Accounting for 3 percent of the United States’ land area, the state of Nevada spans over 110,000 square miles and ranks seventh in terms of the country’s landmass. In terms of gold production, Nevada is the United States’ leader — and it’s not even close — representing 78 percent of the country’s production.
Taking that into consideration now, if the state of Nevada were a country all on its own, it would be the fifth-largest producer of gold in the world where roughly 175 tonnes of the yellow metal are produced each year.
In other words, Nevada is a gold mine all on its own with two of the most prolific regions including the Cortez Gold Belt and the Walker Line.
NV Gold Corp. (TSX-V: NVX, OTCQB: NVGLF, Forum), a Vancouver, BC-based exploration company, operates within both of these trends and is focused on providing top-notch value through its mineral discoveries.
Within the state, , NV Gold has an impressive resume with 20 plus 100 percent-owned projects to its name. Some of the company’s projects include the SW Pipe Gold Project, Slumber Gold Project, and the Sandy Gold Project.
As a junior mining company in a prolific region with tons of assets to its name, NV Gold presents itself as a sound investment opportunity with a long-term outlook.
The focus in Nevada
In an interview with Stockhouse Editorial, the company explained that what makes the state such a great place for gold first comes down to its geology. John Watson, chairman and CEO of NV Gold, explained that Nevada has a high concentration of gold that can be transported up and emplaced as deposits.
Further, the widespread fracturing and large-scale movement associated with the formation of the Basin and Range provide the plumbing for transportation of the metals to the surface, which makes it the perfect combination for the formation of gold deposits. Additionally, the company explained that most of the land in Nevada is owned by the US government, which makes it accessible and land tenure for gold exploration.
“It may be one of the best regional environments for gold exploration on the planet,” Watson said.
With over 1,000 junior mining companies listed on the TSX Venture Exchange, including NV Gold, it can be difficult to be a cut above the rest. When it comes to operating in Nevada, NV Gold has a leg up in terms of management, directors and advisors with an accumulated 150 years of experience in Nevada alone. Watson added that having contacts in the region has also greatly benefited the company which has allowed the company to essentially explore an area the size of Poland.
“Relationships with drilling contractors, laboratories, engineering firms, state and federal agencies, prospectors and other services are all important,” he said. “If you don’t have that history, you don’t develop those connections.”
The busiest exploration year in corporate history
With a plethora of projects under its wing, NV Gold has had a record year in terms of exploration.
Over a 12-month period, Watson said the company has drilled two projects — the Slumber Project twice and the Sandy project — performed three geophysical programs, acquired six new projects and completed two financings.
“This was all done with a very small staff of people,” Watson said. “It was a very good year
In a word, NV Gold has had no shortage of activities, and that landscape isn’t about to change any time soon. Watson said that before the end of this year the company hopes to complete at least three drilling programs — potentially more — with its joint venture at the SW Pipe project. He said that the company expects its joint venture to complete a significant geophysical program at the SW Pipe project under NV Gold’s direction. Two or more of the company’s upcoming drilling programs will be maiden drilling on new projects, which opens the possibilities for a new discovery, Watson said.
What’s next for NV Gold
Over the next year and a half, Watson said that the company intends to drill four to six more drill programs, explaining that the company completed two financings in the last year, which means NV Gold has sufficient capital to be able to execute four out of the six programs in the next 12 to 18 months. A key component will be accessing drilling equipment, which he explained is scarce in Nevada right now, but that NV Gold has contracted a Nevada-based drilling firm to drill 5,000 to 6,000 metres of reverse circulation drilling for the company.
The
drilling contract, secured with Drill NV Inc., is expected to begin in October of this year at the Slumber Project followed by programs at the Discovery Bay Project and the Pickhandle Project.
“Our goal for the upcoming drill program at Slumber will be identifying the higher-grade pathways of gold mineralization. These holes will focus on the north-plunging and open resistor zones that have been identified by geophysics and previous drilling,” Watson said in a press release. “Phase 1 drilling programs at both Discovery Bay and Pickhandle projects will commence after drilling at the Slumber project is completed.”
At the company’s Sandy Project, Watson said this project generated a lot of interest in 2020 and had positive geological results. He said the company drilled 17 holes totaling just over 4,300 metres with each hole intersecting gold over significant lengths.
Watson said there is a geophysical program currently underway which may lead to a deeper target potentially in Q1 2022. He explained the current geophysics will help point the company in the direction the gold was coming from.
“What [NV Gold] is looking for is a structurally high-grade target,” he said.
The management team
John Watson, chairman and CEO
With over 45 years of experience in the mineral resources industry, Watson is the founder of NV Gold and served as chairman and CEO from 2009 to 2017 and chairman since 2017.
Prior to NV Gold, Watson was president of Pan-Nevada Gold from 2002 to 2007. Pan-Nevada performed extensive exploration and resource expansion of its Pan Project in Nevada which is now in production. Between 1979 and 1993, Watson was president and CEO of Horizon Gold Corporation, which was listed on the NASDAQ from 1986 to 1993. Horizon Gold Corporation built and operated two open pit, heap leach mines in Nevada from 1985 to 1992.
Watson holds a B.A. in Geology from the University of Texas and an M.Sc. in Mineral Economics from the Colorado School of Mines.
Thomas Klein, vice president of exploration
Klein brings over 25 years of distinguished global exploration experience, which includes extensive contributions to multiple gold discoveries and/or project advancements in the United States, South America, West Africa, and the Middle East, and has spent the last decade exploring and generating exploration opportunities for Newmont Mining in Nevada. Mr. Klein discovered the Kupfertal Cu-Au Porphyry in Peru, is credited as the co-discoverer of the Amulsar Gold Deposit in Armenia, holds a Masters in Mineralogy from Ruprecht-Karls University in Heidelberg, Germany, and is a Member of the Geological Society of Nevada.
The investment opportunity
As of September 24, NV Gold has a market capitalization of C$11.14 million and a share price of $0.14, making the company vastly undervalued given its presence in the state of Nevada. The company also currently has 64.76 million shares outstanding.
Backed by an experienced team with a vast land position, financing and tight share structure, NV Gold presents itself as a a sound investment opportunity for the long-term. In line with this, with the company’s record-breaking 2021 exploration year — and as it gears up for a busy end of the year and beyond — investors will have plenty to look forward to.
Fore more information, please visit
nvgoldcorp.com
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.