Large Carlin-Type Soil Anomaly At The SW Pipe Gold Project At Crescent Valley

VANCOUVER - NV Gold Corporation has identified a strong geochemical anomaly from a recent soil sampling program at the SW Pipe Gold Project in Lander County, Nevada. The SW Pipe Gold Project is comprised of 84 unpatented mining claims covering a sediment-hosted gold system 6 km (3.7 miles) southwest of the world-class Pipeline gold mine (> 20 million ounces of gold) in the central Cortez gold belt of north-central Nevada. Disseminated, Carlin-type gold mineralization covers at least 1.3 by 0.6 km.

The Company's rock-chip assays reach 1.47 ppm Au, and historic shallow drilling in 1989 yielded intersections that include 0.442 g/t over 16.8 min 89-1, 0.654 g/t over 15.2 m in 89-2, 0.794 g/t over 9.2 m in 89-9, and 0.580 g/t over 18.3 m in 89-11. A total of 567 soil samples were collected on the Property and later modeled in MapInfo. The modeling shows a large and comprehensive zone of overlapping Carlin-type geochemical anomalies including Au, As, Sb, Hg, Tl, and Se, in the neighborhood and merging with a Magmatic Plume, which is defined by strong Pb, W, and Te. The Property has undergone various phases of historical drilling, but drill depths have been kept short in the past, mostly in the 100 m to 200 m range, and all historical reverse circulation (RC) holes were drilled outside of the newly defined target area. The historical drilling defined a decent-sized zone of near-surface, oxide-gold mineralization, possibly related and representing leakage of a deeper-seated gold system.

The New Target is an interpreted dilational zone, at least half a kilometer wide and one kilometer long. The dilational zone is defined by two intersecting faults, the Filippini and Magmatic Plume Faults, which could have functioned as a fluid pathway allowing an uprising gold-rich metal brine to create the extensive geochemical anomalism. Results from a recently completed Mercury-vapor survey covering the same soil sampling area are still pending.

Thomas Klein, VP Exploration said, "These are extremely exciting results based on my knowledge and experience of over 20-years of Carlin Trend exploration and targeting. I have been involved in numerous soil sampling programs and Mercury-vapor surveys over the last two decades and have not seen such a comprehensive and understandable geochemical anomaly for a long time. The pure dimensions of the geochemical anomalies and their structural constraints are very impressive and their proximity to world-class gold deposits is compelling enough to enhance the SW Pipe Gold Project in NV Gold's Exploration Pipeline to a "Must-be-drilled Target"."