NV Gold Enthuses Over Favourable Assays

NV Gold Enthuses Over Favourable Assays

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, August 7, 2019

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

Copyright © 2019 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon

Other Penny Stock Movers

Biotech Looks Ready To Resume Multi-Year Uptrend
Livewire Lives up to Name on Q2 Figures
MacDonald Comes Up Nuggets at Sudbury-area Mine
PetroTal Reveals Great Results from Peruvian Project

Back to Top