Nevada Exploration Inc V.NGE

Alternate Symbol(s): NVDEF

Metals & Mining Gold

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.

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Nevada Exploration Inc

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Post by Novo2018on Sep 19, 2019 8:28pm

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Post# 30145779

Drilling costs in NV

I asked a geologist friend of mine about this. Roughly, drilling a hole 850 meters with the first 250 meters RC drilling followed by 600 meters core drilling would be about $USD 250,000 per hole.
So $USD 3 million would get you 12 holes of 850 meters each. NGE could then drill three 850 m holes per target with the $USD 3 million. Hopefully one of those 12 holes would be the discovery hole. After that I suspect it would get a lot easier to attract money.

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