• TSX.V:NVX $0.06
  • US:NVGLF $0.05
  • FRA:8NV €0.04

Discovery Bay Project

Overview

The 100%-Company-owned project comprising 119 unpatented lode mining claims is located 46.6 kilometers (28.9 miles) south of Battle Mountain and approximately 14 km (9 miles) southeast of I-80’s McCoy-Cove gold property in Lander County, Nevada (see Figures 1 to 3).

The Project area lines up perfectly with a North-South-striking Structural Corridor, which is known to host mega-sized gold deposits, that stretch from Turquoise Ridge (Twin Creeks) to the Phoenix and Lone Tree gold mines, down to I-80’s McCoy-Cove gold deposits and NV Gold’s nearby Discovery Bay project (see Figure 1). Most of the Property’s surface is covered by younger volcanic rocks and gravel (see Figure 2), but an almost unexplored window of Triassic Osobb Mountain Quartzite and Cane Springs Limestone, host lithologies at McCoy, are exposed in the northern part of the Property (see Figure 5). NV Gold completed 2 RC (“reverse circulation”) holes totaling 719.3 meters (2,360 feet) in early-2022, due to unforeseeable drilling problems, the Company had to abandon the drilling program. However, even so with a shortened drilling program, the Company successfully managed to discover an extensive zone of alteration. The two, “1-kilometer-spaced” RC holes encountered 100’s of feet of intensely sulfide-bearing intrusive rock down to the end of each hole (see Figures 3 & 4). This pervasive sulfide zone is interpreted to be capping and being part of a deeper-seated McCoy-Cove/Carlin-type gold system! NV Gold’s near-future goal is to drill through the sulfide cap to test underlying Paleozoic host lithologies for high-grade gold mineralization in Q2 or Q3 of 2023, depending on funds and drill equipment availability.

Figure 1: Turquoise Ridge-Battle Mountain-McCoy Cove Structural Trend with Discovery Bay Gravity High.

Figure 2: Discovery Bay gravel cover and drill site of TOF-1 (looking southeast).

Figure 3: Discovery Bay in correlation to McCoy-Cove District and a close look on intensely silicified rock (sediments?).

Figure 4: Hundreds of feet of sulfidic intrusive rock.

Figure 5: Discovery Bay with gravity high to the left and geological map with Triassic Carbonates and Quartzite on the right. NV Gold only completed 2 RC holes (TOF 1 & TOF-2), but nevertheless discovered a 1-km-long, thick, and open sulfide zone.