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Breccia from NV Gold’s Slumber project in Nevada
It said the first five holes drilled this quarter were "visually encouraging" and had confirmed the correlation of a low-resistivity zone with known alteration and possible gold mineralisation.
"I am gratified to see these intensely silicified and brecciated rocks supporting the reinterpretation of the geological model," VP exploration Thomas Klein said.
RC drilling was limited by abundant groundwater, NV Gold said, adding further drilling would depend on core rig availability.
It said initial analytical results were expected in mid to late January, depending on laboratory constraints related to COVID-19 and staffing.
After Slumber, the company planned to shift the RC rig to its Discovery Bay project, 50km south of Battle Mountain.
The explorer has a strategic relationship with GoldSpot Discoveries for project generation.
London-listed Hochschild Mining has a US$10 million option on NV Gold's SW Pipe project in Nevada, announced in April.
NV Gold had about C$4 million in cash at June 30.
Its shares have spanned 11.5-39.5c and closed up 43.4% yesterday to 16.5c, capitalising it at $10.7 million (US$8.4 million).
Gold Fields to buy Yamana for US$6.7bn, shares hit
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Marrone not done building gold companies
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York Harbour upsizes offering to C$10 mil
Barrick says share price still undervalued
Nexa Resources CFO resigns, shares hit
Hecla's share price slides on Q1 financials
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Chile constitution: expands environmental rights
Mocoa: one step forward, two steps back
Moving swiftly to production more important than ever
100%-owned, large, brownfields project in Montana's Stillwater District
High Grade Silver asset in Canada's Yukon
Nova Royalty: Building the leading battery metals royalty company
Escalones: Chile's Largest, Undeveloped, OXIDE Copper Resource
Growing copper market faces down supply crisis
Casino primed to be world-class producer
Granite Creek Copper provide update on their Yukon project
Developing Canada's Premier Copper-Gold Mine
Moving swiftly to production more important than ever
100%-owned, large, brownfields project in Montana's Stillwater District
High Grade Silver asset in Canada's Yukon
Nova Royalty: Building the leading battery metals royalty company
Escalones: Chile's Largest, Undeveloped, OXIDE Copper Resource
Growing copper market faces down supply crisis
Casino primed to be world-class producer
Granite Creek Copper provide update on their Yukon project
Developing Canada's Premier Copper-Gold Mine
Gold Fields to buy Yamana for US$6.7bn, shares hit
Billionaire Friedland seeks Ivanhoe Electric listings
Aurania finds lost city with Metron
Sibanye-Stillwater gets Carter for Americas
Marrone not done building gold companies
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