Oct 18 2010
NV Gold Corporation (TSX VENTURE:NVX) has announced that a 2,500 metre 20-25 hole RC drill program has commenced on its 100% owned Afgan-Kobeh gold project located in Eureka county, Nevada.
The current drill program will focus on expansion of the NI 43-101 compliant gold resource of 50,000 ounces Indicated (1.85 million tons @ 0.027 oz Au/ton (0.926 g Au/ton)) and 34,000 ounces Inferred1 (1.29 million tons @ 0.026 oz Au /ton (0.891 g Au/ton)). Work to date indicates that the Afgan-Kobeh is a Carlin-type gold deposit that remains open to expansion in several areas.
The Afgan-Kobeh property, located in NE Nevada 28 miles NW of the town of Eureka, covers 2,180 acres and consists of 109 unpatented claims. The project's potential is enhanced by its location at the intersection of the Northern Nevada Rift and the Cortez trends between the previously mined Gold Bar deposit (Atlas, U.S. Gold) and the producing Archimedes (Ruby Hill) mine (Barrick Gold).
(1) Midway Gold Corp., 2007 using a cut-off of 0.010 oz Au/ton (0.343 g Au/ton)
Source: NV Gold Corporation