NV Gold Signs Up To US$10 Million Option Deal With Hochschild On SW Pipe Gold Project

VANCOUVER - NV Gold Corporation reported that Hochschild Mining (US) Inc. (HOC US), a subsidiary of Hochschild Mining PLC has entered into an option agreement in respect to SW Pipe Gold Project, located along the Cortez Gold Belt.

"The close proximity to a larger operating gold mining complex and the known low grade gold system present at the SW Pipe Gold Project, provides the opportunity for a major discovery at depth. NV Gold will remain operator of the initial exploration programs on the project and we are excited to work with Hochschild to test the project at depth for extensions of the neighboring multi-million ounce gold deposit at the Pipeline Mine. Initially the work will be aimed at assessing the potential for mineralization beyond the historic drilling and, in particular, for mineralization within steep "feeder" structures, which have not been tested by the historic vertical drilling. This will be an exciting exploration program," said, Peter A. Ball, President and CEO of NV Gold.