activity to date because its bedrock is largely hidden by sand and gravel cover.
After his involvement in the discovery phase of the +5Moz Lone Tree gold deposit on the edge of the Kelly Creek Basin for Santa Fe Pacific Gold (now Newmont), which required approximately 80 conventional drill holes before intersecting any significant gold mineralization, Wade Hodges, NGE’s CEO, closely followed the work of David Grimes of the US Geological Survey who demonstrated that collecting and analyzing groundwater samples in and around the Lone Tree deposit could have significantly reduced the drilling required to vector to the discovery drill hole. Mr. Grimes noted that one of the earlier drill holes located adjacent to the major ore-controlling structural zone failed to encounter any significant gold mineralization in bedrock, but that by analyzing the groundwater Mr. Grimes demonstrated that the groundwater in this location proximal to the deposit contained highly anomalous gold concentrations greater than 2,000ppt, which would have provided strong indications that the drill hole was potentially close to a mineralized source, warranting additional in-fill drilling in this area and possibly saving Santa Fe Pacific considerable time and expense drilling elsewhere on the Project.
Building on these observations, NGE has integrated the use of its proprietary hydrogeochemistry technology with conventional exploration methods to evaluate the larger Kelly Creek Basin, and has acquired 40.49 km2 (15.63 mi2) of mineral rights covering what NGE considers to be a highly prospective target area in the middle of the Basin along a portion of a structurally-controlled, shallow, covered bedrock high coincident with highly anomalous gold (up to >5,000ppt) and associated trace-element chemistry in groundwater.
NGE has advanced the Project by completing detailed groundwater sampling, seismic geophysics, gravity geophysics, and orientation drilling. NGE believes that the results to date at Kelly Creek have focused the area down to four mineralized deposit-footprint sized targets, each similar in scale and ore-controlling features to the nearby Lone Tree and Marigold deposits, within a larger gold-bearing hydrothermal system along a series of steeply dipping fault zones containing several horst and graben features defined by clear geologic offsets.
About Nevada Exploration Inc.
NGE is an exploration company focused on gold in Nevada. NGE is led by an experienced management team that has been involved with the discovery of more than 30 million ounces of gold in Nevada.
NGE has developed proprietary hydrogeochemistry (groundwater chemistry) exploration technology to explore for gold in Nevada’s covered basins where traditional exploration techniques are challenged. NGE is aggressively applying this latest technology in covered deposit exploration to identify, acquire, and advance new exploration properties in Nevada’s highly prospective yet underexplored covered basins.
Using its industry-leading exploration technology, NGE has assembled a portfolio of new gold projects, and has established itself as a major player in this world-class jurisdiction. NGE’s business model is to leverage its properties and technology to create shareholder value through generative exploration and development.
For further information, please contact:
Investor Relations
Nevada Exploration Inc.
Email: info@nevadaexploration.com
Tel: +1 (604) 601 2006
Website: www.nevadaexploration.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Wade A. Hodges, CEO & Director, Nevada Exploration Inc., is the Qualified Person, as defined in National Instrument 43-101, and has prepared the technical and scientific information contained in this News Release.
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws, including, without limitation, expectations, beliefs, plans, and objectives regarding projects, potential transactions, and ventures discussed in this release.
In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, the assumption the Company will continue as a going concern and will continue to be able to access the capital required to advance its projects and continue operations. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain additional financing, environmental permits, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions.
A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
0.262 X 0.283
daily chart:
http://stockcharts.com/h-sc/ui?s=nvdef
Re: Gold & Gold Stocks
https://thedailygold.com/weaker-us-could-send-gold-gold-stocks-to-higher-targets/#
Weaker US$ Could Send Gold & Gold Stocks to Higher Targets
02/02/2017 | Jordan Roy-Byrne
"Gold has underperformed both in nominal and real terms. Last week it formed a bearish reversal in nominal terms and against foreign currencies. However, the good news for bulls is the US Dollar Index lost support at 100, due to the Trump administration’s tough talk against Germany (and the Euro). Couple that with no movement from the Fed and the greenback should continue its decline, thereby juicing the current rebound in Gold and especially gold stocks".
"The miners continue to lead as they are on the cusp of higher highs in this recovery while Gold is further away from breaking its resistance at $1220. As we noted in our last missive, a pullback from resistance (the upside targets) is likely. The question though is will the pullback be something bullish or will it evolve into a multi-month correction? We have accumulated a number of juniors gradually but are maintaining some cash in advance of the next correction".
Gold price forecast
Factors to watch in 2017 .
http://news.gold-eagle.com/article/gold-price-forecast-factors-watch-2017/475
Followers
|
9
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
136
|
Created
|
10/27/15
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |