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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
Comment by realtyon Jan 24, 2019 9:20pm
57 Views
Post# 29279038

RE:RE:Additional Area Staked...Why?

RE:RE:Additional Area Staked...Why?After receiving the assays for holes 2 & 3 here is what the company said: "With thick intervals of hydrothermally-altered, favourable lower-plate carbonate host rocks, containing characteristic CTGD pathfinder elements across multiple wide-spaced drill holes, this first phase of drilling has successfully achieved the objective of confirming the presence of a district-scale Carlin-style hydrothermal system, and NGE is now beginning the next phase of drilling to vector towards potential mineralization. Based on these positive results, the Company has enlarged its land holdings at the Project, staking approximately 400 hectares of additional claims, for a total district-scale land package of 4,500 hectares (45 km2)." The only thing is that it would have taken them a long time to stake this area and record it, probably before drilling hole 3 at least. So, when did they actually decided to stake this area and based off of what findings? Did they base it only on hole 2. Hole 1 was a dud. What did they see in hole 2 that made them go stake this area or was it something else? Realty
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