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Nevada Exploration Inc V.NGE

Alternate Symbol(s):  NVDEF

Nevada Exploration Inc. is a Canada-based exploration company focused on gold exploration in Nevada. The Company is engaged in the acquisition, exploration, and development of resource properties. It owns approximately 35,467 hectares of mineral claims in Saskatchewan. Its projects include South Grass Valley, Kelly Creek, North Grass Valley, Awakening, and others. The South Grass Valley Project is located approximately 50 kilometers (km) south-southwest of Barrick Gold Corp.’s Cortez complex, within the specific region of north-central Nevada known for Carlin-type gold deposits (CTGDs). The Kelly Creek Project is located approximately 40 km north-northwest of Battle Mountain in Humboldt County, Nevada, in the larger Kelly Creek Basin. The Awakening Project is located in Humboldt County, Nevada, 50 km north-northwest of Winnemucca, and approximately 4,000 meters north of the 4.8-million-ounce Sleeper Gold Mine. The North Grass Valley Project is located in Lander County, Nevada.


TSXV:NGE - Post by User

Bullboard Posts
Post by realtyon Jan 24, 2019 9:10pm
67 Views
Post# 29279009

Additional Area Staked...Why?

Additional Area Staked...Why?So, I am trying to piece together why NVDEF decided to stake the additional claims to the NW of the project. It was after receiving the assays for holes 2 & 3 and drilling hole 4 that we received the news release stating that they staked these claims. They also mentioned at that time that they were beginning the next phase of their drill program and would begin vectoring to the target(s). So, they had to have decided to stake the additional acreage after the assays they received for hole 1. Why you ask? Well, it takes quite a bit of time to stake all of those claims in the field and then produce the legals to record them. Heck, they may have already been staking that area before they even drilled hole 1. Did we miss some information along the way that made this area important? I mean they went off the originally planned fence line on the north to drill hole 6 (they went further NW), but why? The only thing I keep coming back to is that the water drains northerly, but the bedrock grades to the south. Water would drain through the gravels in a northerly direction, but backflow to the south when it hit the bedrock. So, did they figure out that the source could be to the north and the groundwater chemistry to the south might have been partially/mostly backflow water coming down the bedrock sloping to the south?? I am not a geologist and I am just throwing stuff at the wall to see what sticks... Anyone have an theories? Realty
Bullboard Posts