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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 31, 2019 11:39am
85 Views
Post# 29301452

In a Nut Shell

In a Nut ShellIn a nut shell, NVDEF stated in their news release that the Scorpion Rig can only obtain water samples to a depth of approximately 60 meters and that if the deposit and bedrock was deeper that the geochemical scent may not be as strong or nonexistent as if the bedrock were shallow. Hence, the mercury testing equipment was utilized and picked up a strong scent north of Goodwin Butte. It appears that there we could have the makings of a very significantly sized deposit if Hole 6 is a hit. Everything I have read indicates that these sooty black carbonates have a high potential to contain higher grade ores. In the news release it states that there is secondary pyrite, which is a dead giveaway and lock that we do have mineralization here. Anything could happen here and my hope is that they have mineralization the entire 230 meters and then associated mineralization in other layers. The next news release is going to be it. There are going to be no cheap shares available at all. Good luck finding a single share after the results of Hole 6 are released, because you wont find many for sale. Realty
Bullboard Posts