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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 Backspace0001on Jan 30, 2020 9:50am
108 Views
Post# 30619190

RE:Drilling update

RE:Drilling updateNo assay results.  If they hit, I think they would have to say something.  Instead we get "the additional drill holes are improving both the resolution of and its confidence in its exploration model"

6 holes drilled in 24 days with 2 rigs.  At least things are moving faster.

At this rate I would expect another private placement funding soon.  

I wonder about the next step.  23 holes over 4 targets is spreading it pretty thin.  I know that the sales pitch is that they can identify the deposit with fewer holes.  I wonder if the hydrogeochemistry will end up identifying the area, but the end result is that you still have to swiss cheese it.  Who knows, maybe they will get lucky with 23 holes.   All I know is that no one will believe them until that first discovery hole.  Once they hit ore grade everything will change. 
Bullboard Posts