With financial markets in such turmoil, it’s now the turn of the gold sector to grab the spotlight, what with the shiny metal’s perception as a safe haven.
Vancouver-based NV Gold Corporation (TSX-Venture:NVX) Wednesday announced strong gold (up to 8.02 grams per tonne) and silver (up to 1,495 g/t) assay results from its sampling program at its 100% controlled Root Spring Gold-Silver Project in the East Range, Pershing County, Nevada.
In all, according to Wednesday’s news release, 39 rock-chip samples were collected and submitted for assaying. In all, 28% of those returning silver assays were greater than 150 g/t, and up to 1,495 g/t silver.
As well, 41% of samples returned greater than 0.5 g/t gold, 23% of samples returned greater than one g/t gold, and up to 8.02 g/t gold.
Positive base metal results revealed up to 0.51% copper, 0.68% lead, and 0.89% zinc.
According to President Peter Ball, “Assays results at Root Spring are very positive and we will immediately expand our exploration plans for the project, including reviewing the potential opportunity for a drill program later in the year.”
Shares gained half a cent, or 3.5%, to 15 cents by midday Wednesday, on volume of 95,000