Further Expanded Drill Program At The Sandy Gold Project

VANCOUVER - NV Gold Corporation reported that it has completed its expanded reverse circulation (RC) drill program at its 100% owned Sandy Gold Project, located within the Walker Lane, Lyon County, Nevada. The expanded program was comprised of 17 RC drill holes totaling 3,811 m (12,505 ft), or an approximate 150% increase from the originally planned 1,500 m. All samples have now been delivered to the assay laboratory and are awaiting assay.

"Since announcing the expansion of our RC drill program at Sandy, further holes continued to yield intervals displaying intensely hydrothermally altered rock, quartz vein material and considerable pyrite. Because of these positive indications, NV Gold elected to expand its drill program by 150%," said, Peter A. Ball, CEO. "Drilling provides an indication the newly discovered epithermal system has at least a 2.4-kilometer strike-length. Recent high-grade gold from surface rock chip sampling supports this observation. The Company is now planning to complete a property-wide induced polarization-resistivity (IP) survey to further evaluate this exciting system. The IP-resistivity survey will help to identify and distinguish zones of high chargeability, or sulphides, and resistivity to delineate silicification. It will also provide information regarding the depth to underlying shaly basement."

Based on the expanded drill program, the newly identified mineralized vein system now has a strike length of at least 2.4-kilometer (1.5 miles) and is hosted by a thick andesite volcanic package. Some of the underlying shaly basement rocks continued to show visual evidence of veining and alteration. Most of the property remains undrilled, and the system remains open at depth and in adjacent areas under late volcanic cover.