Vancouver, British Columbia – NV Gold Corporation (TSX-V: NVX) (the “Company”) announced today that it has filed at www.sedar.com a National Instrument 43-101 compliant technical report on the Surselva Project prepared by Mine Development Associates.The Company owns a 100% interest in the Project under a five-year exploration permit for gold and precious metals covering an area of approximately 224 square kilometers within the Communes of Medel/Lucmagn, Disentis/Mustér and Sumvitg in Canton Graubunden, southeastern Switzerland. This Report provides more detail on the technical information in respect of the Surselva Project that was described in the Company’s news release of October 27, 2014.
The Surselva Project has been in the Company’s crosshairs for several years. The Company performed an initial surface reconnaissance program in 2011, with very positive results. Surface rock samples yielded values as high as 17.4 grams per tonne. The Surselva Project has a long history of small-scale placer gold production, dating back over 1,000 years, continuing to the present. Although no hard rock production has been recorded to date, surface expressions of gold mineralization are visible over nearly 15 kilometers of strike length. Nineteen DDH holes were completed between 1985 and 1991, many with encouraging intercepts of gold mineralization over considerable widths. NV Gold, through its wholly-owned subsidiary SwissGold Exploration AG, plans additional surface exploration in 2015, with the possibility of an initial drill program in the latter part of the season.
On behalf of the Board of Directors.
(sgd.) “John E. Watson”
President and CEO
For further information, visit the Company’s website at www.nvgoldcorp.com or contact:
John E. Watson,
or in Switzerland:
Managing Director, SwissGold Exploration AG
Phone: +41 79 657 41 81
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the resumption of exploration work, the acceptance of a posible mining industry in the área, the geological potential of the properties, and other future plans and objectives of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include availability of capital and financing, regulatory issues, market prices, general economic, market or business conditions, timeliness of government or regulatory approvals and other risks detailed from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.