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Nevada Exploration Mobilizes Drill to South Grass Valley

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centsability4me Member Level  Monday, 10/01/18 05:51:11 AM
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Nevada Exploration Mobilizes Drill to South Grass Valley Project, Battle Mountain-Eureka Trend, Nevada
https://www.nevadaexploration.com/news/2018/nevada-exploration-mobilizes-drill-to-south-grass-valley-project-battle-mountain-eureka-trend-nevada
September 24, 2018

Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to announce that it has mobilized a core drill rig to begin drilling at its South Grass Valley Project, located in Grass Valley, the covered basin immediately south of the Cortez district, which currently produces approximately one million ounces per year. NGE plans to provide a Project update and guidance on both the objectives and expected scope of the drilling program once the Company has incorporated some additional new geophysical data and interpretations into the Project’s geologic model, which are in progress and expected shortly.

The Company also announces that pursuant to its stock option plan, NGE has granted incentive stock options to acquire a total of 2,080,000 common shares of the Company to employees, officers, and directors, exercisable for a period of ten years from the date of grant at the exercise price of $0.26 per share, subject to vesting requirements.

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